Day Nursery Case Studies

Day Nursery funding organised by Sterling Capital Reserve Ltd:

little leaders childcare

Laura Ali and her business partner Katie Everett had run both the Eyke & Area Pre- School in Woodbridge Suffolk and Little Leaders Childcare in Ipswich very successfully since 2011.

The opportunity came about for Laura and Katie to purchase the freehold of the Little Leaders Childcare premises at the Old Hall, Woodville Road Ipswich from their landlord.  This would give them security of tenure and a firm platform to take the Nursery forward.

As sitting Tenants, they approached Andrew Hunt of Day Nursery Funding, the specialist Day Nursery finance brokers for help in raising the money.  They negotiated a loan of 90% of the discounted purchase price on Laura and Katie’s behalf, through a Lender with an appetite for the sector.  Day Nursery Funding liaised closely with the Lender and the respective legal teams to ensure the purchase was successfully completed.

Laura Ali said: -
“ Andrew Hunt and his team at Nursery Funding were very helpful within the purchasing of Oak Hall. It was a completely new process for Katie and I, and they helped us every step of the way. We had constant communication through e-mail or phone, and felt we were in very safe hands to complete the transaction of the purchase of the nursery. I would use Nursery Funding again if I was to go through the process again. Thank you very much Andrew for everything you did.”

Details of the Little Leaders Child Care facilities can be found at: http://www.littleleaderschildcare.co.uk/

Sure Steps Day NurseRy

John and Ann Miller are the owners of the already successful Sure Steps Day Nursery in Mossley Hill, Liverpool and are passionate about providing excellent value for money and high standards of care to local children.  They enjoy an excellent reputation in the area and wanted to add a new Nursery to expand their business interests.  .

Minders Day Nursery in Derby Lane, Stoneycroft, Liverpool was pursued as a suitable investment and a purchase price was negotiated with the Vendor.

To raise the funding for the purchase, the Millers’ wished to use a combination of their pension fund and  equity against the Business Market Value of Sure Steps  incorporating the combined value of the property and the business.   As the property was in the Millers’ name and the business a limited company this provided lenders with a challenge as some lenders were only prepared to only lend against the property value. John Miller approached Andrew Hunt at Sterling Capital Reserve Limited, who run Day Nursery Funding to find other Lenders who would extend loans secured against the combined value.   Out of the lenders offered, the selected Bank  had a representative in the Liverpool area with past experience in lending to Day Nurseries. They offered 75% LTV against the existing business as well as a mortgage for the SIPP.
 
The funding was agreed and the transaction completed with Sure Steps Derby Lane being added to their portfolio of business interests

John and Ann said “Andrew was very helpful in securing the funding required at a competitive market rate. We used our pension SIPP fund to complete part of the transaction and with Andrew’s help we were offered choices to enable what seemed a complex transaction to be effected very smoothly. I would recommend Sterling capital to anyone looking to secure funding in this sector”.

Information on the nurseries can be found on their website www.surestepsderbylane.com

Strawberry How Day Nursery

Former Primary School teaching professionals Bill and Julie Richardson not only made a career change but moved to the opposite side of the UK to acquire the Strawberry How Nursery School.  Moving from their native Stockton on Tees to Cockermouth in Cumbria was required to achieve their goal of running a now highly rated Day Nursery.

With the help of an excellent Business Plan prepared by Bill and Julie, Day Nursery Funding was able to secure a 60% Loan to Value Commercial Mortgage through a High Street Bank.  Andrew Hunt of Day Nursery Funding managed the deal from initial enquiry through to completion, liaising with Solicitors, Accountants, Valuers and the Bank as required to ensure the deal went through.

Bill said “We approached several banks during a time when trying to raise funds for a new business venture was virtually impossible. We felt the best move for us was to contact a financial consultant and we were very fortunate to find Andrew Hunt at Sterling Capital Reserve Ltd. He supported and guided us through the whole process and without his expertise and professionalism the deal would certainly not have gone through. ”

Full details of this excellent Day Nursery can be found at http://www.strawberryhownursery.com

Penrhiw Day Nursery

Rachel Thompson Williams and her husband Jason own and run the successful and well renowned Penrhiw Children’s Day Nursery in Gwent.  They wanted to duplicate this success and provide much needed additional nursery places in nearby Abercarn in Caerphilly.  They secured Leasehold premises for the new venture, obtained planning permission and were looking for an initial registration of 55 children.

To fund the fitting out of the new nursery a remortgage of the existing freehold nursery was obtained by Day Nursery Funding through a High Street Lender.  With the release of the monies the fitting out is almost complete and the new Nursery expects to open in April 2012.

Rachel said: “The professional knowledge and assistance of sterling capital reserve has been invaluable to us as expanding nursery providers. We have gained expert advice and solutions to a growing problem of raising finances in the current economic climate.”

Penrhiw Nursery details can be found at http://www.penrhiwnursery.moonfruit.com/#/welcome/4523873139

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Sterling Capital Reserve Limited is a Broker not a Lender.
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