Childcare preschool and out-of-school club operator S4YC has acquired Hooton Childcare in Ellesmere Port, Cheshire.
The setting is a Victorian former farmhouse property with outdoor space established in 1989 by vendors Mike and Helen Walter. It has operating capacity for 73 children and 22 out-of-school’ places for children aged from newborn to 11-years old.
Funding for the purchase was sourced through commercial finance firm Christie Finance.
S4YC managing director, David James said: “We are delighted to add Hooton Childcare into our family of settings, as this is our first independent nursery it is a very exciting time for S4YC. We would like to thank Mike and Helen for their commitment over the last 30 years and look to expanding the nursery brand and continuing the outstanding work that has gone before us.”
The Walters are selling in order to retire. Mike Walter said: “We decided the time had come to think of retiring. It was always going to be difficult for us to let go of a business we had started in our twenties, that had been such a huge part of our lives and was always more than just a business to us – it was like an extended family, and we needed to know that what we did was not only the best for us as a family, but protected our long-serving and much appreciated staff.”
Christie Finance managing director John Mitchell commented, “[S4YC] are highly experienced childcare providers who are looking to establish a portfolio of nursery settings using their innovative ideas to enhance the overall childcare experience for the children and their parents. We wish them the very best in their new venture and we are delighted to have supported another childcare specialist in getting on the business ownership ladder.”
The sale was facilitated by business property advisor Christie & Co.
Date published: 9 June 2021