Goldcrest Nurseries, a group of two nurseries in Essex, has been sold to experienced operators Tender Tots Childcare, with Redwoods Dowling Kerr advising the sale.
The nurseries, located in Billericay and Stanford-le-Hope, have a combined registration of 62 children from birth to age 5. Since being acquired by the current vendors in 2005, the settings have gone from strength to strength.
Located just 10 miles apart, Goldcrest Nurseries’ two settings have established an excellent reputation in their respective local areas due to the high levels of expert care provided and the accessibility of both settings. The settings are located in well-populated, affluent residential areas in the Billericay and Stanford-le-Hope areas.
Ofsted has also recognised the superb levels of care performed at the settings, with the Stanford-le-Hope setting receiving an ‘Outstanding’ assessment from Ofsted and the Billericay setting assessed as ‘Good’.
After cementing the group’s reputation, the vendors wished to retire and instructed Redwoods Dowling Kerr in the sale. There was substantial interest in the setting due to our unique buyer’s intelligence, with 11 viewings conducted.
The buyers, Tender Tots Childcare, are registered childminders with 15 years of experience in the sector. They were drawn to the settings due to their excellent locations and plan to further grow the group with new acquisitions.
Tender Tots Childcare said:
‘We have had a great experience and found the RDK team to be very experienced and informed on the childcare market. Natasha was brilliant and provided regular updates, ensuring all parties were informed of the progress. We have and will continue to recommend RDK as the level of customer service is outstanding.’
Expert sales negotiator Natasha Satterthwaite said:
‘I’m so pleased that we have managed to complete the sale of Goldcrest Nurseries. I’d like to wish the vendors the very best of luck in their retirement and the buyers every success moving forward with their new business.’