Sale of Scotts Wood Private Day Nursery Limited
Scotts Wood is one of the most respected and successful nursery businesses in the Nottingham area. Boasting occupancy of over 80% it is one of the premier nursery groups in this prestigious location.
Confidentially Sold
Coulter Consulting were instructed by the owner Andrew Scott to carry out a very discreet marketing campaign, initially approaching established small groups and companies. The buyer was approached by Coulter Consulting in December 2013. After discreet meetings and a relay of financial information, terms were quickly agreed and the sale completed on 1st Feb 2014. From start to finish the process took just 6 weeks. The transaction was concluded in total confidence and with a high level of professionalism – and the handover was smooth, with staff being advised by well organised meetings.
The buyer, Russell Ford, operates 11 Nurseries in Central and the South of England, and intends to acquire two more this year with capacity for at least 60 children, and with large amounts of outdoor play space. “What we like about Scotts Wood, are the long established reputations for quality in both settings, the consistent occupancy performance over many years, and the premises … with good outdoor play space. They’re all qualities that we look for in potential acquisitions.
Andrew and Zoe Scott founded Scotts Wood over 16 years ago. “It was a wrench for us to sell after so long. We loved the children and their parents, and we enjoyed our nurseries being part of our local community, and we are very close to our staff who we’d like to thank for all their years of service. All we can say now is that we’re delighted to have found Russell and his team. A big ‘thank you’ to Andrew for everything he has done. He did a fabulous job for us advising us from start to finish.”
