A £143,000 commercial mortgage made things easy for a husband and wife business team to purchase a busy day care nursery.
Thanks to the financial backing from Barclays, Anoop and Sheetal Shah have purchased Stenhousemuir’s Tiptoes nursery with a view to further developing the business, which currently provides around 60 parents with essential child care for children aged six months to five years.
We are keen to build on the successful approach and reputation that Tiptoes hasSheetal Shah
Experiencing first-hand the challenges faced with finding suitable childcare to suit parents with full time jobs, Sheetal made it her aim to build a business that could provide tailored day care to suit parents’ needs.
Tiptoes Nursery fit their brief as first time business owners in terms of location and scale of operation, so the couple were keen to seize the opportunity when it arose.
Sheetal said: “Barclays understood our business requirements and provided valuable advice which led us to find the perfect acquisition of Tiptoes Nursery. Having been established for over two decades, we are keen to build on the successful approach and reputation that Tiptoes has acquired within its local community.
“We have completed major internal refurbishment works and began external refurbishments at Tiptoes to provide the perfect recipe in delivering state-of-the-art childcare. Our ethos of encouraging outdoor play and being an outdoor-based nursery is facilitated by the location of the nursery.”