York Business Expands with Funding from Barclays
York based nursery business Muddy Boots today announced it has received funding from Barclays to support the acquisition of a third nursery as they continue on track with their ambition to grow a chain of standard setting nurseries across York.
Founded by husband and wife team Andy and Anna Nimmo in 2012, Muddy Boots provides a home from home, family-feel environment where children are genuinely loved as individuals. Muddy Boots has sites at Poppleton and Acomb and the acquisition of Kiddies Corner in Wilberfoss, will become their third nursery and will adopt the Muddy Boots way going forward.
Andy Nimmo, Managing Director, said: “Muddy Boots really is a dream come true for us and we are so proud of our team and grateful to every family who entrust their child to us. We have a vision for dynamic, full of life, standard setting nurseries and the move to Barclays and the funding they have provided has enabled us to expand our services to more families across York and surrounding areas.
Anna Nimmo commented: “We believe in the best for every child, and that every child should be given the opportunity to flourish into their full potential. The name ‘Muddy Boots’ really sums up our whole ethos – to not be afraid to let children learn by getting muddy, exploring, going on adventures and getting out there and having a go!”
The six figure funding facility from Barclays supported the purchase of Kiddies Corner and turnover for the group of businesses is now expected to exceed £3million in the next financial year. The business employs 120 people locally.
Paul Craske, Barclays Relationship Director put together the funding package for the deal and said: “We’ve been delighted to support a growing and thriving business that is great local employer and contributing to the local economy. Muddy Boots is a well-managed and ambitious business and the new acquisition will support their growth aspirations so that they can operate successfully through these challenging times.”
Muddy Boots were advised on the deal by a team from Andrew Jackson Solicitors’ York office led by Martin Frost (Corporate) and Samuel Peake (Commercial Property).
Speaking after the deal Frost said “It was a pleasure to act for Muddy Boots on their latest acquisition. There were a number of complex elements to the deal but I’m delighted that by drawing on specialists from across our team and working closely with Barclays and Muddy Boots’ other advisers we were able to structure the transaction to address these. The Kiddies Corner business is in fantastic hands with Muddy Boots and Sam and I wish Andy and Anna every success in growing the business and the Muddy Boots brand.”