Childcare business set to expand after securing bank funding

Childcare business set to expand after securing bank funding

Childcare business set to expand after securing bank funding



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by Liam Thorp

A BOLTON-based childcare provider is planning to expand its business after securing a new funding package from HSBC.

AW Childcare, which was set up by Paul Brooks and Angela Wallace from their Morris Green Home more than ten years ago, will use the funding to establish a new day nursery.

The company has secured a commercial mortgage and flexible business loan worth £128,000, which will provide them with the support they need to purchase, refurbish and equip the new day nursery.

After being set-up in 2002 — AW Childcare has established itself in Bolton and offers a range of services including weekend and overnight care, early and late shift care as well as more conventional childcare.

The day nursery will be run by Mr Brooks from its newly acquired and refurbished commercial premises — while Angela will continue to manage the existing child minding business from their home.

Ms Wallace, co-director of AW Childcare said: “Since we started our childcare business from our own home in 2002, our ambitions and growth have meant we have outgrown our current premises.

“Now, more than 10 years later, support and funding from HSBC has allowed us realise our goals and expand.

“The desire and commitment they showed from the outset really impressed us and they have been supportive every step of the way.”

The Bolton-based childcare business secured the funding from HSBC’s Manchester Business Banking team, in a deal managed by Relationship Manager, Zubayr Atcha.

Mr Brooks and Ms Wallace switched their banking facilities at the start of 2015 as they felt they were not receiving the support needed from their previous bank to help grow their business and achieve their ambitions.

HSBC regional director of Business Banking, Chris Wormall, said: “AW Childcare moved to HSBC after it became clear they share our commitment to growth.

“HSBC has a strong appetite to support ambitious businesses like AW Childcare and I am pleased that we have been able to back their plans for growth — I look forward to watching them develop in the future.”

Source Article from http://www.theboltonnews.co.uk/news/12875250.Childcare_business_set_to_expand_after_securing_bank_funding/?ref=rss
Childcare business set to expand after securing bank funding
http://www.theboltonnews.co.uk/news/12875250.Childcare_business_set_to_expand_after_securing_bank_funding/?ref=rss
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カテゴリー: Childcare   パーマリンク

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