Two Exeter day nurseries sold for undisclosed fee

Specialist business property adviser, Christie & Co, has announced the sale of three established Devon day nurseries trading as Muddy Boots Childcare Ltd. 

Muddy Boots Childcare Ltd comprises Muddy Boots at the Barn and Muddy Boots at the Bungalow, both of which are in Exeter, and Muddy Boots at the Market in Tiverton. They boast a collection of ‘Outstanding’ and ‘Good’ Ofsted ratings and, together, have the capacity for up to 140 children aged nought to four years.

The business was founded by Phillipa Hill in 2018 and, following a confidential sales process with Rachel Godwin at Christie & Co, has now been purchased by iStep Learning Ltd.  

Phillipa Hill, former owner of Muddy Boots Childcare Ltd, said: “We are delighted to be entrusting the Muddy Boots nurseries to iStep Learning. The company are highly motivated to offer exceptional childcare and we look forward to seeing the development and progress to come.”

Rob O’Neill, CFO at iStep Learning Ltd, added: “Very excited by the acquisition of this group of three beautiful settings. Founded by the seller who put her heart and soul into creating a group to be proud of, she trusts iStep Learning to look after it and take it to the next level. Welcome on board to the whole Muddy Boots team!”

Rachel Godwin, Business Agent – Childcare & Education at Christie & Co, said: “I am delighted to have brokered the sale of Muddy Boots Childcare Ltd in Devon for Phillipa who founded the group in 2018. This is a successful and profitable group of three nurseries. I was confident that this group would be a great fit for iStep Learning Ltd who continue to grow their settings in the South West of England.”

Muddy Boots Childcare Ltd was sold for an undisclosed price.