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Childcare & Education

Day Nursery Market Insight: North West

Sofia Beck, Director at Christie & Co shares her insight into the day nursery market in the North West.

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Sofia Beck

Sofia Beck

Director - Childcare & Education

Manchester, William McCue for Unsplash

Image: William McCue for Unsplash

Market Overview

We have seen a busy start to 2024 with several day nursery transactions having completed in January and February, and a solid increase in new business instructions and offers accepted. This is a continuation of the positive activity we experienced towards the end of Q4 last year, against a backdrop of falling inflation. Despite 2023 being a year of market resets - due largely to cost of capital increases – and inflation and government announcements associated with policy changes, the North West day nursery market remained buoyant, resulting in one of the busiest transactional periods the region has seen in a while.

Last year, there were more active buyers than operators who were looking to sell. This was broadly down to a combination of nursery providers navigating through a difficult shift where they faced increasing operational costs and ongoing workforce challenges, resulting in a continued loss in capacity. We saw a number of smaller settings close due to continued financial sustainability pressures which will no doubt continue this year...

To read the full article on NMT's website, click here.

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