Christie & Co sells group of six North West children's homes
Specialist business property adviser, Christie & Co is pleased to announce the sale of Crossway Services Ltd, a group of six single occupancy children’s homes located in and around St Helens, Merseyside to established national childcare operator, Pebbles Care Ltd.
The previous owners, Mr Peter Byrne and Mrs Pauline Croft set up the business in 2004 when they opened their first home, having previously worked in the care sector for the local authority. They have firmly established a strong reputation within the local community, receiving ‘Outstanding’ Ofsted inspection reports and a consistent stream of referrals.
Peter and Pauline took the decision to sell due to their desire to begin new projects within the care sector.
The group comprises six properties which are a combination of leasehold and freehold two bedroom terraced and semi detached houses located in residential communities, with one child being homed at each property.
Rosie Adlem, Associate Director in the Childcare team at Christie & Co brokered the sale. She comments, “We were delighted to have been instructed by Peter and Pauline to assist with the sale of their business which they had spent many years nurturing. From the outset of marketing, we received a high level of interest from a variety of different parties and multiple bids were received – demonstrating the high level of demand for specialist childcare opportunities in the market.
“We are thrilled to have been able to introduce Pebbles Care to the group, who we have no doubts will continue to develop and improve the business moving forward. We wish Peter and Pauline all the very best for the future and with their new endeavours.”
Following the sale, Peter commented, “Pauline and I are proud of the work and outcomes achieved by Crossway. Our best wishes go to the children, staff team and Pebbles for their future.”