The family-run childcare provider, headquartered in Coventry, has bought Thornhill Nursery, a Victorian house in Derby with places for 44 children.
The group refinanced its banking facilities with HSBC UK to receive a £1.65 million finance package including a £1.4m refinance of the business’s existing facilities and a £255,000 business loan.
The deal is part of HSBC UK’s £500million lending fund to support small and medium-sized enterprises in the East Midlands.
Tommies Childcare celebrated its 20th anniversary in 2018. It has eight sites in Coventry, Warwickshire, Nuneaton and Derby with a total of 398 registered places.
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