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I suspect that the fees are beyond the reach of many parents. Don't forget that many people are losing their jobs and so don't need day care for their child. I've noticed other nurseries advertising too.
FWIW I think a childminder is better every time - nurseries are fine for a few hours for a child over 3 but they are institutions and these are not good for children under 3, though it depends on how long they are in for. Sorry I know you haven't asked for an opinion but I feel really strongly about this.
Nursery workers are not well paid and so there is usually a high turn over of staff and of course the children have to move "up" a class as they get older. Children under 3 need continuity of care.
I've been to see the Monty Montessory nursery in Archway. I am pretty impressed by it, however do not understand why they are not over subscribed and why they even advertise themselves (seen them yesterday at a local fair) if they are indeed a great nursery as they look to me? If they are a great nursery, wouldn't there be a huge waiting list? (and there isn't one) What am I missing? What do I not see about this nursery? Or is it just great and I should just chill? Thanks!!