It is no surprise that Stonegate is owned by a private equity group, TDR capital. [5], Following the acquisition of Ei Group on 3rd March 2020 for £1.27bn, Stonegate Pub Company became the largest[vague] pub company in the UK. However, the industry has remained attractive, playing a prominent role in M&A. Stonegate, which also owns pub … The Stonegate Pub Company have agreed a deal with the management of Enterprise Inns that if approved would make it the biggest pub owning company in the country. We design great pubs - we decorate to the highest of standards, creating welcoming places you'll want to spend time in. Stonegate, the company behind the Slug and Lettuce, Walkabout and Yates chains, has snapped up the UK’s biggest pub-owner in a deal worth £3 billion. Our goal is to deliver fantastic customer experiences. Photograph: Peter Nicholls/Reuters Stonegate Pub Company has also expanded rapidly in recent years, acquiring 48 establishments from Be At One and Novus Leisure in July 2018. Additional troubleshooting resources. Please include the Ray ID (which is at the bottom of this error page). Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes despite being based in the Cayman Islands. Stonegate, which also owns pub chains Walkabout and Yates, in July offered 285p in cash for each Ei share, representing a premium of almost 40 per cent on its share price at the time. Company status Active Company type Private limited Company Incorporated on … A spokesperson for Stonegate Pub Company said: “Stonegate is a UK business, located in Luton, which pays its entire tax obligations in the UK including corporation tax, employee tax and VAT. The council owns this popular town centre pub - which got a reboot under new manager Ryan Clarke last year - and leases it out to a company called Unique Pub Properties Ltd. [3] Originally trading from rented offices near Birmingham airport it then moved its operations office to Capability Green in Luton in June 2011 when Stonegate bought the Town & City Pub Company who were in receivership, creating the largest[vague] privately held managed pub operator in the UK and acquiring the Yates's and Slug and Lettuce brands in the process. Pub group Stonegate, which owns Be At One and Slug & Lettuce, has bought out the Ei Group in a deal worth £3 billion. Stonegate operates only managed pubs, under brands including Slug and Lettuce, Walkabout and Yates. Filing history for BARLEY PUB COMPANY LIMITED (06457362) People for BARLEY PUB COMPANY LIMITED (06457362) Charges for BARLEY PUB COMPANY LIMITED (06457362) More for BARLEY PUB COMPANY LIMITED (06457362) Registered office address 3 Monkspath Hall Road, Solihull, United Kingdom, B90 4SJ . We are the largest portfolio manager of pubs in the UK, with around 4,500 properties. STONEGATE PUB COMPANY LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity • We operate over 700 pubs and bars across the UK, within a wide variety of formats: from community and high-street pubs, through branded bars, to country inns and late-night venues. Stonegate Pub Company Limited owns and operates pubs and bars. At Craft Pubs, we push to be a forward-thinking and innovative real ale pub. Company status Active Company type Overseas company First … To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. Stonegate Pub Co owns 772 pubs, including the Slug & Lettuce, Walkabout and Yates brands. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, is using public money to furlough its workers despite being based in a tax haven. Our business is built on the strength and scale of our leased and tenanted pub operation coupled with a rapidly growing managed pub estate. Stonegate is a managed pub company and has a national estate of over 765 operating outlets. Greene King confirmed charges for tenants will be reduced to 10 per cent during England's lockdown while Adnams, which owns pubs in Suffolk, Norfolk and Essex, said it … “With Brexit uncertainty driving lower domestic consumer spending within the UK, share prices for pubs and bars have fallen since the 2016 referendum. Stonegate Pub Company, which owns more than 600 pubs across the UK including those under the Yates's, Slug and Lettuce and Scream brands, has fallen back into the red after a £14m drop in revenue in its latest financial year. However, the Be At One investments are larger because of their premium nature. The company was formed in 2010 by private equity firm TDR Capital, after it purchased 333 pubs from Mitchells & Butlers. Pubs and restaurants can access grants up to £25,000 and a 100% rates holiday The FTSE-250 company has cut workers' basic pay by between 60% and 80% Mitchells and Butlers also owns … Slug and Lettuce owner Stonegate Pubs announced this morning it has bought Ei Group, the largest owner and operator of pubs in the UK, for £1.3bn. by Jack Peat April 26, 2020 We had been monitoring Ei for a number of years as a compelling acquisition target for Stonegate and successfully completed the take private of Ei in March 2020. The owner of Slug & Lettuce, Walkabout and Yates has used the government’s furlough scheme despite being based in a tax haven. And last month, pub group Stonegate Pub, which owns the Slug and Lettuce chain, announced it was buying rival Ei Group - once known as Enterprise Inns - for £1.3bn. Longbottom says that each one is invested in and each one has its place. ⚠️ Read our coronavirus live blog for the latest news & updates Your IP: 69.197.175.202 Stonegate currently owns 760 pubs. Stonegate Pub Company has strengthened its property portfolio in the capital through the acquisition of the Sports Bar & Grill concept, bringing its estate up to 703 sites. Our business is built on the strength and scale of our leased and tenanted pub operation coupled with a rapidly growing managed pub estate. The Company provides street, student, and local community pubs, as well as traditional country inns and late-night bars. Cloudflare Ray ID: 613b80b81cd30f42 Stonegate, which is owned by London private equity firm TDR Capital, said its support plan followed “detailed analysis across a representative sample of pubs and consultation with publicans”. [1] It is owned by TDR Capital. Pub companies such as Marston and Stonegate Pub Company, which own various pubs in Derbyshire, have said they will defer the rent of their tenants during the lockdown. Cloudflare monitors for these errors and automatically investigates the cause. Stonegate Pub Company Stonegate Pub company was established in 2010 to acquire 333 pubs from Mitchells & Butlers. A Stonegate spokesperson said "Last year Stonegate paid over £300m in tax in the UK. By combining the 772 pubs, including the 333 acquired from Mitchell and Butler in 2010, with the 4000 owned by EI, Stonegate will acquire immediate scale with debt funding secured by the rentals of an extensive property portfolio. Stonegate Pub Company is the UK's largest pub company. Stonegate is a managed pub company and has a national estate of over 765 operating outlets. [4], In August 2013, Stonegate acquired thirteen Living Room sites from Premium Bars & Restaurants. Stonegate PCL Stonegate Pub Company Limited owns and operates pubs and bars. Please include the Ray ID (which is at the bottom of this error page). As a UK business, fully paying UK tax, we have every right to access government assistance". Happy people make happy pubs. Stonegate Pub Company has today (18 July) agreed to buy pubco Ei Group for £1.27bn, which will see the operator’s estate rise by 4,000 sites, making Stonegate the … The Company provides street, student, and local community pubs, as well as traditional country inns and late-night bars. A real feeling of home from home. Stonegate Pub Company has strengthened its property portfolio in the capital through the acquisition of the Sports Bar & Grill concept, bringing its estate up to 703 sites. The company has paid no corporation tax in the UK citing “exceptional costs” which included buying other businesses and bonuses. The buyout places Stonegate, which owns pub chains including the Slug & Lettuce, in London transport hubs for the first time. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes while smaller businesses struggle. Sky News understands that Stonegate Pub Company, which also owns the Walkabout and Yates brands, has struck a deal to buy Be At One from its founders and private equity backers. The head office is based in Luton, UK, and the company is registered in the Cayman Islands. And last month, pub group Stonegate Pub, which owns the Slug and Lettuce chain, announced it was buying rival Ei Group - once known as Enterprise Inns - for £1.3bn. TCG In September 2005, Spirit Group sold its "City Nights" portfolio of in excess of 180 pubs and clubs, en-bloc, to Alchemy - the financial backers behind the newly formed Tattershall Castle Group (TCG) who created the brand, … Stonegate Pub Company. Ei owns 4,000 pubs. by Jack Peat. [2], Stonegate's managed pubs division is split into branded and traditional (unbranded) pubs. Stonegate acquired a portion of the Bramwell pubs in 2013 (78 of 185). Stonegate Pub Company Limited owns and operates pubs and bars. Stonegate began trading in November 2010 following the acquisition by Stonegate of 333 pubs from Mitchells & Butlers and has since grown in size and scale through a series of strategic acquisitions. • Charges for STONEGATE PUB COMPANY LIMITED (FC029833) UK establishments for STONEGATE PUB COMPANY LIMITED (FC029833) More for STONEGATE PUB COMPANY LIMITED (FC029833) Overseas company address CONYERS TRUST COMPANY (CAYMAN) LIMITED, Cricket Square PO BOX 2681, Grand Cayman, Ky1-1111, Cayman Islands . Our staff share our passions for excellent craft beer and will be more than happy to recommend ales you may not have heard of before so you can find your new favourite tipple. Slug and Lettuce owner Stonegate Pubs announced this morning it has bought Ei Group, the largest owner and operator of pubs in the UK, for £1.3bn. Stonegate began trading in 2010 after acquiring 333 pubs from Mitchells & Butlers, and now manages an estate of more than 765 sites after a series of acquisitions including the Walkabout brand. However, the Be At One investments are larger because of … )[9], "Deal to create UK's largest pub company cleared to go ahead", "Sunak rejects church leaders' call to bar tax-haven firms from bailouts", "Stonegate-and-Town-City-pub-companies-merge", "Stonegate's biggest deals: a timeline of the pubco", "Slug and Lettuce owner plans debt issue as UK pubs set to reopen - sources", "Stonegate continues to invest in roll-out of Popworld brand", https://en.wikipedia.org/w/index.php?title=Stonegate_Pub_Company&oldid=1000121567, Short description is different from Wikidata, All Wikipedia articles needing clarification, Wikipedia articles needing clarification from June 2020, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 13 January 2021, at 17:59. To take part in the Stonegate Pub Challenge, showcasing the next big thing in food and drink, please complete this form. Our scale and expertise allows us to support, invest and add value to pubs throughout England and Wales. Stonegate Pub Company is one of the youngest operators in the boozer business but its age belies the fact that it owns some of the most renowned brands and sites in the industry. Tel: 020 8741 5900. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes while smaller businesses struggle. Stonegate began trading in November 2010 following the acquisition by Stonegate of 333 pubs from Mitchells & Butlers and has since grown in size and scale through a series of strategic acquisitions. [7], During the 2020 coronavirus pandemic, Stonegate furloughed 16,500 workers under a UK job retention program. Nick Light, managing director of Ei Publican Partnerships, said: “Our approach is … 2014. Pub group Stonegate, which owns Be At One and Slug & Lettuce, has bought out the Ei Group in a deal worth £3 billion. There is an unknown connection issue between Cloudflare and the origin web server. Stonegate currently owns 760 pubs. Email: [email protected] For all other press and media enquiries. We acquired the majority of the Orchid Pub Group, including 173 predominantly freehold pubs and the Orchid head office. Stonegate Pub Company, which owns more than 600 pubs across the UK including those under the Yates's, Slug and Lettuce and Scream brands,… Stonegate-operated pubs sold in £28m deal 3 Jun 2014 National. The disposal of 333 Town and Community pubs to Stonegate Pub Company is announced. For slug and lettuce and yates press and media enquiries. A popular UK pub … Stonegate is an experienced managed pub operator, with a record of investing more than £350m into its estate since 2010, including £71m in 2018. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes while smaller businesses struggle. [5], In January 2016 the company began updating former TCG estate pubs and rebranding many of the venues to Slug & Lettuce. The Company provides street, student, and local community pubs, as well as traditional country inns and late-night bars. Stonegate Pub Company, the pub chain whose portfolio includes Yates and Slug and Lettuce, has bought 15 Maclay Group bars it was announced yesterday. The company also won five awards at last year’s Publican Awards, including Best Pub Employer, Best Managed Pub Company and Best Community Pub Operator. With that in mind, Stonegate Pub Company, which owns brands such as Slug & Lettuce, Be At One and Walkabout, is flogging pints for less than a quid up and down England. Stonegate Pub Company is the UK’s largest independent pub operator, in charge of more than 690 venues. Stonegate, the owner of bar chains Slug & Lettuce and Walkabout, will buy Ei, the 4000-strong pub group formerly known as Enterprise Inns, after a 285p a … Longbottom says that each one is invested in and each one has its place. It is owned by TDR Capital. Stonegate Pubs, which is backed by TDR Capital and owns chains Slug & Lettuce and Yates, swooped on Ei last year to create an industry giant with nearly 5,000 pubs and bars. After Maclay filed for administration in January 2015, there has been much discussion of the certainty of the pub chain’s future following the sudden news. There is an issue between Cloudflare's cache and your origin web server. We offer great choice and value for money for our customers - from varied drinks menus, to all the best sporting action, to pub quizzes and live music. [6]  It has 1270 sites within the managed division and 3457 leased and tenanted businesses. 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