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 … Stonegate Pub company was established in 2010 to acquire 333 pubs from Mitchells & Butlers. Ei owns 4,000 pubs. [2], Stonegate's managed pubs division is split into branded and traditional (unbranded) pubs. 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 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. Our scale and expertise allows us to support, invest and add value to pubs throughout England and Wales. 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. However, the Be At One investments are larger because of … In June 2015, a further fifteen sites were acquired from Scottish pub, bar and hotel operator, Maclay Inns, and later that same year Stonegate acquired 53 pubs from Tattershall Castle Group (TCG) including the Henry's Café Bar and Tattershall Castle brands. Stonegate, which also owns pub … The pub company who run Slug and Lettuce, Yates and Walkabout brands are set to add another 4,000 pubs to their portfolio in a deal worth £1.27billion. Tel: 020 8741 5900. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes while smaller businesses struggle. Stonegate PCL Stonegate Pub Company Limited owns and operates pubs and bars. We established Stonegate in 2010 to acquire 333 pubs from Mitchells & Butlers plc and from this platform grew the estate through acquisitions to over 770 pubs. Branded pubs are Slug & Lettuce, Walkabout, Be At One,[8] and venues (including Popworld and Fever. This drew negative attention due to the company's Cayman Islands registration. by Jack Peat April 26, 2020 Company status Active Company type Private limited Company Incorporated on … We are the largest portfolio manager of pubs in the UK, with around 4,500 properties. Stonegate Pub Company has also expanded rapidly in recent years, acquiring 48 establishments from Be At One and Novus Leisure in July 2018. This marks the Stonegate Pub Company’s … The buyout places Stonegate, which owns pub chains including the Slug & Lettuce, in London transport hubs for the first time. Four Welsh pubs look set to be forcibly being sold off because of a multi-billion pound merger between two huge groups. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes while smaller businesses struggle. Please include the Ray ID (which is at the bottom of this error page). Performance & security by Cloudflare. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. [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. [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. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. 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. 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. [2], The company was formed in 2010 by private equity firm TDR Capital, after it purchased 333 pubs from Mitchells & Butlers. “With Brexit uncertainty driving lower domestic consumer spending within the UK, share prices for pubs and bars have fallen since the 2016 referendum. 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 . 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 … Email: [email protected] For all other press and media enquiries. “They wouldn’t survive with us if they weren’t successful.” Stonegate generally spends £200,000 to £250,000 renovating a pub or bar. 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 Pub Company Limited owns and operates pubs and bars. 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. The Company provides street, student, and local community pubs, as well as traditional country inns and late-night bars. As a result, the web page can not be displayed. Cloudflare monitors for these errors and automatically investigates the cause. Stonegate is a managed pub company and has a national estate of over 765 operating outlets. The company sprang to life five years ago when private equity firm TDR Capital acquired an estate of 333 pubs from hospitality group Mitchells & Butlers. Stonegate acquired a portion of the Bramwell pubs in 2013 (78 of 185). Cloudflare monitors for these errors and automatically investigates the cause. 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. Stonegate currently owns 760 pubs. We design great pubs - we decorate to the highest of standards, creating welcoming places you'll want to spend time in. 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. 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. [5], In January 2016 the company began updating former TCG estate pubs and rebranding many of the venues to Slug & Lettuce. We acquired the majority of the Orchid Pub Group, including 173 predominantly freehold pubs and the Orchid head office. Stonegate is a managed pub company and has a national estate of over 765 operating outlets. A real feeling of home from home. Stonegate Pub Company is one of the UK's largest pub companies with over 700 sites. The company has paid no corporation tax in the UK citing “exceptional costs” which included buying other businesses and bonuses. 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 … Stonegate, which owns UK pub company Ei Group, has launched a multimillion pound support package for its tenants to help them to reopen and … [4], In August 2013, Stonegate acquired thirteen Living Room sites from Premium Bars & Restaurants. 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 operates only managed pubs, under brands including Slug and Lettuce, Walkabout and Yates. “They wouldn’t survive with us if they weren’t successful.” Stonegate generally spends £200,000 to £250,000 renovating a pub or bar. 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. This is quickly followed by the purchase of 22 Ha Ha Bar & Grill businesses, which paves the way for more conversions to the hugely successful All Bar One and Browns 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. A popular UK pub … Stonegate currently owns 760 pubs. The owner of Slug & Lettuce, Walkabout and Yates has used the government’s furlough scheme despite being based in a tax haven. We are the largest portfolio manager of pubs in the UK, with around 4,500 properties. 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 . Tel: 020 8605 3544 . 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. 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. As well as Yates, it also owns the Slug and Lettuce chain, among others. • The buyout places Stonegate, which owns pub chains including the Slug & Lettuce, in London transport hubs for the first time. There are 80 pubs in the chain, predominantly situated in London, South East England and the Midlands, but also elsewhere in England, Scotland, Wales and the Isle of Man. The head office is based in Luton, UK, and the company is registered in the Cayman Islands. Photograph: Peter Nicholls/Reuters Our scale and expertise allows us to support, invest and add value to pubs throughout England and Wales. The disposal of 333 Town and Community pubs to Stonegate Pub Company is announced. We believe pubs play a vital role in the lives of their customers and we are committed to nurturing this. For slug and lettuce and yates press and media enquiries. The owner of Slug & Lettuce, Walkabout and Yates has used the government’s furlough scheme despite being based in a tax haven. Happy people make happy pubs. There is an issue between Cloudflare's cache and your origin web server. • Please include the Ray ID (which is at the bottom of this error page). 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. The company was formed in 2010 by private equity firm TDR Capital, after it purchased 333 pubs from Mitchells & Butlers. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes despite being based in the Cayman Islands. 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. Public Land Registry files show the council owns the freehold title to the pub and its huge car park. Additional troubleshooting resources. As a UK business, fully paying UK tax, we have every right to access government assistance". 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 has strengthened its property portfolio in the capital through the acquisition of the Sports Bar & Grill concept, bringing its estate up to 703 sites. [5], In 2017 the company acquired the Sports Bar & Grill concept (2017), and in 2018, Be At One and fifteen Novus Leisure sites. 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. 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 … 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. However, the Be At One investments are larger because of their premium nature. Stonegate operates only managed pubs, under brands including Slug and Lettuce, Walkabout and Yates. ⚠️ Read our coronavirus live blog for the latest news & updates 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. 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. )[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. Stonegate Pub Co owns 772 pubs, including the Slug & Lettuce, Walkabout and Yates brands. EIG, formerly Enterprise Inns, owns over 4,000 pubs across England and Wales. Stonegate Pub Company - which owns the … Stonegate Pubs. Pub group Stonegate, which owns Be At One and Slug & Lettuce, has bought out the Ei Group in a deal worth £3 billion. 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. The Company provides street, student, and local community pubs, as well as traditional country inns and late-night bars. Our goal is to deliver fantastic customer experiences. Longbottom says that each one is invested in and each one has its place. The head office is based in Luton, UK, and the company is registered in the Cayman Islands. The Company provides street, student, and local community pubs, as well as traditional country inns and late-night bars. Cloudflare Ray ID: 613b80b81cd30f42 Stonegate Pub Company is the UK's largest pub company. 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. 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. 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. Longbottom says that each one is invested in and each one has its place. 2014. We have a passion for craft beer and love to push the boat out so that we get only the tastiest and most interesting craft ales. At the Craft Union Pub Company, our philosophy is about putting brilliant pubs back at the heart of local communities. There is an issue between Cloudflare's cache and your origin web server. Stonegate Pub Company, the pub chain whose portfolio includes Yates and Slug and Lettuce, has bought 15 Maclay Group bars it was announced yesterday. At Craft Pubs, we push to be a forward-thinking and innovative real ale pub. Later that year, Stonegate exchanged on a package of ten JD Wetherspoon pubs and acquired Walkabout owner Intertain, adding a further 30 sites to its portfolio. 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. by Jack Peat. 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. [7], During the 2020 coronavirus pandemic, Stonegate furloughed 16,500 workers under a UK job retention program. A Stonegate spokesperson said "Last year Stonegate paid over £300m in tax in the UK. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes while smaller businesses struggle. To take part in the Stonegate Pub Challenge, showcasing the next big thing in food and drink, please complete this form. Your IP: 69.197.175.202 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 … 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. Our goal is to deliver fantastic customer experiences. Stonegate Pub Company Stonegate Pub company was established in 2010 to acquire 333 pubs from Mitchells & Butlers. Pub group Stonegate, which owns Be At One and Slug & Lettuce, has bought out the Ei Group in a deal worth £3 billion. 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”. 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. April 26, 2020. in News. [1] It is owned by TDR Capital. 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. It is no surprise that Stonegate is owned by a private equity group, TDR capital. Stonegate Pub Company is the UK’s largest independent pub operator, in charge of more than 690 venues. Nick Light, managing director of Ei Publican Partnerships, said: “Our approach is … 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, … [5], In January 2019, Stonegate acquired Bar Fever Ltd (Fever Bars) – 32 venues: 29 bars, including Fever Boutique, Zinc and Moo Moo, as well as three Bierkellar Bavarian pubs and a further six sites from Novus Leisure. 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 Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes despite being based in the Cayman Islands. It is owned by TDR Capital. However, the industry has remained attractive, playing a prominent role in M&A. 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