It is no surprise that Stonegate is owned by a private equity group, TDR capital. April 26, 2020. in News. )[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. As well as Yates, it also owns the Slug and Lettuce chain, among others. Stonegate is a managed pub company and has a national estate of over 765 operating outlets. 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. 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. We believe pubs play a vital role in the lives of their customers and we are committed to nurturing this. [2], The company was formed in 2010 by private equity firm TDR Capital, after it purchased 333 pubs from Mitchells & Butlers. [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. This marks the Stonegate Pub Company’s … Stonegate acquired a portion of the Bramwell pubs in 2013 (78 of 185). Stonegate Pubs. 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. The company has paid no corporation tax in the UK citing “exceptional costs” which included buying other businesses and bonuses. [5], In January 2016 the company began updating former TCG estate pubs and rebranding many of the venues to Slug & Lettuce. 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. 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, which owns more than 600 pubs across the UK including those under the Yates's, Slug and Lettuce and Scream brands,… Stonegate-operated pubs … [5], In 2017 the company acquired the Sports Bar & Grill concept (2017), and in 2018, Be At One and fifteen Novus Leisure 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. Cloudflare Ray ID: 613b80b81cd30f42 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. The owner of Slug & Lettuce, Walkabout and Yates has used the government’s furlough scheme despite being based in a tax haven. [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. Our scale and expertise allows us to support, invest and add value to pubs throughout England and Wales. 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. [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 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 is the UK’s largest independent pub operator, in charge of more than 690 venues. Stonegate currently owns 760 pubs. Nick Light, managing director of Ei Publican Partnerships, said: “Our approach is … The Company provides street, student, and local community pubs, as well as traditional country inns and late-night bars. A popular UK pub … Stonegate Pub Company is one of the UK's largest pub companies with over 700 sites. Stonegate is a managed pub company and has a national estate of over 765 operating outlets. STONEGATE PUB COMPANY LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity 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”. Longbottom says that each one is invested in and each one has its place. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, is using public money to furlough its workers despite being based in a tax haven. 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 … 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. by Jack Peat. The buyout places Stonegate, which owns pub chains including the Slug & Lettuce, in London transport hubs for the first time. 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 … 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. [6]  It has 1270 sites within the managed division and 3457 leased and tenanted businesses. Stonegate, which owns UK pub company Ei Group, has launched a multimillion pound support package for its tenants to help them to reopen and … 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. Tel: 020 8605 3544 . Stonegate Pub Company - which owns the … 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. • To take part in the Stonegate Pub Challenge, showcasing the next big thing in food and drink, please complete this form. As a result, the web page can not be displayed. Cloudflare monitors for these errors and automatically investigates the cause. 2014. We acquired the majority of the Orchid Pub Group, including 173 predominantly freehold pubs and the Orchid head office. [4], In August 2013, Stonegate acquired thirteen Living Room sites from Premium Bars & Restaurants. The disposal of 333 Town and Community pubs to Stonegate Pub Company is announced. Four Welsh pubs look set to be forcibly being sold off because of a multi-billion pound merger between two huge groups. 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. This drew negative attention due to the company's Cayman Islands registration. Stonegate Pubs, which owns Slug & Lettuce, Walkabout and Yates, has used government schemes while smaller businesses struggle. ⚠️ Read our coronavirus live blog for the latest news & updates For slug and lettuce and yates press and media enquiries. 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 Pub Company. However, the Be At One investments are larger because of their premium nature. We are the largest portfolio manager of pubs in the UK, with around 4,500 properties. Stonegate Pub Company Limited owns and operates pubs and bars. Cloudflare monitors for these errors and automatically investigates the cause. 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