Stonegate Pub Company

Stonegate Pub Company
Industry Hospitality
Headquarters Grand Cayman, Cayman Island
Key people
 Simon Longbottom (Chief Executive)
Brands Scream
Slug and Lettuce
Tattershall Castle
Henry's Café Bar
Yates's
Missoula
Social Squirrel
Flares
Popworld
The Living Room
Retro
Sports Bar & Grill
Walkabout
Be at one
Owner TDR Capital
Website www.stonegatepubs.com

Stonegate Pub Company is a British pub company with 660 pubs and bars.[1][2]

History

The Auctioneer (now The Lost Hour), an unbranded Stonegate pub in Greenwich, London.

The company was formed in 2010 by private equity firm TDR Capital, after it purchased 333 pubs from Mitchells & Butlers. 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 privately held managed pub operator in the UK and acquiring the Yates's and Slug and Lettuce brands in the process.[3][4][5]

In April 2013, the company announced a debt issuance via Morgan Stanley, allowing the equity investors to refinance existing debt and release cash from the company for their own purposes.

In November 2015, Stonegate acquired 53 pubs from Tattershall Castle Group (TCG) including the Henry's Café Bar and Tattershall Castle brands. In January 2016 the company began a programme to update the former TCG estate pubs and re-brand many of the venues to Slug and Lettuce to further develop the brand. In June 2015 it was reported that Stonegate Pub Company had bought 15 pubs owned by MacLay Inns (A former brewing company based in Alloa, Clackmannanshire, Scotland) from administration.[6]

The Stonegate Pub Company is registered in the Cayman Islands[7], a well-known location for tax avoidance purposes.[8]

Brands

The company operates the Walkabout (pub chain), Scream, Slug and Lettuce, Yates's, Sports Bar & Grill, Common Room,[9][10] Henry's Café Bar, Missoula and Social Squirrel[11] brands as well as numerous unbranded pubs.They are also rolling out the Popworld Brand across the UK replacing some of the old Flares and Reflex Estate.[12]

In 2018 Stonegate Pubs started a new brand called Retro opening up the very first one in Newcastle-Upon-Tyne replacing Label.

See also

References

  1. ↑ Stonegate Pub Company
  2. ↑ Publicans Morning advertiser
  3. ↑ TDR Capital
  4. ↑ Stonegate Pub Company to merge with Town & City
  5. ↑ Publican's Morning Advertiser
  6. ↑ "Pub firm Maclay acquired by Stonegate". HeraldScotland. Retrieved 2017-10-28.
  7. ↑ "STONEGATE PUB COMPANY LIMITED". CompaniesHouse. Retrieved 2018-07-03.
  8. ↑ Rogoff, Natasha Lance (19 February 2004). "Tax me if you can. Haven or Havoc?". pbs.org.
  9. ↑ MorningAdvertiser.co.uk. "Stonegate's Common Room concept set to grow". MorningAdvertiser.co.uk. Retrieved 2017-01-24.
  10. ↑ "Stonegate Corporate Site". www.stonegatepubs.com. Retrieved 2017-01-24.
  11. ↑ Social Squirrel
  12. ↑ Stonegate Pub Company
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