Are Stonegate in financial trouble?

Stonegate Pub Company, best known as the owner of the Slug & Lettuce and Be At One chains, suffered a £214m loss for the year to October 2024 after the cost of servicing its debt pile rose from £301m to £455m. Debt costs grew far faster than sales across its almost 4,500 pubs.

What's happening with Stonegate?

The UK's largest pub company is believed to be preparing for job cuts amid rising cost pressures. It comes after The Telegraph reported Stonegate had brought on restructuring specialists AlixPartners in recent months to advise on up to 150 job cuts across its head office and central functions.

Is Stonegate looking to sell 1000 pubs to pay off debt?

Stonegate Group is looking to sell off around 1,000 of its pubs in order to pay down some of its £2.6bn debt pile, according to a report by Bloomberg. The business, which acquired Ei Group for c. £1.3bn just before the pandemic hit – making it the largest pub company in the UK – is now ready to scale back its c.

What is the financial performance of Stonegate?

Following its results for the 53 weeks ended 29 September 2024, Stonegate Group has said last year "once again demonstrated the resilience of the Great British Pub". Total revenue for the period across the group was £1,747m, compared to £1,719m generated in last year's figures.

Is Stonegate a good company?

Stonegate Group (UK) has an employee rating of 3.3 out of 5 stars, based on 27 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Stonegate Financial

How much is Stonegate in debt?

Stonegate has more than £3bn of debt in total and paid more than £300m in finance costs last year, including £235m of interest on its loan notes.

Does Stonegate own Wetherspoons?

Later that year, Stonegate exchanged on a package of ten JD Wetherspoon pubs and acquired the Walkabout owner Intertain, adding a further thirty sites to its portfolio.

What is Stonegate's credit rating?

Fitch Ratings - London - 11 Aug 2025: Fitch Ratings has downgraded Stonegate Pub Company Limited's Long-Term Issuer Default Rating (IDR) to 'CCC+' from 'B-', and Stonegate Pub Company Financing 2019 plc's senior secured debt rating to 'B' from 'B+' with a Recovery Rating of 'RR2'.

Which company owns the most pubs in the UK?

Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed.

How much do Stonegate pubs pay?

Stonegate Pub Company pay FAQs

The average Stonegate Pub Company hourly pay ranges from approximately £5 per hour (estimate) for a Barr staff to £13,107 per hour (estimate) for a Stocker.

What happens when a pub goes into liquidation?

An Insolvency Practitioner will act as the liquidator and take control of the business. They will sell the assets of the pub and use the money they raise to repay your creditors. They will then strike the pub off the Companies House register any debts it cannot repay will be written off.

Do Stonegate own Be At One?

Stonegate plans to operate Be At One as a standalone, eighth format with its wider portfolio of c. 700 predominantly high street pubs and bars. All of the operational management team and Head Office staff will be retained.

Who is the HR director of Stonegate group?

Tim Painter - HR Director at Stonegate Pub Company Limited | LinkedIn.

Does Stonegate own Walkabout?

Walkabout is an Australian themed pub and restaurant chain in the United Kingdom, owned by Stonegate Pubs since December 2016.

Is 721 a good credit rating?

Your score falls within the range of scores, from 670 to 739, which are considered Good. The average U.S. FICO^® Score^Θ , 714, falls within the Good range.

Is Enterprise Inns Stonegate?

Ei Group plc was headquartered in Solihull, West Midlands. It was listed on the London Stock Exchange until it was acquired by Stonegate Pub Company in March 2020.

Who owns Slug and Lettuce?

The chain has gone through a number of owners throughout its history, and is currently owned by the Stonegate Pub Company, based in Luton, Bedfordshire.

How much debt is Stonegate pub group in?

It has lost hundreds of millions of pounds while straining under the weight of a near-£3bn debt pile while higher taxes levied on employers by the Chancellor this year have added to pressures.

Who is Scott Griffith Stonegate Capital?

Scott Griffith is the Chief Executive Officer at Stonegate Capital Partners based in Dallas, Texas. Previously, Scott was the Vice President at Smith Barney and also held positions at Donaldson, Lufkin & Jenrette.

What is the turnover of Stonegate Pub Company?

Stonegate Group, the UK's largest pub-owning company, has reported rising revenue of £1.75bn in its annual financial results, despite slimming down its estate over the last year.

Who owns the most pubs in the UK?

Stonegate (4,470)

All the pubs were managed houses. A seismic change came in 2020 when Ei Group was bought for £1.27bn, making Stonegate the largest pub company in the UK with 1,270 managed pubs and, as a result of the Ei purchase, 3,200 leased and tenanted businesses.

How much does Tim Martin own of Wetherspoons?

As of February 2023, Martin owned 30.77m shares (23.90% of shares).

Is Slug and Lettuce Stonegate?

Stonegate Group's investment in Slug & Lettuce is part of a wider growth strategy focused on shaping the business for the future, ensuring each site is operating in the format best suited to its location and market.