Maclay Inns bought out of administration

Tue, 09 Jun 2015 | BUSINESS SALE

Maclay Inns has been bought out of administration by Stonegate, the business behind the Slug and Lettuce and Yates's brands.

Maclay has a portfolio of 15 pubs and inns across Scotland, but in January it was forced to appoint administrators from EY due to an “unexpected funding requirement”.

Stonegate is a larger operation with some 600 outlets across the UK and sought to purchase Maclay to strengthen its quality portfolio and presence north of the border.

Simon Longbottom, Stonegate's chief executive, commented: “The prudent reviewing and planning of our estate has enabled Stonegate to invest in a high quality, predominantly freehold business that further strengthens our portfolio within Scotland.

“We look forward to welcoming the teams in situ into the Stonegate family.”

The price on the sale has not been disclosed but the parties involved are said to be happy with the outcome and, given the strong interest from potential buyers during the three months for which EY operated the distressed Maclay, Stonegate are thought to have brought a competitive offer to the table.

During the distressed period of trading EY were able to keep the majority of the 500 strong workforce in their jobs.


View more businesses in administration and keep an eye out for new opportunities.


Share this article



Latest Businesses for Sale

Manned & Electrical Security Solutions
South East, UK

Provides an extensive range of manned and electrical security solutions, including manned dog patrols and CCTV installation. Established for nearly 20 years. Utilises an in-house 24-hour control room for monitoring and response. Offers invited.

Asking Price: Offers Invited
Turnover: £3,100,000

LEASEHOLD


Complete Package of Pearpoint Pipeline Inspection Equipment (Fast Sale)
UK Wide

Viewing: Anytime In Normal Office Business Hours. Closing From 12 Noon Thursday 20th June.

Asking Price: Offers Invited
Turnover: £300k - £1m

Products & Contracting Services
UK Wide

Project Lake carries out contracting services for soil and water erosion control and ecological restoration projects, also supplying some of its own products into these projects at a healthy profit margin. Project Lake has four distinct areas of rev...

Asking Price: Offers Invited
Turnover: £5,000,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Jun
 

Meat and poultry wholesaler goes under - business assets up for sale | ADMINISTRATION

Financial difficulties at a London-based meat and poultry di...

 
18
 
Jun
 

Administrators called in for West Midlands contractor | ADMINISTRATION

A contractor based in Aldridge, West Midlands has collapsed ...

 
17
 
Jun
 

Sheffield candle retailer enters administration | ADMINISTRATION

A shop retailing candle and gifts in Sheffield has collapsed...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
23
 
Apr
 

The Hut Group buys Christophe Robin haircare brand | BUSINESS SALE

British e-commerce firm The Hut Group (THG) has acquired Fre...

 
08
 
Mar
 

Fashion retailer LK Bennett enters administration | ADMINISTRATION

Premium fashion brand LK Bennett has fallen into administrat...

 
13
 
Dec
 

Harvard Technology Limited enters administration | ADMINISTRATION

A lighting company based in Normanton has been forced to eng...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources