Pub chain could call last orders

Tue, 27 Jan 2015 | BUSINESS SALE

A historic Scottish pub chain has called in administrators to find a buyer for its 15 pubs.

Maclay Inns operates 15 pubs across Scotland, including the East Port Bar in Dunfermline, Braes in Dundee and The Rule in St Andrews. The firm has had to call in administrators EY after being hit with an unspecified charge.

Around 560 jobs are at risk while EY administrators Colin Dempster and Gavin Yuill look for a potential buyer.

The Alloa-based Maclay Group has been in business since 1830, and is one of Scotland’s longest-running brewer and pub chains. Its Thistle Brewery was established in 1870, and continued as the group’s headquarters right up until 2001 when they decided to focus on the pub portfolio.

A statement from the firm read: “In recent months the directors have been seeking a strategic solution to the financial pressures facing the business.

“In light of a solution not emerging in the time available, the directors took this decision in order to protect the employment of its 500 staff and the business which remains profitable.

The statement added that EY would now be in control of looking for a sale of the business.

_____________________________________________________________________
Related information:
Contact the administrators


Share this article



Latest Businesses for Sale

MOT Test and Repair Station
Leicester, Leicestershire, UK Wide

Retirement sale - Albion Street Garage The owners are seeking to sell this MOT testing and repair business and rent the premises which they own to the new proprietor. Albion street garage has a very good reputation and is situated in a resident...

Asking Price: £80,000
Turnover: £71,000

FREEHOLD


Day Spa
Manchester, UK Wide

A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.

Asking Price: £315,000
Turnover: £600,000

LEASEHOLD


Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249

FREEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Apr
 

Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...

 
18
 
Apr
 

Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

 
17
 
Apr
 

Financial planning firm acquired by global counterpart | BUSINESS SALE

An independent financial advisory from Newcastle has been sn...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
27
 
Mar
 

Yorkshire vineyard up for sale | BUSINESS SALE

An award-winning vineyard in Yorkshire has been brought to m...

 
08
 
Mar
 

Fashion retailer LK Bennett enters administration | ADMINISTRATION

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

 
12
 
Jan
 

North East furniture manufacturer has entered administration | ADMINISTRATION

Godfrey Syrett, which describes itself as a “true Brit...

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