All the 80 Manchester pubs run by Stonegate chain in £2bn debt - full list
The UK's largest pub chain, which operates Slug and Lettuce bars and smaller venues, has revealed that it is grappling with £2.3bn in debt that it is struggling to refinance.
It has been a turbulent few years for the hospitality industry and in September of last year, Stonegate Pub Company announced plans to introduce surge pricing in a bid to cover rising costs, but in a recent business filing, it has emerged that its large pile of debt has created a “material uncertainty that casts doubt on the company’s ability to continue."
Reactions to the news that the UK's largest pub chain was facing issues servicing its debt were mixed, with some saddened by yet more bad news for the struggling hospitality sector, while others vented frustrations they had with the business. Manchester Evening News reader Steve said: "Deciding to charge people more for drinks at busy times worked out well then," while Laila said: "They shouldn’t have stopped doing the sharing platters, I can imagine that’s when their sales plummeted."
READ MORE: Slug and Lettuce chain's future in doubt over massive £2bn debt
Responding to our earlier story, David McDowall, CEO of Stonegate, said: “I am really pleased with the performance of the business in 2023, which included a sector-leading Christmas trading period. We have delivered a rise in revenue and a significant increase in profitability. Our all-round performance exemplifies the strength and depth of the Stonegate estate, with our outstanding Craft Union and L&T divisions continuing to lead the way.
"This is testament to the hard work of our people and partners, but also to the success of our on-going initiatives to increase profitability across our portfolio of brands and venue formats.
"Our performance gives me real confidence in the future and excitement in seeing our strategy come to fruition. Notably our asset optimisation plan which makes sure we have the right pub in the right location, further profit improvement initiatives, and above all our efforts to continue to support the Great British pub.
"With a summer of sport on the horizon, and the Euro’s and T20 World Cup fast approaching, we are looking forward to building on this momentum in the months ahead. We have been very clear that we continue to work towards achieving our long-term balance sheet goals, with the successful refinancing of a portion of our estate in December marking a significant strategic step towards this. We would also like to assure our valued employees and partners that venues are not at risk as a result of this process.”
Below is a breakdown of all of the pubs belonging to Stonegate in the areas around Greater Manchester
Manchester
The Lost Dene - 144 Deansgate, Manchester, M3 3EE
Be At One Manchester - 80 Deansgate, Manchester, M3 2ER
Slug And Lettuce Deansgate - 64-66 Deansgate, Manchester Deansgate, M3 2EN
Directors Box Manchester - 37 Booth Street, Manchester, M2 4AA
Popworld Manchester - 3a-5 Whitworth Street West, Manchester, M1 5LH
The White Lion - 43 Liverpool Rd, Manchester , M3 4NQ
Ark Manchester - 3a-5 Whitworth Street West, Manchester, M1 5LH
Oxnoble - 71 Liverpool Road, Manchester, M3 4NQ
Yates Manchester - 49 Portland Street, Manchester, M1 3LD
Yates Manchester Printworks - Unit 10 The Printworks, Manchester, M4 2BS
Slug And Lettuce Piccadilly - Westminster House, Manchester, M1 3HU
The English Lounge - 64-66 High Street, Manchester, M4 1EA
Via - 28/30 Canal Street, Manchester, M1 3EZ
Walkabout Manchester - Dantzic St, Manchester, M4 2AD
Crafty Pig Manchester = 4 Oldham Street, Manchester, M1 1JQ
The Brewers - 4 Canal St, Manchester, M1 3HE
The Waldorf - 12 Gore Street, Manchester, M1 3AQ
The Unicorn - 26 Church Street, Manchester, M4 1PN
The Bread Shed - 126 Grosvenor Street , Manchester, M1 7HL
The Flour and Flagon - 126 Grosvenor Street, Manchester, M1 7HL
Footage Manchester - Grosvenor Street, Manchester, M1 7DZ
Turing Tap Manchester - 421-423 Oxford Road, Manchester, M13 9WG
Beech Inn Chorlton-Hardy - 72 Beech Road, Manchester, M21 9EG
The Levenshulme - 959 Stockport Road, Manchester , M19 3NP
The Metropolitan - 2 Lapwing Lane, Manchester, M20 2WS
The Railway & Naturalist - 464 Bury New Road, Manchester, M25 1AX
The Beehive Inn - 145 Market Street, Manchester, M43 7AR
Slug And Lettuce Didsbury - 651 Wilmslow Road, Manchester, M20 6QZ
The Nelson - 3 Barlow Moor Road, Manchester, M20 6TN
Blind Pig Eccles - 204-206 Monton Road, Manchester, M30 9LJ
The Nags Head Hotel - 1 Lostock Road, Manchester, M41 0SU
The Edgar Wood - 34 Middleton Gardens, Manchester, M24 4DF
Oddfellows Arms - 191 Oldham Road Middleton, Manchester, M24 2LD
The Toll Point - 49 Stockport Road, Manchester, M34 6NB
Old Peg - 147 Hyde Road, Manchester, M34 3DW
The Victoria - 119 Ainsworth Road, Manchester, M26 4FD
Colliers Arms - 105 Sale Lane, Manchester, M29 8PA
The Lion - 23-25 Bolton Road, Manchester, M46 9JG
Salford
Slug And Lettuce Albert Square - G/F Heron House, Salford, M2 5HD
Slug And Lettuce Spinningfields - Unit 5 Block A Irwell Square, Salford, M3 3AN
Stockport
Egerton Arms - 2 St. Petersgate, Stockport, SK1 1HD
The King's Tap - 11-13 Station Road, Cheadle Hulme, SK8 5AF
The Royal Oak - 124 Castle Street, Stockport , SK3 9AL
Nook & Broom Bramhall - 9-11 Bramhall Lane South, Stockport, SK7 1AL
The Prince Albert - 107 Castle Street, Stockport, SK3 9AR
Bury
Sir Robert Peel - 97 Sunny Bank Road, Bury, BL9 8ES
The Bank - 20 Market Street, Bury, BL9 0AJ
The Old White Lion - 6 Bolton Street, Bury, BL9 0LQ
Sale
The Temple Inn - 103 Northenden Road, Sale, M33 2FE
Slug And Lettuce Sale - Unit 7 Waterside Plaza, Sale, M33 7BS
The Block & Gasket Sale - 11-13 School Road, Sale, M33 7XY
The Bulls Head Hotel - 2 Cross Street, Sale, M33 7AE
Buck Inn - 59 Green Lane, Sale, M33 5PN
The Vine - 133 Washway Road, Sale, M33 7UD
Warrington
The Cross Keys Hotel - 52 King Street, Knutsford, WA16 6DT
Barley Mow - 29 Old Market Place, Warrington, WA1 1QB
Slug And Lettuce Stockton Heath - Unit 1 & 2 Victoria Square, Warrington, WA4 6LG
Rose Inn - 128 Hood Lane, Warrington, WA5 1EJ
Oldham
Duke Of Edinburgh - 14 Market Street, Oldham, OL2 5QA
Black Horse - 241 - 245 Ripponden Road, Oldham, OL1 4HR
Coach & Horses - 1 Market Street, Oldham, OL2 8NR
Tameside
The Albion - 19 Market Place, Hyde, SK14 2LX
Jolly Carter - 1 Clarendon Place, Hyde, SK14 2ND
King William IV - 196 Talbot Road, Hyde, SK14 4HJ
The Beau Geste - 160 Katherine Street, Ashton-under-Lyne, OL6 7AE
Crown And Cushion - 57 Victoria Street, Hyde, SK14 4AW
Bolton
Britannia - 32-34 King Street, Bolton, BL4 7AF
Black Horse - 378 Bury Road, Tonge Fold, BL2 6DD
The Balmoral Hotel - 94 Bradshawgate, Bolton, BL1 1QQ
Yates Bolton - 36 - 38 Bradshawgate, Bolton, BL1 1DG
Popworld Bolton - 1st Floor, Bolton, BL1 1BS
The Elephant & Castle - 4-10 Deansgate, Bolton, BL1 1BR
Old Original Bay Horse - 206 Lee Lane, Bolton, BL6 7JF
Altrincham
Navigation - 122 Manchester Road, Altrincham, WA14 4PY
The Bricklayers Arms - 68 George Street, Altrincham, WA14 1RF
Wigan
Popworld Wigan - 1-3 King Street, Wigan, WN1 1DY
The Weavers Arms - 9-13 Lord Street, Leigh, WN7 1DP
Rochdale
Courtyard Rochdale - 10 Fleece Street, Rochdale, OL16 1ND
The Tim Bobbin - 3 Dale Street, Rochdale, OL16 3LH