UK’s biggest pubs group Stonegate struggles to refinance £2.2bn debt pile

Owner of 4,400 UK pubs including Slug & Lettuce chain says no guarantee it can continue as going concern

The UK’s biggest pubs and bars group has warned that there is no guarantee that it can continue as a going concern, as it struggles to refinance a £2.2bn debt mountain.

Stonegate Pub Company, which has a network of more than 4,400 UK pubs and bars including the Slug & Lettuce and Be At One chains, said it had not yet agreed new loans to replace debt due for repayment in June 2025.