Seven pubs offloaded as Maclay Inns seeks buyer
Administrators for Maclay Group, owns of Maclay Inns, have transferred seven pubs to LT Pub Management as they continue to seek a buyer for the rest of the business.
The Alloa-based company’s directors called in Colin Dempster and Gavin Yuill of EY on Friday.
Five licensed properties operate north of the border under a management contract.
In a statement issued today, Mr Yuill said: “Faced with an unexpected funding requirement, the directors of Maclay Group and its trading subsidiary Maclay Inns decided to call in administrators to protect the business and safeguard jobs.
“The contract for seven managed properties immediately transferred to LT Pub Management. EY will continue to trade the fifteen properties owned by Maclay Inns, plus the five managed properties as a going concern while a buyer is sought.
“The underlying business remains strong and we have received a number of expressions of interest as might have been expected given the esteem in which the brand is held.”
Properties owned by Maclay Inns Ltd (now traded by EY)
Abbey Inn, Barrhead Road, Paisley
The Bank, Clarkston Road, Glasgow
Braes, Perth Road, Dundee
Bull Inn, New Street, Paisley
East Port Bar, East Port, Dunfermline
The Inn, Station Road, Bearsden
Lansdowne Bar & Kitchen, Lansdowne Crescent, Glasgow
The Lee, St James’ Road, Townhead, Glasgow
Lorne Bar, Stevenson Street, Oban
The Rule, South Street, St Andrews
Southsider, West Richmond Street, Edinburgh
Three Judges, 141 Dumbarton Road, Glasgow
Tullie Inn, Balloch Road, Balloch, Loch Lomond
Village Inn, Arrochar,
West Port Hotel, West Port, Linlithgow
Properties managed by Maclay Inns Ltd (now managed by EY)
Clerk’s Bar, South Clerk Street, Edinburgh
The Hope, Waterloo Street, Glasgow
Munro’s, Great Western Road, Glasgow
The Raven, Renfield Street, Glasgow
The Wick, Main Street, Prestwick
Management contracts transferred to LT Pub Management
Canal Station, Stow Brae, Canal Street, Paisley
Clockwork Beer Co, Cathcart Road, Glasgow
Dog House, Balloch Road, Balloch
Dram, Woodlands Road, Glasgow
Laird & Dog, High Street, Lasswade, Midlothian
The Steading, Biggar Road, Hillend, Edinburgh
Wheel Inn, Angus Road, Scone, Perth
An earlier story below was posted on 23 January
One of Scotland’s traditional independent pub operators has called in administrators, putting jobs under threat.
Alloa-based Maclay Group has been in business since 1830 but said it had struggled to find a solution to ongoing financial difficulties.
The 15 pubs and bars remain profitable but administrators from Ernst & Young will now look for a buyer.
The company was founded by James Maclay in Alloa who in 1870 built the Thistle Brewery, which remained Maclay’s headquarters until 2001 when brewing ended. The company decided to focus on its pubs.
But pubs are closing at a rate of 29 a week and struggling against new drink-drive laws.