Leading Scottish bar operator calls in administrators

raven glasgow

Leading Scottish bar and pub operator Maclay Group has called in administrators because of financial pressures facing the business.

The Alloa-based company, which owns and manages outlets across Scotland and employs about 500 people, continues to trade while joint administrators from corporate restructuring specialist EY seek a buyer.

Maclay dates back to 1830 and was a leading Scottish brewer until 2001 when it ceased making beer to focus on its bars and pubs. It has continued to invest in new bars such as The Raven (pictured) in Renfield Street, Glasgow, which was launched last year, specialising in craft beer and barbecue-style food.

Maclay now owns 15 bars, pubs and restaurants, including Lansdowne Bar & Kitchen in Glasgow and Southsider in Edinburgh, and manages another five under contract including The Raven as well as The Hope and Munro’s in Glasgow. These are now being run by EY’s administrators.

The management contract for a further seven pubs and bars has transferred to LT Pub Management, a completely separate company.

Gavin Yuill, who was appointed joint administrator with Colin Dempster, said: “Faced with an unexpected funding requirement, the directors of Maclay Group plc and its trading subsidiary Maclay Inns Ltd 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 15 properties owned by Maclay Inns Ltd, 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.”

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