TWO Paisley pubs could close, a union has warned. 

GMB claimed that almost 50 Stonegate venues across the country are at risk of shutting down after the company issued a profit warning.

However, in a statement, Stonegate assured their employees that no venues are at risk of closure.

They own two venues in Paisley - The Abbey Inn on Barrhead Road and The Bull Inn on New Street.

Nadine Houghton, GMB national officer, said: "TDR bosses are private equity gamblers- playing fast and loose with people’s jobs and lives. 

“When their risky ventures go wrong, they swan off to their next project, leaving workers and communities to pick up the pieces. 

“Now, dozens of much-loved pubs across Scotland are in serious danger of pulling their last pint. 

“It’s a disgrace.” 

A Stonegate spokesperson said: “We are 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. 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 employees and partners that no venues are at risk as a result of this process.

“TDR Capital has been and continues to be a supportive investor in Stonegate - developing the business over the last fourteen years into the UK’s largest pub company with 4,500 great venues across the country.”