01 - Pat beef cubes dry with paper towels and season with salt and black pepper.
02 - Heat 1 tablespoon vegetable oil in a large Dutch oven over medium-high heat. Brown beef in batches, adding more oil if needed. Remove beef and set aside.
03 - Reduce heat to medium and add onions, carrots, parsnips, and celery. Sauté 5 to 6 minutes until softened.
04 - Stir in minced garlic and tomato paste and cook for 1 minute until fragrant.
05 - Sprinkle flour over vegetables and stir well to evenly coat.
06 - Add browned beef along with any accumulated juices back into pot.
07 - Stir in potatoes, bay leaves, thyme, beef stock, Worcestershire sauce, and malt extract syrup, scraping the bottom of the pot to deglaze.
08 - Bring to a gentle simmer, reduce heat to low, cover, and cook for 2 hours, stirring occasionally until beef is tender.
09 - Adjust seasoning with salt and pepper as desired. Remove bay leaves prior to serving.