Vertu Motors

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Vertu Motors PLC
Public
Traded asLSEVTU
Headquarters
Fifth Avenue Business Park Fifth Avenue Gateshead
Key people
Robert Forester, CEO
WebsiteVertuMotors.com

Vertu Motors PLC is a car dealership group based in the United Kingdom, which was established in 2006. It is listed on the Alternative Investment Market. The company started trading by acquiring Bristol Street Motors[1] in March 2007, a Birmingham based dealer that started in the beginning of the 1900s, for GB£31m cash, £9m of shares, and assumed debt of £29m.

The company sells a variety of car marques under the Vertu, Bristol Street Motors, Farnell[2] and Macklin Motors name, a company acquired by Vertu in Scotland in July 2010.[3] The company's largest acquisition since its establishment with Bristol Street Motors was GB£31m, to purchase the Yorkshire based dealerships Farnell Land Rover in May 2013.[4]

The company also provides vehicle leasing for personal and business use under the brand Vertu Lease Cars.

References[edit]

  1. ^ "Scots dealers set pace for soaring profits at Vertu Motors". Herald Scotland. 16 October 2013. Retrieved 16 January 2015.
  2. ^ "Vertu buys Co-Op's Land Rover sites". Automotive Management. 21 May 2013. Retrieved 16 January 2015.
  3. ^ "Vertu Motors PLC VTU Completion of Macklin Motors Acquisition". Bloomberg. 1 July 2010. Retrieved 16 January 2015.
  4. ^ "Vertu Motors unveils acquisition". Financial Times. 22 May 2013. Retrieved 16 January 2015.

External links[edit]