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From Wikipedia, the free encyclopedia

Vertu Motors PLC
Public
Traded asLSEVTU
Founded2006 Edit this on Wikidata
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 November 2006. It is listed on the Alternative Investment Market. The company started trading by acquiring Bristol Street Motors 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.[1]

The company sells a variety of car marques under the Vertu, Bristol Street Motors, Farnell, and the name of Macklin Motors, a company acquired by Vertu in Scotland in July 2010.[2][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.

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Transcription

References

  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

This page was last edited on 21 March 2020, at 13:47
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