Vertu Motors
 | |
| Type | Public |
|---|---|
| LSE: VTU | |
| Headquarters | |
Key people | Robert Forester (CEO) |
| Website | VertuMotors.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, which was a car dealer based in Birmingham that started in the beginning of the 1900s for £38m cash, £9m of shares and assumed debt of £29m.[1] The company sponsors the Newcastle Eagles basketball team, with their home ground now called Vertu Motors Arena.
The company sells a variety of car marques under the names Vertu, Bristol Street Motors and Macklin Motors, the latter having been acquired by Vertu in Scotland in July 2010.[2][3] The company’s largest acquisition since its establishment with Bristol Street Motors was £31m to purchase the Yorkshire based dealerships Farnell Land Rover in May 2013.[4]
These were rebranded as Vetru Land Rover in 2021. The company also provides vehicle leasing for personal and business use under the brand Vertu Lease Cars.
References[]
- ^ "Scots dealers set pace for soaring profits at Vertu Motors". Herald Scotland. 16 October 2013. Retrieved 16 January 2015.
- ^ "Vertu buys Co-Op's Land Rover sites". Automotive Management. 21 May 2013. Retrieved 16 January 2015.
- ^ "Vertu Motors PLC VTU Completion of Macklin Motors Acquisition". Bloomberg. 1 July 2010. Retrieved 16 January 2015.
- ^ "Vertu Motors unveils acquisition". Financial Times. 22 May 2013. Retrieved 16 January 2015.
External links[]
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- Companies listed on the Alternative Investment Market
- Auto dealerships of the United Kingdom
- British companies established in 2006
- Retail companies established in 2006
- Motor vehicle company stubs