Vertu Motors
Car dealership group / From Wikipedia, the free encyclopedia
Vertu Motors PLC is a car dealership group established in 2006 in the United Kingdom. It is listed on the Alternative Investment Market. The company began trading in 2007 after acquiring Bristol Street Motors, a Birmingham-based car dealership, for £38 million cash, £9 million of shares and assumed debt of £29 million.[2]
Company type | Public |
---|---|
LSE: VTU | |
Founded | 2006 [1] |
Headquarters | |
Key people | Robert Forester (CEO) |
Website | VertuMotors.com |
The company sells a variety of car marques under the names Vertu, Bristol Street Motors and Macklin Motors, the last of which was acquired by Vertu in Scotland in 2010.[3][4] The company's largest acquisition since its establishment with Bristol Street Motors was the £31 million purchase of the Yorkshire-based dealership Farnell Land Rover in 2013.[5] They were rebranded as Vertu Land Rover in 2021.[6]
The company provides vehicle leasing for personal and business use under the brand Vertu Lease Cars.
In February 2023, TDR Capital acquired a 3.1% stake in Vertu Motors.[7]