Vertu Motors' remuneration strategy, and the pay and bonus structures within it, provides all colleagues who are undertaking the same job with an equal opportunity to earn in line with their contribution to the Company’s performance and/or their own personal performance. Following analysis of the underlying data and trends, the Company is confident that it does not have an equal pay issue. The Company’s approach to remuneration sets pay scheme structures, including basic salary and bonus levels, based on job title creating gender parity between individuals undertaking the same type role.
The Motor Retail sector has historically been male dominated, especially in relation to sales and management positions, and also structurally has a high proportion of men working in technical/mechanical vehicle technician roles. This higher distribution of males into higher skilled roles drives the sector's and the Company’s Gender Pay disparity. Over recent years we have made good strides towards a more gender balanced workforce with a higher proportion of technician and management roles being occupied by women. Internally developed talent programmes are also successfully progressing more women into management roles. Accordingly, progress is being made to close this gap over time.
| Stat Entity | Gender Pay Gap (%) Mean |
Gender Pay Gap (%) Median |
|---|---|---|
| Bristol Street Fourth Investments Limited | 19.51 | 17.92 |
| Bristol Street First Investments Limited | 22.85 | 14.58 |
| Vertu Motors plc | 64.51 | 32.83 |
| Vertu Motors (VMC) Limited | 12.21 | 16.20 |
| Grantham Motor Company Limited | 8.08 | 11.86 |
| Albert Farnell Limited | 19.59 | 16.86 |
| Vertu Accident Repair Limited | 28.11 | 21.64 |
| Vertu Motors (Continental) Limited | 19.09 | 8.96 |
| South Hereford Garages Trade Parts LLP* | 6.24 | 1.99 |
| Vertu Motors (Chingford) Limited* | 36.12 | 30.46 |
| Vans Direct Limited* | 54.61 | 45.05 |
| All Car Parts Limited* | 12.25 | -15.89 |
| Vertu Motors Third Limited* | 4.83 | 33.00 |
| Vertu Motors (Overall) | 23.36 | 17.20 |
*Under 250 heads, therefore, not reportable under the Gender Pay Gap regulations but added into the PLC Grand Total.
| Pay Quartile | Proportion of Men (%) | Proportion of Women (%) |
|---|---|---|
| Albert Farnell Ltd Upper | 88.24 | 11.76 |
| Albert Farnell Ltd Upper Middle | 82.18 | 17.82 |
| Albert Farnell Ltd Lower Middle | 62.38 | 37.62 |
| Albert Farnell Ltd Lower | 69.61 | 30.39 |
| Bristol Street First Investments Upper | 88.30 | 11.70 |
| Bristol Street First Investments Upper Middle | 86.79 | 13.21 |
| Bristol Street First Investments Lower Middle | 60.38 | 39.62 |
| Bristol Street First Investments Lower | 80.90 | 19.10 |
| Bristol Street Fourth Investments Upper | 86.74 | 13.26 |
| Bristol Street Fourth Investments Upper Middle | 84.35 | 15.65 |
| Bristol Street Fourth Investments Lower Middle | 66.74 | 33.26 |
| Bristol Street Fourth Investments Lower | 66.67 | 33.33 |
| Grantham Motor Company Upper | 80.58 | 19.42 |
| Grantham Motor Company Upper Middle | 83.01 | 16.99 |
| Grantham Motor Company Lower Middle | 65.05 | 34.95 |
| Grantham Motor Company Lower | 71.57 | 28.43 |
| Vertu Motors VMC Upper | 88.35 | 11.65 |
| Vertu Motors VMC Upper Middle | 85.29 | 14.71 |
| Vertu Motors VMC Lower Middle | 65.05 | 34.95 |
| Vertu Motors VMC Lower | 71.57 | 28.43 |
| Vertu Motors PLC Upper | 78.06 | 21.94 |
| Vertu Motors PLC Upper Middle | 53.55 | 46.45 |
| Vertu Motors PLC Lower Middle | 42.58 | 57.42 |
| Vertu Motors PLC Lower | 32.91 | 67.09 |
| Vertu Motors (Continental) Limited Upper | 87.37 | 12.63 |
| Vertu Motors (Continental) Limited Upper Middle | 82.11 | 17.89 |
| Vertu Motors (Continental) Limited Lower Middle | 63.68 | 36.32 |
| Vertu Motors (Continental) Limited Lower | 75.26 | 24.74 |
| Vertu Motors (Overall) Upper | 86.04 | 13.96 |
| Vertu Motors (Overall) Upper Middle | 81.36 | 18.64 |
| Vertu Motors (Overall) Lower Middle | 62.89 | 37.11 |
| Vertu Motors (Overall) Lower | 69.05 | 30.95 |
| Statutory Entity | Mean Gender Pay Gap (%) |
Median Gender Pay Gap (%) |
|---|---|---|
| Bristol Street Fourth Investments Limited | 14.66 | 54.50 |
| Bristol Street First Investments Limited | 11.99 | 66.83 |
| Vertu Motors plc | 38.60 | 46.16 |
| Vertu Motors (VMC) Limited | 13.10 | 51.89 |
| Grantham Motors Company Limited | 7.29 | 16.51 |
| Albert Farnell Limited | 12.93 | 74.30 |
| Vertu Motors (Continental) Limited | 10.14 | 48.14 |
| Vertu Accident Repair Limited | 5.83 | 71.58 |
| Vertu Motors (Overall) | 14.77 | 50.46 |
| Statutory Entity | Proportion of Males in Receipt of Bonus (%) | Proportion of Females in Receipt of Bonus (%) |
|---|---|---|
| Bristol Street Fourth Investments Limited | 80.17 | 65.52 |
| Bristol Street First Investments Limited | 75.12 | 66.67 |
| Vertu Motors plc | 67.48 | 51.32 |
| Vertu Motors (VMC) Limited | 79.62 | 53.41 |
| Grantham Motor Company Limited | 78.25 | 70.53 |
| Albert Farnell Limited | 73.49 | 53.61 |
| Vertu Motors (Continental) Limited | 77.08 | 61.90 |
| Vertu Accident Repair Limited | 84.62 | 72.22 |
| Vertu Motors (Overall) | 77.57 | 62.18 |
Proportion of males and female in each quartile pay band - shows the proportions of male and female employees in four quartile pay bands, which is done by dividing the workforce into four equal parts
| Pay band quartile | Male | Female |
|---|---|---|
| Lower quartile | 75% | 25% |
| Lower middle quartile | 71% | 29% |
| Upper middle quartile | 86% | 14% |
| Upper quartile | 93% | 7% |
I confirm that these published figures are an accurate account of our gender pay gap as at April 2022.
Matthew Barr
HR Director