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Vertu Motors PLC Gender Pay Report 2023

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.

Download 2023 report

Hourly Rate

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 Quartiles

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

Bonus Gender Pay Gap

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

Bonus Pay Distribution

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

During FY23 the Company acquired the Helston Motor Group. The data for this business is outlined below:

  • Mean gender pay gap* – 21.3% - this shows the difference between the mean (average) hourly rate of pay that male and female employees receive.
  • Median gender Pay gap* – 23.5% - this shows the difference between the median (midpoint) hourly rate of pay that male and female employees receive.
  • Mean bonus gender pay gap – 60.3% - this shows the difference between the mean (average) bonus pay that male and female employees receive.
  • Median bonus gender pay gap – 32.8% - this shows the difference between the median (midpoint) bonus pay that male and female employees receive.
  • Proportion of males receiving a bonus payment – 81.9%
  • Proportion of females receiving a bonus payment – 77.6%

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 quartileMaleFemale
Lower quartile75%25%
Lower middle quartile71%29%
Upper middle quartile86%14%
Upper quartile93%7%

I confirm that these published figures are an accurate account of our gender pay gap as at April 2022.

Matthew Barr

HR Director