Vertu Motors plc was formed in 2006 to acquire and consolidate UK motor retail businesses. It was founded as a new entrant into the UK motor retail sector and is listed on the AIM market (UK:VTU).
The Vertu Motors Group operates a nationwide chain of over 180 franchised and non-franchised motor dealerships which offer sales, servicing, parts and bodyshop facilities for new and used cars and commercial vehicles. These dealerships fall under the trading names Vertu Motors, Bristol Street Motors and Macklin Motors.Specialising in premium and prestige vehicles, Vertu Motors represents some of the world's leading automotive brands, including: Audi, BMW, Honda, Jaguar, Kia, Land Rover, Mercedes-Benz, Mercedes-AMG, MINI, smart, Toyota and Volkswagen.
Bristol Street Motors originated over 100 years ago as a single Ford dealership located on Bristol Street in central Birmingham. It has since expanded to become a nationally recognised brand, which represents some of the world's most popular automotive manufacturers, including Citroen, CUPRA, Dacia, Ford, Hyundai, Mazda, MG, Nissan, Peugeot, Renault, SEAT, SKODA, and Vauxhall.
In 2010, Vertu Motors expanded into Scotland, where it trades under the Macklin Motors brand. You'll find Macklin Motors dealerships representing Ford, Hyundai, Kia, Mazda, Nissan, Peugeot, Vauxhall, and Toyota.
The Vertu Motors Group is the 4th largest automotive retailer in the United Kingdom, and has been awarded numerous accolades, including Best Customer Experience at the 2019 Auto Trader Retailer Awards, Motability Website of the Year and Group Contact of the Year in 2019, Best Used Car Online Sales Experience at the 2021 Used Car Awards and Social Media of the Year and Dealer Website of the Year in the franchised category at the Motor Trader Industry Awards 2022.
The Group was admitted to AIM (Alternative Investment Market) following an oversubscribed equity raise of £25m (£23.6 million after expenses).
The Group announced that it had exchanged contracts to purchase the entire share capital of the Bristol Street Group Limited for an estimated consideration of £31m cash and £9m of shares, to be placaed with the vendor. In addition, debt estimated at £29m was to be assumed.
The Group completed the acquisition of Bristol Street and concluded a further equity placing of £26m (£22.6m after finance and acquisition expenses).
The Group completed the acquisition of Blake Holdings Limited for an estimated consideration of £4.9m. The Blake's operation included a Vauxhall dealership in Chesterfield, a Vauxhall service centre in Matlock and Peugeot dealerships located in Chesterfield and Worksop.
The Group acquired four Honda car dealerships and one Honda motorcycle dealership in the East Midlands, through the purchase of the entire share capital of Grantham Motors Company Limited for a cash consideration of £4.6m. The dealerships acquired were located in Grantham, Lincoln, Boston and Retford.
The Group acquired the trade and assets of a Ford dealership in Morpeth, Northumberland from the Jennings Group for cash consideration of £2.6m.
The Group opened new greenfield site used car outlets in Doncaster and Darlington under the Bristol Street Motor Nation brand.
The Group completed a £30m placing, net of expenses, in order to fund a further dealership acquisition programme.
The Group purchased three dealership locations from the receivers of Brooklyn Motors plc at Redditch, Cheltenham and Worcester. This brought the Mazda franchise into the Group for the first time.
The Lichfield Vauxhall dealership is added to the Vauxhall portfolio, strengthening the Bristol Street Motors brand in its heartland of the West Midlands.
The acquisition of Darlington SEAT bringing the SEAT franchise to the Group for the first time.
A huge step for the Group as the first Scottish location opened with the acquisition of the Dunfermline Autocentre Ford car dealership.
The acquisition of a second Scottish dealership, Paisley Peugeot, saw the Scottish dealerships re-branded as Macklin Motors;the Group's brand for future dealership acquisitions in Scotland. This month also saw the relocation of Gloucester Renault from a dual franchise to a freehold property, to allow for growth in scale.
Further Macklin Motor dealerships added to the Group, with the acquisition of Ford and Mazda dealerships in Glasgow and Hamilton.
A second SEAT dealership is added to the Bristol Street Motors portfolio with a dealership in Derby.
The Group purchased a Peugeot dealership in Dunfermline.
The Group strengthened regional concentration in the North West with the acquisition of two franchised dealerships: Altrincham Nissan and Macclesfield Ford from Lookers plc.
The Group franchised its non-franchised Motor Nation used car operation at Darlington with the Nissan franchise.
The Group acquired the entire share capital of Patrick (Holdings) Limited. This company traded as Patricks of Durham, operating the Vauxhall franchise in Durham, Co Durham.
The acquisition of SEAT Barnsley brought the total number of SEAT dealerships to three.
Mazda Bristol was added to the growing portfolio.
The Group opened a Hyundai dealership in Peterlee. This represented the Group's fourth Hyundai dealership.
The Group opened a new Nissan dealership in Glasgow. This operation, situated adjacent to the Group's Glasgow Ford and Mazda operations, encompassed sales of electric vehicles, passenger and commercial vehicles in addition to a Nissan Sports Performance Centre selling the GTR and 370Z models. This was the Group's third Nissan dealership.
The Bristol Mazda dealership expanded and welcomed Chrysler Jeep to the Group.
The Group acquired the share capital of Widnes Car Centre (1994) Limited, which comprised of a Nissan dealership in Widnes, Cheshire, and a wheelchair accessible vehicle business based in Batley, West Yorkshire (rebranded Bristol Street Versa).
The Group acquired the trade and certain assets of a Vauxhall dealership in Northampton from W Grose Northampton Limited. This acquisition brings the number of Vauxhall dealerships operated by the Group to 11.
The Group acquired the trade and assets of two Ford dealerships in Durham and Hartlepool from Holiways Limited.
The Group acquired the trade and assets of a Suzuki dealership in Mansfield from Co-op Group Motors Limited and is the first Suzuki dealership in the Group's portfolio.
The Group expanded the Honda Division with the acquisition of the Doncaster Honda franchise contract from Pendragon. This represented the Group's seventh Honda dealership (including Honda Bikes).
The Group announced the acquisition of the trade and assets of three motor retail locations from Co-op Motors. The acquired sites added a further six franchised sales outlets to the Group's portfolio, with Nissan and Fiat in Derby, Nissan and Peugeot in Ilkeston and Nissan and Renault in Bradford.
The Group completed the acquisition of the Newcastle, Sunderland and Durham Springfield Honda business. This places the Group as the largest Honda dealer in the UK.
The Group acquired the entire share capital of Dobies (Carlisle) Limited which traded as a Vauxhall dealership in Carlisle, plus the business and certain assets of the SEAT outlet also operated by Dobies in Carlisle.
The Group announced the acquisition of the business and certain assets of the Vauxhall dealership in Keighley which had been operated by Walter C Brigg.
The Group opened its first Volvo dealership in Derby, branded Volvo Cars Derby.
The Group announced the acquisition of Farnell, which operates four outlets within the West Yorkshire region comprising three award winning Land Rover dealerships in Leeds, Bradford and Guiseley and one multi-franchise premium used vehicle outlet in Guiseley. The Farnell brand has represented Land Rover in West Yorkshire for 65 years.
The group announced the acquisition of two Volkswagen dealerships in Lincolnshire from Lookers plc.
The Group opened a new flagship SEAT dealership in Birmingham, located in a newly refurbished leasehold site.
The Group announced the acquisition of two Hyundai dealerships in Edinburgh from Phoenix Car Company Limited and Archers of Edinburgh Limited.
The Group acquired the entire share capital of Brookside (1998) Limited which operates three well established Volkswagen dealerships, two in Nottingham and one in Mansfield.
The Group acquired the trade and certain assets of a dealership in Sheffield, which operates two sales outlets representing Nissan and Volvo
The Group announced that it had acquired the entire share capital of Hillendale Group Limited, which operates a Land Rover dealership in Burnley, Lancashire and a Jaguar dealership in Bolton, Lancashire. These dealerships trade as Farnell Land Rover Nelson and Farnell Jaguar Bolton.
The Group opened a new Fiat Brand Centre in a recently acquired leasehold property, representing Fiat, Alfa Romeo and Jeep in Newcastle.
On 9 July 2014, the Group acquired a leasehold property in Silverlink, Newcastle which it opened on 18 September 2014 as the Group's first Infiniti dealership. This dealership is located 10 miles from the Nissan factory in Sunderland where the Infiniti Q30 model range is to be manufactured from next year. This dealership is the sole Infiniti sales outlet in the North East of England.
The Group announced that it has acquired the entire share capital of The Taxi Centre Limited and Easy Vehicle Finance Limited (together "the Taxi Centre") which source vehicles for private operators in the taxi sector. The business which operates across the United Kingdom is located in Paisley, Scotland.
The Group announced that it has acquired two Ford main dealerships in Bolton and Wigan, and two satellite operations in Walkden and Horwich, from Gordon's Ltd. This transaction increases the Group's representation with Ford to 22 outlets, consolidating its position as Ford's third largest partner in the UK.
The Group expanded its dealership network in West Yorkshire with the acquisition of Halifax Nissan from Lightcliffe Limited. This transaction increases the Group's representation with Nissan to 10 outlets consolidating the Group's position as one of Nissan's major UK partners.
The Group announced that it has acquired the business and assets of Bury Land Rover in Lancashire and has also exchanged contracts to acquire the business and assets of Bradford Jaguar in West Yorkshire. These acquisitions complement the Group's existing Land Rover and Jaguar dealerships in Nelson, Lancashire and across West Yorkshire, and further extend the Farnell brand.
On Friday 5th June, the group announced the acquisition of Darlington SKODA, our first SKODA dealership, situated adjacent to our successful Darlington Nissan operation. This will allow for both dealerships to grow their businesses and benefit from shared resources.
The Group announced that it has acquired the entire share capital of SHG Holdings Limited ("South Hereford") which operates well respected and established Audi, Volkswagen Passenger Cars and Volkswagen Commercials outlets in Hereford. All three businesses benefit from high customer service ratings and have strong aftersales businesses
On 1st December 2015 the Group announced that it has acquired the entire share capital of Who's Ace Holdings Ltd (AceParts) which operates a well-established online vehicle parts business (www.aceparts.com) headquartered in Sittingbourne, Kent.
Vertu Motors has acquired three Lookers Honda dealerships for approximately £2 milion, including goodwill of £0.2m. The acquisition takes Vertu's Honda network to 12 sites with the addition of the new locations in Nottingham, Derby and Stockton-on-Tees.
Vertu Motors announces acquisition of Gordon Lamb Group Limited for £18.7m. Gordon Lamb operates Toyota, Land Rover, SKODA and Nissan outlets in Chesterfield, as well as a SKODA outlet in Derby, and has been trading for more than 60 years.
Vertu Motors announces the acquisition of Hughes Group and its subsidiary Hughes of Beaconsfield for £21.8 million. Hughes has represented Mercedes-Benz for over 40 years, with outlets in Beaconsfield and Aylesbury - adjacent to Vertu Motors' existing Mercedes-Benz operations in Ascot, Reading and Slough. As well as the Mercedes-Benz dealerships, the acquisition includes SKODA in Aylesbury, Jeep in Beaconsfield and Peugeot in High Wycombe.
The Group announces the acquisition of online commercial vehicles retailer Vans Direct, for a total consideration of £7.5 million. The Vans Direct business has been the winner of the 'Best Van Leasing Broker' from the Leasing Broker Federation for the last three years (2016, 2017 and 2018).
Vertu Motors Plc Completes The Acquisition Of Helston Garages Group Limited
Vertu Motors plc Has Agreed To Acquire Helston Garages Group Limited
Vertu Motors plc celebrated a double success following the Motor Trader Industry Awards 2022, with wins in the Social Media of the Year and Dealer Website of the Year franchised categories.
£1 Million Investment Doubles Bristol Street Motors' Commitment In Harlow
Vertu Motors Acquires Historic Family-Run Motorcycle Business
Hamilton Motor Dealership Reopens After £1 Million Investment
£1 Million Investment At Slough Mercedes-Benz Dealership
The Taxi Centre Opens LEVC Taxi Business for Scotland and North East England
Jobs Created At New £5 Million Macklin Motors Edinburgh Dealership
Major Investment In Hamilton Car Retailer
Vansdirect Enters Trusted Supplier Agreement With Fleetmaxx Solutions
Bristol Street Motors Motornation Stockton Opens Following £500,000 Investment
Macklin Motors Invests In New Dunfermline Multi-Franchise Car Dealership
Macklin Motors has been awarded the Toyota franchise in the West of Scotland from 1 April 2022. The Group intends to develop four dealerships in the coming periods to cover this extensive territory, with the first dealership at Darnley, South Glasgow opening on 1 April.
£5million Macklin Motors Dealership Opens Its Doors In Edinburgh.
Bristol Street Motors Invests £250,000 To Bring Peugeot To Sunderland
Vertu Motors has expanded its East Midlands presence after completing a £9.2 million acquisition of two Toyota dealerships in Leicester and Loughborough from Farmer and Carlisle.
Bristol Street Motors Beaconsfield MG Opens Following A £100,000 Investment.
Bristol Street Motors has invested more than £300,000 in York as it opens a new Renault Dacia dealership at Clifton Moor Gate.
The Group acquired leading automotive lightbulb supplier, Powerbulbs, to operate alongside Ace Parts.
Vertu Motors grows the Bristol Street Motors offering, opening its first MG dealership in Carlisle.
Bristol Street Motors has acquired the Renault Dacia business in Leicester from Renault Retail Group UK Limited. The new dealership, the seventh Renault dealership in the Group, has been introduced at the Group's former Citroen dealership based on Raw Dykes Road.
Vertu Motors has invested £350,000 to offer a new destination for North East and North Yorkshire motorcycle enthusiasts. The site in Stockton will create six new jobs.
Vertu Motors plc acquired the Honda car dealership based on Leeds Road, Huddersfield from Hepworth Motor Group to grow its Yorkshire presence to 23 sites.
Macklin Motors welcomes a Motornation dealership to its Glasgow portfolio following a £1.5million investment in the new site.
Vertu Motors expands Yorkshire presence, with the acquisition of four Volkswagen dealerships from a trading subsidiary of Sytner Group Limited. The dealerships, located in Leeds, Huddersfield, Harrogate and Skipton, further builds the Group's Vertu Volkswagen brand, which now includes nine outlets.
Vertu Motors is pleased to announce the acquisition of the trade and assets of three franchises on a multi-franchise dealership in Edinburgh, from the administrators of Leven Cars Group Limited. The purchase of this Kia, Suzuki and Mitsubishi leasehold dealership represents further expansion of the Group's Macklin Motors brand in Scotland, complimenting 9 existing outlets comprising the Nissan, Ford, Mazda, Peugeot and Hyundai brands.
Vertu Motors plc added to its portfolio in Nottingham with the acquisition of the Kia Nottingham dealership from Sandicliffe. The transaction brought the number of outlets operated by the Group in Nottingham to nine.
Vertu Motors is delighted to announce the addition of the BMW, MINI and Motorrad franchises to the Group's portfolio after acquiring 12 dealerships from Inchcape. Vertu Motors now represents more manufacturers than any other automotive retail group in the UK and is the biggest in the North East.
Chief Executive Officer
Robert and a small number of colleagues founded Vertu in late 2006 through a cash shell float in AIM. It is now the fifth largest automotive retailer in the UK employing 6000 people. Prior to this, Robert was a Director of Reg Vardy plc between 2001 and 2006 where he held the roles of Finance Director and Managing Director. Robert qualified as a chartered accountant with Arthur Andersen after graduating from Oxford University, where he read Geography. He is a passionate Burnley FC supporter.
Chief Financial Officer
Karen was the Finance Director of the Group from 2006 to 2010 through its initial flotation and growth period, and has now stepped back into the Chief Financial Officer role from her role as Deputy CFO and Company Secretary. From 2001 to 2006 she was employed by Reg Vardy PLC, where she ultimately held the position of Group Financial Controller. Karen qualified as a chartered accountant with Arthur Anderson. She was also a Trustee Director of the Group's defined benefit pension scheme, the Bristol Street Pension Scheme from 2007 to 2019. Karen has a wealth of motor industry finance experience together with detailed knowledge of the operations of the Group, having helped to found the Company in 2006.
Chief Operations Officer
David was appointed as Commercial Director of the Group in February 2007 having been previously at Reg Vardy PLC since 1999. He was Commercial Director of Reg Vardy PLC between 2004 and 2006, until the sale of Reg Vardy PLC to Pendragon PLC in February 2006, at which point he was appointed Group Services Director of Pendragon PLC. Prior to his employment with Reg Vardy PLC he was Aftersales Operations Manager at Renault UK between 1991 and 1999. He was appointed to the position of COO in March 2016.
Non-Executive Director, Senior Independent Director and Chairman of the Audit Committee
Ken is a former partner of Arthur Andersen and has held senior executive director roles in many listed companies including Alfred McAlpine plc, Albright & Wilson plc and Tomkins plc. Ken was CFO of Numonyx in Switzerland from April 2008 to September 2010, and was CEO of Xchanging plc from June 2011 until December 2015. Ken is Chairman of Biffa plc and RPS Group plc and a Non-executive Director of Blue Prism plc and Gresham House Strategic plc. From 2007 to 2013, Ken was a Member of the Accounting Council of the Financial Reporting Council (formerly the UK Accounting Standards Board). Ken is highly experienced in public company boardrooms as well as PLC transactions and also brings technical financial experience to the Board and his role as Chair of the Audit Committee
Non-Executive Director and Chairman of the Remuneration Committee
Pauline is an experienced Human Resources professional who was the Global People and Organisation Director of Specsavers and whose previous roles include Global Leadership and People Capability Director for Vodafone and Human Resources Director of Talkland. Pauline's human resources and people experience is invaluable as Chair of the Remuneration Committee and she also brings that perspective to the Board.
Non-Executive Chairman & Chairman of the Nominations Committee
Andrew brings to the Group 39 years of experience in the automotive sector, having held senior roles in Citroen UK, Nissan Europe, Lexus (GB), Toyota (GB), Porsche and most recently Jaguar Land Rover. Between 2010 and 2013 Andrew headed Jaguar Land Rover's business in North America as its President and CEO, and between 2013 and 2018 he sat on the Jaguar Land Rover Board as Global Sales Operations Director. During this period he also represented Jaguar Land Rover in its joint venture interests in China and in its Spark 44 advertising agency.
Operations Director Honda, Kia and Toyota Division
Chris joined the motor industry as a Sales Executive in January 1996 after graduating from Nottingham Trent University having studied Hotel Catering and Institutional Management. Quickly progressing through the ranks of Sales Manager and becoming Group Sales Manager of four Honda dealerships across Lincolnshire by 2000. In June 2003 Chris was part of a Management buyout of Grantham Motor Company Limited acquiring the four Honda car dealerships and one motorcycle outlet. After a successful four years the business was then acquired by Vertu Motors PLC in June 2007. Chris has since then headed up the Honda Division for the company growing the business to a total of fourteen Honda dealerships across the UK. Outside of work Chris's main passions are basketball and travel.
Operations Director - Citroen & Vauxhall Division
Colin is the Director responsible for Vauxhall and Citroen operations at Vertu Motors PLC and has been with the company since its establishment in 2006. Colin started his career in banking, before changing industry and joining Reg Vardy PLC where he spent 16 years working his way up from General Manager to Franchise Director and finally Yorkshire Divisional Director covering several franchises.
Operations Director - Ford Division
Ian is the Group Operations Director responsible for Vertu Motors' Ford Businesses. Manchester based, Ian started his career with Quicks PLC, working in the Vehicle Sales side of the business, before moving into General Management. Through acquisition Ian has worked with CD Bramall, Pendragon PLC and joined Vertu Motors PLC in January 2008.
Operations Director - VAG and BMW/MINI Division
Mike was appointed Divisional Operations Director at Vertu Motors PLC in 2010 with a mandate to expand the company's portfolio. He started his career in the motor industry as a salesman for Reg Vardy PLC, working his way up to Manager, then General Manager before becoming a Operations Director with the company prior to its sale to Pendragon PLC. Following the purchase of Reg Vardy, Mike was appointed as the Managing Director of Evans Halshaw, a post he left in 2010 to join Vertu Motors.
Operations Director - Multi-Franchise and JLR Division
Operations Director - Renault and Nissan Division
Operations Director - Mercedes-Benz Division
General Counsel and Company Secretary
Nicola was previously a partner in the corporate team at Muckle LLP and joined Vertu Motors PLC in February 2015. She had acted for Vertu Motors since its incorporation in 2006 and advised on many of its acquisitions including the original fundraising and acquisition of Bristol Street Motors. She was the North East Corporate Lawyer of the Year in 2010 and 2013.
Chief Marketing Officer
As Chief Marketing Officer, Liz Cope oversees all the Group's marketing functions including PR, digital and off-line advertising, brand development and CRM including the operation of contact centres and web live chat. Liz has previously held a number of significant marketing roles for household names including Dyson and VAX and has a wealth of knowledge and experience in marketing, particularly of customer centric brand and digital marketing.
Chief Technology Officer
Bruce joined the Group in 2013 and was previously IT Director before being promoted to the newly created CTO role. Bruce now has a place on the Group’s CEO Committee and this role creation marks a further step change in the Group’s focus on technology strategy and the management bandwidth to deliver the Group’s strategic technology plans. As CTO Bruce will be responsible for Digitalisation developments including leading the 50 strong inhouse software and robotics development team, Data and cyber security including continued augmentation of the Group’s specialist unit in this area, IT operations providing IT hardware and connectivity to the Group’s sales and aftersales outlets and Data analytics.
Group Strategy Director
Group Sales Director