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 exchangeed 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 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 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.
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 - JLR Division
Jatinder is the Group Operations Director for the Jaguar Land Rover division which operates under the 'Farnell' trading name. He was previously the Operations Manager of the Farnell Land Rover group between 2005 and 2013 until the acquisition of the business by Vertu Motors PLC. Jatinder holds a degree in Automotive Engineering Design and has almost 20 years of experience with the Land Rover brand.
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.
Operations Director - Premium
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.
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.
Deputy Chief Financial Officer