Vertu Motors (LON: VTU) is the topic of conversation when Mike Allen, Head of Research at Zeus Capital joins DirectorsTalk. Mike talks us through the results any key themes he noted, how this has impacted on the forecast and shares his thoughts on the company’s valuation.
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 123 sales outlets across the UK. Its’ dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.
The company was established in November 2006 with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group. The Group’s acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 120 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.