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Vertu Motors Plc

INTERVIEW: Vertu Motors Plc – Acquisition of Hughes Group Holdings Ltd

Vertu Motors Plc (LON:VTU) is the topic of conversation when Mike Allen head of Research at Zeus Capital talks to DirectorsTalk about the company’s recent acquisition of Hughes Group Holdings Ltd. Mike shares thoughts on the news, talks us through the financial aspects, explains if this has changed the forecast in any way and his thoughts on the company as an investment.

Vertu Motors Plc, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.

Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive 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 122 franchised sales outlets and 3 non-franchised sales outlets from 106 locations across the UK.

Vertu’s Mission Statement is to “deliver an outstanding customer motoring experience through honesty and trust.”