Vertu Motors Plc (LON:VTU) are the topic of conversation when Zeus Capital head of research Mike Allen caught up with DirectorsTalk. Mike talks us through the key drivers that kept vertu in line with expectations their current trading patterns, the forecast for the company and valuation.
Vertu Motors Plc, the UK automotive retailer with a proven growth strategy, is the fifth 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. 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 122 franchised sales outlets and 3 non-franchised sales operations from 105 locations across the UK.