In 2006, Vertu Motors was started by Robert Forrester with the aim to acquire and consolidate motor retail companies. Today, those aims remain unchanged and its managing director sees no reason to stop growing the company and the brands it represents, with the Germans firmly in the expansion plan.
Vertu Motors has acquired another business to its network of dealerships after buying a Vauxhall dealership in Keighley.
Vertu Motors has acquired Dobies, which has a Vauxhall and Seat site in Carlisle, for an estimated consideration of £4.3 million.
Vertu Motors has acquired the business and certain assets of the Vauxhall dealership in Harrogate, Yorkshire of Nidd Vale Motors Limited, which is in administration for £0.8 million. No goodwill has been paid.
Vertu Motors has bought more Honda dealerships to become the brand's biggest UK retail partner.
Roy Rodgers has retired after 50 years in motor retail.
Vertu Motors will open its first premium brand car dealership in 2013.
Vertu Motors has seen pre-tax profits increase by 26.8% to £5.1 million in its interim results for the six months ended August 31, 2012.
Vertu Motors chief executive Robert Forrester highlighted the importance of the automotive retail industry ahead of the September plate change and spoke of how well the industry was performing under pressure as dealerships innovate.
The highly acclaimed Dale Carnegie Training Leadership Award, which recognises outstanding leadership and innovation in the field of human resources and training, has been presented to the head of a UK franchised dealer group.
Vertu Motors has acquired the trade and assets of three motor retail locations from Co-op Motors for an estimated £5.5m, of which £3.9m is to be deferred over three years with the balance being settled in cash from the group's existing resources.
Vertu Motors recent acquisitions are delivering profit to the acquisitive group.
The Co-Operative Motor Group has confirmed it is looking to reduce its network of 11 down to six locations.
Vertu Motors' Bristol Street Motors has been named the winner of this year’s best dealer group at the national Motability supplier awards.
Robert Forrester, Vertu Motors chief executive, has highlighted the importance of the motor retail industry to the UK ahead of the plate-change which starts on Saturday.
Several dealer groups have snapped up new sites ahead of the September plate-change and as the 2013 block exemption deadline looms.
North East Ford retailer Holiways has gone into administration.
Vertu Motors has added its sixth dealership with the Honda franchise.
At its Annual General Meeting (AGM) on 24 July, Vertu Motors outlined impressive growth in profits during the four-month period to 30 June 2012.
Vertu has opened its Bristol Street Motors Vauxhall brand centre in Chingford and has taken on 26 additional staff to operate the showroom.
