 |
 |
|
|
|
 |
|
Since flotation in December 2006, the Group has established itself as a major player in the United Kingdom automotive retail sector. The Group is now the 8th largest motor retailer by turnover and operates over 50 franchised and 4 non-franchised operations across England and Scotland.
We have had a consistent strategy since flotation and this remains totally relevant for today’s economic environment. This strategy is to grow a scaled volume dealership group driving performance improvements through the implementation of consistent business processes and systems. The recruitment, development and retention of high performing motor retail professionals is of paramount importance and the company has developed its business model to ensure the culture of the Group is entrepreneurial and consistent with the encouragement of top performers.
The Group’s business strategy includes the development of internet and fleet channels as well as ensuring strong financial controls are in place to control costs and maximise cash generation. This strategy has led to the Group outperforming the market over the past two years since its first acquisition.
Our objective has been to enhance the experiences of our customers and, in turn, secure significant gains in market share. This has allowed the Group to deliver substantial benefits from our operational gearing and these benefits will accelerate as the United Kingdom economy improves over time.
Having successfully integrated the acquisitions undertaken in the past three years, we believe that the market conditions are right to support another period of expansion, again targeting volume franchises. A small number of new volume franchises are likely to be added to strengthen the Group’s portfolio balance. Expansion will predominantly take place in geographical areas where the Group already operates, in order to gain the benefits accruing from regional concentrations. We are also actively developing a new brand in Scotland (Macklin Motors) and have recently added several dealerships to the Group throughout the central belt of Scotland.
We are committed to building a sustainable, scalable business to deliver shareholder value. |
|
|
|
|
|
| |
Vertu Motors plc, Vertu House, Kingsway North, Team Valley, Gateshead, Tyne & Wear, NE11 0JH
|
Terms & Conditions |
|
|
|
