Vertu Motors plc was formed in late 2006 to acquire and consolidate UK motor retail businesses. It was founded as a new entrant into the UK motor retail sector and is listed on the AIM market (UK:VTU). The Vertu Motors group operates a nationwide chain of franchised motor dealerships offering sale, servicing, parts and bodyshop facilities for new and used car and commercial vehicles.
The group operates many of its dealerships as Bristol Street Motors. Bristol Street Motors originated nearly 100 years ago as a single Ford dealership located on Bristol Street in central Birmingham. Since those early days the business has grown to become one of the largest automotive retail brands in the UK. The Group also operates a number of Premium franchise dealerships such as Volvo, Volkswagen, Land Rover, Audi, Mercedes-Benz and Jaguar and is the largest operator of Honda dealerships in the UK. In 2010 Vertu Motors expanded into Scotland, trading under the Macklin Motors brand. The group is now the 6th largest motor retailer in the United Kingdom and was awarded the Motor Trader Dealer Group of the Year award in 2008 and was Best Dealer Group in the 2012 Motability Supplier Awards.
From a single dealership to over 120 locations across the UK, Vertu Motors Plc has come a long way. Click the button below to reveal our exciting history.
Robert is the CEO of Vertu Motors PLC, the 6th largest automotive retailer in the UK. He was previously a director of Reg Vardy PLC between 2001 and 2006, appointed as Finance Director in 2001 and Managing Director in 2005, until the sale of the business to Pendragon PLC in 2006. Robert qualified as a chartered accountant with Arthur Andersen. He is also a member of the Economic Growth Board of the Confederation of British Industry and Vice-President of the Automotive Fellowship International, as well as a keen supporter of Burnley FC.
Michael has extensive retail, transactional and public market experience. From 1999 to 2008, Michael was Group Finance Director of Games Workshop Group PLC, a FTSE listed consumer goods company. Michael is a qualified Chartered Accountant having trained with Price Waterhouse, where he held positions in the UK, Paris and Sydney. He was also Non-Executive Director of Plusnet plc, an AIM listed internet business, from 2004-2007.
David was appointed Commercial Director of Vertu Motors (Retail) Limited in February 2007. He joined Reg Vardy PLC in 1999 and was Commercial Director of Reg Vardy PLC between 2004 and 2006, until the sale of Reg Vardy PLC to Pendragon PLC in February 2006, at which point he was appointed Group Services Director of Pendragon PLC. During his time as commercial director, David was responsible for Aftersales strategy, relationships with vehicle manufacturers and commercial relationships with key corporate customers. Prior to his employment with Reg Vardy PLC he was Aftersales Operations Manager at Renault UK between 1991 and 1999.
Peter Jonesí extensive industry background includes being Commercial Director of Rover Cars UK, CEO of the automotive group C D Bramall, and Commercial Director at Inchcape Retail, joint owner of Bramall & Jones Limited and CEO of Lookers plc from 2009 to 2013. Until 2016 he was Chairman of the automotive retail representative body, the National Franchise Dealer Association.
Nigel was previously CEO of Lex Autolease, the UKís largest contract hire and leasing group. He has also been a Non- Executive Director of multiple organisations including Motability Operations Group PLC and Universal Salvage PLC. Nigel is also currently Non- Executive Director at Prohire PLC, Merrion Fleet Management Ltd and APD R&D Ltd.
Ken brings a wealth of City, technology and finance experience to the Group. He is an ex-partner of Arthur Andersen and has held senior executive director roles in many listed companies including Alfred McAlpine PLC, Albright & Wilson PLC and Tomkins PLC. Ken was CFO of Numonyx in Switzerland from April 2008 to September 2010, and has been CEO of Xchanging PLC since June 2011. Ken is a Non-Executive Director of FM International. From 2007 to 2013, Ken was a Member of the Accounting Council of the Financial Reporting Council.
Pauline has over 30 years of Human Resources experience and has worked as Global People and Organisation Director of Specsavers Optical Group having joined them in 2008. Between 1996 and 2007, Pauline held a number of HR roles at Vodafone Group PLC including Global Leadership and People Capability Director and prior to this was the HR Director at Talkland International (UK) Ltd.
Andrew brings to the Group 39 years of experience in the automotive sector, having held senior roles in Citroen UK, Nissan Europe, Lexus (GB), Toyota (GB), Porsche and most recently Jaguar Land Rover. Between 2010 and 2013 Andrew headed Jaguar Land Roverís business in North America as its President and CEO, and between 2013 and 2018 he sat on the Jaguar Land Rover Board as Global Sales Operations Director. During this period he also represented Jaguar Land Rover in its joint venture interests in China and in its Spark 44 advertising agency.
The Company has established a Operations Board, comprising Robert Forrester, Michael Sherwin and members of the groupís executive management, including the operational subsidiary directors in charge of each division.
The Operations Board is responsible for the day to day management of the groupís business other than certain reserved matters, and reports to the board on its activities. It meets at least ten times a year.
Chris joined the motor industry as a Sales Executive in January 1996 after graduating from Nottingham Trent University having studied Hotel Catering and Institutional Management. Quickly progressing through the ranks of Sales Manager and becoming Group Sales Manager of four Honda dealerships across Lincolnshire by 2000. In June 2003 Chris was part of a Management buyout of Grantham Motor Company Limited acquiring the four Honda car dealerships and one motorcycle outlet. After a successful four years the business was then acquired by Vertu Motors PLC in June 2007. Chris has since then headed up the Honda Division for the company growing the business to a total of fourteen Honda dealerships across the UK. Outside of work Chris's main passions are basketball and travel.
Karen was appointed Finance Director of Vertu Motors PLC in January 2007, moving to the position of Company Secretary in 2010. Prior to this she joined Reg Vardy PLC in 2002 and was appointed Group Financial Controller in 2004. Karen was responsible for financial management issues and acquisition due diligence over this period. Following the sale of Reg Vardy PLC to Pendragon PLC, Karen was involved in forming the financial management structure of the enlarged group. Karen qualified as a chartered accountant with Arthur Andersen.
Colin is the Director responsible for Vauxhall and Citroen operations at Vertu Motors PLC and has been with the company since its establishment in 2006. Colin started his career in banking, before changing industry and joining Reg Vardy PLC where he spent 16 years working his way up from General Manager to Franchise Director and finally Yorkshire Divisional Director covering several franchises.
Ian is the Group Operations Director responsible for Vertu Motorsí Ford Businesses. Manchester based, Ian started his career with Quicks PLC, working in the Vehicle Sales side of the business, before moving into General Management. Through acquisition Ian has worked with CD Bramall, Pendragon PLC and joined Vertu Motors PLC in January 2008.
Jatinder is the Group Operations Director for the Jaguar Land Rover division which operates under the ĎFarnellí trading name. He was previously the Operations Manager of the Farnell Land Rover group between 2005 and 2013 until the acquisition of the business by Vertu Motors PLC. Jatinder holds a degree in Automotive Engineering Design and has almost 20 yearsí experience with the Land Rover brand.
Nicola was previously a partner in the corporate team at Muckle LLP and joined Vertu Motors PLC in February 2015. She had acted for Vertu Motors since its incorporation in 2006 and advised on many of its acquisitions including the original fundraising and acquisition of Bristol Street Motors. She was the North East Corporate Lawyer of the Year in 2010 and 2013.
Mike was appointed Divisional Operations Director at Vertu Motors PLC in 2010 with a mandate to expand the companyís portfolio. He started his career in the motor industry as a salesman for Reg Vardy PLC, working his way up to Manager, then General Manager before becoming a Operations Director with the company prior to its sale to Pendragon PLC. Following the purchase of Reg Vardy, Mike was appointed as the Managing Director of Evans Halshaw, a post he left in 2010 to join Vertu Motors.
As Chief Marketing Officer, Liz Cope oversees all the Groupís marketing functions including PR, digital and off-line advertising, brand development and CRM including the operation of contact centres and web live chat. Liz has previously held a number of significant marketing roles for household names including Dyson and VAX and has a wealth of knowledge and experience in marketing, particularly of customer centric brand and digital marketing.
The Company has established an Audit Committee, chaired by Ken Lever and comprising Ken Lever, Nigel Stead and Andrew Goss, all Non-Executive Directors. The Audit Committee is responsible for making recommendations to the Board on the appointment of the auditors and the audit fee, for reviewing the conduct and control of the annual audit and for reviewing the operation of internal financial controls. It also has responsibility for seeking to ensure the proper reporting of the financial performance of the Company and for reviewing financial statements prior to publication.Click here to view the Terms of Reference for the Audit Committee
The Company has established a Remuneration Committee, chaired by Pauline Best and comprising Peter Jones, the Non-Executive Chairman, Ken Lever, Pauline Best, Nigel Stead and Andrew Goss, all Non-Executive Directors. It is responsible for setting the scale and structure of the remuneration of Executive Directors and approving their service agreements. The Remuneration Committee also determine the award of share options. It is a rule of the Remuneration Committee that a Director shall not participate in discussions concerning his/her own remuneration.Click here to view the Terms of Reference for the Remuneration Committee
The Company has established a Nominations Committee, chaired by Peter Jones and comprising Peter Jones, the Non-Executive Chairman, Ken Lever, Pauline Best, Nigel Stead and Andrew Goss, all Non-Executive Directors. The Nominations Committee is responsible for reviewing the composition of the Board and identifying and nominating candidates for the Board for Board approval. It meets at least once a year.Click here to view the Terms of Reference for the Nominations Committee
The Company has established an Executive Committee, which comprises Robert Forrester and Michael Sherwin. The Executive Committee is responsible for determining the levels of fees and other benefits of Non-Executive Directors and approving any letter of appointment entered into by the Company with any Non-Executive Director. It meets at least once a year.
The Company has established a Compliance Committee, chaired by Michael Sherwin and comprising various members of the groupís executive management team together with a previous non-executive director, Bill Teasdale.
The Compliance Committee is responsible for ensuring and monitoring the groupís compliance with laws and regulations including the Financial Conduct Authorityís requirements but excluding health & safety and environmental. It meets at least ten times a year.
The Company has established a Health & Safety Committee, chaired by Robert Forrester and comprising various members of the groupís executive management.
The Health & Safety Committee is responsible for ensuring and monitoring the groupís compliance with health & safety and environmental laws and regulations, and aims to place safety of colleagues and customers at the centre of the groupís activities. It meets at least ten times a year.