Vertu Motors

Vertu Motors plc has appointed Peter Nicholas as Group Property Director.

Peter joins from property and planning consultancy Rapleys and in his 20 years at the company, he provided specialist property advice across the motor retail sector.

In his role at Vertu Motors plc, Peter, a Chartered Surveyor, will focus on leases, rent reviews, valuations, acquisitions and disposals. He will also oversee the construction team.

Vertu Motors plc was formed in 2006 to acquire and consolidate UK motor retail businesses. It has grown to 160 sales outlets across the UK in 120 locations, with ambitious plans to further expand.

Macklin Motors, the trading name for Vertu Motors plc in Scotland, was recently awarded the Toyota franchise in the West of Scotland. The Group intends to develop four dealerships to cover this extensive territory, with the first dealership at Darnley, South Glasgow already open.

Peter said: “I am delighted to be joining a well-managed, expanding motor retail business.

“Vertu Motors plc has a significant portfolio of property, both owned and leased, with impressive plans to grow further. I am excited to be in a role where I can support these ambitions.”

Robert Forrester, Chief Executive of Vertu Motors plc, said: “Peter is a welcome addition to our senior team, whose experience and knowledge of the motor retail sector, particularly in relation to property, will be invaluable.”

ENDS

NEWS RELEASE: ISSUED ON BEHALF OF VERTU MOTORS

CONTACT: Caroline Walker on 01325 363436

Notes to Editors

Vertu Motors plc is the fifth largest automotive retailer in the UK with a network of 160 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu Motors and Macklin Motors brand names.

Vertu Motors plc 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 156 franchised sales outlets and 4 non-franchised sales operations from 120 locations across the UK.

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

Vertu Motors Group websites – investors.vertumotors.com / www.vertucareers.com
Vertu brand websites – www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk / www.vertumotorcycles.com / www.vansdirect.co.uk / www.thetaxicentre.com / www.powerbulbs.com