Member Article

Gateshead automotive retailer make double appointment

Gateshead-based automotive retailer, Vertu Motors plc, have made a double announcement today, revealing a change of Nomad and appointment of a new Joint Broker.

Vertu, who have a network of 111 sales and aftersales outlets across the UK, have appointed Liberium Capital Limited as Nomad and Financial Adviser.

In addition, Zeus Capital Limited has been appointed Joint Broker alongside Liberium Capital Limited’s already existing Joint Broker role.

Vertu, who are now the sixth largest automotive retailer in the UK, have also announced that they will release half year results on 15 October 2015.

The company was established in November 2006 with the strategy to consolidate the UK motor retail sector.

It is intended that Vertu will continue to acquire motor retail operations to grow a scaled dealership group.

Moreover, the group’s acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network.

Vertu currently operates 110 franchised sales outlets and 1 non-franchised sales operation from 89 locations across the UK.

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