Friday, January 04, 2008
Strong start for Vertu
Vertu Motors praised its workforce for delivering a strong set of initial results.
Founded in November 2006, the group, which floated on the Alternative Investment Market in December, began trading under the Bristol Street name when it bought its 35 outlets for £40m in March 2007.
In its debut interim results – covering the period from 27 March to 31 August – Vertu reported like-for-like growth in new volumes in the Bristol Street dealerships of 8.4 per cent and used sales growth of 12.4 per cent.
Chief executive Robert Forrester, who formerly headed up Reg Vardy before Pendragon bought it in 2006, said: “The staff are crucial. We could not achieve our objectives without a first class team.”
DATED: 04.01.08
FEED: MT
