Vertu Motors AIM:VTU
- Founded
- 2006 · Gateshead, England
- Incorporated
- United Kingdom
- Chief executive
- Robert Forrester
- Employees
- 7,493
- Reports in
- GBP
- Companies House
- 05984855
One of the UK's largest automotive retailers, operating around 190 franchised dealerships under the Vertu, Bristol Street Motors and Macklin Motors brands, selling new and used vehicles with high-margin aftersales servicing. Consolidator in a fragmented sector trading at a discount to asset value.
Read straight from the annual reports
85.0p at close on 2 Oct 2026 · 12 reported years, 2015–2026
| Line | FY201502/15 | FY201602/16 | FY201702/17 | FY201802/18 | FY201902/19 | FY202002/20 | FY202102/21 | FY202202/22 | FY202302/23 | FY202402/24 | FY202502/25 | FY202602/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 4,686 | ||||||||||||
| Gross profit | vs 307.7 | ||||||||||||
| Operating profit | |||||||||||||
| Adjusted operating profit | vs 32.2 | later 56.2 | |||||||||||
| Exceptional items | — | — | vs (1.9) | vs 15.7 | later 0.16 | ||||||||
| Net finance cost | |||||||||||||
| Profit before tax | |||||||||||||
| Adjusted profit before tax | vs 23.0 | later 34.7 | |||||||||||
| Tax charge | |||||||||||||
| Profit for the year | |||||||||||||
| EBITDA | |||||||||||||
| Adjusted minus statutory PBT | |||||||||||||
| Basic EPS | |||||||||||||
| Diluted EPS | |||||||||||||
| Adjusted EPS | |||||||||||||
| Dividend per share | — | — | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
12 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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New car retail & Motability sales
Revenue £1,375.9m (FY25: £1,439.9m); like-for-like new retail volume growth of 2.1% vs UK private registration growth of 5.3%
page 24Used vehicle sales
Revenue £1,929.8m (FY25: £1,851.4m), largest revenue line; like-for-like volume growth 0.3%
page 24Aftersales mix growth
Aftersales gross margin rose to 44.4% (FY25: 43.7%) driven by service revenue growth and Pay Later uptake
page 25ZEV mandate / manufacturer discounting on new vehicles
Core Group new car gross profit reduced £8.7m; new vehicle margins under pressure from elevated Manufacturer discounting
page 24Trading profit for March and April 2026 was ahead of the prior year, with the Board encouraged by the Group's strong start to FY27, which supports confidence in delivering market expectations for the financial year despite continued sector and macro-economic headwinds.
page 20Subsequent to 28 February 2026, the Employee Benefit Trust purchased a further 4.3m shares for £2.6m (up to 30 April 2026), and the Board announced a further £12.0m share buyback programme running to 28 February 2027
page 31Policy targets dividend cover of 2.5 to 3.5 times adjusted diluted EPS. Interim dividend of 0.90p paid January 2026; final dividend of 1.15p proposed for AGM approval 24 June 2026 (total FY26: 2.05p vs FY25: 2.40p), covered 2.6 times by adjusted diluted EPS of 5.30p
page 31Directors prepared accounts on a going concern basis after reviewing 12-month financial projections and severe-but-plausible downside sensitivities against available facilities; PricewaterhouseCoopers LLP (18th year as auditor; audit partner Nicholas Cook) issued an unmodified/unqualified audit opinion, with Key Audit Matters covering carrying value of goodwill/intangibles/tangible assets, pension benefits, and revenue recognition (principal vs agent judgement)
page 68- UK new car market disruption and margin pressure from the ZEV mandate and elevated manufacturer discounting/incentive activityp.20
- Cyber-attack risk, evidenced by the JLR cyber-attack disruption experienced during the year (c.£3.9m gross profit impact)p.23
- FCA investigation into motor finance commission structures/disclosure and evolving Consumer Duty regulatory requirementsp.62
- Rising employment costs from National Minimum Wage and Employer's National Insurance increasesp.28
Read from C001378-AR-2026-ch.
11 annual reports read, FY2016 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (11)
FY2027Next report expected 19 May 2027