vertu motors plc

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vertu motors plc Company Information

Share VERTU MOTORS PLC
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EstablishedMegaHealthy

Company Number

05984855

Registered Address

vertu house fifth avenue, team valley trading estate, gateshead, NE11 0XA

Industry

Sale of new cars and light motor vehicles

 

Activities of head offices

 

Telephone

03301781945

Next Accounts Due

August 2024

Group Structure

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Directors

Robert Forrester17 Years

Kenneth Lever8 Years

View All

Shareholders

undisclosed 100%

vertu motors plc Estimated Valuation

£10.1b

Pomanda estimates the enterprise value of VERTU MOTORS PLC at £10.1b based on a Turnover of £4b and 2.53x industry multiple (adjusted for size and gross margin).

vertu motors plc Estimated Valuation

£500.9m

Pomanda estimates the enterprise value of VERTU MOTORS PLC at £500.9m based on an EBITDA of £74.7m and a 6.7x industry multiple (adjusted for size and gross margin).

vertu motors plc Estimated Valuation

£1.2b

Pomanda estimates the enterprise value of VERTU MOTORS PLC at £1.2b based on Net Assets of £341.4m and 3.42x industry multiple (adjusted for liquidity).

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Vertu Motors Plc AI Business Plan

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Vertu Motors Plc Overview

Vertu Motors Plc is a live company located in gateshead, NE11 0XA with a Companies House number of 05984855. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in November 2006, it's largest shareholder is undisclosed with a 100% stake. Vertu Motors Plc is a established, mega sized company, Pomanda has estimated its turnover at £4b with healthy growth in recent years.

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Vertu Motors Plc Health Check

Pomanda's financial health check has awarded Vertu Motors Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £4b, make it larger than the average company (£35.7m)

£4b - Vertu Motors Plc

£35.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.4%)

9% - Vertu Motors Plc

3.4% - Industry AVG

production

Production

with a gross margin of 11.2%, this company has a higher cost of product (21.8%)

11.2% - Vertu Motors Plc

21.8% - Industry AVG

profitability

Profitability

an operating margin of 1.1% make it less profitable than the average company (4.2%)

1.1% - Vertu Motors Plc

4.2% - Industry AVG

employees

Employees

with 6719 employees, this is above the industry average (102)

6719 - Vertu Motors Plc

102 - Industry AVG

paystructure

Pay Structure

on an average salary of £40k, the company has an equivalent pay structure (£41.3k)

£40k - Vertu Motors Plc

£41.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £597.5k, this is more efficient (£394.8k)

£597.5k - Vertu Motors Plc

£394.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (26 days)

6 days - Vertu Motors Plc

26 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 64 days, this is slower than average (37 days)

64 days - Vertu Motors Plc

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 69 days, this is more than average (52 days)

69 days - Vertu Motors Plc

52 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (11 weeks)

5 weeks - Vertu Motors Plc

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 75.3%, this is a higher level of debt than the average (61.9%)

75.3% - Vertu Motors Plc

61.9% - Industry AVG

vertu motors plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Vertu Motors Plc Competitor Analysis

BETA
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Perform a competitor analysis for vertu motors plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.

vertu motors plc directors

Vertu Motors Plc currently has 8 directors. The longest serving directors include Mr Robert Forrester (Nov 2006) and Mr Kenneth Lever (Jun 2015).

officercountryagestartendrole
Mr Robert ForresterUnited Kingdom54 years Nov 2006- Director
Mr Kenneth Lever70 years Jun 2015- Director
Mrs Pauline BestUnited Kingdom60 years May 2016- Director
Mr Andrew Goss66 years Sep 2018- Director
Mr David CraneUnited Kingdom56 years Dec 2018- Director
Ms Karen AndersonUnited Kingdom52 years Mar 2019- Director
Mr Jonathan MewettUnited Kingdom56 years Oct 2023- Director
Mr David GillardUnited Kingdom61 years Jan 2024- Director

VERTU MOTORS PLC financials

EXPORTms excel logo

Vertu Motors Plc's latest turnover from February 2023 is £4 billion and the company has net assets of £341.4 million. According to their latest financial statements, Vertu Motors Plc has 6,719 employees and maintains cash reserves of £79 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover4,014,544,0003,615,052,0002,547,665,0003,064,530,0002,982,200,0002,796,068,0002,822,589,0002,423,279,0002,074,912,0001,684,532,0001,259,335,0001,088,262,000998,926,000760,810,000
Other Income Or Grants00000000000000
Cost Of Sales3,566,134,0003,179,632,0002,246,642,0002,730,473,0002,660,095,0002,488,360,0002,509,049,0002,160,000,0001,846,843,0001,492,335,0001,110,254,000958,635,000880,094,000671,680,000
Gross Profit448,410,000435,420,000301,023,000334,057,000322,105,000307,708,000313,540,000263,279,000228,069,000192,197,000149,081,000129,627,000118,832,00089,130,000
Admin Expenses406,418,000349,687,000269,393,000317,584,000293,092,000275,363,000281,466,000236,100,000206,384,000175,961,000143,938,000122,942,000112,545,00087,020,000
Operating Profit41,992,00085,733,00031,630,00016,473,00029,013,00032,345,00032,074,00027,179,00021,685,00016,236,0005,143,0006,685,0006,287,0002,110,000
Interest Payable10,842,0007,126,0009,405,0009,561,0003,957,0001,964,0003,981,0001,390,0002,365,000725,0001,189,0002,567,0002,462,0003,830,000
Interest Receivable1,300,000163,000174,000405,000276,00066,0001,727,000173,0001,678,000331,000108,0001,423,0002,089,0001,788,000
Pre-Tax Profit32,450,00078,770,00022,399,0007,317,00025,332,00030,447,00029,820,00025,962,00020,998,00015,842,0004,378,0005,541,0005,251,00068,000
Tax-6,917,000-18,770,000-6,084,000-4,330,000-4,796,000-5,766,000-5,800,000-5,282,000-4,459,000-3,414,000-989,000-508,000-1,227,000789,000
Profit After Tax25,533,00060,000,00016,315,0002,987,00020,536,00024,681,00024,020,00020,680,00016,539,00012,428,0003,389,0005,033,0004,024,000857,000
Dividends Paid6,003,0002,327,00006,122,0005,657,0005,678,0005,353,00002,895,0002,526,0001,296,000996,00000
Retained Profit19,530,00057,673,00016,315,000-3,135,00014,879,00019,003,00018,667,00020,680,00013,644,0009,902,0002,093,0004,037,0004,024,000857,000
Employee Costs268,489,000235,214,000176,571,000200,900,000192,928,000180,302,000180,304,000149,931,000130,246,000110,665,00089,789,00078,019,00071,416,00047,095,000
Number Of Employees6,7195,8705,7235,7035,3725,2715,2454,4914,0107,6353,0592,8222,5892,156
EBITDA*74,736,000117,294,00061,494,00045,255,00040,278,00042,673,00041,353,00034,540,00028,005,00022,199,0009,293,00010,838,0009,950,0004,454,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets408,366,000350,521,000334,062,000333,895,000231,292,000204,555,000199,429,000156,458,000138,156,000119,449,000107,110,00089,064,00076,439,00049,943,000
Intangible Assets129,876,000105,267,000101,140,000101,435,000114,877,00095,697,00096,113,00071,156,00052,772,00044,361,00022,585,00021,607,00021,569,00019,655,000
Investments & Other507,0000006,430,000000000081,0000
Debtors (Due After 1 year)3,188,0009,055,0006,246,0008,867,0000000000000
Total Fixed Assets535,054,000446,733,000435,202,000426,463,000346,169,000300,252,000295,542,000227,614,000190,928,000163,810,000129,695,000110,671,00098,008,00069,598,000
Stock & work in progress674,380,000475,027,000597,391,000639,177,000618,675,000558,386,000506,470,000530,371,000394,287,000334,452,000250,443,000208,436,000191,656,000155,698,000
Trade Debtors67,105,00040,200,00042,013,00050,579,00034,947,00043,011,00039,055,00035,655,00029,067,00019,491,00021,866,00017,432,00017,646,00013,619,000
Group Debtors00000000000000
Misc Debtors19,212,00011,639,00017,362,00021,141,00027,946,00023,261,00013,490,00027,757,00024,433,00023,480,00022,073,00010,816,00011,182,0006,172,000
Cash78,984,00083,793,00067,828,00040,839,00066,519,00041,709,00039,845,00043,915,00019,254,00036,948,0007,240,00012,859,00023,442,00012,907,000
misc current assets00001,324,0002,449,0000537,0001,866,0000006,630,00010,250,000
total current assets847,412,000610,659,000725,963,000752,153,000749,411,000668,816,000598,860,000638,235,000468,907,000414,371,000301,622,000249,543,000250,556,000198,646,000
total assets1,382,466,0001,057,392,0001,161,165,0001,178,616,0001,095,580,000969,068,000894,402,000865,849,000659,835,000578,181,000431,317,000360,214,000348,564,000268,244,000
Bank overdraft000000000000500,0000
Bank loan000000003,423,00002,000,0002,000,00002,000,000
Trade Creditors 630,451,000415,011,000602,780,000632,911,000639,577,000577,384,000529,181,000557,057,000399,147,000342,102,000259,022,000210,905,000199,481,000163,098,000
Group/Directors Accounts00000000000000
other short term finances29,821,00012,296,0006,582,00025,547,000012,811,00010,243,0006,756,00002,000,0001,251,000000
hp & lease commitments14,498,00014,132,00014,126,00014,071,0000000000000
other current liabilities141,620,000129,561,000100,136,00097,268,000115,674,00089,324,00084,976,00077,979,00067,674,00056,131,00038,707,00031,293,00033,612,00024,328,000
total current liabilities816,390,000571,000,000723,624,000769,797,000755,251,000679,519,000624,400,000641,792,000470,244,000400,233,000300,980,000244,198,000233,593,000189,426,000
loans386,956,000260,082,000286,498,000253,453,00087,200,00019,462,00020,568,00029,681,000613,0007,098,00025,684,00014,907,00018,606,00028,672,000
hp & lease commitments68,959,00074,698,00076,975,00082,823,0000000000000
Accruals and Deferred Income19,117,00013,023,0009,180,0000007,616,0006,078,0005,806,0006,934,0005,452,000000
other liabilities12,104,00011,447,0009,172,00010,294,00012,492,00015,354,00000000005,850,000
provisions00016,358,00015,188,000011,110,0008,900,0007,398,0008,098,0008,028,00015,964,00016,332,0002,866,000
total long term liabilities224,699,000154,511,000161,601,000145,446,00063,686,00025,131,00023,573,00026,198,0009,957,00014,569,00023,696,00015,540,00017,469,00021,619,000
total liabilities1,041,089,000725,511,000885,225,000915,243,000818,937,000704,650,000647,973,000667,990,000480,201,000414,802,000324,676,000259,738,000251,062,000211,045,000
net assets341,377,000331,881,000275,940,000263,373,000276,643,000264,418,000246,429,000197,859,000179,634,000163,379,000106,641,000100,476,00097,502,00057,199,000
total shareholders funds341,377,000331,881,000275,940,000263,373,000276,643,000264,418,000246,429,000197,859,000179,634,000163,379,000106,641,000100,476,00097,502,00057,199,000
Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit41,992,00085,733,00031,630,00016,473,00029,013,00032,345,00032,074,00027,179,00021,685,00016,236,0005,143,0006,685,0006,287,0002,110,000
Depreciation30,735,00031,023,00027,976,00013,433,00010,722,0009,714,0008,665,0006,803,0005,915,0005,670,0004,150,0003,860,0003,389,0002,344,000
Amortisation2,009,000538,0001,888,00015,349,000543,000614,000614,000558,000405,000293,0000293,000274,0000
Tax-6,917,000-18,770,000-6,084,000-4,330,000-4,796,000-5,766,000-5,800,000-5,282,000-4,459,000-3,414,000-989,000-508,000-1,227,000789,000
Stock199,353,000-122,364,000-41,786,00020,502,00060,289,00051,916,000-23,901,000136,084,00059,835,00084,009,00042,007,00016,780,00035,958,000155,698,000
Debtors28,611,000-4,727,000-14,966,00017,694,000-3,379,00013,727,000-10,867,0009,912,00010,529,000-968,00015,691,000-580,0009,037,00019,791,000
Creditors215,440,000-187,769,000-30,131,000-6,666,00062,193,00048,203,000-27,876,000157,910,00057,045,00083,080,00048,117,00011,424,00036,383,000163,098,000
Accruals and Deferred Income18,153,00033,268,00012,048,000-18,406,00026,350,000-3,268,0008,535,00010,577,00010,415,00018,906,00012,866,000-2,319,0009,284,00024,328,000
Deferred Taxes & Provisions00-16,358,0001,170,00015,188,000-11,110,0002,210,0001,502,000-700,00070,000-7,936,000-368,00013,466,0002,866,000
Cash flow from operations73,448,00071,114,00077,721,000-21,173,00082,303,0005,089,00053,190,00053,251,00019,942,00037,800,0003,653,0002,867,00022,861,00020,046,000
Investing Activities
capital expenditure-115,198,000-52,147,000-29,736,000-117,943,000-57,182,000-15,038,000-77,207,000-44,047,000-33,438,000-40,078,000-23,174,000-16,816,000-32,073,000-71,942,000
Change in Investments507,00000-6,430,0006,430,000000000-81,00081,0000
cash flow from investments-115,705,000-52,147,000-29,736,000-111,513,000-63,612,000-15,038,000-77,207,000-44,047,000-33,438,000-40,078,000-23,174,000-16,735,000-32,154,000-71,942,000
Financing Activities
Bank loans0000000-3,423,0003,423,000-2,000,00002,000,000-2,000,0002,000,000
Group/Directors Accounts00000000000000
Other Short Term Loans 17,525,0005,714,000-18,965,00025,547,000-12,811,0002,568,0003,487,0006,756,000-2,000,000749,0001,251,000000
Long term loans126,874,000-26,416,00033,045,000166,253,00067,738,000-1,106,000-9,113,00029,068,000-6,485,000-18,586,00010,777,000-3,699,000-10,066,00028,672,000
Hire Purchase and Lease Commitments-5,373,000-2,271,000-5,793,00096,894,0000000000000
other long term liabilities657,0002,275,000-1,122,000-2,198,000-2,862,00015,354,000000000-5,850,0005,850,000
share issue-10,034,000-1,732,000-3,748,000-10,135,000-2,654,000-1,014,00029,903,000-2,455,0002,611,00046,836,0004,072,000-1,063,00036,279,00056,342,000
interest-9,542,000-6,963,000-9,231,000-9,156,000-3,681,000-1,898,000-2,254,000-1,217,000-687,000-394,000-1,081,000-1,144,000-373,000-2,042,000
cash flow from financing120,107,000-29,393,000-5,814,000267,205,00045,730,00013,904,00022,023,00028,729,000-3,138,00026,605,00015,019,000-3,906,00017,990,00090,822,000
cash and cash equivalents
cash-4,809,00015,965,00026,989,000-25,680,00024,810,0001,864,000-4,070,00024,661,000-17,694,00029,708,000-5,619,000-10,583,00010,535,00012,907,000
overdraft00000000000-500,000500,0000
change in cash-4,809,00015,965,00026,989,000-25,680,00024,810,0001,864,000-4,070,00024,661,000-17,694,00029,708,000-5,619,000-10,083,00010,035,00012,907,000

P&L

February 2023

turnover

4b

+11%

operating profit

42m

-51%

gross margin

11.2%

-7.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2023

net assets

341.4m

+0.03%

total assets

1.4b

+0.31%

cash

79m

-0.06%

net assets

Total assets minus all liabilities

vertu motors plc company details

company number

05984855

Type

Public limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

70100 - Activities of head offices

incorporation date

November 2006

age

18

accounts

Group

ultimate parent company

None

previous names

norham house 1101 plc (November 2006)

incorporated

UK

address

vertu house fifth avenue, team valley trading estate, gateshead, NE11 0XA

last accounts submitted

February 2023

vertu motors plc Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 6 charges/mortgages relating to vertu motors plc. Currently there are 4 open charges and 2 have been satisfied in the past.

charges

vertu motors plc Companies House Filings - See Documents

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