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Ex-Reg Vardy bosses float new business

Vertu Motors, started up by ex-Reg Vardy bosses Robert Forrester and Bill Teasdale, has joined the AIM market of the London Stock Exchange to start its acquisition trail to build a new dealer group.

Forrester, Vertu CEO and Teasdale, Vertu non-executive chairman, plan to acquire motor retail groups together with bolt-on dealerships.

In the first three years the new company is on the stock market, acquisitions will only include franchised dealerships and used car operations.

Immediate plans for the group include a priority focus on used car sales, development of its fleet and contract hire opportunities, development of an internet presence and the development of a used car warranty product.

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