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Vertu Motors secures financial backing

Vertu Motors, the 8th largest motor retailer in the UK, has secured a car finance deal worth £25m.

Vertu Motors, the 8th largest motor retailer in the UK, has secured a car finance deal worth £25m. The agreement is with Barclays Corporate and according to the Gateshead-based outfit; it will ensure the company’s future financial security.

Vertu Motors’ finance director Michael Sherwin said: “Barclays have been very supportive of our requirements and play an integral part in our plans for future growth.”

“With the new financial structure in place, we are now able to focus on further acquisitions. We intend to be pro-active in taking advantage of the opportunities the current climate presents.”

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