Vertu Motors (VTU): Surplus property disposals

This situation live

VTU Vertu Motors

£264m · 86.8p · +45% since the first step

5 Mar 2026 · £1.8m received; £3.5m exchanged · +8% until the next step The transaction is expected to complete on 16 March 2026 delivering a reduction in gearing.

13 May 2026 · FY27 disposals started; Glasgow delayed · +35% since Glasgow disposal, announced in Pre-close Trading update as expected to complete in March is delayed.

Disposal of a part (break-up)

Surplus property disposals

FY27 disposals started; Glasgow delayed

Next: complete delayed Glasgow disposal

Every step · 2

5 Mar 2026 £1.8m received; £3.5m exchanged – The transaction is expected to complete on 16 March 2026 delivering a reduction in gearing. ↗
13 May 2026 FY27 disposals started; Glasgow delayed – Glasgow disposal, announced in Pre-close Trading update as expected to complete in March is delayed. ↗

What is happening

Vertu Motors: Surplus property disposals – FY27 disposals started; Glasgow delayed. ['FY27 disposals started; Glasgow delayed']

In short: Vertu sells surplus freehold properties at premiums to book value. FY26 brought £5.1m of cash proceeds, sold at an aggregate £0.6m premium. FY27 has already seen £1.5m of disposals, but the Glasgow sale expected to complete in March is delayed.
Announced: 5 Mar 2026 · £1.8m received; £3.5m exchanged
Latest: 13 May 2026 · FY27 disposals started; Glasgow delayed
FY26 proceeds: £5.1m cash, at aggregate £0.6m premium to book value
FY27 to date: £1.5m disposed at £0.5m premium to book value
Glasgow: Expected to complete in March; now delayed

What comes next

complete delayed Glasgow disposal.

From the company's own announcements. Not investment advice.

Briefing

Vertu Motors in 4 minutes

Vertu Motors is the UK's fourth-largest car retailer, with 196 franchised dealerships, about 7,200 staff and revenue near £5bn a year. Its profit is small against that turnover. Adjusted pre-tax profit fell from £39m...

Act 1Buying scale
Act 2Used-car slump, then the electric-car mandate
Act 3A cyber-attack and a cost reset

Read the briefing →

Also at Vertu Motors 1 open

Upgrade / downgrade cycleProfit upgrade – guidance raised · fourth in 12 months Capital returnBuyback programme – proposed · closed Upgrade / downgrade cycleProfit warning – profit warning · closed Upgrade / downgrade cycleResults ahead of expectations – ahead of expectations · closed Upgrade / downgrade cycleProfit warning – profit warning · closed Vertu Motors – company page →