Vertu Motors Secures £3.4M Insurance Payout After JLR Cyber-Attack

Vertu Motors Secures £3.4M Insurance Payout After JLR Cyber-Attack

First seen 30 Apr 2026, 09:55 UTC InvestingCardealermagazineAm-OnlineLseBusiness-Live 92% similarity 18.8

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Vertu Motors announced a settlement of £3.9 million for a business interruption insurance claim due to a cyber-attack on Jaguar Land Rover (JLR) in September 2025. The attack disrupted vehicle supply, parts availability, and connected systems utilized by JLR's franchised retailers, including Vertu's operations. After applying a £0.5 million deductible, Vertu will receive a net recovery of £3.4 million. An interim payment of £1.0 million was previously disclosed in a trading update on March 5, 2026. The full recovery will be recognized as underlying income for the fiscal year ending February 28, 2026. As a result of the additional £2.4 million payout, Vertu expects its adjusted profit before tax to exceed market consensus of £21.6 million. The company operates 191 sales outlets across the UK and plans to announce its preliminary results on May 13, 2026.

Key Points: • Vertu Motors received a £3.4 million net insurance payout after a cyber-attack on JLR. • The attack disrupted JLR's vehicle supply and connected systems for retailers, including Vertu. • Vertu expects adjusted profit before tax for FY2026 to exceed £21.6 million due to the payout.

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Timeline

2025-09-01
Cyber-attack on Jaguar Land Rover disrupts operations
2026-03-05
Vertu Motors discloses £1.0 million interim insurance payment
2026-04-30
Vertu Motors announces £3.4 million insurance settlement

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