Fast-growing auction house reveals new business and property division

A Nottingham-headquartered online auction house has unveiled a new business and property department.

John Pye Business and Property, jointly headed by Charles Loake and Trevor Palethorpe, will offer a full range of valuation services: from desktop appraisals to red book valuations.

The new look department is supported by John Pye valuation offices in Belfast, Birmingham, Edinburgh, London, Manchester, Nottingham, Stoke and Swansea, with more than 500 full time John Pye Valuers and UK site support staff.

Palethorpe said: “Charles and I are thrilled to announce the new John Pye Business & Property department.

“Historically the Business Assets and Property departments have seen a cross over in services provisions, so combining them both became an obvious next step enabling us to offer an increased service level while at the same time offering a cost effective one-stop-shop to our client.”

John Pye, the UK’s largest commercial auction network, processes, markets and sells more than 800,000 lots sold per month, providing an extensive sales back catalogue of sales results allowing for quick and accurate valuations.

The firm works on behalf of banks, lenders, Government Authorities, insolvency and restructuring practitioners, retailers, property owners and agents.

The new department, as well as offering a full range of valuation services, will also offer property sales and management advice, management and clearances services, full property security, data risk management, finance settlement, waste management and a variety of sale mechanisms including online auctions, private treaty, tender and sale of business offering a true one-stop-shop experience.

Adam Pye, managing director at John Pye, said: “We pioneered the online property auction back in 2014 and it has been a huge success. Originally offering 0% seller fees as a launch promotion the take up, and feedback, was so positive that this is still in place seven years later.

“With both departments sharing a large number of clients, it made sense to integrate them, providing greater client value and maximising their returns in sales realisation. I have full faith that under Trevor and Charles, along with their experienced team, this will be a huge success.”