Loake steps up at John Pye & Sons

Nottingham-headquartered auction house John Pye and Sons has reconfigured its professional services arm, which oversees the valuation and sale of businesses, assets, and property, by appointing Charles Loake as managing director of the Business Assets and Property divisions

The departments undertake valuation and disposal advice for property, machinery and business assets across all asset classes and sectors, on behalf of UK banks, finance companies, insolvency practitioners and government bodies.

Formerly an associate director, Loake will be responsible for overseeing nationwide case instructions, heading up a team of 50 staff across the auctioneer’s UK footprint of over 2m square feet of indoor sales space, across 21 sites.

A Fellow of NAVA Propertymark (National Association of Valuers and Auctioneers), a member of NAEA Propertymark, the UK’s leading membership body for property agents and a director of the Turnaround Management Association UK (TMA), Loake has been with John Pye for 27 years and is a stalwart of the industry.

He said: “I’m very proud to have worked with John Pye for over 27 years, which has seen both the development of my own career and experience in this market. It’s been an incredible journey to be part of the firm’s growth over that time.

“I’m extremely proud of our multi-award winning department too, having achieved Asset Valuer/Auctioneer of the Year TRI Award six times, in addition to the Property Valuation Provider of the Year award twice.

“In this new role I’m keen maintain that momentum for excellent client service, expand our business assets offering and facilitate the quick reaction times to new client instruction that John Pye has become associated with in high profile insolvency cases such as MADE.com and Moor Large Co.”

Executive board director, Trevor Palethorpe, added: “I’ve had the privilege of working alongside Charles for nearly 30 years. His expertise as a valuer, coupled with his vast knowledge across numerous industries, is truly unmatched. I’m thrilled that he has accepted this new role, which is a testament to the deep respect and high regard the board has for him.

“Charles’s appointment comes at a pivotal time for the continued growth of our Business Assets and Property divisions. This year, we’ve experienced a record surge in insolvency instructions, and with the recent budget, I don’t foresee any slowdown in this trend. His leadership will be invaluable as we navigate this period of heightened activity.”