Business Property

John Pye offer its lowest insolvency rates to date to celebrate its 50th anniversary

John Pye offer its lowest insolvency rates to date to celebrate its 50th anniversary

Nottingham-based John Pye, the UK’s Asset Valuer/ Auctioneer of the Year for the last three years running, is offering the UK insolvency market its lowest rates on record to mark 2018 as the company’s 50th anniversary.

To mark the occasion and as a thank you to its clients, both old and new, John Pye’s Business Assets and Property departments are offering the turnaround, restructuring and insolvency sector the following exclusive rates until 31 December 2018:

  • Business Assets: 5% vendor commission for off-site asset auctions
  • Property: 0% vendor commission for insolvency property auction instructions

In addition to these industry leading historic low rates, the John Pye Business Assets and Property departments have significantly strengthened client support operations, with a number of key appointments and a series of new office openings across the country, providing even greater coverage of the UK.

This growth includes new John Pye Business Assets and Property offices in Birmingham, Derby, Leicester, Manchester and Swansea, as well as some new key appointments taking the John Pye business assets and property departments to over 30 full time valuation staff and supported by over 22 UK hubs and offices, with a centrally located head office in Nottingham.

John Pye managing director, Adam Pye, said: “Our business foundations are rooted within the insolvency market, this was the first dedicated market sector John Pye engaged with decades ago and our commitment to this market remains steadfast today. Testament to that commitment and service has been the three consecutive TRI Awards we have received from our insolvency peers as ‘Asset Valuer / Auctioneer of the Year’.

“These rates are a thank you to those insolvency clients, old and new.  We are looking forward to supporting our clients further in 2018, which will no doubt be a busy year for all and we look forward to celebrating our 50th Anniversary with them later throughout the year.”

John Pye business assets and departments provide appraisals throughout the UK without obligation, with appraisals and valuations undertaken in accordance with NAVA standards for Business Assets and RICS for Property.

Charles Loake FNAVA, head of business assets at John Pye’s Nottingham hub, said: “It’s great to be able to offer our existing and future clients in all regions this fantastic offer as part of our celebration of reaching our 50th year.

“Over the years we’ve had an extremely positive response from our clients, customers and continued support from the local business community and as a way of giving back to those businesses and people that have supported us, we are proud to offer these new low rates.

“It’s an exciting time for John Pye and reaching this milestone is a credit to our team for their dedication to the firm.”

John Pye manages over 30,000 instructions a year offering valuations and sales advice for UK Turnaround, Restructuring, Insolvency, Banking, Lending, Government, Retailers, Property Owners and Agents, whilst also managing and delivering over 900 online auctions a year across 22 UK sites, engaging a secondary market growing database of over 270,000 registered bidders.

John Pye has five trading departments, all supplying stock and assets for sale: John Pye Retail, John Pye Luxury Assets, John Pye Property, John Pye Business Assets and John Pye Vehicles.

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