John Pye Auctions, four-time Winner of the UK’s Asset Valuers & Auctioneers of the Year award at the UK’s Turnaround, Restructuring and Insolvency (TRIs) Awards, have announced the opening of a new Birmingham site servicing turnaround, restructuring, insolvency and finance markets.
The additional site will serve as a bigger base to accommodate a growing list of clients throughout the region. John Pye Auctions currently works with a range of insolvency practitioners, banks and finance houses in the West Midlands region. The site which is new in Birmingham is open for business at Cheltenham House, 14-16 Temple Street, B2 5BG.
With demand for services at an all-time high, the company has ear-marked the West Midlands as a key location for business growth.
Following a record-breaking trading year in 2018, the national auctioneer recently celebrated its 50th anniversary and went global. Over the course of the last seven years, it has ploughed significant investment into expansion plans, opening new sites across the UK and internationally, launching in the United Arab Emirates last December.
The new Birmingham site will offer a full range of valuation and disposal services for finance houses, banks and insolvency practitioners, encompassing a wide range of sectors including property and lending and plant and machinery. Trevor Palethorpe, national head of corporate valuations at John Pye, said: “In recent months, our West Midlands client base has grown considerably, which made the case for us to turn our satellite serviced office in Birmingham into a larger, more established hub.
“The West Midlands is an important market for us and having a central hub in Birmingham that offers the full breadth of our services, will support the continued growth and expansion of the company and will help us better serve our clients in the area.”
“It has been a very busy and exciting period for the company – celebrating 50 years in business, launching our sixth trading department John Pye Technical and launching internationally in the United Arab Emirates. The new Birmingham site marks another step forward for the UK expansion of John Pye and it’s great to be starting 2019 this way.”
The firm has grown faster than any other European auction business in the last seven years, expanding from just one site to twenty-three, including the new Birmingham hub. It has grown staff from 80 full-time team members to over 430. Annual auction frequency has also significantly increased from 80 to over 1,000 in 2018.
The company comprises of six trading departments; John Pye Property, John Pye Retail, John Pye Business Assets, John Pye Vehicles, John Pye Luxury and John Pye Technical.Find out more