Adam Pye, Managing Director of John Pye & Sons Ltd, has been named one of The LDC Top 50 Most Ambitious Business Leaders for 2023.

Created by trusted investment partner LDC - part of Lloyds Banking Group, and supported by The Times, The LDC Top 50 champions the business leaders who are pushing for growth and building successful medium-sized businesses.

This year’s nominations were of an exceptionally high calibre and the competition was fierce, showcasing the drive and determination that unites business leaders across the UK.

The leaders featured in The LDC Top 50 are growing their businesses at home and overseas, making a positive contribution to society and driving progress against their sustainability goals. They hail from every corner of the UK and span every sector of the economy. Together, they employ more than 6,700 people and turn over more than £1.2bn.

A family business established in 1968, John Pye Auctions has evolved into the UK’s leading commercial auction house, with 21 sites across the UK and Europe providing over 3,000 online auctions a year. The auction specialist is the preferred upcycling business to the UK’s major retailers.

As Managing Director, Adam Pye oversees the whole business and trading departments, including business assets, property, luxury, government, vehicles, retail, trade and shipping. Under his tenure, the business has seen pre-tax profits increase by 67.3% from 2020 to 2022, with over 200 additional staff employed, an increase of 28.7% in headcount.

The business has shown rapid growth, with sales hitting over £100m in sales with financial year end July 2023. John Pye intend to continue this growth over the coming years.

Adam Pye, Managing Director of John Pye & Sons Ltd, said: “It’s humbling to be recognised in this way, particularly amongst such esteemed peers. I am incredibly proud of John Pye’s achievements and have ambitious plans for the future, including reaching £50 million turnover within the next two years, becoming a household name within the UK over the next five years and expanding into more countries.

“All of these aims are achievable, but it is very much a collective effort. I’m a big believer in doing the right thing by our customers and team, which, in turn, delivers a positive return back to the business. Last year, for example, over 80% of our profit was given to ESG projects and straight back to colleagues; empowering people has, and always will be, a huge value within the business.

“As the auction landscape continues to evolve, we will also remain agile. We are committed to innovation, ensuring we remain armed with the technology and knowledge to maintain our reputation as a leader within our field while continuing to deliver the exceptional service our customers have come to expect.”

John Garner, Managing Partner at LDC, added: “We started The LDC Top 50 six years ago to champion the remarkable success stories of medium-sized businesses, the unsung heroes of the British economy. Since then, we’ve received more than 3,000 nominations and celebrated more than 500 business leaders through the programme, surpassing all our expectations. Every leader in this year’s cohort has a story as impressive as the next, and I’d like to congratulate them on their achievements so far. We can’t wait to see where they go from here!”

You can find out more information on this year’s LDC Top 50 Most Ambitious Business Leaders programme here: https://bit.ly/48TmMBd