John Pye & Sons Appoints Charles Loake as Managing Director of Business Assets and Property Divisions

Leading UK auction house John Pye & Sons Ltd has announced the appointment of Charles Loake as Managing Director of its Business Assets and Property Divisions. This move is part of the company’s strategic reconfiguration of its professional services arm, which specialises in valuing and selling businesses, assets and property.

The Business Assets and Property Divisions provide expert valuation and disposal advice for property, machinery and business assets across a broad range of sectors and asset classes. The team works closely with UK banks, finance companies, insolvency practitioners and government bodies.

In his new role, Loake will oversee nationwide case instructions, leading a team of 50 staff operating across John Pye’s extensive UK network. The company boasts over 2 million square feet of indoor sales space spread across 21 locations.

Loake, a 27-year veteran of John Pye, brings a wealth of experience and industry recognition to his new position. He is a Fellow of NAVA Propertymark (National Association of Valuers and Auctioneers), a member of NAEA Propertymark - the UK’s leading body for property agents - and a Director of the Turnaround Management Association UK (TMA).

Speaking about his appointment, Loake 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 to 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 praised Loake’s expertise and leadership, stating:
"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.”

Charles Loake officially stepped into his role as Managing Director of Business Assets and Property Division on 1st December 2024.

Find out more about John Pye & Sons.