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Auction giant John Pye to launch national debt recovery division

Auction giant John Pye to launch national debt recovery division

THE UK’s Asset Valuer & Auctioneer of the Year for the last four years running, John Pye, is launching a new division within its Business Assets department, offering industry low commission rates to support clients with national debt recovery.

Launching in December 2019, the new debt recovery brand – named JPS Debt Recovery – will offer a variety of services which complement John Pye’s existing work in insolvency and for government bodies including HM Revenue & Customs (HMRC).

Trevor Palethorpe, national head of corporate recovery at John Pye, said:

“JPS Debt Recovery was borne out of a conversation with one of our insolvency practitioner clients who was tired of receiving an average service while being charged sky-high commission rates from their regular recovery agents. We already had the resources in place within John Pye - such as debt recovery specialists, enforcement officers and the firm is FCA registered – so we realised that this could be a great bolt on service which would complement our current offering perfectly.

“We’re aiming to deliver industry high service standards and industry low commission rates. It’s all come full circle and now, that same insolvency practitioner has become the division’s first client.”

The auction giant has a strong affiliation with the debt recovery industry. The company was co-founded in 1968 by Ann Pye, a pioneering figure within in the bailiff community and the first female bailiff to set-up her own company.

Trevor continued:

“Thanks to Ann’s amazing legacy in the industry, John Pye is intertwined with debt recovery and our insolvency team are recognised as experts in this field. The creation of JPS Debt Recovery was a clear and exciting next step for us.”

Chris Fish has been appointed to head up JPS Debt Recovery, having worked with Ann at John Pye’s sister company for a number of years.

“We feel Chris’ experience and passion for the industry will help to shape JPS Debt Recovery’s own brand and create its own legacy.

“We’re delighted to have Chris on board and lead this significant new opportunity for the business,” continued Trevor. 

JPS Debt Recovery will be based in Nottingham and will be led by national debt recovery manager Chris Fish, who joins the firm with a wealth of expertise in the sector spanning over 20 years. JPS Debt Recovery will launch in December 2019.

To find out more about JPS Debt Recovery and the services it will offer please contact Chris Fish

Picture: L-R Trevor Palethorpe & Chris Fish_RS

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