Inspiring Business by Sharing Success

Nottingham valuation expert urges industry to inspire a new generation to the sector

Nottingham valuation expert urges industry to inspire a new generation to the sector

Reflecting on her role within the auction industry Anna Hall, an asset valuation expert at nationwide auctioneers John Pye & Sons, urges the industry to encourage a new generation of women to enter the sector in a predominantly male-led industry. 

“While there has been tremendous movement to put women at the helm of a previously male-dominated auction industry, there is still a distinct lack of women valuers in the business asset sector generally, which I feel is mainly due to a lack of awareness for young women entering the workplace.”

Now, Anna says there are a number of existing opportunities in the asset valuation sector arising. Not only has the industry increasingly moved towards digitalised platforms, but there is high-demand for online auctions going international, with John Pye already having European expansion on the horizon. 

Stocking up on opportunity

With the global effects of the pandemic still disabling businesses worldwide, insolvent companies are leaning on auction houses to swiftly dispose of stock and assets. Retailers are additionally struggling to shift stock in EU markets due to the ongoing impact of Brexit, and alternative stock shifting methods have become desirable for direct-to-consumer purchases that will offset financial debt. 

“At this time, it is crucial we invite young women into the sector,” said Anna. “It’s pertinent to encourage apprenticeships and tell the stories of successful and inspirational founders such as Ann Pye within schools and colleges to educate our younger generations about equal opportunities within the sector. 

“Companies like John Pye are a strong case study for this type of networking and awareness, having assisted my progression through the firm during my eight or so years in the business. I have long been encouraged and recognised for my achievements, helping me to spearhead the valuations department. 

“I feel this has been made possible with our co-founder Ann Pye paving the way in what was historically a male dominated industry. Women bring fresh ideas and innovation to the workplace and it is now common place at John Pye to see women taking positions at all levels from sale room porters all the way up to directorship. The company offers many opportunities and training schemes which I have always been encouraged to accept.”

Career inspiration

Anna Hall works on behalf of insolvency practitioners, solicitors, bankers and finance houses to value business assets. Having joined John Pye in 2013 following a career in corporate insolvency, she is now head of valuations in its Business and Property department. 

Ann Pye’s influence has helped a number of individuals in the business strive for success, with the family-founded business originating from Ann’s meeting of husband John in 1967 at an antique auction in Lincolnshire. In 1968 they started an auction company together called ‘Furniture & General Auctions’ whilst Ann continued working for the Building Society where she had previously been crowned the first ever female Building Society branch manager in the UK during the 1960s. 

The co-founders eureka moment occurred when she heard from a friend that her Local Authority was experiencing problems recovering rent and rates arrears together with the removal and sale of furniture and business assets. 

She studied to become a bailiff by trade and set up her own bailiff business in the Nottingham and Derby region. This experience helped her to forge a strong strategic vision for John Pye, helping to acquire a number of business and property acquisitions for the brand, and understanding the asset valuation process.

A collaborative approach

Anna continued:

“Industry bodies must work together to showcase the opportunities available within the sector. Many people aren’t aware that you don’t need any experience to become an auctioneer, although training will help you specialise, and generally you can forge a career in the industry straight from school or college, rather than being a post-graduate.

“It’s just as important to raise awareness of the wealth of careers available, placing accredited professional bodies like NAVA and Propertymark at the fore.

“Furthermore, we must continue to support women in the workplace by breaking the bias surrounding motherhood and age in particular. It’s about harnessing every opportunity as it comes, but with this comes greater demand for workplaces to understand the return to work path post-pregnancy, offering more flexible working methods and continuing to forge an equal workforce for all, this in turn will condition others to do the same.”

To find out more about John Pye Auctions and the comprehensive services it offers please visit: www.johnpye.co.uk or join the conversation on Twitter @John_Pye.


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