Your Trusted Partner for Legal Auctions and Repossessions

When you need a licensed and reputable auctioneer firm in Nairobi, it is crucial to select a partner who acts with integrity and full legal compliance. Swipe Recoveries Experts Ltd is a leading name in the auctioneering industry, providing professional services for banks, landlords, law firms, and individuals across Nairobi. Governed by the Auctioneers Act, our licensed auctioneers handle every stage of the process, from issuing the Proclamation of Attachment to conducting a successful public auction. Whether you are enforcing a court order, repossessing assets against a defaulted loan, or levying distress for rent, our team ensures the process is seamless, transparent, and yields the best possible financial outcome for you.

Operating Under The Auctioneers Act (Cap 526) of Kenya

The auctioneering profession in Kenya is strictly regulated to protect all stakeholders. As a premier auctioneer firm in Nairobi, all our operations are governed by The Auctioneers Act (Cap 526) and the accompanying Auctioneers Rules. This legal framework dictates every aspect of our work, from licensing to the fees we can charge and the procedures we must follow. All our auctioneers are fully licensed by the Auctioneers Licensing Board, a mandatory requirement to practice legally in Kenya. This license is a guarantee to our clients that we are accountable, knowledgeable, and adhere to a professional code of conduct.

Compliance with the Act is non-negotiable. For example, the law specifies the exact notice periods that must be given to a debtor after proclamation (e.g., seven days for movable goods) before attachment can occur. It also mandates how public auctions must be advertised, typically in a newspaper with nationwide circulation. By engaging Swipe Recoveries, you are partnering with a firm that respects and upholds these legal requirements, safeguarding you from potential lawsuits arising from procedural errors or unlawful actions.

Auctioneer firm Nairobi
Swipe Recoveries Experts Ltd

The Official Auction Process in Nairobi Explained

Our auction process is methodical and transparent, designed to comply with legal statutes while maximizing value for our clients. Here is a step-by-step guide to how our Nairobi auctioneer team operates:

1. Receiving Instructions: The process begins when we receive formal instructions from a client. This must be accompanied by the legal basis for the auction, such as a Court Warrant of Attachment and Sale, a letter of instruction for repossession under a chattel mortgage, or instructions to levy distress for rent.
2. Proclamation of Attachment: Our licensed auctioneer will visit the debtor's premises to identify and proclaim the goods slated for attachment. A Proclamation notice is issued, listing the items and giving the debtor a legally specified period to settle the debt.
3. Attachment and Removal: If the debt is not paid within the proclamation period, the auctioneer will return to legally attach and remove the goods. The items are then transported to a secure storage facility, such as a warehouse or yard.
4. Advertisement of Sale: As required by law, we place an advertisement in a major newspaper detailing the items for sale, and the date, time, and location of the public auction. This ensures a wide audience and competitive bidding.
5. Public Auction and Sale: The auction is conducted publicly by our licensed auctioneer. Goods are sold to the highest bidder. After the sale, we account for all proceeds, deduct our legally prescribed fees and the debt amount, and remit the balance to the client or, if there is a surplus, to the debtor.

Debt Recovery & Auctioneering Coverage in Nairobi, Kenya

Swipe Recoveries Experts Ltd provides commercial recovery, skip tracing, and auctioneering services across Nairobi, Kenya and all 47 counties in Kenya.

Auctioneer Fees & Costs in Nairobi (KES)

A licensed auctioneer from a firm in Nairobi with a gavel

The fees charged by an auctioneer firm in Nairobi are not arbitrary; they are stipulated in the Auctioneers Rules. This transparency protects the public and ensures clients know what to expect. At Swipe Recoveries, we adhere strictly to this gazetted fee schedule.

Key costs include:

Proclamation Fees: A fixed fee for issuing the proclamation notice, for example, KES 4,000 for debts exceeding KES 1,000,001.
Attachment Fees: A fee for the physical act of attaching the goods, which is also set in the Rules.
Commission: The auctioneer's primary earning is a commission on the sale price. This is typically 10% on the sale of movable property (like vehicles and furniture) and up to 3% on immovable property (land and buildings).
Other Costs: Clients are also responsible for reimbursable expenses such as transport for removed goods, storage charges, security fees, and the cost of the newspaper advertisement. We provide a clear estimate of these costs upfront. For example, newspaper advertising can cost between KES 20,000 and KES 50,000 depending on the size and publication.

Frequently Asked Questions

What is the difference between proclamation and attachment?
Proclamation is the first step where an auctioneer identifies and lists a debtor's goods that may be seized if the debt isn't paid within a specified period (e.g., 7 days). It serves as a formal notice. Attachment is the physical act of seizing and removing those goods after the proclamation period has expired without payment, in preparation for a public auction.
Can an auctioneer sell my goods for a very low price?
Auctioneers have a duty to obtain a reasonable price for the goods. Often, a valuation is done to set a 'reserve price,' which is the minimum price the item can be sold for. While the goal of a public auction is to get the best price through competitive bidding, the auctioneer cannot negligently sell items for a price that is grossly below their market value.
Is your auctioneer firm easy to find in Nairobi CBD?
Yes, our offices are centrally located at International Life Hse, 8th Floor, Mama Ngina Street, Nairobi. This makes it convenient for our clients from across the city to consult with our team, deliver instructions, and manage their cases. We are easily accessible and ready to assist you with all your auctioneering needs.