Award

Restructuring and Insolvency Advice

DEPARTMENT FOR BUSINESS AND TRADE

This public procurement record has 1 release in its history.

Award

23 Jul 2025 at 10:47

Summary of the contracting process

The procurement process initiated by the Department for Business and Trade pertains to restructuring and insolvency advice, focusing on the analysis of accounts and market viability. Classified under business and management consultancy services with CPV code 79410000, this tender was conducted through a selective procurement method, specifically a call-off from a framework agreement. The contract, valued at £600,000, covers various locations including British Overseas Territories, Channel Islands, and the United Kingdom, among others. The tender process concluded on 27th June 2025, with the contract period spanning from 30th June to 31st July 2025, and it has reached the award stage as of 23rd July 2025, with Teneo Financial Advisory Limited assigned as the supplier.

This tender offers significant growth opportunities for businesses within the consultancy sector that specialise in financial advisory and market analysis. Large-scale enterprises capable of providing strategic insights into restructuring and insolvency will find themselves well-positioned to compete in similar procurement processes. The strategic involvement of reputable entities like Teneo underscores the potential for industry players to forge new business relationships and enhance their market presence through government contracts.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Restructuring and Insolvency Advice

Notice Description

Analysis of accounts and long-term market viability and growth potential.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-00f9d50d-a1e0-488f-a8ac-7ee9f4cd99ed
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/70c909c0-b974-4c26-986d-d71b219c61c5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
£600,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jul 20257 months ago
Submission Deadline
27 Jun 2025Expired
Future Notice Date
Not specified
Award Date
29 Jun 20257 months ago
Contract Period
29 Jun 2025 - 31 Jul 2025 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS AND TRADE
Contact Name
Department for Business and Trade
Contact Email
commercialresearchandconsultancy@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2DY
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

TENEO FINANCIAL ADVISORY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-00f9d50d-a1e0-488f-a8ac-7ee9f4cd99ed-2025-07-23T11:47:38+01:00",
    "date": "2025-07-23T11:47:38+01:00",
    "ocid": "ocds-b5fd17-00f9d50d-a1e0-488f-a8ac-7ee9f4cd99ed",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_496462/1495559",
        "title": "Restructuring and Insolvency Advice",
        "description": "Analysis of accounts and long-term market viability and growth potential.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79410000",
            "description": "Business and management consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 600000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2025-06-27T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2025-06-30T00:00:00+01:00",
            "endDate": "2025-07-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-307868",
            "name": "Department for Business and Trade",
            "identifier": {
                "legalName": "Department for Business and Trade"
            },
            "address": {
                "streetAddress": "Old Admiralty Building, Whitehall",
                "locality": "London",
                "postalCode": "SW1A 2DY",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Department for Business and Trade",
                "email": "commercialresearchandconsultancy@businessandtrade.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-13192958",
            "name": "Teneo Financial Advisory Limited",
            "identifier": {
                "legalName": "Teneo Financial Advisory Limited",
                "scheme": "GB-COH",
                "id": "13192958"
            },
            "address": {
                "streetAddress": "11 Pilgrim Street, London, United Kingdom, EC4V 6RN"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-307868",
        "name": "Department for Business and Trade"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-00f9d50d-a1e0-488f-a8ac-7ee9f4cd99ed-1",
            "status": "active",
            "date": "2025-06-30T00:00:00+01:00",
            "datePublished": "2025-07-23T11:47:38+01:00",
            "value": {
                "amount": 600000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-13192958",
                    "name": "Teneo Financial Advisory Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-06-30T00:00:00+01:00",
                "endDate": "2025-07-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/70c909c0-b974-4c26-986d-d71b219c61c5",
                    "datePublished": "2025-07-23T11:47:38+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}