Award

Con_27597 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

09 May 2025 at 14:10

Award Notice
Summary of the contracting process

The "Con_27597 Insolvency & Restructuring Panel" is a procurement process initiated by the Department for Education, headquartered in London, England. This project, classified under the "Accounting and auditing services" industry, aims to support financially distressed educational institutions across multiple regions in the United Kingdom, including North East, North West, and London, among others. The procurement stage has reached the award phase as of 9th May 2025. The tender was conducted using a selective procurement method as a call-off from a framework agreement, with a contract period starting on 14th April 2025 and concluding on 30th April 2028. The total contract value is £1,457,143.

This procurement presents a significant opportunity for businesses in the accounting and auditing industry, particularly those proficient in managing restructuring and insolvency services. Small and medium enterprises (SMEs) may find this tender especially suited to their capabilities, given the targeted nature of the services required. The selected supplier for this initiative is Kroll Advisory, highlighting that companies with expertise in managing complex financial recovery processes are well-positioned to benefit. Additionally, the panel will offer its services to other financially distressed providers in need of restructuring, expanding business growth potential in this sector.

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Notice Information

Notice Title

Con_27597 Insolvency & Restructuring Panel

Notice Description

To support the implementation of the FE insolvency regime and its underlying legislation, TFEA, which received royal ascent in 2017, infrastructure is required to allow financially distressed colleges to be assessed and, if necessary, managed through restructuring / insolvency. Accordingly, a professional services panel is required as part of this infrastructure. The panel will also be available for other financially distressed providers which may require restructuring or managed through an insolvency process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-13494ea0-4e4b-4354-8b05-e28bb589e0bd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6b91aede-e43e-4753-89da-e60ace4228ef
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
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£1,457,143 £1M-£10M
Lots Value
Not specified
Awards Value
£1,457,143 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 May 20259 months ago
Submission Deadline
13 Jan 2025Expired
Future Notice Date
Not specified
Award Date
13 Apr 202510 months ago
Contract Period
13 Apr 2025 - 30 Apr 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR EDUCATION
Contact Name
DfE Commercial
Contact Email
core.procurement@education.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
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
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KROLL ADVISORY

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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. 

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