Tender

Auditor for The North East Fund Limited

THE NORTH EAST FUND LIMITED

This public procurement record has 1 release in its history.

Tender

16 Mar 2018 at 14:54

Tender Notice
Summary of the contracting process

The North East Fund Limited is currently seeking an Auditor for a four-year term, beginning with the March 2018 year-end. This procurement falls within the services industry category, specifically focusing on portfolio management services. The tender is at the active stage and submissions are due by 19 April 2018. The contract will commence on 15 May 2018 and extend until 31 December 2021. Based in Newcastle upon Tyne, England, the procurement method employed is an open procedure, with a total contract value of £120,000, and a minimum value of £60,000.

This tender represents a significant opportunity for auditing firms and financial service providers looking to expand their operations in the North East of England. Companies with expertise in financial audits, tax compliance, and portfolio management will find this particular contract well-suited to their capabilities. Given the funding from notable organisations such as the European Investment Bank and European Regional Development Fund, successful bidders could play a critical role in managing the financial integrity of investments aimed at supporting SMEs in the region.

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Notice Information

Notice Title

Auditor for The North East Fund Limited

Notice Description

The North East Fund Limited is seeking to appoint an Auditor for a four year term, beginning with the March 2018 year end. The Fund is a new entity which will consist of a suite of funds, each managed by a different fund manager. It expects to invest PS120m in SMEs across the North East LEP area, building on the success of the North East JEREMIE programme. Funding is coming from the European Investment Bank, the European Regional Development Fund and from returns on investments made by historical funds in North East England. The Auditor will be required to audit the financial statements of The North East Fund Limited and to provide corporation tax compliance services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1a531d14-d1cf-49dd-9ccf-384b20b4e127
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/06d5d2fe-cb94-449a-87ac-b531e066652b
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66140000 - Portfolio management services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Mar 20187 years ago
Submission Deadline
19 Apr 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 May 2018 - 31 Dec 2021 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE NORTH EAST FUND LIMITED
Contact Name
James Arkless
Contact Email
james.arkless@nea2f.co.uk
Contact Phone
0191 499 8550

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 6EE
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

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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