Award

AT1140 LLAL External Audit

LONDON LUTON AIRPORT LIMITED OWNED BY LUTON COUNCIL

This public procurement record has 2 releases in its history.

Award

17 May 2022 at 12:03

Award Notice
Tender

09 Feb 2022 at 16:38

Tender Notice
Summary of the contracting process

The London Luton Airport Limited, owned by Luton Council, has initiated a procurement process titled "AT1140 LLAL External Audit" for the provision of external audit services under the industry category of auditing services. This procurement, which is currently in the award stage, has a contract value of £300,000 and is set to commence from 1 May 2022, lasting for a period of three years with the opportunity for a two-year extension. The tender period ended on 14 March 2022, and it is important for businesses interested in this contract to note that the successful tenderer will be required to undertake the 2021/22 audit cycle, with financial accounts needing to be finalised by the middle of May and completed audits signed off by the end of June.

This tender presents a significant opportunity for both small and medium enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) that can offer auditing services. Companies with expertise in financial auditing, particularly those experienced in preparing accounts under FRS 102, would be ideally positioned to compete for this contract. Given the requirement for comprehensive audit cycles and timely submissions, firms that are agile and capable of managing tight schedules will find this procurement particularly relevant for expanding their business operations within the public sector.

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Notice Information

Notice Title

AT1140 LLAL External Audit

Notice Description

LLAL has decided to invite tenders for the provision of external audit services for a period of three years (with potential for extension of a further two years) with effect from 1 May 2022. The 1st April coincides with the start of the annual audit cycle and the successful tenderer will undertake the 2021/22 audit. LLAL's year-end is 31st March, and it prepares its accounts under FRS 102. LLAL's accounts are consolidated into those of its shareholder and must therefore be finalised (including tax computations) by the middle of May each year, and fully audited and signed by the end of June.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1e1f8204-564b-410f-8d41-940d39430a6a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e61c6fa1-6d54-451e-a3bd-dac9ee916191
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20223 years ago
Submission Deadline
14 Mar 2022Expired
Future Notice Date
Not specified
Award Date
16 May 20223 years ago
Contract Period
17 May 2022 - 30 Apr 2027 4-5 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
LONDON LUTON AIRPORT LIMITED OWNED BY LUTON COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LUTON
Postcode
LU1 2BQ
Post Town
Luton
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH21 Luton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Luton
Electoral Ward
Central
Westminster Constituency
Luton South and South Bedfordshire

Supplier Information

Number of Suppliers
1
Supplier Name

AZETS ACCOUNTANTS

Further Information

Notice Documents

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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