Award

Banking Service - Mini Comp off NEPO 53 Framework Agreement - AWARD

THE RIVERSIDE GROUP LIMITED

This public procurement record has 1 release in its history.

Award

02 Sep 2025 at 08:37

Summary of the contracting process

The Riverside Group Limited has successfully awarded a contract for banking services to NatWest, a well-established financial institution. This contract, under the industry category of 'Banking services' (CPV code: 66110000), marks the completion of the procurement stage. Based in Liverpool, United Kingdom, The Riverside Group announced the award notice on 2nd September 2025. The initial contract period spans seven years starting from 1st December 2025, with the option to extend by an additional year, subject to performance and budgetary considerations. This service will include operations across several regions, including the British Overseas Territories, Channel Islands, and Europe, among others. The procurement method is classified as 'Other'.

This tender provides substantial growth opportunities for financial institutions capable of delivering comprehensive banking services. The extended contract period and broad geographic coverage offer potential for business expansion and long-term engagement with The Riverside Group. Companies with robust frameworks for ring-fenced banking operations would find this contract particularly advantageous, as it aligns with the Group's preference for mitigating risk via legal entities. Although this particular tender was awarded to NatWest, similar future opportunities may suit financial businesses seeking to leverage their expertise in providing secure and large-scale banking services.

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

Banking Service - Mini Comp off NEPO 53 Framework Agreement - AWARD

Notice Description

The Riverside Group is seeking to appoint a provider to provide banking services for Riverside Group Limited, for an initial contract period of 7 years, commencing in February 2026. This may be extended by a further 12 months subject to satisfactory performance and budget approvals at the discretion of the company. It is a preference of the Group that the Bank that will provide this service is the ring-fenced legal entity of the Bank to protect the Group from any unnecessary risk.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-255aafd1-9171-48af-9095-c8e6839d8283
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f0874c27-c8c8-46b6-a4c1-5eeb2e7f9b2a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£707,031 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Sep 20255 months ago
Submission Deadline
8 Jul 2025Expired
Future Notice Date
Not specified
Award Date
30 Jul 20256 months ago
Contract Period
1 Dec 2025 - 30 Nov 2032 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE RIVERSIDE GROUP LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L24 8RF
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified

Local Authority
Liverpool
Electoral Ward
Garston
Westminster Constituency
Liverpool Garston

Supplier Information

Number of Suppliers
1
Supplier Name

NATWEST

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-b5fd17-255aafd1-9171-48af-9095-c8e6839d8283-2025-09-02T09:37:17+01:00",
    "date": "2025-09-02T09:37:17+01:00",
    "ocid": "ocds-b5fd17-255aafd1-9171-48af-9095-c8e6839d8283",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "IT-599-131-TRG/0131 - AWARD",
        "title": "Banking Service - Mini Comp off NEPO 53 Framework Agreement - AWARD",
        "description": "The Riverside Group is seeking to appoint a provider to provide banking services for Riverside Group Limited, for an initial contract period of 7 years, commencing in February 2026. This may be extended by a further 12 months subject to satisfactory performance and budget approvals at the discretion of the company. It is a preference of the Group that the Bank that will provide this service is the ring-fenced legal entity of the Bank to protect the Group from any unnecessary risk.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66110000",
            "description": "Banking services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "L24 8RF"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethodDetails": "Other -",
        "tenderPeriod": {
            "endDate": "2025-07-08T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2025-12-01T00:00:00Z",
            "endDate": "2032-11-30T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-245855",
            "name": "The Riverside Group Limited",
            "identifier": {
                "legalName": "The Riverside Group Limited"
            },
            "address": {
                "streetAddress": "Estuary Commerce Park, Speke",
                "locality": "Liverpool",
                "postalCode": "L24 8RF",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Idris Parry",
                "email": "Idris.Parry@riverside.org.uk",
                "telephone": "03451110000"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-324141",
            "name": "NatWest",
            "identifier": {
                "legalName": "NatWest"
            },
            "address": {
                "streetAddress": "1st Floor, 2-8 Church Street, Liverpool, United Kingdom, L1 3BG"
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-245855",
        "name": "The Riverside Group Limited"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-255aafd1-9171-48af-9095-c8e6839d8283-1",
            "status": "active",
            "date": "2025-07-31T00:00:00+01:00",
            "datePublished": "2025-09-02T09:37:16+01:00",
            "value": {
                "amount": 707031,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-324141",
                    "name": "NatWest"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-12-01T00:00:00Z",
                "endDate": "2032-11-30T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/f0874c27-c8c8-46b6-a4c1-5eeb2e7f9b2a",
                    "datePublished": "2025-09-02T09:37:16+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}