Award

C0897 - Corporate Custody Account

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Award

24 Jan 2025 at 09:40

Award Notice
Summary of the contracting process

The contracting process for the Corporate Custody Account (ID: C0897), managed by National Wealth Fund Limited, falls under the industry category of trust and custody services (CPV code 66160000). This procurement, conducted using a direct method through single tender action below threshold, relates to services provided in the United Kingdom. The tender procedure has been completed with key dates including a tender period end date on 21 January 2025 and a contract period running from 6 February 2025 to 5 February 2026. The awarded supplier, Bank of New York Mellon, will provide the required services for a contract value of £25,000 GBP.

This tender presents robust opportunities for growth to businesses within the financial and trust services sector. Small and medium-sized enterprises (SMEs) particularly stand to gain from such contracts as they are suitable entities for this particular procurement. Companies specialising in financial custody services can leverage secured projects like these to enhance their portfolio and reputation in the public sector. The clear schedule and definitive contract period provide businesses with the assurance of a stable engagement, facilitating strategic planning and resource allocation.

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.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

C0897 - Corporate Custody Account

Notice Description

Corporate Custody Account.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-38c13a0c-fca4-4301-bbcd-830b5bbb7a18
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4651d998-52fd-42fa-9efe-636ca3afc91b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66160000 - Trust and custody services

Notice Value(s)

Tender Value
£25,000 Under £100K
Lots Value
Not specified
Awards Value
£25,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jan 20251 years ago
Submission Deadline
21 Jan 2025Expired
Future Notice Date
Not specified
Award Date
21 Jan 20251 years ago
Contract Period
6 Feb 2025 - 5 Feb 2026 6-12 months
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
NATIONAL WEALTH FUND 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
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

BANK OF NEW YORK MELLON

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-b5fd17-38c13a0c-fca4-4301-bbcd-830b5bbb7a18-2025-01-24T09:40:54Z",
    "date": "2025-01-24T09:40:54Z",
    "ocid": "ocds-b5fd17-38c13a0c-fca4-4301-bbcd-830b5bbb7a18",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "C0897",
        "title": "C0897 - Corporate Custody Account",
        "description": "Corporate Custody Account.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66160000",
            "description": "Trust and custody services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 25000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2025-01-21T00:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-02-06T00:00:00Z",
            "endDate": "2026-02-05T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/bf3h7Y7s",
            "name": "NATIONAL WEALTH FUND LIMITED",
            "identifier": {
                "legalName": "NATIONAL WEALTH FUND LIMITED",
                "scheme": "GB-SRS",
                "id": "supplierregistration.cabinetoffice.gov.uk/bf3h7Y7s"
            },
            "address": {
                "streetAddress": "4th Floor, One Embankment, Neville Street, 4-6th Floor",
                "locality": "Leeds",
                "postalCode": "LS1 4HR",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Procurement Team",
                "email": "Procurement@nationalwealthfund.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-BR025038",
            "name": "Bank of New York Mellon",
            "identifier": {
                "legalName": "Bank of New York Mellon",
                "scheme": "GB-COH",
                "id": "BR025038"
            },
            "address": {
                "streetAddress": "160 Queen Victoria Street London EC4V 4LA"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/bf3h7Y7s",
        "name": "NATIONAL WEALTH FUND LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-38c13a0c-fca4-4301-bbcd-830b5bbb7a18-1",
            "status": "active",
            "date": "2025-01-21T00:00:00Z",
            "datePublished": "2025-01-24T09:40:53Z",
            "value": {
                "amount": 25000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-BR025038",
                    "name": "Bank of New York Mellon"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-02-06T00:00:00Z",
                "endDate": "2026-02-05T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/4651d998-52fd-42fa-9efe-636ca3afc91b",
                    "datePublished": "2025-01-24T09:40:53Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}