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GB-Sheffield: Project Riptide

British Patient Capital Limited

This public procurement record has 1 release in its history.

Award

11 Aug 2026 at 13:20

Award Notice
Summary of the contracting process

British Patient Capital Ltd procured legal services for Project Riptide, relating to potential investments. The work covers legal advice connected with finance and high-risk or innovative investment activity, under the Government Commercial Agency’s RM6360 Legal Panel, Finance and High Risk / Innovation lot. It is a professional services requirement, classified as legal services. Delivery is associated with British Patient Capital’s operations in Sheffield and the wider Yorkshire and the Humber area. The selected provider was Ashurst Perkins Coie UK LLP, a large legal practice based in London. The requirement is therefore most relevant to established commercial law firms with investment, finance and innovation expertise, rather than generalist legal practices or small and medium-sized suppliers.

The procurement has been completed and awarded. British Patient Capital Ltd selected Ashurst Perkins Coie UK LLP on 24 June 2026. The awarded value is £32,000. The contract runs from 25 June 2026 to 23 September 2026. The original tender deadline was 24 June 2026. The procurement used the Government Commercial Agency RM6360 Legal Panel, Finance and High Risk / Innovation lot, rather than an unrestricted competition. The tender was for services and was marked complete. The published information identifies the requirement as Project Riptide and records one active award to the named supplier. The award information does not set out separate lots or a further evaluation weighting.

For firms that did not win this award, the procurement demonstrates demand from British Patient Capital for focused legal support on potential investments, particularly matters involving finance, high-risk decisions and innovation. A credible competitor for a future requirement of this kind would need strong corporate finance and investment law capability, with experience advising on complex or higher-risk transactions and innovative businesses or technologies. Familiarity with public-sector investment clients and the Government Commercial Agency’s legal panel route would be commercially relevant. The successful supplier’s scale also indicates that the buyer valued the resources and specialist coverage of a substantial practice. Firms should therefore be able to assemble experienced teams quickly and provide practical advice across investment-related legal issues.

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Notice Information

Notice Title

GB-Sheffield: Project Riptide

Notice Description

Legal Services Project Riptide relating to potential investments BPC utilised the Government Commercial Agency (GCA) RM6360 Legal Panel for Government Lot 3 Finance and High Risk / Innovation

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4295a7ec-d678-435e-8b4f-373c33ab896f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c4b1f987-b288-4ff5-8918-f40ecd2a9c35
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£32,000 Under £100K
Lots Value
Not specified
Awards Value
£32,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20262 weeks ago
Submission Deadline
24 Jun 2026Expired
Future Notice Date
Not specified
Award Date
24 Jun 20262 months ago
Contract Period
25 Jun 2026 - 23 Sep 2026 1-6 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
British Patient Capital 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
SHEFFIELD
Postcode
S1 2GQ
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Ashurst LLP

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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