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GB-Sheffield: M&G Third Party Administration Support

British Business Bank

This public procurement record has 1 release in its history.

Award

16 Sep 2026 at 19:00

Award Notice
Summary of the contracting process

The British Business Bank, based in Sheffield, procured capital and investment administration services under the title “M&G Third Party Administration Support”. The requirement covers third-party administration support for capital and investment activities, within the broader category of administration services (CPV 75100000). Delivery spans the United Kingdom, the Channel Islands, the Isle of Man, Europe, British Overseas Territories and the rest of the world. The buying organisation is the British Business Bank. This is a financial administration requirement rather than a general administrative support contract, so relevant suppliers are those able to manage or support investment-related administration across multiple jurisdictions and locations. The stated procurement rationale also refers to the bank’s Standing Financial Instructions, although the published description contains a typographical error in that reference.

The procurement has been completed and awarded following a tender process managed by the British Business Bank. The contract was awarded to Alter Domus Agency Services (UK) Limited on 17 July 2026. Its value is £25,500, with the contract running from 18 July 2026 to 17 July 2027. The requirement was classified as a services procurement and the tender’s estimated value was also £25,500. The award is active. The procurement record identifies the requirement as unsuitable for small and medium-sized enterprises and voluntary, community or social enterprises. The award was made for the full capital and investment administration support requirement, rather than being divided between separately identified lots or multiple suppliers.

For suppliers that did not win, this award demonstrates a defined requirement for specialist third-party administration of capital and investment activities at the British Business Bank. A credible competitor for a future requirement would need relevant operational capability in investment administration, reliable processes for handling financial information and transactions, and the capacity to support activity across the United Kingdom, Channel Islands, Isle of Man, Europe, British Overseas Territories and other international locations. The selected supplier is an established specialist administration business, indicating that experience in agency or fund administration is relevant. The stated suitability assessment did not identify the work as suitable for SMEs or voluntary, community and social enterprises, so competing providers would need organisational scale and resources appropriate to a bank-wide, geographically dispersed service.

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Notice Information

Notice Title

GB-Sheffield: M&G Third Party Administration Support

Notice Description

Capital and Investment Administration Services Additional information: This was procured inline with the Banks Sanding Financial Instructions (SFIs)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-53c20686-804c-4d66-9758-8a09a64d169b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/082f8c39-f10d-4727-ac7e-3a87eaa5301c
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

CPV Codes

75100000 - Administration services

Notice Value(s)

Tender Value
£25,500 Under £100K
Lots Value
Not specified
Awards Value
£25,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Sep 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
17 Jul 20262 months ago
Contract Period
18 Jul 2026 - 17 Jul 2027 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
British Business Bank
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
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Alter Domus Agency Services (UK) Limited

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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