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GB-Sheffield: Legal services

British Business Investments Ltd

This public procurement record has 1 release in its history.

Award

27 Jul 2026 at 08:30

Award Notice
Summary of the contracting process

British Business Investments Ltd procured legal services for negotiating and settling the terms of an LPA. The requirement sits within the buyer’s financial and investment activities and is classified as legal services (CPV 79100000). The work is associated with Yorkshire and the Humber, United Kingdom. The buyer is part of the British Business Bank group, which is wholly owned by the UK Government and operates as a development bank. This opportunity is therefore relevant to law firms and legal practices able to advise on LPAs, negotiate contractual terms and bring matters to settlement. It concerns a focused legal mandate rather than general administrative, banking or operational services.

The procurement is complete and has been awarded. Ashurst LLP was selected as supplier on 1 May 2026 for £40,000. The contract period runs from 4 May 2026 to 31 March 2027. The tender submission deadline was 1 May 2026. The requirement was procured as a tender for services, with the award made to a single supplier. The award value matches the estimated tender value of £40,000. The procurement was assessed as unsuitable for small and medium-sized enterprises and voluntary, community or social enterprises. The awarded contract covers the negotiation and settlement of the LPA terms for British Business Investments Ltd.

For firms that did not win this requirement, the award demonstrates demand from British Business Investments Ltd for specialist legal support on LPAs and negotiated financial documentation. A credible future supplier would need lawyers experienced in drafting, reviewing and negotiating LPA terms, understanding the commercial and financial context, and bringing complex contractual discussions to an agreed settlement. The buyer’s selection of a large law firm indicates that comparable providers should be able to demonstrate established legal capability, suitable senior expertise and the capacity to manage a focused mandate for an institutional investment organisation. Firms targeting similar work should position relevant LPA and financial-services experience clearly and show dependable delivery arrangements.

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Notice Information

Notice Title

GB-Sheffield: Legal services

Notice Description

Negotiating and settling the terms of the LPA this has been procured inline with the banks standard financial instruction Additional information: British Business Bank Plc, registered in England and Wales, registration number 08616013, registered office Steel City House, West Street, Sheffield, S1 2GQ, a development bank wholly owned by the HM Government. It and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-57a3224e-9f22-40f9-85d5-06e1a985242b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2f5c04f0-ebe6-4a40-908f-bb8a9df49932
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
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£40,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 May 20265 months ago
Contract Period
4 May 2026 - 31 Mar 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 Investments Ltd
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)

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