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GB-Sheffield: Custodian Services

British Business Bank

This public procurement record has 1 release in its history.

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20 Jul 2026 at 10:30

Award Notice
Summary of the contracting process

British Business Bank PLC commissioned custody and safekeeping services delivered through Platform Securities. The requirement is classified as financial and insurance services and concerns the secure holding and administration of assets rather than physical goods or construction. The buying organisation is British Business Bank PLC, a development bank wholly owned by the UK Government, based at Steel City House in Sheffield. Delivery covers Yorkshire and the Humber in the United Kingdom. The service is relevant to custodians, investment platforms, securities administrators and financial-services businesses able to provide institutional custody and safekeeping arrangements through Platform Securities. It is a focused financial-services requirement for one public-sector banking group and its investment-related activities, rather than a general banking or customer-facing financial-services contract.

The procurement has been completed and the contract was awarded to Killik & Co LLP. The award date was 13 March 2026, and the awarded value is £169,999. The contract period runs from 13 May 2026 to 12 March 2028. The tender deadline was 12 March 2026. The procurement used a tender process for services, with the requirement described as custody and safekeeping through Platform Securities. The award is active and the tender is complete. Killik & Co LLP is the sole named supplier, with an address in London. The awarded value is stated for this contract and should not be treated as a wider framework or combined value. The published outcome therefore identifies both the selected provider and the operating period for the requirement.

This outcome provides a clear demand signal for specialist custody and safekeeping services within the British Business Bank group. Businesses considering future work for this buyer would need demonstrable capability in securities custody, asset safekeeping and delivery through Platform Securities, supported by the operational controls needed for a financial-services environment. The selected supplier is recorded as a large organisation, while the procurement was not marked as suitable for SMEs or voluntary, community and social enterprises. That points towards an established provider with the systems, governance, resilience and capacity to administer assets for a public development bank. Relevant competitors should therefore assess their platform integration, custody operating model and experience handling institutional financial-services requirements for this buyer.

How relevant is this notice?

Notice Information

Notice Title

GB-Sheffield: Custodian Services

Notice Description

Custody and safekeeping services via Platform Securities 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-b5fd17-5eb98420-2d31-428d-96c5-f6fa9f5535f7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c8c83d1c-2bee-4a7e-9f12-860573d2b8a8
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

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£169,999 £100K-£500K
Lots Value
Not specified
Awards Value
£169,999 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Mar 20266 months ago
Contract Period
13 May 2026 - 12 Mar 2028 1-2 years
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
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Killik & Co 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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