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Financial Review Services

Department for Business & Trade

This public procurement record has 2 releases in its history.

AwardUpdate

20 Aug 2026 at 10:32

Award Notice
Award

12 Aug 2026 at 16:56

Award Notice
Summary of the contracting process

The Department for Business and Trade appointed financial advisers to provide independent financial due diligence and commercial analysis for UK government work. This is a professional financial advisory service, classified under CPV 79900000 for miscellaneous business and business-related services. The requirement covers activity delivered across the United Kingdom, Europe, the Channel Islands, the Isle of Man, British Overseas Territories and the rest of the world. The work is intended to support the department’s assessment of financial and commercial matters, so relevant firms are likely to be those providing objective transaction, investment or commercial review services for public-sector decision-making. The buyer is based at the Old Admiralty Building in London.

The procurement has been completed and the contract was awarded to Ernest & Young LLP on 7 August 2026. The awarded value is £1,000,000. The contract runs from 10 August 2026 to 4 August 2027. It used a selective procedure as a call-off from a framework agreement, with bids due by 12:00 on 7 August 2026. The procurement was evaluated through the framework call-off route. The selected supplier is a large organisation, and the award is active. The requirement was for services rather than goods or works, with delivery potentially spanning the United Kingdom, Europe, the Channel Islands, the Isle of Man, British Overseas Territories and other international locations.

This award demonstrates demand from the Department for Business and Trade for independent financial due diligence and commercial analysis delivered across domestic and international settings. A credible competitor for comparable work would need established financial advisory capability, demonstrable independence, and the capacity to assess complex financial and commercial information for government decisions. The requirement favours organisations able to operate at large scale and support work across several jurisdictions, rather than small or voluntary-sector providers. As the work was procured through a framework call-off, relevant firms would also need access to the appropriate framework route and the systems, governance and quality controls expected of a major public-sector financial adviser.

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Notice Information

Notice Title

Financial Review Services

Notice Description

Appoint financial advisors to provide independent financial due diligence and commercial analysis to support HMG.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-74113f37-d053-461b-822c-9a470eec1e22
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4dea81f6-8846-421d-b8ba-96f80952bdfd
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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

79900000 - Miscellaneous business and business-related services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Aug 20261 weeks ago
Submission Deadline
7 Aug 2026Expired
Future Notice Date
Not specified
Award Date
7 Aug 20263 weeks ago
Contract Period
10 Aug 2026 - 4 Aug 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
Department for Business & Trade
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2EG
Postcode Area
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Ernest & Young LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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