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TEN-2526-023 External Audit services

National Employment Savings Trust (NEST)

This public procurement record has 1 release in its history.

Award

28 Sep 2026 at 02:42

Award Notice
Summary of the contracting process

National Employment Savings Trust (NEST) is buying external audit services for Nest Corporation and Nest Invest. The work falls within accounting and auditing services (CPV 79210000) and is intended to provide independent external audit coverage for both organisations. The buyer is NEST, based in London. Delivery locations are described broadly as the United Kingdom and several international destinations, including Europe, the Channel Islands, the Isle of Man, British Overseas Territories and the rest of the world. This is a professional audit-services requirement rather than a purchase of goods or construction work, and its scope is centred on the two named NEST entities.

The procurement is complete and has been awarded to Grant Thornton UK LLP. NEST selected the supplier through a selective call-off from a framework agreement. The stated award value is £1,500,000. The award date is 8 September 2026, and the contract period runs from 8 September 2026 to 7 September 2034. The original tender deadline was 27 March 2026 at 12:00 UTC. The requirement is presented as a single service package, with no separate lots described. The published process data does not set out evaluation criteria or specific supplier eligibility requirements, so the basis for comparing competing offers cannot be summarised beyond the selective framework call-off route.

This award shows that NEST procures external audit support for both Nest Corporation and Nest Invest through a framework call-off, and that it selected a large professional services firm for a substantial, long-term engagement. A credible competitor for a future requirement of this kind would need established external audit capability, the capacity to serve both entities over an extended engagement, and a suitably experienced team able to deliver reliable assurance work. The broad stated delivery geography also points to the value of being able to support audit activity across UK and international locations. The procurement was marked as unsuitable for SMEs and voluntary, community and social enterprises, signalling that the buyer framed this particular requirement for larger-scale providers rather than smaller or mission-led suppliers.

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Notice Information

Notice Title

TEN-2526-023 External Audit services

Notice Description

to provide External Audit services to Nest Corporation and Nest Invest.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-763c7081-49dd-471a-9dc8-8e69cedca364
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/57ab14d3-ec3e-4e53-82aa-8bf283dd8df5
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

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Sep 20264 weeks ago
Contract Period
8 Sep 2026 - 7 Sep 2034 Over 5 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
National Employment Savings Trust (NEST)
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
E14 4PU
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Grant Thornton UK 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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