Award

Procurement of Group Auditor

NORTH EAST ACCESS TO FINANCE LIMITED

This public procurement record has 2 releases in its history.

Award

09 Mar 2021 at 09:23

Award Notice
Tender

08 Jan 2021 at 09:53

Tender Notice
Summary of the contracting process

The North East Access to Finance Limited is seeking tenders for the contract of an external Group Auditor to oversee its financial operations alongside its group companies, including North East Finance (Holdco). The procurement, classified under accounting and auditing services, has a total contract value of £250,000 and will run for three years from 15 March 2021 to 29 March 2024. Interested firms must submit their bids by 15 February 2021, as the tender process follows an open procedure above the threshold.

This tender presents a substantial opportunity for auditing firms with expertise in UK GAAP and the Companies Act 2006, particularly those capable of completing audits within a six-month timeframe. Companies specialising in financial consulting and auditing services would be well-positioned to compete for this contract, benefiting from the guaranteed revenue over the contract period and the potential for establishing a long-term relationship with a significant organisation in the public sector.

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Notice Information

Notice Title

Procurement of Group Auditor

Notice Description

We are inviting firms to tender for the contract as external Group Auditor for North East Access to Finance and its other group companies, including North East Finance (Holdco), for a period of three years commencing with the financial year 2020/21. Details of the contract requirements are in the Invitation to Tender published on the website. However, interested parties who intend to bid are requested to register their interest and they will be sent an Applicant Pack. This contains more details on the companies and we recommend that you read it carefully before preparing your bid document. The primary role of the auditor is to report on the consolidated financial statements of the NEA2F group and the financial statements of the individual companies and to carry out such examination of the statements and underlying records and control systems as is necessary to reach an opinion on those statements. The opinion will be required to cover primarily whether the statements give a true and fair view and have been properly prepared in accordance with UK GAAP and the Companies Act 2006. We have adopted FRS 102. It is a requirement that bidders agree to complete the audit within the required six month timescale as detailed in the tender documents,

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-842d8ea5-bc05-41d2-a63a-daf8e2e22021
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/20ca6759-647f-47ab-9bd5-e56aee372f98
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
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
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£165,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20214 years ago
Submission Deadline
15 Feb 2021Expired
Future Notice Date
Not specified
Award Date
8 Mar 20214 years ago
Contract Period
8 Mar 2021 - 8 Mar 2024 3-4 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
NORTH EAST ACCESS TO FINANCE LIMITED
Contact Name
James Arkless
Contact Email
james.arkless@nea2f.co.uk
Contact Phone
01914998552

Buyer Location

Locality
GATESHEAD
Postcode
NE8 3DF
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

Supplier Information

Number of Suppliers
1
Supplier Name

ARMSTRONG WATSON

Further Information

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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