Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Urgent Specialist Restructuring and Insolvency Advisory Services

Keele University

This public procurement record has 1 release in its history.

Award

21 Jul 2026 at 09:57

Award Notice
Summary of the contracting process

The University of Keele procured urgent specialist restructuring and insolvency advisory services. The work covers financial consultancy and business and management consultancy, including advice connected with restructuring and insolvency matters. It is a professional services requirement rather than a goods or construction contract. Delivery is associated with Keele Campus in Newcastle, England. The buyer is the University of Keele, and the appointed provider is Alvarez & Marsal Europe LLP. The requirement was procured through the Management Consultancy Framework Four, under its restructuring and insolvency lot, indicating a need for specialist advisers able to support the university with urgent financial and organisational issues. The procurement is identified as suitable for small and medium-sized enterprises, although the selected provider is a large organisation. It is a service contract for a single buyer and requirement.

This procurement has been completed and awarded. The University of Keele used a selective call-off from the Management Consultancy Framework Four rather than an open tender. The tender deadline was 29 May 2026 at 12:00. Alvarez & Marsal Europe LLP was awarded the contract on 5 June 2026 for £75,000 including the formal variation; the initial value was up to £50,000 and was increased to £75,000 by variation executed on 20 July 2026. The contract runs from 1 June 2026 to 18 September 2026, with an initial three-month term and a three-month optional extension period. The procurement was evaluated through the framework call-off process, with the requirement focused on specialist restructuring and insolvency advisory capability. The contract is active and the tender itself is complete.

For competitors, this award demonstrates that the University of Keele buys urgent, specialist restructuring and insolvency advice through a management consultancy framework rather than a general open competition. A credible future supplier would need demonstrable expertise in restructuring and insolvency, strong financial consultancy capability, and the capacity to respond quickly to urgent advisory instructions. Providers should be able to deliver focused business and management consultancy to a university environment, work directly with senior stakeholders, and manage sensitive financial or organisational matters professionally. The opportunity is suitable in principle for SMEs, so a smaller specialist firm with the right technical experience and framework access could be competitive. The selected supplier’s profile also indicates that substantial capacity and established advisory resources may be relevant, particularly where the buyer needs rapid mobilisation and support across complex restructuring issues.

How relevant is this notice?

Notice Information

Notice Title

Urgent Specialist Restructuring and Insolvency Advisory Services

Notice Description

Urgent specialist restructuring and insolvency advisory services. This Call-Off is awarded under RM6309 - Management Consultancy Framework Four (MCF4), Lot 10 - Restructuring and Insolvency. The initial value was up to PS50,000.00, this was increased up to PS75,000.00 via a formal variation executed by the parties on 20/07/2026. The initial Contract term is 3-months, with a 3-month optional extension period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9e09ac61-9f59-4bee-88ba-87d767a0972e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f0f5a08f-d370-4cc7-a894-429e58a26557
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
£75,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 Jun 20264 months ago
Contract Period
1 Jun 2026 - 18 Sep 2026 1-6 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
Keele University
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE
Postcode
ST5 5BG
Postcode Area
Stoke-on-Trent
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
Not specified
Local Authority
Newcastle-under-Lyme
Electoral Ward
Keele
Westminster Constituency
Newcastle-under-Lyme

Supplier Information

Number of Suppliers
1
Supplier Name

ALVAREZ & MARSAL EUROPE LIMITED

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...