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GB-Sheffield: Legal services for BBFSL

British Business Financial Services Limited

This public procurement record has 1 release in its history.

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27 Jul 2026 at 09:00

Award Notice
Summary of the contracting process

British Business Financial Services Limited bought specialist legal services for a finance and investment transaction. The appointed legal adviser was required to review the CLN, investment agreement, shareholders’ agreement and Articles of Association, and provide a “red flag” report identifying material legal issues. The constitutional documents were also being amended at the time. This is a legal services requirement within the finance, high-risk and innovation category, using CPV 79100000. The work was for the British Business Bank group and its financial services subsidiary, with delivery associated with Sheffield and the Yorkshire and the Humber area. It concerns transaction documentation and corporate governance rather than general legal support, so it is most relevant to firms with corporate, finance and investment law expertise.

The procurement has been completed and awarded. British Business Financial Services Limited selected Ashurst LLP on 1 May 2026. The award value was £47,000 including the stated currency of GBP. The contract ran from 4 May 2026 to 30 June 2026. The requirement was procured through the Crown Commercial Services RM6360 framework, Lot 3 for Finance and High Risk / Innovation. The tender submission deadline was 30 April 2026. The tender’s stated value was also £47,000. The awarded contract is recorded as active, while the tender status is complete. The award was made for the full requirement rather than being divided into separately identified lots.

Although this contract has already been awarded, it indicates demand from British Business Financial Services Limited for focused legal advice on complex finance and investment transactions. A credible competitor for a future requirement of this kind would need experienced corporate and financial-services lawyers able to review convertible loan notes, investment agreements, shareholders’ agreements and company constitutional documents together. The ability to produce a clear, commercially useful red-flag report is central to the work, including identifying legal, governance and transaction risks while constitutional documents are changing. The route also shows the value of access to a public-sector framework covering finance, high-risk and innovation work. The incumbent was a large law firm, suggesting substantial specialist capacity and relevant transaction experience would be important.

How relevant is this notice?

Notice Information

Notice Title

GB-Sheffield: Legal services for BBFSL

Notice Description

reviewing and providing a "red flag" report on the CLN, the investment agreement, the shareholders' agreement and the Articles of Association (noting that, as discussed, the constitutional documents are currently being slightly amended) British Business Bank (BBB) have utilised the Crown Commercial Services (CCS) RM6360, Lot 3 Finance and High Risk / Innovation 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-b55dd5da-f913-4770-ab28-f64fe316cb72
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6380dd62-fdc3-4a33-b10b-7e2f532d283b
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

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

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£47,000 Under £100K
Lots Value
Not specified
Awards Value
£47,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 May 20265 months ago
Contract Period
4 May 2026 - 30 Jun 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
British Business Financial Services Limited
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

Ashurst LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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