Award

Con_27595 Insolvency & Restructuring Panel

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

09 May 2025 at 14:01

Award Notice
Summary of the contracting process

The Department for Education has concluded the award stage for the procurement titled "Con_27595 Insolvency & Restructuring Panel," focusing on accounting and auditing services. The panel, essential for managing financially distressed further education institutions, spans several UK regions, including London, North East, North West, and more. This procurement, carried out through a call-off from a framework agreement under a selective method, had its contract period start on 14th April 2025 and will run until 30th April 2028. The total contract value is £1,457,143 GBP, and the procurement was awarded to Evelyn Partners LLP on the 14th of April 2025, as reflected in the award notice published on the 9th of May 2025.

This tender offers substantial business growth opportunities, especially for SMEs and organisations with experience in financial restructuring or insolvency management within the education sector. Companies specialising in professional services that support distressed educational providers can utilise this panel to expand their service offerings across multiple UK regions. The procurement process, completed under the Department for Education's auspices, highlights potential recurrent engagements for successful bidders, underpinning long-term relationships through the established panel.

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Notice Information

Notice Title

Con_27595 Insolvency & Restructuring Panel

Notice Description

To support the implementation of the FE insolvency regime and its underlying legislation, TFEA, which received royal ascent in 2017, infrastructure is required to allow financially distressed colleges to be assessed and, if necessary, managed through restructuring / insolvency. Accordingly, a professional services panel is required as part of this infrastructure. The panel will also be available for other financially distressed providers which may require restructuring or managed through an insolvency process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bebcdbb7-9637-4d56-9ad8-b5e0090ecd27
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/564853df-fd45-49f2-b2fb-1177c894c8d6
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, VCSE
Awardee Scale
SME

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
£1,457,143 £1M-£10M
Lots Value
Not specified
Awards Value
£1,457,143 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 May 20259 months ago
Submission Deadline
13 Jan 2025Expired
Future Notice Date
Not specified
Award Date
13 Apr 202510 months ago
Contract Period
13 Apr 2025 - 30 Apr 2028 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
DEPARTMENT FOR EDUCATION
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
SW1P 3BT
Post Town
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
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

EVELYN PARTNERS

Further Information

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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