Award

External Audit Services

GENTOO GROUP

This public procurement record has 1 release in its history.

Award

16 Feb 2023 at 11:09

Award Notice
Summary of the contracting process

The Gentoo Group Limited, based in Sunderland, United Kingdom, has awarded a contract for External Audit Services. This procurement process, with an ID of REQ - 414-48, falls under the financial auditing services category. The contract period is 36 months, extendable up to 60 months, starting from April 1, 2023. The tender period ended on December 19, 2022. The successful supplier, Beever and Struthers, will provide external audit, accountancy advisory, and loan covenant compliance services to various entities within the Gentoo Group before key deadlines in September and July for financial reporting compliance.

This tender offers an opportunity for businesses specializing in financial auditing and accounting review services to engage with Gentoo Group, particularly those able to meet stringent financial reporting deadlines and compliance requirements. Suppliers must be prepared to deliver services for a defined benefit and defined contribution pension plan, covering a wide range of housing and property management activities. As the contract falls under an open procedure, businesses interested in long-term partnerships and demonstrating high performance standards are well-suited to compete and potentially contribute to Gentoo Group's financial and operational success.

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Notice Information

Notice Title

External Audit Services

Notice Description

Gentoo Group Limited ("Gentoo", "The Group") are seeking to award a contract for the provision of External Audit Services. The Successful Supplier will be required to provide external audit, accountancy advisory and loan covenant compliance services to the Group. The Group includes the following entities all with a 31 March year end: * Gentoo Group Limited Parent housing association and registered provider of social housing. Parent company of all subsidiaries below. * Gentoo Homes Limited A private limited company providing development and open market sales. * Gentoo Developments Limited A private limited company with prior principal activities being open market sales. The company remains active to account for final costs. * Gentoo Genie Limited A private limited company also registered with the FCA administering home purchase plans. This company does not provide new home purchase plans and remains active to administer plans for c. 20 customers. * Genie Homeplan Limited A private limited company being a trust company holding the legal title for assets subject to Home Purchase Plans administered by Gentoo Genie Limited. To meet Group deadlines and filing requirements Group and subsidiary accounts are required to be signed prior to 27th September. This is except for Gentoo Genie which has a 27th July filing deadline to comply with FCA requirements. Annual loan covenant requirements are currently: * Six monthly Minimum Performance Level and Annual Income Test Statements for one funder due 14th April and 14th October. * Annual Statement for one funder due 27th September. This currently reports on three covenants (gearing, asset and interest cover) based on the annual audited financial statements. Gentoo Group Limited is the employing entity of c.1,000 employees. The Group operates both a Defined Benefit and Defined Contribution pension plan. Gentoo is a provider of social housing with the Regulator of Social Housing (RSH), which acts as its regulator. Its current principal activities comprise: * Ownership and management of over 29,000 units of housing stock comprising general needs, shared ownership and supported accommodation. * Development of new social housing. * An external maintenance programme. * Ownership and management of commercial and market rent properties accounted for as investment properties. The contract will be in place for a 36 month period, with the option to extend by 2 x 12 month periods, providing there is still a requirement / budget and the successful supplier is performing to a satisfactory standard. The duration will not exceed 60 months. Additional information: .

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c516ed11-4546-4988-920b-db215323ea22
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/28b141cd-2d0d-48cd-b77f-9c7fd1a1dc85
Current Stage
Award
All Stages
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212100 - Financial auditing services

79212500 - Accounting review services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£394,062 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Feb 20233 years ago
Submission Deadline
19 Dec 2022Expired
Future Notice Date
Not specified
Award Date
3 Feb 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2026 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
GENTOO GROUP
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUNDERLAND
Postcode
SR3 3XR
Post Town
Sunderland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC44 Sunderland
Delivery Location
TLC North East (England)
Local Authority
Sunderland
Electoral Ward
Doxford
Westminster Constituency
Houghton and Sunderland South

Supplier Information

Number of Suppliers
1
Supplier Name

BEEVER AND STRUTHERS

Further Information

Notice Documents

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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