This public procurement record has 1 release in its history.

Award

01 Jun 2026 at 11:56

Summary of the contracting process

The Insolvency Service has completed the procurement process for an "External Board Effectiveness Review" as part of its compliance with the corporate governance code for Central Government departments. This initiative called for an independent review of its board's effectiveness, which occurs externally every three years, with the last review conducted in 2023. The process was carried out using a selective procurement method through a framework agreement, categorised under "Research and development services and related consultancy services" (CPV code: 73000000). The contract, valued at £33,624 GBP, was awarded on 12 May 2026, with the contract period spanning from 5 June 2026 to 25 September 2026. The service's activities are located in the United Kingdom.

This tender presents a substantial opportunity for businesses specialising in consultancy services related to corporate governance and board effectiveness. Small and medium enterprises (SMEs) are particularly suitable for this type of project due to the selective procurement method, which can foster competition among smaller firms. The awarded contract to RedQuadrant Ltd, an SME based in London, illustrates the business growth potential for firms equipped to provide independent evaluation services in compliance with government standards. Engaging in such contracts can enhance a company's portfolio and credibility in the public sector consultancy market.

How relevant is this notice?

Notice Title

External Board Effectiveness Review

Notice Description

Independent review of the effectiveness of the Insolvency Service Board (ISB). The corporate governance code for Central Government departments requires the Agency to review the effectiveness of its Board annually. Every three years that review must be conducted by an independent external party. The Agency's most recent external review took place in 2023.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/754fac92-f76c-49e4-b667-1fb583266447
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£33,624 Under £100K
Lots Value
Not specified
Awards Value
£33,624 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Jun 20263 weeks ago
Submission Deadline
10 Apr 2026Expired
Future Notice Date
Not specified
Award Date
11 May 20261 months ago
Contract Period
4 Jun 2026 - 25 Sep 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
THE INSOLVENCY SERVICE
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 2HT
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
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

REDQUADRANT

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540-2026-06-01T12:56:54+01:00",
    "date": "2026-06-01T12:56:54+01:00",
    "ocid": "ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "TIS0839",
        "title": "External Board Effectiveness Review",
        "description": "Independent review of the effectiveness of the Insolvency Service Board (ISB). The corporate governance code for Central Government departments requires the Agency to review the effectiveness of its Board annually. Every three years that review must be conducted by an independent external party. The Agency's most recent external review took place in 2023.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "73000000",
            "description": "Research and development services and related consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 33624,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2026-04-10T17:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2026-06-05T00:00:00+01:00",
            "endDate": "2026-09-25T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/PFcF5f84",
            "name": "The Insolvency Service",
            "identifier": {
                "legalName": "The Insolvency Service",
                "scheme": "GB-SRS",
                "id": "supplierregistration.cabinetoffice.gov.uk/PFcF5f84"
            },
            "address": {
                "streetAddress": "1 Westfield Avenue",
                "locality": "LONDON",
                "postalCode": "SW1P2HT",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Elizabeth Sampson",
                "email": "Elizabeth.sampson@insolvency.gov.uk",
                "telephone": "0300 304 6690"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-335103",
            "name": "RedQuadrant Ltd",
            "identifier": {
                "legalName": "RedQuadrant Ltd"
            },
            "address": {
                "streetAddress": "7 Bell Yard, London, WC2A 2JR"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-supplierregistration.cabinetoffice.gov.uk/PFcF5f84",
        "name": "The Insolvency Service"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540-1",
            "status": "active",
            "date": "2026-05-12T00:00:00+01:00",
            "datePublished": "2026-06-01T12:56:54+01:00",
            "value": {
                "amount": 33624,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-335103",
                    "name": "RedQuadrant Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2026-06-05T00:00:00+01:00",
                "endDate": "2026-09-25T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/754fac92-f76c-49e4-b667-1fb583266447",
                    "datePublished": "2026-06-01T12:56:54+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "contractSigned",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/c84a8443-7e4f-4e2d-9145-07fc48785738",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}