Award

GB-Sheffield: MD Direct Investment Recruitment

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

26 Sep 2025 at 14:30

Summary of the contracting process

The public procurement process for recruiting a Managing Director for direct investment has been concluded by the British Business Bank, located in Sheffield. The tender, classified under recruitment services (CPV code 79600000), involved a contract valued at £70,000. The procurement stage is the award phase, with the contract active from 12th September 2025 until 11th September 2026. The recruitment services cover a wide range of locations, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, and the United Kingdom. The procurement method was unspecified, and the award to "Drax Altus" was published on 26th September 2025. This project was aligned with the Bank's standard financial instructions (SFIs).

This tender presents significant opportunities for businesses specialising in recruitment, particularly those experienced with high-level executive placements. Organisations capable of handling international requirements will find this in line with their growth strategies, given the worldwide scope of delivery. While the contract is not specifically aimed at SMEs or VCSEs, larger firms like the awarded supplier, Drax Altus, are well-positioned due to the scale of the service demands and value involved. Such contracts can provide substantial business growth by establishing relationships with prominent institutions such as the British Business Bank and enhancing pre-existing service portfolios.

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Notice Title

GB-Sheffield: MD Direct Investment Recruitment

Notice Description

For the provision of recruitment services for a Managing Director, direct investment. This was procurement inline with the Banks standing financial instructions (SFI's)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e0264963-a018-4710-ba5c-ee9389afd56c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/818e1616-65d4-4dce-b30d-fe0f6d3918c4
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

79600000 - Recruitment services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£70,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Sep 20255 months ago
Submission Deadline
4 Aug 2025Expired
Future Notice Date
Not specified
Award Date
4 Aug 20256 months ago
Contract Period
11 Sep 2025 - 11 Sep 2026 6-12 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
BRITISH BUSINESS BANK
Contact Name
Procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
+441142127877

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
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
Not specified

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

DRAX ALTUS

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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