Award

Security Trustee Services

WANDLE HOUSING ASSOCIATION LIMITED

This public procurement record has 1 release in its history.

Award

21 Jan 2025 at 17:59

Award Notice
Summary of the contracting process

The Wandle Housing Association Limited has concluded the procurement process for Security Trustee Services, a contract classified under Business services: law, marketing, consulting, recruitment, printing, and security (CPV code 79000000). This process, situated in England, United Kingdom, reached the award stage on 19th February 2024. The procurement involved a limited method with competitive quotation (below threshold). The awarded contract is set to commence on 1st April 2024 and conclude on 31st March 2034. The total contract value is £110,000 GBP, and the primary point of contact is Khadijah Conroy of Wandle Housing Association Limited.

This tender provides substantial opportunities for SMEs, particularly those specializing in legal, security, and financial services. The awarded company, M&G Trustee Company Limited, will act as a security trustee, ensuring that secured assets and collateral are handled correctly. Businesses with expertise in enforcing security, distributing proceeds, and managing claims in bankruptcy proceedings would be well-suited to compete in similar future procurements. The contract period of ten years offers long-term stability and potential for sustained business growth.

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Notice Information

Notice Title

Security Trustee Services

Notice Description

Acting as point of contact between borrowers and the secured creditors. Ensuring that the secured assets and collateral, are released in accordance with conditions in the underlying documentation (and full satisfaction of the relevant payment obligations). Enforcing security and distributing proceeds in accordance with the relevant priority of payments. Filing claims in bankruptcy proceedings.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-efa86ba6-b19f-401b-b1d7-9ca3d17f8d8b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/01b35dea-3faa-4e7d-bedf-41bb2e0ebdf0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£110,000 £100K-£500K
Lots Value
Not specified
Awards Value
£110,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Jan 20251 years ago
Submission Deadline
19 Feb 2024Expired
Future Notice Date
Not specified
Award Date
19 Feb 20242 years ago
Contract Period
31 Mar 2024 - 31 Mar 2034 Over 5 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
WANDLE HOUSING ASSOCIATION LIMITED
Contact Name
Khadijah Conroy
Contact Email
khadijahconroy@wandle.com
Contact Phone
+442086827322

Buyer Location

Locality
LONDON
Postcode
SE1 9BB
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

M&G TRUSTEE

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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