Award

Advanced Manufacturing- Restructuring and Insolvency Services

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

02 Nov 2022 at 09:43

Award Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy in London has awarded a contract for Accounting, auditing, and fiscal services titled "Advanced Manufacturing- Restructuring and Insolvency Services" to FRP Advisory. The procurement process used a selective method and was a call-off from a framework agreement. The contract, valued at £57,000 GBP, had a tender period ending on 16th September 2022 and a contract period from 17th September 2022 to 14th October 2022.

This tender from the Department for Business, Energy & Industrial Strategy presents opportunities for businesses in the accounting and auditing services sector. Small and medium enterprises (SMEs) are particularly suitable to compete for this contract. Businesses interested in providing these services in London, United Kingdom, could explore potential growth by engaging with the Department for Business, Energy & Industrial Strategy for similar opportunities in the future.

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Notice Information

Notice Title

Advanced Manufacturing- Restructuring and Insolvency Services

Notice Description

A short report to be delivered to BEIS Automotive team by 5pm Friday 23rd September 2022. Report to include: - A high-level assessment of each of the options provided to the company by their own advisors -A review of updated financial information provided by the company (and their advisors) including the 13 week cash flow forecast to assess the options/levers available to minimise cost and overall funding to a potential sale; - A commentary on the conditions that could be attached to any funding/loan to the company including ways in which the facility can be structured to minimise cash leakage; - Review and comment on a potential option associated with HMG acquiring the site for a deferred consideration and leasing the site back to the company. -To comment on any other feasible options available to the company above and beyond the options considered above. To review and comment on the first draft of the terms sheet being prepared by BEIS

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fe3553f4-85ec-43a5-846e-44625a679d6d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/45d0180c-1239-4e69-9112-83428aa88198
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£57,000 Under £100K
Lots Value
Not specified
Awards Value
£57,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Nov 20223 years ago
Submission Deadline
16 Sep 2022Expired
Future Notice Date
Not specified
Award Date
16 Sep 20223 years ago
Contract Period
16 Sep 2022 - 14 Oct 2022 30 days
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 BUSINESS, ENERGY & INDUSTRIAL STRATEGY
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
SW1H 0ET
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
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FRP ADVISORY

Further Information

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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