Notice Information
Notice Title
600000
Notice Description
600000
Lot Information
Administrational Services
Lot 1 - Administrator Having detailed the requirement above for IUKL to have a process in place by which they can appoint an administrator in accordance with the loan agreement if required there are some other key points to consider. The requirement is for Innovate UK Loans Limited to have the ability to appoint their own administrator in cases where a company may be entering distress/default and solicitors when legal work is required. Due to nature of this work, it is difficult to determine the volumes of administration cases that will materialise in the coming months and years. This appointment needs to be made rapidly in a matter of days rather than weeks. These key responsibilities and outputs included, but are not limited to: - Administration, Planning and Statutory Matters - Reviewing appointment and all statutory documents. - Assessing the work needed for the particular case and ensuring that adequate resources are available and ensuring that the appropriate assistance from other professionals, is obtained. - Preparing and issuing all progress reports, including receipts and payments accounts, and providing creditors with a suitable analysis of time costs accrued. - Undertaking file reviews and ensuring compliance with statutory deadlines. - Managing general administrative matters. - Investigations - Undertaking a review of the conduct of the director(s) and reporting thereon. - Reviewing the affairs, trading and transactions of the company, In order to comply with the requirements laid on the Liquidator by statute and by the appropriate Statement of Insolvency Practice Issued by the Association of Business Recovery professionals. - An examination of the company's records and transactions, particularly over the two-year period preceding liquidation. - Raising enquiries with the director(s) in relation to transactions from the Company's bank account and seeking responses to those enquiries. - Reviewing the Company's financial transactions, including those with associated parties. - Investigating matters raised by creditors where appropriate. Considering whether any action can be taken under the provisions of the Insolvency Act. - Realisation of Assets - Appointing and Liaising with Agents in respect to the sale of the Company's intellectual property. - Generally doing all things to dispose of the company's assets in order to maximise the position as regards creditors. - Trading - Post appointment trading (if required) - Creditors - Attending the meeting of creditors. - Receiving and recording all creditor claims. - Liaising with the redundancy payments office in respect of the claims of the employees and submitted forms RP.14 and RP 14a. Reviewing the claims of those employees and calculating any preferential distribution that may be due. - Reviewing the terms of the Security lodged by Innovate UK Loans Limited. Updates with the creditor concerning and distribution that may be due under that security. - Reviewing the realisations received in respect of any amounts which may become due under the prescribed part, where applicable. - Adjudication of creditor claims should a distribution become payable to unsecured creditors. - Reviewing realisations to date in comparison to creditor claims and the costs and expenses of the liquidation and issuing notice of no dividend/ notice of dividend to creditors. - Dealing with all creditor correspondence via letter, fax, email and telephone. - Case Specific Matters - Dealing with statutory and regulatory matters. - Preparing the final return and reporting to the Registrar. - Ensuring the orderly closedown and dissolution of the Company after the distribution to creditors. - Reviewing matters specific to this company which were identified post liquidation and dealing with those matters in an appropriate manner.
Renewal: The initial framework will be for 2 years with the option to extend on an annual basis (2+1+1)
Legal ServicesLot 2 - Legal Services At any time, Innovate UK may need to call on legal advice and assistance, on average within a year, it is likely that Innovate UK would need to use these services around 10 times for various things to do with the portfolio, which include, but not limited to, the following: - drafting, review of loan documentation and (where necessary) registration of security documentation. - drafting new legal documentation - registration and release of security/ charges - loan restructuring related actions and documentation - general legal advice and guidance as and when required - Advice on the establishment of special purpose investment vehicles - Assurance on compliance with subsidy control regimes around the design and implementation of financial programmes for research and development funding activities The portfolio is growing year by year and therefore it is likely that there would be an increase in the need for these services whether it be reviewing loan documents when a new competition is open or assisting with administration cases.
Renewal: The initial framework will be for 2 years with the option to extend on an annual basis (2+1+1)
Lot Lot 1 - Administrational ServicesLot 1 - Administrator Having detailed the requirement above for IUKL to have a process in place by which they can appoint an administrator in accordance with the loan agreement if required there are some other key points to consider. The requirement is for Innovate UK Loans Limited to have the ability to appoint their own administrator in cases where a company may be entering distress/default and solicitors when legal work is required. Due to nature of this work, it is difficult to determine the volumes of administration cases that will materialise in the coming months and years. This appointment needs to be made rapidly in a matter of days rather than weeks. These key responsibilities and outputs included, but are not limited to: - Administration, Planning and Statutory Matters - Reviewing appointment and all statutory documents. - Assessing the work needed for the particular case and ensuring that adequate resources are available and ensuring that the appropriate assistance from other professionals, is obtained. - Preparing and issuing all progress reports, including receipts and payments accounts, and providing creditors with a suitable analysis of time costs accrued. - Undertaking file reviews and ensuring compliance with statutory deadlines. - Managing general administrative matters. - Investigations - Undertaking a review of the conduct of the director(s) and reporting thereon. - Reviewing the affairs, trading and transactions of the company, In order to comply with the requirements laid on the Liquidator by statute and by the appropriate Statement of Insolvency Practice Issued by the Association of Business Recovery professionals. - An examination of the company's records and transactions, particularly over the two-year period preceding liquidation. - Raising enquiries with the director(s) in relation to transactions from the Company's bank account and seeking responses to those enquiries. - Reviewing the Company's financial transactions, including those with associated parties. - Investigating matters raised by creditors where appropriate. Considering whether any action can be taken under the provisions of the Insolvency Act. - Realisation of Assets - Appointing and Liaising with Agents in respect to the sale of the Company's intellectual property. - Generally doing all things to dispose of the company's assets in order to maximise the position as regards creditors. - Trading - Post appointment trading (if required) - Creditors - Attending the meeting of creditors. - Receiving and recording all creditor claims. - Liaising with the redundancy payments office in respect of the claims of the employees and submitted forms RP.14 and RP 14a. Reviewing the claims of those employees and calculating any preferential distribution that may be due. - Reviewing the terms of the Security lodged by Innovate UK Loans Limited. Updates with the creditor concerning and distribution that may be due under that security. - Reviewing the realisations received in respect of any amounts which may become due under the prescribed part, where applicable. - Adjudication of creditor claims should a distribution become payable to unsecured creditors. - Reviewing realisations to date in comparison to creditor claims and the costs and expenses of the liquidation and issuing notice of no dividend/ notice of dividend to creditors. - Dealing with all creditor correspondence via letter, fax, email and telephone. - Case Specific Matters - Dealing with statutory and regulatory matters. - Preparing the final return and reporting to the Registrar. - Ensuring the orderly closedown and dissolution of the Company after the distribution to creditors. - Reviewing matters specific to this company which were identified post liquidation and dealing with those matters in an appropriate manner.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-034ca9
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/033449-2022
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Framework
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- 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
79100000 - Legal services
Notice Value(s)
- Tender Value
- £600,000 £500K-£1M
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £600,010 £500K-£1M
Notice Dates
- Publication Date
- 25 Nov 20223 years ago
- Submission Deadline
- 5 Aug 2022Expired
- Future Notice Date
- Not specified
- Award Date
- 10 Oct 20223 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Active, Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- UK Research & Innovation (UKRI)
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- SWINDON
- Postcode
- SN2 1FS
- Postcode Area
- Swindon
- Country
- England
-
- Major Region (ITL 1)
- TLK South West (England)
- Basic Region (ITL 2)
- TLK7 Gloucestershire and Wiltshire
- Small Region (ITL 3)
- TLK71 Swindon
- Delivery Location
- Not specified
-
- Local Authority
- Swindon
- Electoral Ward
- Rodbourne Cheney
- Westminster Constituency
- Swindon North
Further Information
Open Contracting Data Standard (OCDS)
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.