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COPORATE FINANCE ADVISORY SERVICE

NORTH EAST FINANCE (HOLDCO) LIMITED

This public procurement record has 2 releases in its history.

Award

08 Jun 2023 at 16:11

Award Notice
Tender

04 Apr 2023 at 11:21

Tender Notice
Summary of the contracting process

The North East Finance (Holdco) Limited has recently concluded a procurement process for the provision of corporate finance advisory services, with the awarded contract titled "COPORATE FINANCE ADVISORY SERVICE." This procurement falls under the services category and involved selecting suppliers based on criteria such as specialist expertise, track record, and ability to deliver high-quality service. The buying organisation is based in Gateshead, United Kingdom, and the procurement was carried out through an open procedure. The awarded suppliers are Azets Holdings Limited and KBL Advisory Limited.

This tender for corporate finance services by North East Finance presents an opportunity for corporate finance firms and practitioners to secure a panel appointment to provide advisory services. Business entities with expertise in portfolio management, early stage private equity, venture capital, and corporate finance solutions in SMEs would be well-suited to compete. The procurement process included evaluation based on value for money, conflict of interest considerations, and specialist knowledge, providing a chance for business growth and collaboration in the finance industry.

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Notice Information

Notice Title

COPORATE FINANCE ADVISORY SERVICE

Notice Description

Provision of corporate finance advisory services

Lot Information

Lot 1

Corporate finance advice on realisation/ disposal of portfolio assets

Options: Three year contract with option to extend to four years

Renewal: Initial contract will be for 3 years from July 2023, with the possibility of extending by a further 12 months by mutual agreement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03bc54
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016335-2023
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, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66140000 - Portfolio management services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Jun 20233 years ago
Submission Deadline
15 May 2023Expired
Future Notice Date
Not specified
Award Date
8 Jun 20233 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTH EAST FINANCE (HOLDCO) LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GATESHEAD
Postcode
NE8 3DF
Postcode Area
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

Supplier Information

Number of Suppliers
2
Supplier Names

Azets Holdings Limited

KBL Advisory Limited

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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