Tender

Brighter Futures for Children Request for Proposal (RFP) - External Auditor Services

BRIGHTER FUTURES FOR CHILDREN

This public procurement record has 1 release in its history.

Tender

13 Sep 2023 at 14:51

Summary of the contracting process

The Brighter Futures for Children Limited is seeking external audit services through a tender process for the remaining two accounting periods, 2024/25 and 2025/26. This tender opportunity arises from the need to appoint auditors in line with the Companies Act due to their 7-year contract with Reading Borough Council for running Children’s Services in Reading. There is a possible extension of up to three years beyond 2026, creating a business opportunity in auditing services. The deadline for submission is on 13th October 2023, and the procurement stage is currently active.

Businesses in the auditing services industry are well-suited to compete for this tender opportunity by providing external audit services to a sizeable entity with a £75 million turnover per annum and 500 employed staff. The procurement method is an open procedure, and the submission method requires written submissions. Located in Reading, this contract offers a chance for growth and partnership with Brighter Futures for Children Limited, a public service company governed by public law. Its significance lies in the continued provision of services to the community through transparent and accountable financial practices.

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Notice Title

Brighter Futures for Children Request for Proposal (RFP) - External Auditor Services

Notice Description

As a private company Brighter Futures for Children Limited are required to appoint auditors in line with the Companies Act. The Company therefore requires the services of an external auditor. Brighter Futures for Children Limited, is already 5 years into a 7year contract with Reading Borough Council (RBC) to run Children's Services in Reading. The year end is 31 March 2024, and this tender is to provide external audit services for remaining two year accounting periods 2024/25, 2025/26. Please note there is a possible extension of a further three years should RBC issue a further contract to Brighter Futures for Children Limited beyond March 2026.Overall, the size of the entity is PS75m turnover per annum and 500 staff are employed. Further information about the background to the establishment of the company can be found in the attached Council report concerning the creation of the company.

Lot Information

Lot 1

As a private company Brighter Futures for Children Limited are required to appoint auditors in line with the Companies Act. The Company therefore requires the services of an external auditor. Brighter Futures for Children Limited, is already 5 years into a 7year contract with Reading Borough Council (RBC) to run Children's Services in Reading. The year end is 31 March 2024, and this tender is to provide external audit services for remaining two year accounting periods 2024/25, 2025/26. Please note there is a possible extension of a further three years should RBC issue a further contract to Brighter Futures for Children Limited beyond March 2026.Overall, the size of the entity is PS75m turnover per annum and 500 staff are employed. Further information about the background to the establishment of the company can be found in the attached Council report concerning the creation of the company.

Renewal: Extension of up to 3 years subject to BFfC services to Reading Borough Council are continued beyond March 2026.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03fc7b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027119-2023
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
13 Sep 20232 years ago
Submission Deadline
13 Oct 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BRIGHTER FUTURES FOR CHILDREN
Contact Name
Kelly Hallett
Contact Email
pchub@reading.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
READING
Postcode
N/A
Post Town
Not specified
Country
Not specified

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
TLJ11 Berkshire

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

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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