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PS25037 - Appointment of Administrators for Innovate UK Loans

UKRI

This public procurement record has 5 releases in its history.

Award

03 Oct 2025 at 10:52

UK7 - Contract Details Notice
Award

11 Aug 2025 at 15:34

UK6 - Contract Award Notice
Tender

14 Apr 2025 at 15:45

UK4 - Tender Notice
PlanningUpdate

12 Mar 2025 at 08:57

UK3 - Planned Procurement Notice
Planning

11 Mar 2025 at 09:20

UK3 - Planned Procurement Notice
Summary of the contracting process

The procurement process under discussion involves the UK Research and Innovation (UKRI) as the buying organisation and centres on the service of appointing administrators for Innovate UK Loans, with an overall project exposure of £219 million. Set at Polaris House in Swindon, United Kingdom, this tender is categorised within the legal services industry. The process has successfully passed through the tender and award stages, with key dates including the tender submission deadline on 22nd May 2025 and the contract commencement on 4th September 2025. Using an open procedure, it concluded with an award to Menzies LLP and was announced on 3rd October 2025. The contract value is specified at £200,000 with a gross amount of £240,000, allowing for a potential one-year extension beyond its initial term ending in August 2027.

This tender presents substantial business growth opportunities, particularly for licensed insolvency practitioners across the UK. Companies specializing in legal, financial, and administration services stand to benefit due to the nature of the services required, which involves handling administrations for businesses unable to meet loan obligations. Small and medium-sized enterprises (SMEs) in these sectors, with the capability and experience in insolvency proceedings, are in a favourable position to contribute to, and expand through, contracts in this and similar sectors. Additionally, this procurement provides a platform for businesses to reinforce their reputation and expand operations within the public sector, especially given the comprehensive and high-profile nature of the Innovate UK loan portfolio.

How relevant is this notice?

Notice Information

Notice Title

PS25037 - Appointment of Administrators for Innovate UK Loans

Notice Description

The final date and time for the submission of bids is Thursday 22nd May 2025 at 11:00 hrs DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. Brief Description of Requirement At present the IUKL loan portfolio consists of around 260 businesses with an overall exposure of PS219m. Due to the early-stage nature of the businesses in the portfolio the expectation is that a considerable number will not be successful in achieving their objectives and will ultimately be unable to repay their innovation loan as planned. If a company is in debt and cannot pay the money that it owes it will typically be placed into administration. To facilitate this process there will be an appointment of an administrator either by the directors, a creditor or the court to fulfil the administration process. To date there have been 41 businesses in the IUKL portfolio that have entered administration, however in all bar one of these cases the administrator has been appointed by the company themselves when they have filed for administration. The exception to this was for a potential fraudulent case and the administrators were appointed from the previous panel that IUKL had. Whilst there is currently the provision for IUKL to appoint an administrator under the terms of the debenture noted above, there is not the necessary process in place for an administrator to be appointed directly by IUKL. Therefore, the current issue is logistical rather than not having the necessary rights. This procurement is to address the requirement in some case for IUKL to appoint an administrator and to have an existing contract in place which can be utilised when required. The administrator should be licensed insolvency practitioners based within the UK. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the Supplier Attachments tab within the Jaggaer eSourcing Portal. This contract will be awarded based on the evaluation criteria as set out in the RFP document. How to Apply UK Shared Business Services Ltd (UKSBS) will be using the Jaggaer eSourcing Portal for this procurement. To register on the Jaggaer eSourcing portal please use the link https://beisgroup.ukp.app.jaggaer.com/ and follow the instructions to register as a supplier. If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: https://beisgroup.ukp.app.jaggaer.com/. Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the reference number PS25037 and Jaggaer ITT reference number 2064.

Lot Information

Lot 1

Renewal: This contract has the option to extend for 1 year (2+1)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04eb4b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/062038-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
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
£200,000 £100K-£500K
Lots Value
£200,000 £100K-£500K
Awards Value
£200,000 £100K-£500K
Contracts Value
£200,000 £100K-£500K

Notice Dates

Publication Date
3 Oct 202510 months ago
Submission Deadline
22 May 2025Expired
Future Notice Date
19 Mar 2025Expired
Award Date
11 Aug 20251 years ago
Contract Period
4 Sep 2025 - 31 Aug 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UKRI
Additional Buyers

UK Research and Innovation

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 1FL
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

Supplier Information

Number of Suppliers
1
Supplier Name

Menzies LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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