Award

Retained Advisory Support in relation to Financial Crime Risk

NATIONAL WEALTH FUND LIMITED

This public procurement record has 4 releases in its history.

Award

10 Jul 2025 at 10:36

Award

10 Jul 2025 at 10:36

TenderUpdate

16 Apr 2025 at 09:24

Tender

27 Mar 2025 at 13:09

Summary of the contracting process

The procurement process for the contract titled "Retained Advisory Support in relation to Financial Crime Risk" was conducted by National Wealth Fund Limited, a central government public authority located in Leeds, United Kingdom. This process, classified under the industry category "Business and management consultancy and related services," reached the award stage with completion confirmed on 10 July 2025. The procurement utilised an open competition method, specifically a below-threshold procedure. The contract period runs from 8 July 2025 to 7 July 2026, focusing on supplying advisory support concerning financial crime risk and ensuring regulatory compliance.

This procurement presents substantial opportunities for businesses specialising in consultancy, particularly those with expertise in financial crime prevention and regulatory compliance. Small and medium enterprises (SMEs) offering such services have competitive leverage in securing similar public contracts. Businesses adept at providing ad hoc expert consultation and support are well-suited for such opportunities, potentially facilitating their growth within the public sector by addressing the needs of prominent financial authorities. The contract was awarded to New Link Consulting LLP, a consultancy firm based in Essex, indicating the potential for SMEs to engage with high-profile clients like National Wealth Fund Limited.

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Notice Title

Retained Advisory Support in relation to Financial Crime Risk

Notice Description

The supply of retained advisory support in relation to financial crime risk and regulatory compliance (the "Services"). This initiative aims to ensure the NWF continues to meet all regulatory requirements and maintains a proactive approach to financial crime prevention. The Supplier shall be required to supply the Services to the NWF on an ad hoc basis, as and when expert support and guidance is required by the NWF financial crime team. Specification is included in the Invitation To Tender documents posted under the C0969 opportunity via the following Atamis link - https://atamis-3929.my.salesforce-sites.com/ProSpend__CS_PublicLandingPage?SearchType=Projects&searchStr=&sortStr=Recently+Published&page=1&filters=&County=

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04f980
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/038881-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
£50,000 Under £100K
Awards Value
Not specified
Contracts Value
£50,000 Under £100K

Notice Dates

Publication Date
10 Jul 20257 months ago
Submission Deadline
30 Apr 2025Expired
Future Notice Date
Not specified
Award Date
6 Jul 20257 months ago
Contract Period
7 Jul 2025 - 7 Jul 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Contact Name
Not specified
Contact Email
procurement@nationalwealthfund.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

NEW LINK CONSULTING

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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