Award

PS25066 - Temporary Administration Services for Innovate UK Loans

UK RESEARCH AND INNOVATION

This public procurement record has 1 release in its history.

Award

08 Apr 2025 at 12:31

UK7 - Contract Details Notice
Summary of the contracting process

UK Research and Innovation has concluded a contract titled "PS25066 - Temporary Administration Services for Innovate UK Loans," under the industry category of administration services. The procurement, led by UK Shared Business Services Ltd, was for temporary administration and legal support services for Innovate UK Loans in cases of company distress or default. The process was initiated as a limited competition procurement exercise, and the contract was awarded on 26th March 2025 to Menzies LLP. The contract, valued at £50,000 gross, will run from 26th March 2025 until 31st July 2025, and it is expected to require rapid appointment capabilities due to the unpredictable nature of the work involved.

This tender represents significant opportunities for businesses specialising in temporary administration and legal services, particularly those capable of providing swift response times under pressure. Companies with experience in handling corporate distress situations and offering tailored legal solutions would find this contract especially relevant. As the requirement involves a range of potential administrative and legal tasks, including appointing administrators and solicitors, firms with a broad skill set in these areas would be well-suited to compete for similar future contracts.

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Notice Information

Notice Title

PS25066 - Temporary Administration Services for Innovate UK Loans

Notice Description

***** THIS IS A CONTRACT DETAILS NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a limited competition procurement exercise. Brief Description of Requirement 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/or 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04feba
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013648-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

CPV Codes

75100000 - Administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£48,000 Under £100K

Notice Dates

Publication Date
8 Apr 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Mar 202511 months ago
Contract Period
26 Mar 2025 - 31 Jul 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK RESEARCH AND INNOVATION
Additional Buyers

UK SHARED BUSINESS SERVICES LTD

Contact Name
Not specified
Contact Email
commercial@ukri.org, professionalservices@uksbs.co.uk
Contact Phone
Not specified

Buyer Location

Locality
SWINDON
Postcode
SN2 1FL
Post Town
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

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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