Award

Audit of the Group Accounts (Magnox ESPS - which forms part of the Electricity Supply Pension Scheme)

NUCLEAR RESTORATION SERVICES LTD

This public procurement record has 1 release in its history.

Award

22 May 2025 at 12:15

Summary of the contracting process

Nuclear Restoration Services Ltd, a public authority in the UK, has completed a procurement process for the audit of the Group Accounts associated with the Magnox ESPS, forming part of the Electricity Supply Pension Scheme. This procurement falls under the industry category of insurance and pension services and was conducted through the 'direct' procurement method, classified as below threshold without competition. The awarded contract was formalised on 21st May 2025 and spans from 22nd May 2025 to 31st March 2026. PricewaterhouseCoopers LLP, based in London, was appointed as the supplier due to its existing use within the central scheme, facilitating cost efficiency by avoiding duplicate audits.

This contract presents opportunities for businesses within the financial services and auditing sectors, particularly those with a proven background in pension scheme audits. While this specific tender has concluded, organisations of similar expertise could be well-suited to compete for future opportunities within this domain, especially if they can offer cost-effective solutions akin to those required by the likes of Nuclear Restoration Services. Engaging in such tenders can stimulate business growth by catering to specialised audit requirements of government-associated entities.

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Notice Title

Audit of the Group Accounts (Magnox ESPS - which forms part of the Electricity Supply Pension Scheme)

Notice Description

This is a legal requirement under Pension Act. The Trustee appointed PWC as they are used by the central scheme - which makes it cost effective (i.e.no need for 2 audits).

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051d9b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024790-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£73,280 Under £100K

Notice Dates

Publication Date
22 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 May 20259 months ago
Contract Period
21 May 2025 - 31 Mar 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
NUCLEAR RESTORATION SERVICES LTD
Contact Name
Alwena Owen
Contact Email
alwena.owen@nrservices.uk
Contact Phone
Not specified

Buyer Location

Locality
WARRINGTON
Postcode
WA3 6GR
Post Town
Warrington
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD6 Cheshire
Small Region (ITL 3)
TLD61 Warrington
Delivery Location
Not specified

Local Authority
Warrington
Electoral Ward
Birchwood
Westminster Constituency
Warrington North

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

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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