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Audit Services ITT 2025

Sovereign Network Group

This public procurement record has 3 releases in its history.

Award

17 Oct 2025 at 16:50

UK6 - Contract Award Notice
TenderUpdate

04 Jun 2025 at 11:00

UK4 - Tender Notice
Tender

02 Jun 2025 at 16:28

UK4 - Tender Notice
Summary of the contracting process

The procurement process for "Audit Services ITT 2025" was initiated by the Sovereign Network Group, a public undertaking based in Basingstoke, United Kingdom. This procedure sought to re-tender contracts for internal and external audit services, segmented into two distinct Lots. The procurement utilised a selective method through a competitive flexible procedure, culminating in a contract award stage on 17th October 2025. The awarded contracts span an initial four-year term, with the possibility of a three-year extension. The procurement centred on accounting and auditing services within the UK market, specifically focusing on maintaining compliance with statutory auditing requisites.

This tender presents lucrative opportunities for businesses, particularly those specialising in audit services, to partner with a prominent public sector organisation like the Sovereign Network Group. Large scale firms with comprehensive auditing expertise, such as KPMG LLP, who won the contract for External Audit Services, have demonstrated the potential to leverage this tender for substantial growth. Businesses that can offer high-quality audit solutions tailored to meet the evolving legal and strategic requirements within the UK will find this tender particularly advantageous. The requirement of maintaining a clear segregation of duties ensures a fair competitive environment, benefiting diverse auditing service providers looking to expand their public sector portfolios.

How relevant is this notice?

Notice Information

Notice Title

Audit Services ITT 2025

Notice Description

SNG are seeking to re-tender contracts for both internal and external audit services. The tender shall be divided between two Lots: Lot 2 External Audit The Contracts will be for an initial term of 4 years Please note that due to segregation of duty and to prevent conflict of interest, no bidder can enter into a contract for both services.

Lot Information

Internal Audit

The successful internal audit provider will collaborate closely with SNG's internal audit team to deliver internal audit services that align with SNG's strategic objectives. The provider will adhere to the SNG Internal Audit Methodology, including structure and format of reporting, throughout the engagement.

Renewal: Subject to satisfactory performance of the successful bidders, there shall be the option for a 3 year extension to the individual contracts. These extensions shall also be subject to agreement in writing between the Parties

External Audit

SNG is seeking to appoint a supplier to enter into an arrangement for the provision of External Statutory Audit Services, The specific areas of the Company's business to be audited during any resulting arrangement would be based upon the legal requirements for a statutory audit and in line with appropriate accounting legislation. Proposals should allow for any known changes in accounting legislation

Renewal: Subject to satisfactory performance of the successful bidders, there shall be the option for a 3 year extension to the individual contracts. These extensions shall also be subject to agreement in writing between the Parties

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-052b02
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/066487-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

79212000 - Auditing services

79212200 - Internal audit services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£3,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
17 Oct 202510 months ago
Contract Period
3 Nov 2025 - 17 Nov 2029 4-5 years
Recurrence
2029-06-01

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active, Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Sovereign Network Group
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BASINGSTOKE
Postcode
RG21 4FA
Postcode Area
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ37 North Hampshire
Delivery Location
Not specified
Local Authority
Basingstoke and Deane
Electoral Ward
Eastrop & Grove
Westminster Constituency
Basingstoke

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG LLP

Further Information

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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