Award

Required Cash Collection Fees 2025-28

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 1 release in its history.

Award

06 Aug 2025 at 10:59

Summary of the contracting process

The contracting process for "Required Cash Collection Fees 2025-28" was managed by The Mayor and Commonalty and Citizens of the City of London, a sub-central government public authority located in the City of London. The service sought involves cash collection and delivery at various City of London sites, falling under the services category with the CPV classification of collection agency services. This procurement was conducted through a direct method, categorised as below threshold without competition. The contract was actively awarded to Security Plus + Ltd on 26th June 2025, with the contract period spanning from 1st July 2025 to 30th June 2026. The total contract value is £100,000, with a gross value of £120,000.

This tender represents an opportunity for businesses specialising in secure cash handling and transportation to establish a foothold in the lucrative City of London market. Although this specific contract has been awarded, similar opportunities may arise for businesses capable of delivering robust and reliable collection services without the need for competitive tendering. Large-scale companies with established expertise in security and logistics, like Security Plus + Ltd, would be well-suited to compete for similar contracts in the future, enabling them to expand their service portfolio and client base within the public sector.

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Notice Title

Required Cash Collection Fees 2025-28

Notice Description

Provision of cash collection and delivery services at various City of London sites

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-058256
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/046465-2025
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

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


CPV Codes

79940000 - Collection agency services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£100,000 £100K-£500K

Notice Dates

Publication Date
6 Aug 20256 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Jun 20258 months ago
Contract Period
30 Jun 2025 - 30 Jun 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
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON
Contact Name
Not specified
Contact Email
ajibola.akingbade@cityoflondon.gov.uk
Contact Phone
020 7606 3030

Buyer Location

Locality
CITY OF LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified

Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

SECURITY PLUS

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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