Award

Actuarial expertise

SELLAFIELD LIMITED

This public procurement record has 1 release in its history.

Award

20 Oct 2025 at 13:07

Summary of the contracting process

Sellafield Limited, a public authority in the sub-central government sector, has completed its procurement process for the provision of actuarial expertise services. The contract, titled "Actuarial expertise," was designed to solicit specialist professional financial and actuarial expertise for preparing the IAS19 Valuation of Defined Benefit Pension schemes. The contract was awarded directly, using a 'below threshold - without competition' procurement method, to Isio Group Ltd, a large-scale supplier based in London. The contract was signed on 16th October 2025 and is set to commence on 22nd October 2025, with an initial end date of 20th October 2026, but there is potential for extension until August 2028. The estimated gross value of this contract is £25,200.

This procurement contract offers significant business growth opportunities, especially for companies offering financial auditing services (CPV code 79212100). Firms with capabilities in actuarial and financial advisory services are well-positioned to compete for similar contracts in the future. Additionally, companies experienced in working with public sector clients and large-scale organisations could find potential collaboration avenues through sub-contracting or partnerships with large firms like Isio Group Ltd. The contract's provision for potential extension underscores the opportunity for sustained business engagement.

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Notice Title

Actuarial expertise

Notice Description

Specialist professional financial and actuarial expertise for the preparation of the IAS19 Valuation of the Defined Benefit Pension schemes.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05cfd3
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/066743-2025
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

79212100 - Financial auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£21,000 Under £100K

Notice Dates

Publication Date
20 Oct 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
15 Oct 20254 months ago
Contract Period
21 Oct 2025 - 20 Oct 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
SELLAFIELD LIMITED
Contact Name
Rachael Walker
Contact Email
rachael.walker@sellafieldsites.com
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

ISIO GROUP

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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