Award

Independent Board Evaluation

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

31 Oct 2025 at 11:00

Summary of the contracting process

The Financial Services Compensation Scheme Limited (FSCS), a sub-central government public authority based in London, has completed a procurement process for an "Independent Board Evaluation". This procurement, associated with FSCS555, was conducted under the legal basis of UKPGA 2023/54. The buyer employed a direct procurement method below threshold, without competition, primarily for services related to business and management consultancy. The award was made to Manchester Square Partners LLP, a London-based SME. The contract, valued at £72,000, covers the period from 1st October 2025 to 30th September 2026, reinforcing compliance with the Corporate Governance Code's three-year evaluation requirement.

This tender process offers significant opportunities for consultancies, particularly those specialising in business and management advisory services. Small to medium enterprises (SMEs) with expertise in such evaluations may find similar opportunities attractive, as the need for external board evaluations remains consistent within organisations adhering to corporate governance mandates. By engaging in such contracts, businesses can potentially strengthen their presence in the public sector consultation market, particularly within the United Kingdom. Businesses with a focus on governance, risk management, and organisational assessment would be well-positioned to pursue future contracts of this nature.

How relevant is this notice?

Notice Information

Notice Title

Independent Board Evaluation

Notice Description

FSCS is seeking to appoint a Provider to undertake an external Board evaluation. Following the Corporate Governance Code this exercise must be done every three years and reported in the annual report and accounts.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d7bf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/070006-2025
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£72,000 Under £100K

Notice Dates

Publication Date
31 Oct 20252 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Sep 20251 months ago
Contract Period
30 Sep 2025 - 30 Sep 2026 6-12 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
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Jean Mutudza
Contact Email
procurement@fscs.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

MANCHESTER SQUARE PARTNERS

Further Information

Notice Documents

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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