Award

Legal support in relation to loan and securities collateral

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

10 Nov 2025 at 10:13

Summary of the contracting process

The public procurement process, initiated and completed by the Bank of England, involved the provision of legal services pertaining to loan and securities collateral. This contract falls within the services industry category, focusing on legal support, and was specifically aimed at reviewing a limited scope of loan and securities collateral. Located in the United Kingdom, the process was executed under a direct procurement method, classified as below threshold without competition. The contract was awarded to Pinsent Masons LLP, a large-scale legal firm, on 30th October 2025, and will remain active until 29th October 2028. The procurement process followed a 'light touch' regime as per UK legislation 2023/54.

This tender represents a significant opportunity for the contracted legal firm, Pinsent Masons LLP, to engage with central government operations, thereby potentially enhancing their profile and experience in high-level legal advisory roles within the financial sector. Businesses specialising in legal services, particularly those with expertise in financial collateral, would find such tenders advantageous for expanding their influence and client base within public authorities. The nature of the direct award indicates specific engagement criteria, which underscores the importance of specialised knowledge and established credentials in securing similar future contracts.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Legal support in relation to loan and securities collateral

Notice Description

Legal services to support reviews of a limited scope of loan and securities collateral

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05dd51
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/072271-2025
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

79100000 - Legal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£280,000 £100K-£500K

Notice Dates

Publication Date
10 Nov 20253 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Oct 20253 months ago
Contract Period
30 Oct 2025 - 29 Oct 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
askprocurement@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
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
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PINSENT MASONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-05dd51-2025-11-10T10:13:47Z",
    "date": "2025-11-10T10:13:47Z",
    "ocid": "ocds-h6vhtk-05dd51",
    "initiationType": "tender",
    "parties": [
        {
            "id": "GB-COH-RC000042",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "scheme": "GB-COH",
                "id": "RC000042"
            },
            "additionalIdentifiers": [
                {
                    "scheme": "GB-PPON",
                    "id": "PRDB-1113-HPPT"
                }
            ],
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "London",
                "postalCode": "EC2R 8AH",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKI31"
            },
            "contactPoint": {
                "email": "askprocurement@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "scheme": "UK_CA_TYPE",
                        "id": "publicAuthorityCentralGovernment",
                        "description": "Public authority - central government"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-166115",
            "name": "Pinsent Masons LLP",
            "address": {
                "streetAddress": "58 Morrison Street",
                "locality": "Edinburgh",
                "postalCode": "EH3 8BP",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKM75"
            },
            "contactPoint": {
                "email": "howat.duncan@pinsentmasons.com"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large",
                "vcse": false
            }
        }
    ],
    "buyer": {
        "id": "GB-COH-RC000042",
        "name": "BANK OF ENGLAND"
    },
    "tender": {
        "id": "CON/1001930",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Legal support in relation to loan and securities collateral",
        "description": "Legal services to support reviews of a limited scope of loan and securities collateral",
        "status": "complete",
        "procurementMethod": "direct",
        "procurementMethodDetails": "Below threshold - without competition",
        "specialRegime": [
            "lightTouch"
        ],
        "lots": [
            {
                "id": "1",
                "status": "complete"
            }
        ]
    },
    "awards": [
        {
            "id": "1",
            "status": "active",
            "mainProcurementCategory": "services",
            "suppliers": [
                {
                    "id": "GB-FTS-166115",
                    "name": "Pinsent Masons LLP"
                }
            ],
            "items": [
                {
                    "id": "1",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "79100000",
                            "description": "Legal services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UK",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "1"
                }
            ],
            "relatedLots": [
                "1"
            ]
        }
    ],
    "contracts": [
        {
            "id": "1",
            "awardID": "1",
            "status": "active",
            "period": {
                "startDate": "2025-10-30T00:00:00Z",
                "endDate": "2028-10-29T23:59:59Z"
            },
            "value": {
                "amountGross": 336000,
                "amount": 280000,
                "currency": "GBP"
            },
            "aboveThreshold": false,
            "dateSigned": "2025-10-30T00:00:00Z",
            "documents": [
                {
                    "id": "072271-2025",
                    "documentType": "contractNotice",
                    "noticeType": "UK7",
                    "description": "Contract details notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/072271-2025",
                    "datePublished": "2025-11-10T10:13:47Z",
                    "format": "text/html"
                }
            ]
        }
    ],
    "language": "en"
}