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Lease Financing of Vehicle Assets

Wrexham County Borough Council

This public procurement record has 2 releases in its history.

Award

12 Mar 2026 at 17:31

UK6 - Contract Award Notice
Tender

09 Feb 2026 at 15:40

UK4 - Tender Notice
Summary of the contracting process

Wrexham County Borough Council has completed the procurement process for lease financing of vehicle assets valued at £1.35m. The process involved an open procedure, highlighting the Council’s methodical approach to sourcing suppliers. Located in Wrexham, United Kingdom, the procurement fell under the 'services' industry category, specifically financial leasing services. The award notice was published on 12 March 2026, with Siemens Financial Services Ltd identified as the pending supplier. The contract will commence on 27 March 2026 and run until 26 March 2031. The tender planning involved consultancy support to adhere to Welsh devolved regulations, ensuring a smooth sale and leaseback operation with key deadlines in March 2026.

This tender presents a significant opportunity for businesses, particularly those specialising in financial leasing services, to explore new market avenues within the public sector. Companies with expertise in lease financing could leverage this opportunity to expand their portfolio and establish stronger ties with governmental entities. The procurement was conducted using an open procedure with evaluation criteria heavily weighted on price, attracting bids from three entities although none from SMEs or VCSEs reached the final stage. Suppliers with large-scale operations in leasing arrangements or expertise in vehicle asset management stand to benefit substantially, as this project aligns with public authority requirements under regional guidance.

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Notice Information

Notice Title

Lease Financing of Vehicle Assets

Notice Description

Wrexham City Borough Council sought bids for lease financing of 7 vehicle assets costing PS1.35m.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-064b75
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022592-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66114000 - Financial leasing services

Notice Value(s)

Tender Value
£1,350,000 £1M-£10M
Lots Value
£1,350,000 £1M-£10M
Awards Value
£1,350,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 20266 months ago
Submission Deadline
6 Mar 2026Expired
Future Notice Date
Not specified
Award Date
12 Mar 20266 months ago
Contract Period
27 Mar 2026 - 26 Mar 2031 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Wrexham County Borough Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WREXHAM
Postcode
LL11 1AR
Postcode Area
Llandudno
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL34 Flintshire and Wrexham
Delivery Location
TLL23 Flintshire and Wrexham
Local Authority
Wrexham
Electoral Ward
Grosvenor
Westminster Constituency
Wrexham

Supplier Information

Number of Suppliers
1
Supplier Name

Siemens Financial Services Ltd

Further Information

Notice Documents

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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