Tender

Lease Financing of Vehicle Assets

WREXHAM COUNTY BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

09 Feb 2026 at 15:40

UK4 - Tender Notice
Summary of the contracting process

Wrexham County Borough Council is inviting bids for the lease financing of seven vehicle assets, with a total value of £1.35 million. This procurement falls under the financial leasing services category and is operating via an open procedure. The tender focuses on a sale and leaseback transaction with a drawdown expected in March 2026. Prospective suppliers have until the 6th of March 2026 at 17:00 GMT to submit their tenders, with enquiries accepted until the 25th of February 2026. The contract period is set from March 26, 2026, to March 25, 2031, and the procurement is aligned with Welsh devolved regulations. The awarding criteria are based solely on price, reflecting a strong emphasis on economic efficiency.

This tender presents a valuable opportunity for businesses involved in financial leasing services to establish or expand their operations within the UK, particularly in the Wrexham region (UKL23). With the procurement method being open, small and medium enterprises (SMEs) are encouraged to participate. This contract could be highly beneficial for those with expertise in handling leaseback transactions and those capable of financing large assets efficiently. By securing this contract, businesses have the potential to build long-term relationships with sub-central government authorities and gain visibility in a competitive market.

How relevant is this notice?

Notice Information

Notice Title

Lease Financing of Vehicle Assets

Notice Description

Wrexham City Borough Council is seeking bids for lease financing of 7 vehicle assets costing PS1.35m The Authority has already purchased these assets and is therefore seeking a sale and leaseback transaction. WCBC is looking for bids of a 5-year primary lease period. A drawdown is expected in March 2026. A full list of the assets is available in the document named "Asset Schedule.xlsx" included as part of this tender pack.

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/011491-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

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
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Feb 2026Today
Submission Deadline
6 Mar 20264 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
26 Mar 2026 - 25 Mar 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WREXHAM COUNTY BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
procurement@wrexham.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
WREXHAM
Postcode
LL11 1AR
Post Town
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

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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