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Financial and Operational Due Diligence

UK SPACE AGENCY

This public procurement record has 3 releases in its history.

Award

10 Apr 2026 at 16:05

UK7 - Contract Details Notice
Award

11 Mar 2026 at 15:34

UK6 - Contract Award Notice
Award

11 Mar 2026 at 09:54

UK5 - Transparency Notice
Summary of the contracting process

The UK Space Agency has recently concluded a procurement process titled "Financial and Operational Due Diligence," focusing on the services category, aimed at performing updated financial due diligence on two organisations. This follows unforeseen market developments necessitating urgent assessments for programmatic decision-making. The procurement was conducted under a direct award method due to extreme urgency, with Ernst & Young LLP chosen as the supplier. The contract commenced on 30th March 2026 and is set to conclude by 31st July 2026. Located at the Harwell Science and Innovation Campus, Didcot, the UK Space Agency acts as the buying organization. The procurement status is complete, with the procurement method detailing a rationale based on urgency.

This procurement offers substantial growth opportunities for businesses involved in financial consultancy services, particularly those that can respond swiftly to urgent deadlines and operate on a large scale. Given Ernst & Young LLP's established capability and familiarity with the project's complexities and requirements, large firms with extensive sector-specific experience and the ability to mobilise resources quickly are well-suited to compete in similar procurement processes. Moreover, the provision of services in the context of dynamic market conditions presents a unique chance for businesses adept at rapid financial analysis and decision-support services to thrive.

How relevant is this notice?

Notice Information

Notice Title

Financial and Operational Due Diligence

Notice Description

A set of updated financial Due Diligence to be performed on two organisations, that is required following unforeseen developments in the market outside the control of UK Space Agency's that require urgently assessing to assist in programmatic decision making.

Procurement Information

Extreme and unavoidable urgency Developments within the industry that were outside of the control and unforeseeable in impact requires UKSA needs to act quickly to support it's interests and the sector this requires financial DD being performed to inform decision making that has become urgent with timelines not within our control as an organisation. Ernst & Young, who have previously delivered the original work for UKSA/DSIT were chosen as the sole supplier capable of delivery. Their established familiarity with the ask and the organisations involved places them in a unique position to undertake this due diligence quickly and effectively, ensuring both efficiency and value for money.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0666f7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032945-2026
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
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£410,000 £100K-£500K
Contracts Value
£420,000 £100K-£500K

Notice Dates

Publication Date
10 Apr 20265 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Mar 20266 months ago
Contract Period
30 Mar 2026 - 31 Jul 2026 1-6 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
UK SPACE AGENCY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DIDCOT
Postcode
OX11 0DF
Postcode Area
Oxford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ14 Oxfordshire CC
Delivery Location
Not specified
Local Authority
Vale of White Horse
Electoral Ward
Hendreds
Westminster Constituency
Didcot and Wantage

Supplier Information

Number of Suppliers
1
Supplier Name

Ernst & Young LLP

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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