Award

Financial and Operational Due Dilligence

UK SPACE AGENCY

This public procurement record has 2 releases in its history.

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, headquartered at Harwell Science and Innovation Campus in Didcot, has completed the procurement process for conducting updated financial and operational due diligence. This tender, titled "Financial and Operational Due Diligence," falls within the services category targeted at financial consultancy. The procurement was urgent, employing a direct award method, and led to Ernst & Young LLP being chosen to perform the due diligence tasks effectively. The contract valued at £492,000 is slated to start on 24th March 2026 and conclude by 31st July 2026, with operations conducted across the United Kingdom.

This tender provides a substantial opportunity for businesses specialising in financial consultancy services to expand their portfolio by working on critical assessments that directly inform programmatic decisions within high-impact sectors. Ernst & Young LLP’s existing familiarity with the organisations involved positions them ideally to deliver swift and effective outcomes while ensuring both value for money and efficiency, making this an advantageous contract for large-scale financial advisory firms with a capability to execute urgent assessments within constrained timelines. Such opportunities reinforce the growth potential for businesses, particularly those with established expertise in dealing with unforeseen market developments and tight schedules.

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Notice Information

Notice Title

Financial and Operational Due Dilligence

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

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/021897-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award 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
Not specified

Notice Dates

Publication Date
11 Mar 20263 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Mar 20265 days ago
Contract Period
24 Mar 2026 - 31 Jul 2026 1-6 months
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
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
Post Town
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

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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