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Broker for Listed Shares

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

16 Sep 2026 at 15:05

Award Notice
Tender

30 Mar 2026 at 16:06

Tender Notice
Summary of the contracting process

Scottish Enterprise appointed a single supplier for execution-only brokerage services for listed shares. The requirement covers brokerage and related securities and commodities services, allowing the organisation to arrange transactions without receiving investment advice under the service. The buyer is Scottish Enterprise, based in Glasgow, and the work is to be delivered in Scotland. The procurement is classified as services and relates to one requirement rather than separate service areas. The contract also involves electronic ordering, electronic payment and permitted electronic invoicing. Suppliers needed to provide the names and qualifications of staff assigned to the work, and the procurement required a Climate Change Plan to be completed and returned. This is relevant to regulated investment firms, stockbrokers and securities intermediaries with UK operating capability.

The procurement has been awarded and the contract is active. Evelyn Partners was selected as the supplier, with one bid received; the published contract value is £402,000. The contract was signed on 16 June 2026. The initial contract period is 48 months, with options to extend for two further 12-month periods, giving a stated maximum duration of 2,160 days. The award followed an open procedure. Bids had to be submitted electronically by 4 May 2026 at 11:00, in English, with a 90-day validity period. Evaluation weighted quality at 60% and price at 40%. Participation required registration with the Financial Conduct Authority or an equivalent body. A document-access fee applied, variants were not allowed, and the tender was covered by the Government Procurement Agreement.

This award indicates demand from a Scottish public economic development body for a regulated execution-only listed-share brokerage service delivered through a single provider. A credible future competitor would need Financial Conduct Authority registration or equivalent authorisation, with the governance and controls expected of a securities intermediary. Relevant capability includes executing listed-share transactions accurately, handling electronic orders and payments, maintaining appropriate operational systems, and supporting public-sector procurement and invoicing processes. The requirement also favours firms able to identify suitably qualified delivery staff and provide their names and qualifications during tendering. Experience of producing a Climate Change Plan would be important, as climate-related contractual requirements formed part of the procurement. The single-bid outcome suggests a narrow field of directly suitable providers, making regulatory standing and demonstrable brokerage capacity particularly important.

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Notice Information

Notice Title

Broker for Listed Shares

Notice Description

The purpose of this ITT is to appoint a single supplier to deliver Execution Only listed share brokerage services, as set out in the Invitation to Tender, to Scottish Enterprise.

Lot Information

Lot 1

The purpose of this ITT is to appoint a single supplier to deliver Execution Only listed share brokerage services, as set out in the Invitation to Tender, to Scottish Enterprise.

Renewal: Contract for an initial period of 48 months with the option to extend for a further 2 periods of 12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06782c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/087855-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66130000 - Brokerage and related securities and commodities services

Notice Value(s)

Tender Value
£402,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£402,000 £100K-£500K

Notice Dates

Publication Date
16 Sep 20262 weeks ago
Submission Deadline
4 May 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Evelyn Partners LLP

Further Information

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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