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Accounting Support

O F W A T

This public procurement record has 1 release in its history.

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31 Jul 2026 at 14:33

UK7 - Contract Details Notice
Summary of the contracting process

The Water Services Regulation Authority, known as Ofwat, commissioned accounting support to review its accounting accounts. This is a professional financial services requirement, covering accounting review and related financial consultancy, transaction processing and clearing-house services. The work is delivered across England and Wales, with the buyer based in Birmingham. It is relevant to accountancy practices, financial advisory firms and public-sector professional services providers able to review organisational accounts and provide dependable financial analysis. The requirement is for a central government public authority and concerns services rather than goods, construction or infrastructure works. The selected supplier was Grant Thornton UK Advisory & Tax LLP, indicating that the buyer used an established large professional services firm for this requirement.

The procurement has been completed and the contract was awarded to Grant Thornton UK Advisory & Tax LLP on 14 July 2026. A contract was signed on 13 July 2026 and is active for the period from 14 July 2026 to 30 November 2026. Its value is £17,500 excluding VAT and £21,000 including VAT. The process used a below-threshold limited competition, with one completed lot. The requirement was treated as a services procurement and the contract covers the review of Ofwat’s accounting accounts. The award and contract relate to the same single supplier and lot. This outcome shows that the buyer procured a short, defined accounting support engagement through a restricted competitive route rather than an open procedure.

For a supplier assessing future work from Ofwat, this procurement demonstrates demand for focused accounting review and financial consultancy delivered across England and Wales. A credible competitor would need staff able to examine accounting accounts, identify and explain financial issues, and provide clear professional advice to a public authority. Experience of regulated or central-government environments would help a supplier understand the scrutiny, documentation and assurance expected, although the published requirement does not state a specific accreditation. The selected provider was a large accountancy and advisory firm, so firms competing when a similar requirement returns would need sufficient professional capacity, quality controls and public-sector delivery experience to handle the work reliably. Smaller accountancy or specialist financial advisory practices may be relevant where they can demonstrate equivalent expertise and dependable resourcing.

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Notice Information

Notice Title

Accounting Support

Notice Description

Review of the Accounting accounts

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06d8f9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/072771-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£17,500 Under £100K

Notice Dates

Publication Date
31 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Jul 2026 - 30 Nov 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
O F W A T
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B5 4UA
Postcode Area
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

Grant Thornton UK 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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