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Financial Wellbeing Services

London Borough of Sutton

This public procurement record has 1 release in its history.

Award

24 Sep 2026 at 14:43

UK7 - Contract Details Notice
Summary of the contracting process

London Borough of Sutton has commissioned competitively priced loan services for its staff, under the Financial Wellbeing Services requirement. The work is a staff financial wellbeing service focused on providing access to loans; the award classifies it as financial management consultancy services (CPV 79412000). Delivery is in Sutton, within the London Borough of Sutton. The requirement is for the council’s workforce rather than a general public lending service.

The procurement is complete and awarded through a direct, below-threshold route without competition. One lot was awarded to Salary Finance Limited. The contract was signed on 24 March 2026 and runs from 1 April 2026 to 31 March 2029. Its stated gross value is £37,600. The award is active and the contract is active. The procurement information does not state separate scoring or evaluation criteria; the buying description identifies competitively priced loans for staff as the requirement.

For suppliers assessing comparable work with London Borough of Sutton, this award indicates demand for an employee loan service that offers competitively priced borrowing. A credible provider would need to deliver loans suitable for an employer’s staff and demonstrate a service model aligned with workplace financial wellbeing. Salary Finance Limited, identified as an SME, was selected, showing that a smaller specialist provider can serve this requirement. The route used was a direct award without competition, so this process does not establish a competitive scoring model or a supplier capability threshold. The commercial fit is strongest for lenders or financial wellbeing providers able to support an employer-sponsored staff service and offer competitively priced loans.

How relevant is this notice?

Notice Information

Notice Title

Financial Wellbeing Services

Notice Description

Provision of competitively priced loan services for staff.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0779a7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/090634-2026
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
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£37,600 Under £100K

Notice Dates

Publication Date
24 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2026 - 31 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Sutton
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Postcode Area
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
Not specified
Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

Supplier Information

Number of Suppliers
1
Supplier Name

Salary Finance

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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