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Recruitment Agency for CEO position

British Business Bank

This public procurement record has 1 release in its history.

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16 Oct 2026 at 17:38

UK7 - Contract Details Notice
Summary of the contracting process

British Business Bank procured executive recruitment services to appoint its chief executive officer. The requirement was for a recruitment agency to support the bank’s CEO appointment, rather than general staffing or recruitment across multiple roles. The service is classified as recruitment services (CPV 79600000). The procurement was structured as a single lot, and the awarded service was for delivery in the United Kingdom. This is a senior, high-profile executive search assignment for a central government-owned business bank, so it concerns identifying and recruiting a chief executive rather than supplying temporary or routine personnel. The buyer is British Business Bank, based in Sheffield.

The procurement is complete and the contract was awarded to Korn Ferry (UK) Limited. The contract was signed on 6 October 2026, with a period running from 7 October 2026 to 4 April 2028. Its value is £130,000 excluding VAT and £156,000 including VAT. The award was made through a selective route, below the applicable threshold and under a framework agreement; the call-off was not competitive. There was one lot. The procurement data does not set out separate scoring or evaluation criteria, so the award basis beyond the framework route is not stated. The successful supplier is a large company. The contract is active.

For executive search firms, this award demonstrates demand from British Business Bank for specialist recruitment support on a chief executive appointment. A credible competitor for a similar requirement would need a proven capability to identify, assess and engage senior leadership candidates, alongside the capacity to manage a high-stakes appointment process for a central government bank. The selected supplier is a large recruitment firm, indicating that the buyer has used an established provider for this assignment. Suppliers whose work centres on routine staffing, temporary labour or recruitment for unrelated roles are less closely aligned with the requirement. The route used was a framework award rather than an open competitive call-off, so firms seeking comparable work would need to understand the relevant framework route and be positioned to provide executive-level search services to this buyer.

How relevant is this notice?

Notice Information

Notice Title

Recruitment Agency for CEO position

Notice Description

For the provision of an Recruitment Agency for the Banks CEO position.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-078a2a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/098217-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Below threshold - award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79600000 - Recruitment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£130,000 £100K-£500K

Notice Dates

Publication Date
16 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
7 Oct 2026 - 4 Apr 2028 1-2 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
British Business Bank
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Korn Ferry (UK) Limited

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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