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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 01:00

OJEU - F3 - Contract Award Notice
Tender

30 Mar 2026 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Scottish Enterprise procured execution-only brokerage for listed shares, appointing one supplier to buy and sell listed securities on its instructions without providing investment advice. This is a regulated financial services requirement rather than a general banking, investment management or corporate finance service. The buying organisation is Scottish Enterprise, based in Glasgow. The procurement falls within financial intermediation services, including stockbroking, and covers the organisation’s listed-share transactions. The service requires a broker able to receive and execute orders, handle associated transaction processes and support Scottish Enterprise’s operational requirements. It is a single-supplier arrangement, so the relevant market is specialist stockbrokers and regulated firms that can deliver execution-only dealing for a public-sector client.

The procurement is complete and was awarded through an open procedure. One bid was received and Evelyn Partners was selected as the supplier. The contract value is £402,000, and the contract was signed on 16 June 2026. The initial term is 48 months, with options for two further 12-month extensions. Quality carried 60% of the evaluation weighting and price 40%; variants were not allowed. Bids had to remain valid for 90 days, and a document access fee applied. The successful broker had to be registered with the Financial Conduct Authority or an equivalent regulator, provide staff names and qualifications, submit in English, and complete the required Climate Change Plan template. Electronic payment and ordering apply, with electronic invoicing permitted.

This award shows a defined public-sector demand for regulated, execution-only listed-share brokerage delivered by one capable provider. Firms considering future work for Scottish Enterprise would need FCA registration or equivalent authorisation, demonstrable ability to execute listed-share transactions reliably, and suitably qualified personnel whose names and credentials can be provided. The requirement favours an established brokerage with the operational controls, compliance arrangements and capacity to support a public-sector client over a multi-year relationship. The procurement also required electronic ordering and payment processes, English-language submissions and a completed climate change plan, so credible competitors should be able to meet those governance and sustainability requirements alongside the dealing service. The sole bid and selection of a large supplier indicate the importance of institutional capability and resilience.

How relevant is this notice?

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-r6ebe6-0000827735
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP564662
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract 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 20263 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
Complete
Awards Status
Not Specified
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Additional Buyers

Scottish Government

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

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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