--- title: "Appointment of Accountancy and External Audit Services" ocid: "ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245.json" source: "Contracts Finder" current_stage: "Award" buyer: "THE NATIONAL MUSEUM OF THE ROYAL NAVY" published: "2024-07-29" --- # Appointment of Accountancy and External Audit Services Buyer: THE NATIONAL MUSEUM OF THE ROYAL NAVY Current stage: Award OCID: ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245.json) ## Summary The National Museum of the Royal Navy (NMRN) has completed the procurement process for the appointment of Accountancy and External Audit Services. The procurement was conducted using an open procedure, targeting the South East region of the United Kingdom. This procurement was divided into two lots: Lot 1 for Acting as External Auditors for the Subsidiary Companies and Trusts, and Lot 2 for Statutory Accounts Preparation. Each lot was valued at £250,000. The contract period starts on 8 January 2024 and runs until 8 January 2027, with a possible two-year extension subject to satisfactory performance. The procurement sought to engage SMEs, and the awarded contracts were announced on 22 December 2023, with Compass Accountants Limited and Price Bailey LLP being selected for Lot 2 and Lot 1, respectively. This procurement offers significant opportunities for SMEs specialising in accounting and auditing services. Engaging in such tenders can enhance the reputation and visibility of the appointed firms within the industry, potentially leading to further business growth and opportunities. Businesses with experience in handling statutory accounts and auditing for large organisations or public sector entities would be well-suited to such contracts. Additionally, the specified contract duration allows for a stable, long-term business relationship, facilitating strategic growth and service improvements over time. ## Notice The National Museum of the Royal (NMRN) are looking to appoint for for Accountancy and External Audit Services. The Services are divided into two lots. Potential suppliers are invited to tender for one or either of the two lots. It must, however, be noted that in order to maintain audit independence, the two lots will be awarded to two separate companies. The lots are as follows: Lot 1- Acting as External Auditors for the Subsidiary Companies and Trusts (PS250k) Lot 2- Statutory Accounts Preparation (PS250k) The NMRN is looking for the provision of the Services for a minimum of four and a maximum of six years (with a two-year extension subject to satisfactory performance) commencing with the delivery of the statutory accounts and subsidiaries audit for the financial year 2023-24. It is anticipated that the contracts for the Services will be in place by January 2024. The full scope of requirements can be found in Annex A of the ITT documentation. All clarification questions must be sent to tenders@nmrn.org.uk for response. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ab5d9d61-b734-46a7-a6e0-a1fbb297c55c | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | SME | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 29 Jul 2024 | | Submission deadline | 17 Nov 2023 | | Future notice date | Not specified | | Award date | 22 Dec 2023 | | Contract period | 8 Jan 2024 - 8 Jan 2028 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | £468,000 | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | THE NATIONAL MUSEUM OF THE ROYAL NAVY | | Locality | PORTSMOUTH | | Post town | Portsmouth | | Postcode | PO1 3NH | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ3 Hampshire and Isle of Wight | | ITL 3 | TLJ31 Portsmouth | | Local authority | Portsmouth | | Electoral ward | Charles Dickens | | Westminster constituency | Portsmouth South | | Delivery location | TLJ South East (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 2 | | Supplier names | COMPASS ACCOUNTANTS; PRICE BAILEY | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79210000 - Accounting and auditing services ## Release History - 29 Jul 2024 at 13:54 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ab5d9d61-b734-46a7-a6e0-a1fbb297c55c - 10 Nov 2023 at 16:13 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9c0c3158-dd78-4050-923c-615fb15b6c35 - 17 Oct 2023 at 13:46 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9c0c3158-dd78-4050-923c-615fb15b6c35 - 13 Oct 2023 at 15:17 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9c0c3158-dd78-4050-923c-615fb15b6c35 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/ab5d9d61-b734-46a7-a6e0-a1fbb297c55c 29th July 2024 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/9c0c3158-dd78-4050-923c-615fb15b6c35 10th November 2023 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/a3da9caf-6c8a-4d7a-bd87-50ede160fa30 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/785a897a-5c87-47a7-972c-9d171e64f6bd Must be completed in full and returned as part of your submission. - https://www.contractsfinder.service.gov.uk/Notice/Attachment/2749bdca-7031-4ee5-97d6-7a726a3b7427 Frequently Asked Questions about the NMRN's SQ Forms - https://www.contractsfinder.service.gov.uk/Notice/Attachment/f289bf8b-b2ae-48d9-aa83-9e470de0f876 NMRN's T&Cs for considerations, does not represent final version for this tender. - https://www.contractsfinder.service.gov.uk/Notice/Attachment/c298da1b-bb2b-41c8-b7bb-50a28ed91f88 ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245.json.