---
title: "UK SBS PS17307 SIL Financial Services"
ocid: "ocds-b5fd17-459e7bf3-afbf-4007-b282-89d771da66b6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-459e7bf3-afbf-4007-b282-89d771da66b6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-459e7bf3-afbf-4007-b282-89d771da66b6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-459e7bf3-afbf-4007-b282-89d771da66b6.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "UK SHARED BUSINESS SERVICES LIMITED"
published: "2018-02-05"
---

# UK SBS PS17307 SIL Financial Services

Buyer: UK SHARED BUSINESS SERVICES LIMITED  
Current stage: Tender  
OCID: ocds-b5fd17-459e7bf3-afbf-4007-b282-89d771da66b6

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## Summary

The tender titled "UK SBS PS17307 SIL Financial Services" is issued by UK Shared Business Services Limited, primarily located in Swindon, England. The procurement process involves the provision of accounting and auditing services for STFC Innovations Ltd (SIL), with a contract value of £65,000. The procurement method adopted is an open procedure, and the tender period concluded on 26 January 2018. The contracted services are expected to commence on 14 February 2018 and will run for two years, with an option to extend for an additional two years. Notably, the minimum qualifications required for participation include ACA/ACCA certification for the personnel providing these services.

This tender presents a valuable opportunity for accountancy firms, particularly those with expertise in preparing annual financial statements, auditing, and submitting corporation tax returns. Businesses with experience in innovation-based start-ups and spin-outs, especially those adept at managing intellectual property and valuing early-stage companies, would find this tender especially relevant. The requirement for ongoing audit activities and business support services ensures that there is potential for long-term engagement and collaborative growth with the contracting authority.

## Notice

The final date and time for the submission of bids is 26/01/2018 at 14:00. Please DO NOT apply directly to the buyer. To contract with a suitably qualified accountancy company, so that they can provide SIL with business support services: primarily preparation and audit of the annual financial statements and preparation and submission of corporation tax returns. Therefore the minimum qualification required by the personnel providing these services would need to hold a minimum qualifications ACA/ACCA. Objectives * Preparation of annual financial statements for STFC Innovations Ltd (SIL) in accordance with statutory requirements (including applicable law and International Financial Reporting Standards). * Annual audit of SIL financial statements and associated transactions in accordance with International Standards on Auditing. Completion of the audit is on a very tight timeline - SIL's year-end is 31 March and final accounts signed off by the auditors are required by May * Provision of a suitable report to the Directors detailing any significant matters arising from the audit together with any significant deficiencies in internal control. * Preparation and submission of SIL annual Corporation tax returns in accordance with statutory requirements and timescales. * General accountancy/business support/taxation advice as required. Requirement. * Pre-audit planning meeting at STFC, Harwell Campus, Didcot, . * Onsite account preparation and audit work at STFC, Harwell Campus, Didcot, liaising with the management accountant supporting BID and SIL. This includes a possible need to visit UK SBS (Shared Business Services) in Swindon where accounting records are held and the Oracle accounting system is hosted. * All activities must be performed or supervised by qualified accountants. * The successful company must have expertise of the following; o Preparing annual financial statements for Limited companies. o Submitting Corporation tax returns. o Innovation based start-ups and spin-out activities, accounting for IP and valuation of early stage companies * Financial statements and audit activities must be completed in accordance with agreed STFC year-end timetable (tbc). * Audit activities and Corporation tax activities must be conducted by different teams. * Dedicated account manager and audit team to maintain continuity and experience. * Keep nominated directors promptly informed of issues arising from the accounts or audit * Attendance at Board meeting in person or by phone to support discussion of approval of account. Contract Management . * Annual Performance review meeting to take place after each audit has been completed and signed off. Timetable * Contract expected to commence in February 2018 to allow time for familiarisation with SIL FY 17/18 accounts and subsequent financial statement preparation/audit in April 2018. * A two year contract proposed for the above services, with an option to extend for a further two years subject . Additional information: UK Shared Business Services eSourcing As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing expressionofinterest@crowncommercial.gov.uk Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4cf201f0-753e-45fb-94d7-38a6144297f8 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Feb 2018 |
| Submission deadline | 26 Jan 2018 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 14 Feb 2018 - 13 Feb 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £65,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK SHARED BUSINESS SERVICES LIMITED |
| Locality | SWINDON |
| Post town | Swindon |
| Postcode | SN2 1FF |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK7 Gloucestershire and Wiltshire |
| ITL 3 | TLK71 Swindon |
| Local authority | Swindon |
| Electoral ward | Rodbourne Cheney |
| Westminster constituency | Swindon North |
| Delivery location | Not specified |

## CPV Codes

### Divisions

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

### Codes

- 79211000 - Accounting services
- 79212000 - Auditing services

## Release History

- 5 Feb 2018 at 16:14 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/4cf201f0-753e-45fb-94d7-38a6144297f8
- 12 Jan 2018 at 17:00 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/4cf201f0-753e-45fb-94d7-38a6144297f8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4cf201f0-753e-45fb-94d7-38a6144297f8
  5th February 2018 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/fc329020-1cfd-4230-ba59-8bb00037d31e
  Terms and Conditions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/336f23b7-5196-4792-be11-fa74276c6675
  PS17307 Invitation to quote questions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/af346c50-1a16-410a-bbbe-03e66db5b77c
  PS17307 Pricing Schedule
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/53ca8a9a-ba4c-49fb-9104-9ca56c3f8387
  PS17307 Invitation to Quote

## Notice URLs

- https://gpsesourcing.cabinetoffice.gov.uk

## 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-b5fd17-459e7bf3-afbf-4007-b282-89d771da66b6. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-459e7bf3-afbf-4007-b282-89d771da66b6.json.