---
title: "Appointment of Investment Manager(s) for the HMS Caroline Preservation Company"
ocid: "ocds-b5fd17-9b3a598f-0418-41c0-8c3d-ddf60f728d21"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9b3a598f-0418-41c0-8c3d-ddf60f728d21"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9b3a598f-0418-41c0-8c3d-ddf60f728d21.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-9b3a598f-0418-41c0-8c3d-ddf60f728d21.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE NATIONAL MUSEUM OF THE ROYAL NAVY"
published: "2024-07-26"
---

# Appointment of Investment Manager(s) for the HMS Caroline Preservation Company

Buyer: THE NATIONAL MUSEUM OF THE ROYAL NAVY  
Current stage: Award  
OCID: ocds-b5fd17-9b3a598f-0418-41c0-8c3d-ddf60f728d21

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## Summary

The National Museum of the Royal Navy (NMRN) has successfully awarded a contract for the management of investment assets held by The HMS Caroline Preservation Company. The company, a charitable organisation responsible for maintaining and displaying the historically significant HMS Caroline, sought an investment manager to oversee their assets. This award follows an open procedure (above threshold) and culminates in a contract period starting on 27th March 2023 and ending on 27th March 2025. With a total value of £83,000, the contract has been awarded to Rathbones Investment Management Limited, a large-scale firm based in Liverpool. Initial tenders were due on 22nd February 2023, following clarification questions submitted by 10th February 2023.

This tender presents significant opportunities for business growth, particularly for firms specialising in banking and investment services. Small and medium-sized enterprises (SMEs) were deemed suitable to compete, given the open nature of the procurement method. The successful bidder, Rathbones Investment Management Limited, will manage the investment assets for the preservation and display of the HMS Caroline, contributing to the cultural and historical landscape. Businesses with expertise in investment management and a focus on historical or cultural asset management would find this type of tender highly rewarding and aligned with their growth strategies.

## Notice

This tender is for the management of investments held by The HMS Caroline Preservation Company, a charitable company limited by guarantee with company number 08303946 and registered charity number 1149930 (the "Company"). The Company is controlled by the National Museum of the Royal Navy ("NMRN"). The purpose of the Company is to manage and maintain for display HMS Caroline, a light cruiser built in 1914 by Cammell Laird in Birkenhead and now moored in Belfast Harbour. HMS Caroline is of historical significance as the only surviving major warship which fought in the Battle of Jutland in 1916. The Company wishes to tender the role of Investment Manager for their investment assets with a view to having the new manager in place by the earliest in late February 2023. The Investment Committee's preferred approach is to have a single investment manager for the entire mandate, albeit the Investment Committee retain the right to appoint more than one manager should they agree that this structure be optimal for the Company. Full details of the Investment Mandate can be found in Annex A-B-C tender documentation on Pages 3-5. The National Museum of the Royal Navy (NMRN) as NMRN Operations are acting as procurement support for this tender. Clarification Questions for Responses must be sent in by Friday 10th February 2023 at Midday. Annex D-E-F is for potential investment managers to complete in full and return to tenders@nmrn.org.uk by the submission deadline. The deadline for submissions is 22nd February 2023 at Midday (1200).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c8b2da73-14b9-4c11-8108-c4e4e21a10a2 |
| 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 | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Jul 2024 |
| Submission deadline | 22 Feb 2023 |
| Future notice date | Not specified |
| Award date | 17 Mar 2023 |
| Contract period | 26 Mar 2023 - 27 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £83,000 |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | RATHBONES INVESTMENT MANAGEMENT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 26 Jul 2024 at 13:49 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c8b2da73-14b9-4c11-8108-c4e4e21a10a2
- 27 Jan 2023 at 09:35 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3924fe55-78ed-4f0d-afce-ce3cca43780d
- 19 Jan 2023 at 09:36 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3924fe55-78ed-4f0d-afce-ce3cca43780d
- 18 Jan 2023 at 10:12 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3924fe55-78ed-4f0d-afce-ce3cca43780d
- 18 Jan 2023 at 09:30 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3924fe55-78ed-4f0d-afce-ce3cca43780d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c8b2da73-14b9-4c11-8108-c4e4e21a10a2
  26th July 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/3924fe55-78ed-4f0d-afce-ce3cca43780d
  27th January 2023 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c6ba3793-6d78-49af-bf9c-da0f7737b068
  This annex is for reference only, it does not require returning as part of a submission. It contains the full scope of requirement for this tender, including the investment mandate. Key milestone dates for the tender. Evaluation Criteria which the Company will assess your submission.
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/d467778a-1522-4798-91a7-65c0792112de
  This Annex must be completed in full and returned as part of your submission pack. This includes a mandatory supplier questionnaire for due diligence for the NMRN's own procurement procedures and the investment committee's own criteria.
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/896aad61-9c71-4135-afa4-c6353771c312
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2e232ca8-5e1b-48e0-99b8-81e40e79e3ce
  Annex A-B-C For reference and guidance only.
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/7e5930bf-485d-4da4-bef2-f2b5c702556c
  Version 1 of Responses to Clarification Questions.

## Provenance

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