---
title: "External Audit Services"
ocid: "ocds-h6vhtk-03a396"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03a396"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03a396.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03a396.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "GENTOO GROUP"
published: "2023-02-07"
---

# External Audit Services

Buyer: GENTOO GROUP  
Current stage: Award  
OCID: ocds-h6vhtk-03a396

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## Summary

The Gentoo Group is seeking to award a contract for External Audit Services, including accountancy advisory and loan covenant compliance services. The contract will cover various entities within the Gentoo Group with different filing deadlines, annual loan covenant requirements, and a 36-month duration extendable up to 60 months. The buying organisation, Gentoo Group, is a regional authority operating in the housing and community amenities sector based in Sunderland, United Kingdom.

This tender, awarded to Beever and Struthers, offers business growth opportunities for companies providing financial auditing services. The procurement process has been completed with a focus on quality (70%) and price (30%). Businesses well-suited to compete in this tender are those with expertise in financial auditing services and experience in providing external audit, accountancy advisory, and loan covenant compliance services to organisations similar to the Gentoo Group.

## Notice

External Audit services to include, accountancy advisory and loan covenant compliance services

### Lot Information

Lot 1

Gentoo Group Limited ("Gentoo", "The Group") are seeking to award a contract for the provision of External Audit Services. The Successful Supplier will be required to provide external audit, accountancy advisory and loan covenant compliance services to the Group. The Group includes the following entities all with a 31 March year end: * Gentoo Group Limited Parent housing association and registered provider of social housing. Parent company of all subsidiaries below. * Gentoo Homes Limited A private limited company providing development and open market sales. * Gentoo Developments Limited A private limited company with prior principal activities being open market sales. The company remains active to account for final costs. * Gentoo Genie Limited A private limited company also registered with the FCA administering home purchase plans. This company does not provide new home purchase plans and remains active to administer plans for c. 20 customers. * Genie Homeplan Limited A private limited company being a trust company holding the legal title for assets subject to Home Purchase Plans administered by Gentoo Genie Limited. To meet Group deadlines and filing requirements Group and subsidiary accounts are required to be signed prior to 27th September. This is except for Gentoo Genie which has a 27th July filing deadline to comply with FCA requirements. Annual loan covenant requirements are currently: * Six monthly Minimum Performance Level and Annual Income Test Statements for one funder due 14th April and 14th October. * Annual Statement for one funder due 27th September. This currently reports on three covenants (gearing, asset and interest cover) based on the annual audited financial statements. Gentoo Group Limited is the employing entity of c.1,000 employees. The Group operates both a Defined Benefit and Defined Contribution pension plan. Gentoo is a provider of social housing with the Regulator of Social Housing (RSH), which acts as its regulator. Its current principal activities comprise: * Ownership and management of over 29,000 units of housing stock comprising general needs, shared ownership and supported accommodation. * Development of new social housing. * An external maintenance programme. * Ownership and management of commercial and market rent properties accounted for as investment properties. The contract will be in place for a 36 month period, with the option to extend by 2 x 12 month periods, providing there is still a requirement / budget and the successful supplier is performing to a satisfactory standard. The duration will not exceed 60 months.

Options: 36 month contract with option for 2 x 12 month extensions - maximum term of contract 60 months

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/003749-2023 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Feb 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 3 Feb 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £394,062 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | GENTOO GROUP |
| Locality | SUNDERLAND |
| Post town | Sunderland |
| Postcode | SR3 3XR |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC44 Sunderland |
| Local authority | Sunderland |
| Electoral ward | Doxford |
| Westminster constituency | Houghton and Sunderland South |
| Delivery location | TLC23 Sunderland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BEEVER AND STRUTHERS |

## CPV Codes

### Divisions

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

### Codes

- 79212100 - Financial auditing services

## Release History

- 7 Feb 2023 at 15:42 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/003749-2023

## Notice URLs

- https://www.gentoogroup.com/

## 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-h6vhtk-03a396. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03a396.json.