---
title: "PS25037 - Appointment of Administrators for Innovate UK Loans"
ocid: "ocds-h6vhtk-04eb4b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04eb4b"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04eb4b.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04eb4b.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UKRI"
published: "2025-10-03"
---

# PS25037 - Appointment of Administrators for Innovate UK Loans

Buyer: UKRI  
Current stage: Award  
OCID: ocds-h6vhtk-04eb4b

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## Summary

The procurement process under discussion involves the UK Research and Innovation (UKRI) as the buying organisation and centres on the service of appointing administrators for Innovate UK Loans, with an overall project exposure of £219 million. Set at Polaris House in Swindon, United Kingdom, this tender is categorised within the legal services industry. The process has successfully passed through the tender and award stages, with key dates including the tender submission deadline on 22nd May 2025 and the contract commencement on 4th September 2025. Using an open procedure, it concluded with an award to Menzies LLP and was announced on 3rd October 2025. The contract value is specified at £200,000 with a gross amount of £240,000, allowing for a potential one-year extension beyond its initial term ending in August 2027.

This tender presents substantial business growth opportunities, particularly for licensed insolvency practitioners across the UK. Companies specializing in legal, financial, and administration services stand to benefit due to the nature of the services required, which involves handling administrations for businesses unable to meet loan obligations. Small and medium-sized enterprises (SMEs) in these sectors, with the capability and experience in insolvency proceedings, are in a favourable position to contribute to, and expand through, contracts in this and similar sectors. Additionally, this procurement provides a platform for businesses to reinforce their reputation and expand operations within the public sector, especially given the comprehensive and high-profile nature of the Innovate UK loan portfolio.

## Notice

The final date and time for the submission of bids is Thursday 22nd May 2025 at 11:00 hrs DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. Brief Description of Requirement At present the IUKL loan portfolio consists of around 260 businesses with an overall exposure of PS219m. Due to the early-stage nature of the businesses in the portfolio the expectation is that a considerable number will not be successful in achieving their objectives and will ultimately be unable to repay their innovation loan as planned. If a company is in debt and cannot pay the money that it owes it will typically be placed into administration. To facilitate this process there will be an appointment of an administrator either by the directors, a creditor or the court to fulfil the administration process. To date there have been 41 businesses in the IUKL portfolio that have entered administration, however in all bar one of these cases the administrator has been appointed by the company themselves when they have filed for administration. The exception to this was for a potential fraudulent case and the administrators were appointed from the previous panel that IUKL had. Whilst there is currently the provision for IUKL to appoint an administrator under the terms of the debenture noted above, there is not the necessary process in place for an administrator to be appointed directly by IUKL. Therefore, the current issue is logistical rather than not having the necessary rights. This procurement is to address the requirement in some case for IUKL to appoint an administrator and to have an existing contract in place which can be utilised when required. The administrator should be licensed insolvency practitioners based within the UK. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the Supplier Attachments tab within the Jaggaer eSourcing Portal. This contract will be awarded based on the evaluation criteria as set out in the RFP document. How to Apply UK Shared Business Services Ltd (UKSBS) will be using the Jaggaer eSourcing Portal for this procurement. To register on the Jaggaer eSourcing portal please use the link https://beisgroup.ukp.app.jaggaer.com/ and follow the instructions to register as a supplier. If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: https://beisgroup.ukp.app.jaggaer.com/. Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the reference number PS25037 and Jaggaer ITT reference number 2064.

### Lot Information

Lot 1

Renewal: This contract has the option to extend for 1 year (2+1)

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/062038-2025 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Oct 2025 |
| Submission deadline | 22 May 2025 |
| Future notice date | 19 Mar 2025 |
| Award date | 10 Aug 2025 |
| Contract period | 3 Sep 2025 - 31 Aug 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £200,000 |
| Lots value | £200,000 |
| Awards value | £200,000 |
| Contracts value | £200,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UKRI |
| Additional buyers | UK RESEARCH AND INNOVATION; UK SHARED BUSINESS SERVICES LTD |
| Locality | SWINDON |
| Post town | Swindon |
| Postcode | SN2 1FL |
| 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 |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MENZIES |

## CPV Codes

### Divisions

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

### Codes

- 79100000 - Legal services

## Release History

- 3 Oct 2025 at 09:52 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/062038-2025
- 11 Aug 2025 at 14:34 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/047719-2025
- 14 Apr 2025 at 14:45 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/015046-2025
- 12 Mar 2025 at 08:57 - PlanningUpdate - UK3 - Planned Procurement Notice - https://www.find-tender.service.gov.uk/Notice/008875-2025
- 11 Mar 2025 at 09:20 - Planning - UK3 - Planned Procurement Notice - https://www.find-tender.service.gov.uk/Notice/008636-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/062038-2025
  3rd October 2025 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/047719-2025
  11th August 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/015046-2025
  14th April 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/008875-2025
  12th March 2025 - Planned procurement notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/008636-2025
  11th March 2025 - Planned procurement notice on Find a Tender

## Notice URLs

- https://beisgroup.ukp.app.jaggaer.com/
- https://www.legislation.gov.uk/ukpga/2023/54/contents
- https://www.uksbs.co.uk/clients/

## 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-04eb4b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04eb4b.json.