---
title: "Outsourced Finance Director Managed Service (LSHW.002.2025)"
ocid: "ocds-h6vhtk-055126"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-055126"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-055126.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-055126.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "LIFE SCIENCES HUB WALES LTD"
published: "2025-07-15"
---

# Outsourced Finance Director Managed Service (LSHW.002.2025)

Buyer: LIFE SCIENCES HUB WALES LTD  
Current stage: Tender  
OCID: ocds-h6vhtk-055126

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## Summary

Life Sciences Hub Wales Ltd, located in Cardiff, had initiated a procurement process for an Outsourced Finance Director Managed Service under the title "Outsourced Finance Director Managed Service (LSHW.002.2025)." This process was categorised under services in the finance sector, specifically focusing on corporate finance, accounting, and financial consultancy. The public authority was operating under Welsh devolved regulations and sought a qualified service to replace its outgoing Director of Finance and Resources. The tender was at the 'completed' stage as of 15th July 2025, following its cancellation due to insufficient competitive and compliant responses to ensure value for money.

This procurement presented a valuable opportunity for businesses specialising in interim finance management, particularly those adept at offering high-level financial consultancy, financial transaction processing, and corporate finance services. Businesses eligible to participate were expected to have staff qualified to ACA, ACCA, or an equivalent standard, and hold certifications such as Cyber Essentials Plus or ISO27001. The service was intended to be engaged for a contract period starting 14th July 2025, with a potential extension, accommodating small and medium enterprises (SMEs) and voluntary community and social enterprises (VCSEs). Companies with a solid background in the compliance landscape, data protection, and UK GDPR processes would have been well-suited to compete for this opportunity, offering a platform for business growth through collaboration with a key public sector client.

## Notice

Life Sciences Hub Wales seeks the provision of a suitably qualified, capable and experienced Outsourced Finance Director Managed Service to act as interim replacement for its outgoing Director of Finance and Resources. The current Finance team at Life Sciences Hub Wales, sans the Director of Finance and Resources, is comprised of a part-time Finance Manager (0.6FTE, reporting to the Director of Finance and Resources) and an outsourced bookkeeper (circa 7 hours per week, reporting to the Finance Manager). The Director of Finance and Resources is a member of the Life Sciences Hub Wales Senior Leadership Team, reporting directly to the CEO; the Outsourced Finance Director Managed Service representative(s) would also report directly to the CEO. It is envisioned that 3-4 days per calendar month of Outsourced Finance Director Managed Service provision would satisfy the requirement of the service. The required Outsourced Finance Director Managed Service provider would act as a replacement to the current Director of Finance and Resources, addressing and successfully completing the key financial and accounting activities currently undertaken within the role. Full details of the requirement are provided in the Invitation to Tender document uploaded to Sell2Wales.

### Lot Information

Lot 1

Renewal: At the sole discretion of Life Sciences Hub Wales the contract may be extended by a further 6-months, giving a latest possible date of expiry of 31st July 2026.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/040117-2025 |
| Notice type | UK12 - Procurement Termination Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Below threshold - open competition |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Jul 2025 |
| Submission deadline | 4 Jul 2025 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 13 Jul 2025 - 31 Jan 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £48,000 |
| Lots value | £48,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Cancelled |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LIFE SCIENCES HUB WALES LTD |
| Additional buyers | Missing |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF10 4PL |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL52 Cardiff and Vale of Glamorgan |
| Local authority | Cardiff |
| Electoral ward | Butetown |
| Westminster constituency | Cardiff South and Penarth |
| Delivery location | TLL22 Cardiff and Vale of Glamorgan |

## CPV Codes

### Divisions

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

### Codes

- 66122000 - Corporate finance and venture capital services
- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 79200000 - Accounting, auditing and fiscal services

## Release History

- 15 Jul 2025 at 14:39 - TenderCancellation - UK12 - Procurement Termination Notice - https://www.find-tender.service.gov.uk/Notice/040117-2025
- 3 Jul 2025 at 13:21 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/037142-2025
- 30 Jun 2025 at 14:10 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/036166-2025
- 30 Jun 2025 at 13:45 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/036154-2025
- 26 Jun 2025 at 13:54 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/035459-2025
- 25 Jun 2025 at 09:14 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/034943-2025
- 24 Jun 2025 at 10:35 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/034665-2025
- 20 Jun 2025 at 14:55 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/034156-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/040117-2025
  15th July 2025 - Procurement termination notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/037142-2025
  3rd July 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/036166-2025
  30th June 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/036154-2025
  30th June 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/035459-2025
  26th June 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/034943-2025
  25th June 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/034665-2025
  24th June 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/034156-2025
  20th June 2025 - Tender notice on Find a Tender
- https://www.sell2wales.gov.wales/Assets/NoticeBuilder_FileDownload.aspx?id=337243
  Invitation to Tender Document for the provision of an Outsourced Finance Director Managed Service Provides full details of the requirement, response instructions and award process (including assessment criteria and scoring methodology).
- https://www.sell2wales.gov.wales/Assets/NoticeBuilder_FileDownload.aspx?id=337244
  Qualification Questionnaire The Qualification Questionnaire includes a number of Pass / Fail questions; unless otherwise clearly stated, wherever a question is stated as Pass / Fail a response of 'No' will be deemed as a failure to meet the Life Sciences Hub Wales minimum requirements and will invalidate the tenderers response. The response will be discounted and will not be evaluated further. Responses that meet all of the Qualification Questionnaire criteria will progress to the next stage of the evaluation process; the Quality and Commercial evaluation.
- https://www.sell2wales.gov.wales/Assets/NoticeBuilder_FileDownload.aspx?id=337245
  For the Quality Assessment tenderers are required to complete and return a Quality response template by responding to each of the Quality questions as per the guidance outlined within the template document and within the Invitation to Tender document.
- https://www.sell2wales.gov.wales/Assets/NoticeBuilder_FileDownload.aspx?id=337246
  For the Commercial Assessment tenderers are required to complete and return a Commercial response workbook by inserting the requested information as per the workbook guidance.
- https://www.sell2wales.gov.wales/Assets/NoticeBuilder_FileDownload.aspx?id=337247
  Template Data Processing Agreement Shared for information and review, in-line with the requirements of the Qualification Questionnaire.
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-2476
  Version 1 (dated 24 June 2025) of the ITT Clarification Schedule, providing a response to all clarification questions received to date.
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-2502
  Second iteration (v2) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date (25 June).
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-2539
  Third iteration (v3) of the ITT Clarification Schedule, providing a response to all clarification questions received as of 26 June.
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-2600
  The latest version (v4) of the Clarification Schedule, providing a response to all clarification questions received to date (up to 30th June 2025).
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-2603
  The latest iteration (v5) of the Clarification Schedule, providing a response to all clarification questions received to-date (as of 30th June 2025).
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-2714
  Sixth iteration (v6) of the Invitation to Tender Clarification Schedule, providing a response to all clarification questions received to date.

## Notice URLs

- http://www.lifescienceshubwales.com
- https://www.legislation.gov.uk/ukpga/2023/54/contents
- https://www.sell2wales.gov.wales

## 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-055126. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-055126.json.