---
title: "Financial Management System"
ocid: "ocds-h6vhtk-055b6c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-055b6c"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-055b6c.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-055b6c.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UK BIOBANK LTD"
published: "2026-03-13"
---

# Financial Management System

Buyer: UK BIOBANK LTD  
Current stage: Award  
OCID: ocds-h6vhtk-055b6c

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-055b6c.json)

## Summary

UK Biobank Ltd, located in Stockport, United Kingdom, has completed the award stage of its procurement process for a new Financial Management System (FMS). This contract, identified as UKB0024, involves the replacement of the existing Sage 200 Professional system and includes various key financial management activities. Codec Solutions UK Limited has been awarded the contract with the gross value of £1,020,000. The procurement was conducted using a selective method under a competitive flexible procedure. The contract period is scheduled from 13th April 2026 to 12th April 2031, with an option to extend annually for up to five additional years, potentially reaching a term of ten years and six months. The standstill period for this award ends on 25th March 2026.

This tender offers significant opportunities for businesses specialising in financial systems software to expand their offerings and increase market presence. The involvement of small and medium enterprises (SMEs) is highly favourable as they contributed to three out of four bids in the final stage. Companies with expertise in financial management software, especially those capable of handling implementation, data migration, and support services, are well-suited to compete in similar procurements. This award highlights a preference for vendors with a proven track record in delivering scalable financial solutions that align with UK Biobank’s transformation strategy and future business ambitions.

## Notice

UK Biobank (UKB) is seeking suppliers with the capacity and expertise to deliver a new Financial Management System (FMS) that will replace the current platform and provide the necessary modules to support UKB's business model. UKB requires that the new FMS will support all key financial management activities, including Purchase to Pay, Accounts Receivable, Banking, Project Accounting, Timesheet Automation, Budgeting and Forecasting, Fund Accounting and Grant Management, Financial Accounting, Reporting and Analysis, Fixed Assets, Expenses, Stock and Financial Planning. The replacement of this existing back-office software is a critical component of UKB's broader transformation strategy. The current finance system, Sage 200 Professional, has been in place for over a decade and no longer meets the demands of UKB's growing scale and complexity. UKB requires a modern, efficient, and scalable FMS which will support UKB's future ambitions. Details in relation to the requirements for the FMS are set out in UKB's specification provided as part of the Associated Tender Documents. A demonstration and a sandbox area for UKB staff to test the product will be requested from all shortlisted bidders. This will not be scored separately but will be used to verify the written submission. If any clarification questions are needed after the demonstration or sandbox access, UKB will raise these with bidders in writing.

### Lot Information

Lot 1

Renewal: UKB will have the option to extend its Contract annually for a further 5 years. This would lead to a maximum total term of around 10 years and 6 months (assuming a six-month implementation period), with the Contract to commence in early 2026 following contract award.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/022686-2026 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Selective |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Mar 2026 |
| Submission deadline | 8 Aug 2025 |
| Future notice date | Not specified |
| Award date | 9 Mar 2026 |
| Contract period | 12 Apr 2026 - 12 Apr 2031 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £850,000 |
| Lots value | £850,000 |
| Awards value | £850,000 |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK BIOBANK LTD |
| Locality | STOCKPORT |
| Post town | Stockport |
| Postcode | SK3 0SA |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD3 Greater Manchester |
| ITL 3 | TLD35 Greater Manchester South East |
| Local authority | Stockport |
| Electoral ward | Davenport & Cale Green |
| Westminster constituency | Stockport |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CODEC SOLUTIONS |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48440000 - Financial analysis and accounting software package
- 48442000 - Financial systems software package

## Release History

- 13 Mar 2026 at 09:22 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/022686-2026
- 8 Jul 2025 at 15:21 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/038355-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/022686-2026
  13th March 2026 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/038355-2025
  8th July 2025 - Tender notice on Find a Tender
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=605684
  Expression of Interest document
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=605694
  Procurement Specific Questionnaire
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=605686
  Draft Specification
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=605687
  Draft Invitation to Tender
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=605696
  Key Contractual Principles

## Notice URLs

- http://www.ukbiobank.ac.uk
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-055b6c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-055b6c.json.