---
title: "Orbex Financial Due Diligence"
ocid: "ocds-h6vhtk-05972b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05972b"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05972b.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05972b.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UK SPACE AGENCY"
published: "2025-09-10"
---

# Orbex Financial Due Diligence

Buyer: UK SPACE AGENCY  
Current stage: Award  
OCID: ocds-h6vhtk-05972b

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05972b)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-05972b.json)

## Summary

The UK Space Agency has engaged in a procurement process titled "Orbex Financial Due Diligence," which falls under the industry category of financial consultancy services. The procurement was conducted using a direct method due to the contract value being below the relevant threshold, hence it proceeded without competition. The procurement stage is marked as complete, with the contract officially signed on 15th August 2025, and the period of performance running from this date to 31st October 2025. The procurement took place in the United Kingdom, aligned with the financial assessment of Orbex following a substantial investment intended for the development of a small-lift launch vehicle. PricewaterhouseCoopers LLP, located in London, was selected as the supplier for this service, with a total contract value of £105,000.

This contract provides significant opportunities for businesses specialising in financial consultancy services, particularly those with expertise in financial health assessments and viability evaluations. Companies equipped with the capability to assess complex financial structures, and business plans, and identify potential risks stand to gain from similar procurement opportunities. The strategic involvement in such contracts could accelerate business growth by aligning with central government agencies like the UK Space Agency and participating in high-profile projects within the aerospace sector. Large consultancy firms, like PwC, might find entering into this domain beneficial to establish their prowess and foster collaborations on projects aiding public sector advancements.

## Notice

This relates to previous notice : ocds-h6vhtk-056827 The Notice linking has not been done as between contract award notice being published and contract signature there was a reduction in overall contract value brining the value of the agreement below the relevant threshold. In 2024 HMG provided a PS20m investment as a convertible loan note to Orbex. The investment was provided to enable the company to develop their small-lift launch vehicle Prime and prepare their bid for ESA's European Launcher Challenge (ELC). HMG wishes to update the financial due diligence given progress following that investment to understand the company's current financial health including long term viability, business, expenditure and investment plans, risks to successful completion of vehicle and service development, demonstration and reaching commercialisation.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/055221-2025 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Below threshold - without competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Sep 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 14 Aug 2025 |
| Contract period | 14 Aug 2025 - 31 Oct 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £105,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK SPACE AGENCY |
| Locality | DIDCOT |
| Post town | Oxford |
| Postcode | OX11 0DF |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ14 Oxfordshire CC |
| Local authority | Vale of White Horse |
| Electoral ward | Hendreds |
| Westminster constituency | Didcot and Wantage |
| Delivery location | Not specified |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 10 Sep 2025 at 08:21 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/055221-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/055221-2025
  10th September 2025 - Contract details notice on Find a Tender

## Notice URLs

- http://www.pwc.co.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-05972b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05972b.json.