---
title: "The Provision of a Loan Administration System"
ocid: "ocds-h6vhtk-06b414"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06b414"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b414.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b414.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DEVELOPMENT BANK OF WALES"
published: "2026-06-19"
---

# The Provision of a Loan Administration System

Buyer: DEVELOPMENT BANK OF WALES  
Current stage: Award  
OCID: ocds-h6vhtk-06b414

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06b414.json)

## Summary

The Development Bank of Wales, located in Cardiff, has completed a procurement process for "The Provision of a Loan Administration System." The contracting entity aimed to enhance its SME loan portfolio management. The procurement, under the industry category of Financial and Insurance Services, involved a direct award to Pancredit Systems Ltd, based in Worthing, West Sussex. The contract, which falls under the services category, has a value of £2,202,930 (gross £2,643,516) and will commence on 1st July 2026, lasting until 30th June 2031, with an option to extend for another 60 months. The procurement method utilised was a direct award due to technical reasons, supported by Schedule 5 of the Procurement Act 2023, as outlined in the notice published on 19th June 2026.

This tender presents significant business growth opportunities for companies specialising in financial systems and integration within public sector frameworks. The direct award highlights a niche for businesses well-versed in providing seamlessly integrated services within existing complex financial ecosystems. Large companies with the capability to maintain and extend robust financial software that directly integrates with established banking systems are particularly well-suited for such opportunities, especially those able to ensure continuity and operational stability without necessitating a complete overhaul of existing systems.

## Notice

This notice is being published to advise the market that the Development Bank of Wales intends to award a contract to Pancredit Systems to continue with the provision of a Loan Administration System ('LAS') to manage its SME loan portfolio.

### Procurement Information

A direct award is justified under Section 41 and Schedule 5 of the Procurement Act 2023, on the basis that a change in supplier would result in services that are incompatible with DBW's existing systems, and that the resulting integration challenges would give rise to disproportionate technical and operational difficulties. DBW's loan administration solution forms part of an embedded and highly integrated financial ecosystem, underpinning repayment processing and payment-enabled operational workflows. The current system is tightly coupled with existing infrastructure, including repayment processes, APIs and back-office systems, and supports core operational activity. Introducing a replacement supplier would necessitate significant redevelopment and reconfiguration, including: Redesign of existing processes and system architecture Rebuilding and testing of integrations (including APIs) Re-engineering of back-office systems This would require substantial internal and external resource, including specialist capability not currently held in-house, resulting in additional cost and delivery risk. A change in supplier would also create material operational risk, including: Potential service disruption during migration Risk to payment processing continuity, impacting revenue collection and customer experience Requirement for dual running, cutover planning and stabilisation support, increasing operational burden Extensive staff retraining and process transition activity These impacts arise directly from replacing an integrated, business-critical service, rather than switching a standalone or self-contained product. Any interruption or degradation in payment processing would present a significant risk to operational continuity, particularly where timely payment acceptance is integral to service delivery and DBW's ability to meet its obligations. The incumbent solution is proven in service, supports operational stability, and ensures continuity of critical payment-enabled processes. On this basis, a change in supplier would result in disproportionate technical and operational difficulties, satisfying the criteria set out in Schedule 5.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/058025-2026 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Jun 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 31 May 2026 |
| Contract period | 30 Jun 2026 - 30 Jun 2031 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £2,202,930 |
| 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 | DEVELOPMENT BANK OF WALES |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF10 4BZ |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PANCREDIT SYSTEMS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 19 Jun 2026 at 11:34 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/058025-2026
- 12 Jun 2026 at 12:14 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/055704-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/058025-2026
  19th June 2026 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/055704-2026
  12th June 2026 - Transparency notice on Find a Tender

## Notice URLs

- http://www.developmentbank.wales
- 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-06b414. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06b414.json.