---
title: "Lower Thames Crossing (LTC) - Statutory Auditor"
ocid: "ocds-h6vhtk-06c4fc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06c4fc"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06c4fc.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06c4fc.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NATIONAL HIGHWAYS LIMITED"
published: "2026-07-10"
---

# Lower Thames Crossing (LTC) - Statutory Auditor

Buyer: NATIONAL HIGHWAYS LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-06c4fc

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## Summary

The procurement process for the Lower Thames Crossing (LTC) Statutory Auditor services involves National Highways Limited as the contracting authority. The contract, classified under the CPV code 79212300 for statutory audit services, supports the creation of a regulated road company, named Reg Co., with revenues from the Dartford Crossing and the new LTC Crossing. This project operates under the Regulated Asset Base (RAB) model, announced in the Chancellor's 2025 Autumn Budget. The procurement method employed was an open procedure, with a direct award to Menzies LLP, following a single compliant bid from this open procedure. The contract was signed on 26th June 2026, and the service period is set from 13th July 2026 to 14th June 2029. National Highways, located in Birmingham, oversees this procurement, which falls within the services category, and is covered by the General Procurement Agreement (GPA).

This tender presents significant business growth opportunities, particularly for large firms specialising in statutory auditing services capable of managing complex financial audits and evaluations in line with the Companies Act 2006 and Financial Reporting Council (FRC) standards. Companies with expertise in auditing within regulated sectors, especially in infrastructure and transport projects, would find this opportunity apt for expanding their portfolio with a high-profile client such as National Highways. Engaging in this contract allows businesses to participate in a pivotal UK infrastructure project, strengthening their market presence and expertise in handling substantial financial audits required for RAB model financing in the public sector.

## Notice

National Highways is intending to appoint a Statutory Auditor able to provide an audit opinion that Reg Co.'s Carve Out accounts are reliable, legally compliant, and present a true and fair view, in accordance with the Companies Act 2006 and Financial Reporting Council (FRC) auditing standards.

### Lot Information

Lot 1

In the Chancellor's November 2025 Autumn Budget, the Regulated Asset Base (RAB) model was announced as the Government's preferred financing method for the Lower Thames Crossing (LTC) project which will involve the creation of a regulated road company (Reg Co.) that will be sold to private investors prior to a finance raise (debt) for the main construction works. Reg Co. will receive revenues from both the existing Dartford Crossing and new LTC Crossing which it will use to service its financing and repay lenders and investors. National Highways and DfT have appointed advisors to support and execute the sale process. In preparation for the sale and the preceding Vendor Due Diligence (VDD) National Highways will prepare Carve Out accounts for the financial years 2024 2025, 2025-2026 and 2026-2027 for Reg Co. and these will need to be audited.

### Procurement Information

Single compliant bid from open procedure

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/065281-2026 |
| Notice type | UK5 - Transparency Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Jul 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 25 Jun 2026 |
| Contract period | 12 Jul 2026 - 14 Jun 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £291,181 |
| Contracts value | £291,181 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active, Pending |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL HIGHWAYS LIMITED |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B4 6GA |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Ladywood |
| Westminster constituency | Birmingham Ladywood |
| 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

- 79212300 - Statutory audit services

## Release History

- 10 Jul 2026 at 14:29 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/065281-2026
- 7 Jul 2026 at 10:38 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/063563-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/063563-2026
  7th July 2026 - Transparency notice on Find a Tender

## Notice URLs

- https://nationalhighways.co.uk
- https://nationalhighways.co.uk/
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## Provenance

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