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Find a TenderAwarded without competitionTransparency notice
Published 23 Oct 2025, 17:41 BST

Official UK procurement notice

Advisory & Execution Services - for financing & raising debt for strategic projects

Official notice

Authority: HS1 Ltd (t/a London St. Pancras Highspeed) (Public body)

Direct award
Sectors: Financial and insurance services (66) Delivery: Delivery location not published
Awarded value£2,500,000published award · exc. VAT
Award in standstill Not publishedno call for competition

What is being bought

Published requirement description

Finance & debt advisory services in the financing of new projects that will enable a significant increase in passenger volumes. The scale and complexity of the financing workstreams of these projects necessitates the appointment of advisory support for the negotiations with existing and prospective lenders, ratings agencies, and the raising of project finance.

The lotProcurement structure

single lot · no lot value published
Lot #1Awarded
66122000 Corporate finance and venture capital services

Procedure terms & legal framework

From the official record
Procedure method
Direct award
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Notice status
Awarded without competition
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Direct award (no call for competition)
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
23 Oct 2025, 17:41 BST
Last source update
23 Oct 2025, 17:41 BST
FTS notice number
2025/S 000-067989
Latest notice
Transparency notice (UK5)
Delivery area
Not published
Official registry OCID
ocds-h6vhtk-05d2e0 Find a Tender
Why no open competition
Urgency
Published justification

We are seeking to rely on paragraph 13 of Schedule 5 of the Procurement Act 2023, as we consider that the ground of urgency applies. These projects are still not confirmed to be viable or proceeding, but if they do proceed now we will not be able to finance the projects that will be required. If it is not in place we will not be able to progress the construction part of the projects and we consider that this would mean we do not have the ability to respond to access requests to the High Speed 1 line and meet our requirements to provide capacity as Infrastructure Manager and owner of the concession. We consider it is strictly necessary to proceed with this immediately in order to ensure that we are not in breach of our obligations under either the Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016 or our Concession Agreement with the Secretary of State.

Notice history

2 events · 1 release on Find a Tender · since 23 Oct 2025
  1. Transparency notice published
    23 Oct 2025, 17:41 BST
    UK5
  2. Contract signature expected
    19 Dec 2025, 23:59 GMT
    scheduled

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1some still in standstill
Awarded value £2,500,0001 award exc. VAT
Awarded toValueDateStatus
supplier not published19 Dec 2025 – 30 Dec 2026£2,500,000—Standstill

Contracting authority & participating public bodies

HS1 LIMITED (trading as London St. Pancras Highspeed)

Contracting authorityPrivate utility GB-COH: 03539665 · GB-PPON: PHRY-2121-WLBT 5th Floor, Kings Place, London, London, N1 9AGContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure

  • Transparency notice awardTransparency noticeUK5Transparency notice on Find a Tender