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Official procurement procedure

Appointment of an External Auditor

Financial and insurance services
East of England (UKH)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: FREEPORT EAST LIMITED: "Appointment of an External Auditor". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityFREEPORT EAST LIMITEDScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: FREEPORT EAST LIMITED
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for FREEPORT EAST LIMITED. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
1Bids / Report
100% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 1 active published awards; 1 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityFREEPORT EAST LIMITED
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published9 Jul 2024, 13:27 BST
Last source update9 Jul 2024, 13:27 BST
Recurring procurementNot published
ClassificationFinancial and insurance services
Delivery area
East of England (UKH)
OCIDocds-h6vhtk-04377a
What is being bought
Freeport East Ltd is seeking an independent external auditor to review the financial information of our company and report back on findings. The Company is required to file its first set of audited Accounts (made up from 6 December 2022 to 31 March 2023; and April 2023 to 31 March 2024) with Companies House by 6 September 2024. Our first Annual General Meeting is due to be held on 26 September 2024, and we would like to present a full set of audited accounts and the Auditors Report to our members at this meeting. The audit process will be overseen by the company's Finance and Audit Committee, which is a sub-group of the Supervisory Board. The Finance and Audit Committee is led by the Accountable Body's Section 151 officer and whose membership includes the company's chair of the Board and another Board director. Meetings are held virtually every two months. The Supervisory Board sets the strategic direction of Freeport East and approves the company's strategic decisions, including annual budget, business plan and longer-term strategy. To be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.
What changed
From the official release history
  1. tender value changed
    9 Jul 2024, 13:27 BST
  2. Status changed to complete
    9 Jul 2024, 13:27 BST
  3. Official notice release published
    9 Jul 2024, 13:27 BST
  4. Submission deadline changed to published date
    9 Jul 2024, 13:27 BST
  5. Published value updated to £10,000
    6 Feb 2024, 11:37 GMT
  6. Status changed to active
    6 Feb 2024, 11:37 GMT
  7. Official notice release published
    6 Feb 2024, 11:37 GMT
  8. Submission deadline changed to 15 Mar 2024, 12:00 GMT
    6 Feb 2024, 11:37 GMT
  9. Buyer information updated
    6 Feb 2024, 11:37 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The company is looking to appoint an external auditor for a period of 12 months, with the opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval by the Supervisory Board. To be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated. External Auditor Responsibilities: • Evaluating financial statements and assessing accounts for accuracy and compliance. • Investigating internal systems and operations. • Assessing risk management approaches. • Reporting on errors and fraud. • Providing feedback reports on findings. External Auditor Requirements: • CCAB qualified accountant • Degree in accounting or finance. • Previous experience as an external auditor. • Experience in data analysis and reporting on finances. • Strong knowledge of accounting principles. • Proficiency in ERP software. • Good decision-making abilities. • Problem-solving skills. • Professional and trustworthy.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    9 Jul 2024, 13:27 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 24 Apr 2024, 00:00 BST · £9,350
Commercial outcome and competition
Awards
AZETS Audit Services Ltd
Not published · Not published · active
Contracts
Contract
£9,350 · signed 24 Apr 2024, 00:00 BST · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

FREEPORT EAST LIMITED

Contracting authority GB-COH-14525587
View buyer profile

  • FREEPORT EAST LIMITED
    buyer

    GB-COH: 14525587
    Parkeston Quay,Parkeston, HARWICH, UKH, CO12 4SR
    marie.finbow@freeporteast.co.uk
    +44 7825732005

  • Azets
    supplier

    GB-COH: 09652677
    2nd Floor, Regis House, 45 King William Street, London, UKI, EC4R 9AN

  • East Suffolk Council
    reviewBody

    Woodbridge, Suffolk
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
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