Orbex Financial Due Diligence

{
  "id": "055221-2025",
  "tag": [
    "award",
    "contract"
  ],
  "date": "2025-09-10T09:21:32+01:00",
  "ocid": "ocds-h6vhtk-05972b",
  "buyer": {
    "id": "GB-PPON-PRTY-4245-MTJY",
    "name": "UK Space Agency"
  },
  "awards": [
    {
      "id": "1",
      "items": [
        {
          "id": "1",
          "relatedLot": "1",
          "deliveryAddresses": [
            {
              "region": "UK",
              "country": "GB",
              "countryName": "United Kingdom"
            }
          ],
          "additionalClassifications": [
            {
              "id": "66171000",
              "scheme": "CPV",
              "description": "Financial consultancy services"
            }
          ]
        }
      ],
      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-OC303525",
          "name": "PRICEWATERHOUSECOOPERS LLP"
        }
      ],
      "relatedLots": [
        "1"
      ],
      "mainProcurementCategory": "services"
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-05972b",
    "lots": [
      {
        "id": "1",
        "status": "complete"
      }
    ],
    "title": "Orbex Financial Due Diligence",
    "status": "complete",
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "This relates to previous notice : ocds-h6vhtk-056827\nThe 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.\nIn 2024 HMG provided a £20m 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).\nHMG 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.",
    "procurementMethod": "direct",
    "procurementMethodDetails": "Below threshold - without competition"
  },
  "parties": [
    {
      "id": "GB-PPON-PRTY-4245-MTJY",
      "name": "UK Space Agency",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKJ14",
        "country": "GB",
        "locality": "Didcot",
        "postalCode": "OX11 0DF",
        "countryName": "United Kingdom",
        "streetAddress": "Quad Two Building 1st Floor, Rutherford Avenue, Harwell Science and Innovation Campus"
      },
      "details": {
        "classifications": [
          {
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - central government"
          }
        ]
      },
      "identifier": {
        "id": "PRTY-4245-MTJY",
        "scheme": "GB-PPON"
      },
      "contactPoint": {
        "email": "commercial@ukspaceagency.gov.uk"
      }
    },
    {
      "id": "GB-COH-OC303525",
      "name": "PRICEWATERHOUSECOOPERS LLP",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKI32",
        "country": "GB",
        "locality": "London",
        "postalCode": "WC2N 6RH",
        "countryName": "United Kingdom",
        "streetAddress": "1 Embankment Place"
      },
      "details": {
        "url": "http://www.pwc.co.uk",
        "vcse": false,
        "scale": "large"
      },
      "identifier": {
        "id": "OC303525",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "uk_tender_tracker@pwc.com"
      },
      "additionalIdentifiers": [
        {
          "id": "PWXM-5926-GWLN",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "1",
      "value": {
        "amount": 105000,
        "currency": "GBP",
        "amountGross": 126000
      },
      "period": {
        "endDate": "2025-10-31T23:59:59Z",
        "startDate": "2025-08-15T00:00:00+01:00"
      },
      "status": "active",
      "awardID": "1",
      "documents": [
        {
          "id": "055221-2025",
          "url": "https://www.find-tender.service.gov.uk/Notice/055221-2025",
          "format": "text/html",
          "noticeType": "UK7",
          "description": "Contract details notice on Find a Tender",
          "documentType": "contractNotice",
          "datePublished": "2025-09-10T09:21:32+01:00"
        }
      ],
      "dateSigned": "2025-08-15T00:00:00+01:00",
      "agreedMetrics": [
        {
          "id": "1",
          "title": "KPI 1",
          "description": "The Report (Item 2) provides all  required functionality as described in the above Requirements table"
        }
      ],
      "aboveThreshold": false
    }
  ],
  "initiationType": "tender"
}