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Find a TenderAwarded without competitionContract details notice
Published 10 Sept 2025, 09:21 BST

Official UK procurement notice

Orbex Financial Due Diligence

Official notice

Authority: UK Space Agency (Central government)

Below threshold - without competition
Sectors: Financial and insurance services (66) Delivery: UK
Awarded value£105,000published contract · exc. VAT
Awarded 15 Aug 2025no call for competition
Awarded to PricewaterhouseCoopers LLP

What is being bought

Published requirement description

This relates to previous notice : ocds-h6vhtk-056827

The 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.

In 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).

HMG 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.

The lotProcurement structure

single lot · no lot value published
Lot #1Awarded
Delivery: UK
66171000 Financial consultancy services

Procedure terms & legal framework

From the official record
Procedure method
Below threshold - without competition
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
10 Sept 2025, 09:21 BST
Last source update
10 Sept 2025, 09:21 BST
FTS notice number
2025/S 000-055221
Latest notice
Contract details notice (UK7)
Delivery area
UK
Official registry OCID
ocds-h6vhtk-05972b Find a Tender

Notice history

1 event · 1 release on Find a Tender
  1. Contract details notice published
    10 Sept 2025, 09:21 BST
    UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £105,0001 contract exc. VAT
Contracts signed 1latest 15 Aug 2025
Awarded toValueDateStatus
PricewaterhouseCoopers LLP£105,000 †—Awarded

Contracts

  • Contract 1 · PricewaterhouseCoopers LLP

    Signed
    15 Aug 2025
    Value
    £105,000
    Period
    15 Aug 2025 – 31 Oct 2025
    Status
    active
    1 agreed KPI: KPI 1
    • KPI 1, The Report (Item 2) provides all required functionality as described in the above Requirements table

Contracting authority & participating public bodies

UK Space Agency

Contracting authorityPublic authority - central government GB-PPON: PRTY-4245-MTJY Quad Two Building 1st Floor, Rutherford Avenue, Harwell Science and Innovation Campus, Didcot, South East, OX11 0DFContact email

Bidders & participating suppliers

1 commercial party on the notice
  • PRICEWATERHOUSECOOPERS LLPAwarded supplierGB-COH: OC303525GB-PPON: PWXM-5926-GWLN 1 Embankment Place, London, London, WC2N 6RHContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure

  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender