Official UK procurement notice
PS25066 - Temporary Administration Services for Innovate UK Loans
Procurement agent: UK Research and Innovation·On behalf of: UKSBS
What is being bought
Published requirement description***** THIS IS A CONTRACT DETAILS NOTICE, NOT A CALL FOR COMPETITION *****
This procurement is being concluded following a limited competition procurement exercise.
Brief Description of Requirement
The requirement is for Innovate UK Loans Limited to have the ability to appoint their own administrator in cases where a company may be entering distress/default and/or solicitors when legal work is required. Due to nature of this work, it is difficult to determine the volumes of administration cases that will materialise in the coming months and years. This appointment needs to be made rapidly in a matter of days rather than weeks.
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Below threshold - limited competition
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 8 Apr 2025, 13:31 BST
- Last source update
- 8 Apr 2025, 13:31 BST
- Authority reference
PS25066- FTS notice number
2025/S 000-013648- Latest notice
- Contract details notice (UK7)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04febaFind a Tender
Notice history
1 event · 1 release on Find a Tender- Contract details notice published8 Apr 2025, 13:31 BSTUK7
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Menzies LLP | £48,000 † | — | Awarded |
Contracts
PS25066 - Temporary Administration Services for Innovate UK Loans · Menzies LLP
- Signed
- 25 Mar 2025
- Value
- £48,000
- Period
- 26 Mar 2025 – 31 Jul 2025
- Status
- active
Contracting authority & participating public bodies
3 public bodies on the noticeClients of the procurement agent
- UKSBSBeneficiary authority
- UK Shared Business Services LtdProcess contact pointProcuring entityShared Service Provider
Bidders & participating suppliers
1 commercial party on the notice- Menzies LLPAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
Notices published for this procedure
- Contract details notice Contract details notice on Find a Tender