Published date: 30 July 2021

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 1 June 2021, 12pm

Contract summary

Industry

  • Business and management consultancy and related services - 79400000

Location of contract

North East

Value of contract

£30,000

Procurement reference

NCL001-DN542818-52836989

Published date

30 July 2021

Closing date

1 June 2021

Closing time

12pm

Contract start date

1 July 2021

Contract end date

30 November 2021

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The personal skin care market and cosmetics industry is becoming increasingly complex. The majority of consumers are looking for skincare products with validated clinical/scientific analysis and personalised products. Businesses need measurable evidence that their treatments are working to encourage continued product use as well as inform new product development and efficacy. Therefore, an experienced business executive is needed to join the team and lead the company formation.
The initial brief of the executive will be to:
(1) Produce a viable 5-year business plan;
(2) Obtain university approval for the venture;
(3) a. Act for the company in the spin-out legal process and address all company formation matters;
b. Obtain founder academics' and Newcastle University (including the Head of Company Creation) approval for appointment as CEO.
c. Provide to the appropriate university all matters necessary all reporting requirements, including ERDF;
(4) Secure (venture capital and other) funding
Stage (4) will produce the funds by which the new start-up company can consider employing the executive going forward. It is expected, and the intent of the scheme, that the Executive will remain with the business following the end of the contract period. However, such appointment will be at the discretion of the board and appropriate university and will be subject to confirmation, typically at Stage 3 above

Award information

Awarded date

20 July 2021

Contract start date

21 July 2021

Contract end date

30 November 2021

Total value of contract

£29,400

This contract was awarded to 1 supplier.

Jonathan Brookes

Address

72 Front Street,
Sowerby
Thirsk
North Yorkshire
YO7 1JF
United Kingdom

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Natalie Morton

Address

Newcastle University
Procurement Services, Kingsgate
Newcastle
NE1 7RU
United Kingdom

Telephone

+44 1912086396

Email

natalie.morton@ncl.ac.uk

Website

https://www.ncl.ac.uk