Published date: 24 April 2024

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


Closing: 4 March 2024, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

EC2Y5AS

Value of contract

£406,479.48

Procurement reference

FRC2023-034

Published date

24 April 2024

Closing date

4 March 2024

Closing time

12pm

Contract start date

1 June 2024

Contract end date

31 May 2027

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

***THIS IS A CONTRACT AWARD NOTICE***

The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them.

Our direct stakeholders include companies, institutional investors, auditors, actuaries, accountants and their respective professional bodies. Our indirect stakeholders include retail shareholders, suppliers, employees, customers, communities, pensioners and savers, and financial institutions, all of whom have an interest in the health of companies and other organisations within our existing and future regulatory scope and in the success of the UK corporate sector as a whole.

By agreement with DBT and HM Treasury, the FRC is funded partly through a levy on the following organisations that are subject to, or have regard to, FRC regulatory requirements in preparing their accounts:

• Companies listed on the London Stock Exchange, and UK AIM and AQUIS Market group companies with an equity share listing.

• Large private entities with a turnover of £500m or more. Subsidiaries of UK listed companies with a turnover of £500m or more are invoiced on the same invoice as their parent company.

• Standard Global Depository Receipt companies ('GDRs'). • Government Departments and other public sector organisations that publish accounts.

Further information on the FRC's funding can be found: -
https://www.frc.org.uk/about-the-frc/funding

This procurement activity sought to engage an organisation to undertake
Levy Administration Collection Services, including but not limited to

• Issuing and sending all invoices to all Levy Payers
• Reminders and Chasers
• Payment request enquiries
• Reconciliation of Levies received
• Managing Refunds
• Operation and Customer Service
• Account Management
• Reporting and MI

PLEASE NOTE THIS OPPORTUNITY WAS ALSO PUBLISHED ON FIND A TENDER

***AWARD NOTICE***

More information

Previous notice about this procurement

Levy Collection Services

  • Opportunity
  • Published 1 February 2024

Additional text

THIS IS A CONTRACT AWARD NOTICE.
THIS TENDER HAS BEEN COMPLETED.

Award information

Awarded date

4 April 2024

Contract start date

1 June 2024

Contract end date

31 May 2027

Total value of contract

£406,479.48

This contract was awarded to 1 supplier.

Adetiq Limited

Address

Avery House
69 North Street
Portslade
BN41 1DH

Reference

Companies House number: 02024532

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Head of Procurement

Address

8th Floor,125 London Wall
LONDON
EC2Y5AS
England

Telephone

020 7492 2300

Email

Procurement@frc.org.uk

Website

https://www.frc.org.uk/