Published date: 11 October 2017

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 19 October 2017

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Financial consultancy services - 66171000

Location of contract

Any region

Value of contract

£25,000 to £50,000

Procurement reference

BIP282851538

Published date

11 October 2017

Closing date

19 October 2017

Contract start date

30 October 2017

Contract end date

30 November 2017

Contract type

Service contract

Procedure type

Open procedure

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

CCH is now looking to work with a financial advisor to carry out financial due diligence on a potential merger organisation. This work will involve, but will not necessarily be restricted to, the review of the following areas of a potential merger organisations business:

•Audited financial statements and any subsidiary undertakings (last 3 years);
•External Audit Letters and associated Board reports (last 3 years);
•Internal Audit Reports and associated Board reports (last 3 years);
•Management accounts, budgets and cash flows (last 12 months);
•Approved Business Plans (last 2 years);
•Banking and funding arrangements, to the extent that this work is not carried out by separate legal due diligence on YCH;
•Taxation position, in particular its arrangements for compliance with, and reporting of, Corporation Tax, VAT and PAYE.
•Pension arrangements.
•Insurance arrangements.
•Stock condition records.
•Current development programme.
•Risk management and IT arrangements.

It is important to the timing of the wider project that a final financial due diligence report, summarising the work carried out and its conclusions be delivered no later than November 30th 2017.

More information

Links

Additional text

The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

About the buyer

Contact name

Cheryl Killick

Address

14 Ennis Square
REDCAR,
TS10 5JR
UK

Telephone

01642771378

Email

cheryl_killick@cchousing.org.uk