Published date: 5 February 2026

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


Closing: 1 February 2026, 12pm

Contract summary

Industry

  • Financial systems software package - 48442000

Location of contract

North East

Value of contract

£120,000

Procurement reference

OPEN04022026163821

Published date

5 February 2026

Closing date

1 February 2026

Closing time

12pm

Contract start date

2 February 2026

Contract end date

31 January 2031

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

NEPO have put in place a framework agreement with Oxygen Finance Limited which allows authorities to enter into a call off agreement for an Early Payments Scheme which allows discounts to be taken from supplier invoices in exchange for early payment. The fee for early payment is a % discount offered against the gross invoice value for payment in advance of the standard 30 days.

The discount is calculated dynamically and is proportionate to how many days the payment is accelerated (number of days between invoice receipt and invoice payment sent).

The purpose of the programme is to generate new income for the council and to also help suppliers by injecting much needed liquidity into the councils supply chain, and particularly the local economy.

Stockton will be working together with Darlington Council to implement the scheme as Xentrall Shared Services act on behalf of both councils for invoice processing. This mobilisation is expected to take circa 6 months. Each council will have a separate contract with the supplier.

Award information

Awarded date

3 February 2026

Contract start date

2 February 2026

Contract end date

31 January 2031

Total value of contract

£120,000

This contract was awarded to 1 supplier.

Oxygen Finance Limited

Address

1ST FLOOR ENTERPRISE HOUSE, 115 EDMUND STREET, Birmingham, ENGLAND, B3 2HJ

Reference

Companies House number: 05288899

Value of contract

£120,000

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

DUNEDIN HOUSE
STOCKTON-ON-TEES
TS176BJ
England

Email

corporateprocurement@stockton.gov.uk