Published date: 26 July 2024
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Banking and investment services - 66100000
Location of contract
PO1 3NH
Value of contract
£0
Procurement reference
HMSC_INVMANAGERS_170123
Published date
26 July 2024
Closing date
22 February 2023
Closing time
12pm
Contract start date
24 March 2023
Contract end date
24 March 2025
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 tender is for the management of investments held by The HMS Caroline Preservation Company, a charitable company limited by guarantee with company number 08303946 and registered charity number 1149930 (the "Company"). The Company is controlled by the National Museum of the Royal Navy ("NMRN").
The purpose of the Company is to manage and maintain for display HMS Caroline, a light cruiser built in 1914 by Cammell Laird in Birkenhead and now moored in Belfast Harbour. HMS Caroline is of historical significance as the only surviving major warship which fought in the Battle of Jutland in 1916.
The Company wishes to tender the role of Investment Manager for their investment assets with a view to having the new manager in place by the earliest in late February 2023.
The Investment Committee's preferred approach is to have a single investment manager for the entire mandate, albeit the Investment Committee retain the right to appoint more than one manager should they agree that this structure be optimal for the Company.
Full details of the Investment Mandate can be found in Annex A-B-C tender documentation on Pages 3-5.
The National Museum of the Royal Navy (NMRN) as NMRN Operations are acting as procurement support for this tender.
Clarification Questions for Responses must be sent in by Friday 10th February 2023 at Midday.
Annex D-E-F is for potential investment managers to complete in full and return to tenders@nmrn.org.uk by the submission deadline.
The deadline for submissions is 22nd February 2023 at Midday (1200).
More information
Previous notice about this procurement
Appointment of Investment Manager(s) for the HMS Caroline Preservation Company
- Opportunity
- Published 18 January 2023, last edited 27 January 2023
Award information
Awarded date
17 March 2023
Contract start date
27 March 2023
Contract end date
27 March 2025
Total value of contract
£83,000
This contract was awarded to 1 supplier.
Rathbones Investment Management Limited
Address
Port of Liverpool Building
Pier Head
Liverpool
L3 1NWReference
Companies House number: 01448919
Value of contract
£83,000
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Contact name
Dave Hartley
Address
National Museum of the Royal Navy
Main Road, HM Naval Base
PORTSMOUTH
PO13NH
England
Telephone
02392891370 ext 2042
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Closing: 22 February 2023, 12pm
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