Scope
Description
Starting on the 23rd of September at 12:00Noon Abri will launch a tender to locate a supplier to cover the following requirements:
Post combination with Silva, there are 12 main entities within the Abri group. Using around 159 bank accounts which it currently operates. Most are wholly owned, however some are Joint Ventures. 139 accounts are sinking funds which are used for major estate or building repairs. These accounts are funded by leaseholders and from accounts within the group which collect rent.
Abri use Open Accounts accounting system and EBIS, Open Housing and Selfserve for invoice approvals, which then feeds into Open accounts in order to create payment runs for invoices due and approved.
Payment and collection types including transaction volumes are included in Appendix A. The group is not directly exposed to exchange rate movements in any currency
The Group has separate receivable and payables accounts. There are same entity sweeps daily to zero balance the receivable accounts and payable accounts with funds sweeping to the main accounts for Abri and Swaythling, however there is no cash pooling or sweeping between entity accounts currently
Currently Abri use the bank online portal’s to obtain bank statements for most of the accounts with some being sent via email where an entity is not a party to the online banking platform.
Contract 1. Provision of Banking Services
Supplier
Contract value
- £600,000 including VAT
Above the relevant threshold
Award decision date
12 January 2026
Date assessment summaries were sent to tenderers
12 January 2026
Standstill period
- End: 21 January 2026
- 8 working days
Earliest date the contract will be signed
31 January 2026
Contract dates (estimated)
- 1 March 2026 to 1 March 2029
- Possible extension to 1 March 2032
- 6 years, 1 day
Description of possible extension:
The extension is broken into the option to extend by three twelve month periods as per the initial ITT.
Main procurement category
Services
CPV classifications
- 66110000 - Banking services
- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
Information about tenders
- 5 tenders received
- 5 tenders assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 4 suppliers unsuccessful (details included for contracts over £5 million)
Submission
Submission type
Tenders
Procedure
Procedure type
Competitive flexible procedure
Supplier
Barclays PLC
- Companies House: 00048839
1 Churchill Place
Canary Wharf
E14 5HP
United Kingdom
Email: andy.taylor9@barclays.com
Region: UKI42 - Tower Hamlets
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. Provision of Banking Services
Contracting authority
The Swaythling Housing Society Ltd (Trading as Abri)
- Mutuals Public Register: 10237R
Collins House, Bishopstoke Road
Eastleigh
SO50 6AD
United Kingdom
Region: UKJ35 - South Hampshire
Organisation type: Public authority - sub-central government