Section one: Contracting authority
one.1) Name and addresses
UK Research & Innovation (UKRI)
Swindon
SN2 1FS
professionalservices@uksbs.co.uk
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
600000
Reference number
CS22267
two.1.2) Main CPV code
- 79100000 - Legal services
two.1.3) Type of contract
Services
two.1.4) Short description
600000
two.1.6) Information about lots
This contract is divided into lots: Yes
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £600,000
two.2) Description
two.2.1) Title
Lot No
Lot 1 - Administrational Services
two.2.2) Additional CPV code(s)
- 79100000 - Legal services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Lot 1 - Administrator
Having detailed the requirement above for IUKL to have a process in place by which they can appoint an administrator in accordance with the loan agreement if required there are some other key points to consider.
The requirement is for Innovate UK Loans Limited to have the ability to appoint their own administrator in cases where a company may be entering distress/default and solicitors when legal work is required.
Due to nature of this work, it is difficult to determine the volumes of administration cases that will materialise in the coming months and years. This appointment needs to be made rapidly in a matter of days rather than weeks.
These key responsibilities and outputs included, but are not limited to:
- Administration, Planning and Statutory Matters
- Reviewing appointment and all statutory documents.
- Assessing the work needed for the particular case and ensuring that adequate resources are available and ensuring that the appropriate assistance from other professionals, is obtained.
- Preparing and issuing all progress reports, including receipts and payments accounts, and providing creditors with a suitable analysis of time costs accrued.
- Undertaking file reviews and ensuring compliance with statutory deadlines.
- Managing general administrative matters.
- Investigations
- Undertaking a review of the conduct of the director(s) and reporting thereon.
- Reviewing the affairs, trading and transactions of the company, In order to comply with the requirements laid on the Liquidator by statute and by the appropriate Statement of Insolvency Practice Issued by the Association of Business Recovery professionals.
- An examination of the company's records and transactions, particularly over the two-year period preceding liquidation.
- Raising enquiries with the director(s) in relation to transactions from the Company's bank account and seeking responses to those enquiries.
- Reviewing the Company's financial transactions, including those with associated parties.
- Investigating matters raised by creditors where appropriate. Considering whether any action can be taken under the provisions of the Insolvency Act.
- Realisation of Assets
- Appointing and Liaising with Agents in respect to the sale of the Company's intellectual property.
- Generally doing all things to dispose of the company's assets in order to maximise the position as regards creditors.
- Trading
- Post appointment trading (if required)
- Creditors
- Attending the meeting of creditors.
- Receiving and recording all creditor claims.
- Liaising with the redundancy payments office in respect of the claims of the employees and submitted forms RP.14 and RP 14a. Reviewing the claims of those employees and calculating any preferential distribution that may be due.
- Reviewing the terms of the Security lodged by Innovate UK Loans Limited. Updates with the creditor concerning and distribution that may be due under that security.
- Reviewing the realisations received in respect of any amounts which may become due under the prescribed part, where applicable.
- Adjudication of creditor claims should a distribution become payable to unsecured creditors.
- Reviewing realisations to date in comparison to creditor claims and the costs and expenses of the liquidation and issuing notice of no dividend/ notice of dividend to creditors.
- Dealing with all creditor correspondence via letter, fax, email and telephone.
- Case Specific Matters
- Dealing with statutory and regulatory matters.
- Preparing the final return and reporting to the Registrar.
- Ensuring the orderly closedown and dissolution of the Company after the distribution to creditors.
- Reviewing matters specific to this company which were identified post liquidation and dealing with those matters in an appropriate manner.
two.2.5) Award criteria
Quality criterion - Name: Price / Weighting: 20
Cost criterion - Name: Quality / Weighting: 80
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2022/S 000-017923
Section five. Award of contract
Contract No
CS22267
Lot No
Lot 1 -
Title
Lot 1 - Administrational Services
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
10 October 2022
five.2.2) Information about tenders
Number of tenders received: 3
Number of tenders received from SMEs: 1
Number of tenders received by electronic means: 3
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
Menzies LLP
1st Floor, Midas House, 62 Goldsworth Road, Woking
Woking
GU21 6LQ
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
OC336077
The contractor is an SME
No
five.2.3) Name and address of the contractor
PRICEWATERHOUSECOOPERS LLP
1 Embankment Place
London
WC2N 6RH
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
OC303525
The contractor is an SME
No
five.2.3) Name and address of the contractor
FRP Advisory Trading Ltd
110 Cannon Street,
London,
EC4N 6EU
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
12315855
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £10
Section five. Award of contract
Contract No
CS22267
Lot No
Lot 2
Title
Lot 2 - Legal Services
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
10 October 2022
five.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 1
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: Yes
five.2.3) Name and address of the contractor
Ashfords LLP
Ashford House, Grenadier Road
Exeter
EX1 3LH
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
OC342432
The contractor is an SME
No
five.2.3) Name and address of the contractor
Brodies LLP
58 Morrison Street
Edinburgh
EH3 8BP
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
SO300334
The contractor is an SME
No
five.2.3) Name and address of the contractor
Eversheds Sutherland (International) LLP
1 Callaghan Square
Cardiff
CF10 5BT
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
OC304065
The contractor is an SME
No
five.2.3) Name and address of the contractor
Mills & Reeve LLP
24 King William Street
London
EC4R 9AT
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
OC326165
The contractor is an SME
No
five.2.3) Name and address of the contractor
Ward Hadaway LLP
Sandgate House, 102 Quayside Newcastle upon Tyne
Tyne and Wear
NE1 3DX
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
OC430614
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £600,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
UK Shared Business Services Ltd
Swindon
SN2 1FL
Country
United Kingdom
Internet address
six.4.2) Body responsible for mediation procedures
UK Shared Business Services Ltd
Swindon
SN2 1FL
Country
United Kingdom
Internet address
six.4.4) Service from which information about the review procedure may be obtained
UK Shared Business Services Ltd
Swindon
SN2 1FL
Country
United Kingdom