Scope
Reference
UKSAC25_0061
Description
In 2024 HMG provided a £20m investment as a convertible loan note to Orbex. The investment was provided to enable the company to develop their small-lift launch vehicle Prime and prepare their bid for ESA's European Launcher Challenge (ELC).
HMG wishes to update the financial due diligence given progress following that investment to understand the company's current financial health including long term viability, business, expenditure and investment plans, risks to successful completion of vehicle and service development, demonstration and reaching commercialisation.
Contract 1. Orbex Financial Due Diligence
Supplier
Contract value
- £135,000 excluding VAT
- £162,000 including VAT
Above the relevant threshold
Award decision date
29 July 2025
Standstill period
- End: 8 August 2025
- 8 working days
Earliest date the contract will be signed
12 August 2025
Contract dates (estimated)
- 12 August 2025 to 31 October 2025
- 2 months, 20 days
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy services
Contract locations
- UK - United Kingdom
Procedure
Procedure type
Direct award
Supplier
PRICEWATERHOUSECOOPERS LLP
- Companies House: OC303525
- Public Procurement Organisation Number: PWXM-5926-GWLN
1 Embankment Place
London
WC2N 6RH
United Kingdom
Email: uk_tender_tracker@pwc.com
Website: http://www.pwc.co.uk
Region: UKI32 - Westminster
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. Orbex Financial Due Diligence
Contracting authority
UK Space Agency
- Public Procurement Organisation Number: PRTY-4245-MTJY
Quad Two Building 1st Floor, Rutherford Avenue, Harwell Science and Innovation Campus
Didcot
OX11 0DF
United Kingdom
Region: UKJ14 - Oxfordshire
Organisation type: Public authority - central government