Scope
Description
Financial Audit Services
o Provide reasonable assurance over NESO's financial records in accordance with applicable accounting standards (IFRS ).
o Verify that financial statements are free from material misstatements due to fraud, error, or irregularities.
o Evaluate internal financial controls, focusing on risks associated with financial misreporting, operational inefficiencies, or compliance failures.
o Provide an audit opinion on the true and fair representation of NESO's financial position, performance, and cash flow.
o Conduct testing of key accounts to provide reasonable assurance over the financial assertions.
o Update NESO leadership and Audit & Risk Committee (ARC) regarding relevant changes in legislation and regulation.
o Report on external audit progress to NESO leadership, including attendance at bi-monthly ARC meetings and other board or committee meetings as required.
o Provide guidance to NESO leadership in particular the Chief Financial Officer (CFO), chair of ARC, director of financial control, and the accounting & reporting lead on accounting and financial matters.
o Liaise and coordinate with the CFO, director of financial control and accounting & reporting lead via a monthly progress meeting to ensure full exchange of information.
o Produce an annual SOC1 report evaluating the effectiveness of NESO financial controls in relation to transmission revenue charging, for external distribution to UK transmission owners, including National Grid Electricity Transmission (NGET).
Contract 1
Supplier
Contract value
- £1,850,000 including VAT
Above the relevant threshold
Award decision date
20 August 2025
Standstill period
- End: 1 September 2025
- 8 working days
Earliest date the contract will be signed
5 September 2025
Contract dates (estimated)
- 6 September 2025 to 5 September 2030
- 5 years
Main procurement category
Services
CPV classifications
- 79212000 - Auditing services
Contract locations
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKI - London
- UKJ - South East (England)
- UKK - South West (England)
Procedure
Procedure type
Direct award
Special regime
Utilities
Supplier
BDO LLP
- Companies House: OC305127
- Public Procurement Organisation Number: PMQV-8736-WMJD
55 Baker Street
London
W1U 7EU
United Kingdom
Email: publicsectorsales@bdo.co.uk
Website: https://www.bdo.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
Contracting authority
NATIONAL ENERGY SYSTEM OPERATOR LIMITED
- Companies House: 11014226
- Public Procurement Organisation Number: PHQL-5234-MWWV
St Catherine's Lodge Bearwood Road
Wokingham
RG41 5BN
United Kingdom
Email: nesoprocurement@neso.energy
Region: UKJ11 - Berkshire
Organisation type: Public undertaking (commercial organisation subject to public authority oversight)