Scope
Description
To provide a Credit Rating for our debut drawdown issuance under the EMTN programme
Contract 1
Supplier
Contract value
- £190,000 excluding VAT
- £228,000 including VAT
Above the relevant threshold
Earliest date the contract will be signed
15 October 2025
Contract dates (estimated)
- 15 October 2025 to 31 March 2026
- 5 months, 17 days
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy 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)
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
- Single supplier - technical reasons
- Extreme and unavoidable urgency
S&P rate the programme and are engaged to provide a public
listed rating for SNG (formally SHA) therefore were the only eligible rating agency to rate the transaction
Supplier
S&P Global Ratings UK Limited
- Companies House: 11736453
4th Floor, Ropemaker Place, 25 Ropemaker Street
London
EC2Y 9LY
United Kingdom
Email: EMEA_TMTeam@spglobal.com
Region: UKI43 - Haringey and Islington
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1
Contracting authority
Sovereign Network Group
- Companies House: RS007448
- Public Procurement Organisation Number: PQJN-7876-CYGZ
Sovereign House, Basing View
Basingstoke
RG21 4FA
United Kingdom
Region: UKJ37 - North Hampshire
Organisation type: Public authority - sub-central government