PS25037 - Appointment of Administrators for Innovate UK Loans
Buyer: UK Research and Innovation
- Published
- 3 October 2025
- Estimated value
- £200,000
- Place of performance
- UK
- Procedure
- Open procedure
- Lots
- 1
- Notice number
- 062038-2025
- Reference
- ocds-h6vhtk-04eb4b
- Official source
- Official source
CPV codes
- 79100000Legal services
Description
The final date and time for the submission of bids is Thursday 22nd May 2025 at 11:00 hrs DO NOT apply directly to the buyer. All tender information MUST be submitted through the Jaggaer eSourcing Portal. Brief Description of Requirement At present the IUKL loan portfolio consists of around 260 businesses with an overall exposure of £219m. Due to the early-stage nature of the businesses in the portfolio the expectation is that a considerable number will not be successful in achieving their objectives and will ultimately be unable to repay their innovation loan as planned. If a company is in debt and cannot pay the money that it owes it will typically be placed into administration. To facilitate this process there will be an appointment of an administrator either by the directors, a creditor or the court to fulfil the administration process. To date there have been 41 businesses in the IUKL portfolio that have entered administration, however in all bar one of these cases the administrator has been appointed by the company themselves when they have filed for administration. The exception to this was for a potential fraudulent case and the administrators were appointed from the previo…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| MENZIES LLP | — | — |
Official publications
- FTS · 062038-2025 · 3 October 2025
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £200,000.
- Who is the buyer of this tender?
- The contracting authority is UK Research and Innovation (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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