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Contract awardedInsolvency practitioners

PS25037 - Appointment of Administrators for Innovate UK Loans

Establishment of a call-off contract for licensed insolvency practitioners to act as administrators for businesses within an innovation loan portfolio. The requirement addresses the logistical need for the authority to directly appoint administrators for approximately 260 businesses with a total exposure of £219m, ensuring professional oversight when companies are unable to meet repayment obligations.

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Awarded value
£200k
As published
Published
11 March 2025
Awarded
4 September 2025
Menzies LLP
Contract length
24 months
Ends 31 August 2027

What the contract covers

Contract for professional insolvency administration services

Provision of professional insolvency and administration services for a portfolio of early-stage businesses with outstanding innovation loan obligations.

  • Appointment of an administrator when required for businesses in the Innovate UK Loans portfolio
  • Administration process for businesses that are in debt and cannot pay amounts owed
  • Insolvency administration duties as set out in the Insolvency Act 1986

Terms and requirements

Contract type
Contract for professional insolvency administration services
Procedure
Open procedure
Initial term
24 months
Extensions
12 months
Longest it can run
36 months
Contract dates
4 September 2025 to 31 August 2027
Certifications asked for
licensed insolvency practitioners
Lots
1
Suitable for SMEs
Yes
Suitable for charities and social enterprises
Yes
Category
Services
CPV codes
79100000

Services in this contract

Lifecycle

  1. Published
  2. Contract awardedto Menzies LLP
  3. Contract starts
  4. Contract ends
The buyer

UK Research and Innovation (UKRI)

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The supplier

Menzies LLP

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Cite this contract

Link
https://bidskim.com/tender/319578/ps25037-appointment-of-administrators-for-innovate-uk-loans
Buyer reference
PS25037
Open contracting ID
ocds-h6vhtk-04eb4b
Last checked
5 November 2026

UK Research and Innovation (UKRI). PS25037 - Appointment of Administrators for Innovate UK Loans. Contract award, 11 March 2025. BidSkim, https://bidskim.com/tender/319578/ps25037-appointment-of-administrators-for-innovate-uk-loans (accessed 5 November 2026).