Find a TenderAwarded without competitionContract award notice

Published 14 Oct 2025, 13:35 BST

Official UK procurement notice

Credit Rating and Analytical Services

Official notice

Authority: Sovereign Network Group

Direct award

Sectors: Financial and insurance services (66) Delivery: North East (UKC)North West (UKD)Yorkshire & Humber (UKE)

+6 more

East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)South West (UKK)

Awarded value£190,000published award · exc. VAT

Awarded 15 Oct 2025no call for competition

Awarded to S&P Global Ratings UK Limited

What is being bought

Published requirement description

To provide a Credit Rating for our debut drawdown issuance under the EMTN programme

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: North East, North West, Yorkshire & Humber, East Midlands, West Midlands, East of England, London, South East, South West

66171000 Financial consultancy services

Procedure terms & legal framework

From the official record

Procedure method: Direct award
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 14 Oct 2025, 13:35 BST
Last source update: 14 Nov 2025, 16:01 GMT
FTS notice number: 2025/S 000-074131
Latest notice: Contract award notice (UK6)
Delivery area: North East (UKC)North West (UKD)Yorkshire & Humber (UKE)East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)
+1 more
South West (UKK)
Official registry OCID: ocds-h6vhtk-05cc44 Find a Tender

Why no open competition: Single Suppliers Technical Reasons; Urgency
Published justification: 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

Notice history

3 events · 2 releases on Find a Tender · since 14 Oct 2025

Transparency notice published
14 Oct 2025, 13:35 BST
UK5
Contract award notice published
14 Nov 2025, 16:01 GMT
UK6
Contract signature expected
15 Nov 2025, 23:59 GMT
scheduled

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £190,0001 award exc. VAT

Awarded to	Value	Date	Status
S&P Global Ratings UK Limited15 Nov 2025 – 31 Mar 2026	£190,000	15 Oct 2025	Awarded

Contracting authority & participating public bodies

Sovereign Network Group

Contracting authorityPublic authority - sub-central government GB-COH: RS007448 · GB-PPON: PQJN-7876-CYGZ Sovereign House, Basing View, Basingstoke, South East, RG21 4FAContact email

Bidders & participating suppliers

1 commercial party on the notice

S&P Global Ratings UK LimitedAwarded supplierGB-COH: 11736453 4th Floor, Ropemaker Place, 25 Ropemaker Street, London, London, EC2Y 9LYContact email

Official documents & specifications (2)

Official links; attachments are not copied

Notices published for this procedure

Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender14 Nov 2025, 16:01 GMT
Transparency notice awardTransparency noticeUK5Transparency notice on Find a Tender14 Oct 2025, 13:35 BST