Awarded contract

Financial Audit Services

Details

Value
7,000,000
Topic
Financial auditing services
Published
6 November 2023

Tender description

Severn Trent Plc's current auditor will cease providing services following the audit for the year ending 31 March 2025. This appointment is for the audit of the financial statements for the year ending 31 March 2026. Lot 1: This appointment is for the audit of the financial statements for the year ending 31 March 2026. The appointment is for an **initial 5-year term with options to extend for **5 x 12 month periods. **The appointment of the auditor is subject to annual re-appointment at the company AGM.

Timeline

  1. Completed: Award published6 November 2023
    Current notice
  2. Completed: Award date6 November 2023

About the buyer

Severn Trent Water Ltd supplies water and wastewater services to homes and businesses across the Midlands as a regulated utility. Ofwat oversees its commercial activity under the Competition Act 1998. Since October 2024 its supply agreements have followed the UK Procurement Regulations 2024. Competitive tenders are advertised through Find a Tender and the Achilles Utilities Vendor Database. Suppliers can also register through SAP Ariba Discovery, trade associations and an approved supplier database. New capital delivery frameworks are due to open for procurement from 2027 and will run for up to 15 years.

£434bn was the total UK public sector procurement spend in FY 2025/26.

Over the past 5 years, most of Severn Trent Water Ltd's contract awards have been in waste, cleaning and environmental services, electrical equipment and lighting and construction materials.

Relevant CPV codes

  • 79212100 · Financial auditing services
  • 79212300 · Statutory audit services

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Decision makers

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