Expired contract

GB-Sheffield: Legal services for BBFSL

Details

Supplier(s)
Ashurst LLP
Value
£47,000
Duration
2 months
Topic
Legal services
Published
27 July 2026

Tender description

reviewing and providing a "red flag" report on the CLN, the investment agreement, the shareholders' agreement and the Articles of Association (noting that, as discussed, the constitutional documents are currently being slightly amended) British Business Bank (BBB) have utilised the Crown Commercial Services (CCS) RM6360, Lot 3 Finance and High Risk / Innovation Additional information: British Business Bank Plc, registered in England and Wales, registration number 08616013, registered office Steel City House, West Street, Sheffield, S1 2GQ, a development bank wholly owned by the HM Government. It and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.

Timeline

  1. Completed: Award date4 May 2026
  2. Completed: Contract expiry date30 June 2026
  3. Completed: Award published27 July 2026
    Current notice

About the buyer

British Business Bank is a government-owned economic development bank and non-departmental public body, wholly owned by the Department for Business and Trade. A supplier management policy sets out how the Bank runs its contracts. Procurement follows the Public Contract Regulations 2015 and the Procurement Act 2023. Larger opportunities are advertised through the Find a Tender service. Public sector frameworks let suppliers win call-off contracts through mini-competitions. A contracts register, updated every six months, lists what the Bank has awarded. Monthly spend above a set threshold is published for transparency. Suppliers can also read the Bank's guide to public sector tendering.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of British Business Bank's contract awards have been in business services, financial and insurance services and software and information systems.

Relevant CPV codes

  • 79100000 · Legal services

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