Banking and Custodian Services
Awarded to Northern Trust Company
British Business Bank Plc(buyer)
- Published
- Published 8 September 2026
- Deadline
- Closed 7 October 2026
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Overview
Contracting authority
2 live opportunities · 51 awarded contracts
Sheffield,, United Kingdom
GB-PPON: PGTM-8337-GYXM
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Key details
- Country
- United Kingdom
- Status
- In delivery
- Category
- Services
- Estimated value
- £1,500,000
- Procedure
- Open procedure
- Rules
- Procurement Act 2023
- SME suitable
- Yes
- Published
- 8 September 2026
- Questions by
- 30 September 2026
- Deadline
- Closed
Award outcome
- Awarded value
- £1,000,000
- Award date
- 13 November 2026
- Contract period
- 4 January 2027 → 3 January 2030
- Contract length
- 3 years
- Could run to
- 4 January 2032
- Against estimate
- 33% below
- Bids received
- 3
- Northern Trust Company
This contract ends on 3 January 2030, or 4 January 2032 if every extension is used.
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About the winner
Northern Trust Company
- Based in
- London,
- Public contracts won
- 6
- Across UK and EU notices
No other contract from British Business Bank Plc under this supplier name in Skim's records.
See every contract Northern Trust Company holds and when each one ends
Competition and scoring
Bids received
3
1 from SMEs
Open and restricted tenders in Financial and insurance services drew a median of 3 bids over the last 24 months; 21% received only one.
How bids were scored
Price 45% · Quality 55%
- Price45%
- Various quality45%
- Social Value10%
Price and cost criteria in black, quality in blue.
Market context
Typical award in Financial and insurance services
£120,000
Median of 2,335 awards in the last 24 months
This award is 8.3× the median.
British Business Bank Plc in the last 12 months
51
contracts awarded, worth £89,927,713 in total
Recent awards in Financial and insurance services
The latest contracts other buyers awarded under the same classification.
- Custody Dentention Officer
The Police and Crime Commissioner for Leicestershire, won by MITIE CARE AND CUSTODY LIMITED
£12.1m · 12 November 2026
- Humber Economic Strategy Delivery Plan
Greater Lincolnshire Combined County Authority, won by Ove Arup & Partners Limited
£30k · 16 August 2026
Notice history
Every published notice in this contracting process, newest first.
Contract
13 November 2026
Contract Notice
8 September 2026
More from British Business Bank Plc
Other contracts from the same contracting authority. 2 live opportunities · 51 awarded contracts on their hub.
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Awarded 3 November 2026
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