THE NORTH EAST FUND LIMITED

Information

Name

Type

Company Owned By Local Authorities

Roles

Buyer

Company Size

Company Number

Incorporation Date

Website

https://www.northeastfund.org/

Address

Fifth Floor, West One, Forth Banks

NEWCASTLE-UPON-TYNE
NE1 3PA
England

Suppliers

ARMSTRONG WATSON LLP
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Open Opportunities

These are contracts by THE NORTH EAST FUND LIMITED which are open for your company to bid on. You can find information about the estimated value, closing dates, etc. on the card.

Contracts awarded by THE NORTH EAST FUND LIMITED

These are contracts have closed and been awarded by THE NORTH EAST FUND LIMITED to a company or companies. Click on the contract to view more detailed information and view the full details about the winning bid/company.

Award

Published 3 years ago

Audit and Tax Advisory Services for The North East Fund

The North East Fund is inviting firms to tender to act as its auditor and to provide tax advice and support. The contract will be for an initial period of four years (subject to annual re-appointment by the company), beginning in February 2021 and will require the successful tenderer to audit the accounts of the company for the financial year ending 31 March 2021 and to audit the three subsequent years' accounts and provide corporation tax and potentially other tax and advisory services. The North East Fund is the holding fund manager for a venture capital and loan programme which invests in SMEs based in the North East of England. It is the principal investor and a limited partner in five funds which are set up as limited partnerships and which are managed by independent, FCA authorised fund management companies: Maven Capital Partners; Mercia Asset Management; NEL Fund Managers and Northstar Ventures. The North East Fund began operating in March 2018 and to date its sub-funds have invested c.£50m in 265 companies and are expected to invest a further £70m in c.300 more companies in the period to March 2023 - with the potential to continue investing until 2025. The realisation phase of the five sub-funds will continue at least until 2028, with the potential to be extended to 2032 - to allow time for the loans and investments made to be repaid and realised. Further information regarding the size and structure of TNEFL and its sub-funds is set out in the Invitation to Tender document. TNEFL has decided not to re-appoint its current auditor and so is inviting FRC registered audit practice firms to tender to act as its auditor and also to provide tax advice and support, including preparation and submission of annual corporation tax computation and return. The successful firm will be required to complete the audit for TNEFL's current financial year (ending 31 March 2021) which, due to obligations in the company's funding agreements, must be completed at the latest by mid-September 2021. The appointment as auditor will take effect from completion of the tender process in January / February 2021 and will be for a period of four years, subject to annual re-appointment. The closing date for tender submissions is 12 noon on Wednesday 20th January 2021. The Invitation to Tender document includes details of: what to include in your tender; how to submit it and how to ask any questions you may have regarding the process.

£1 Bids close: 3 years ago

Information

Name

Type

Roles

Company Size

Company Number

Incorporation Date

Website

Address

Suppliers

Open Opportunities

Procurement of Fund Management Services for University Commercialisation and Spinout Fund

Procurement of Fund Management Services for North East Mezzanine and Loan Fund

Fund Management Services for North East Early Stage Equity Fund

Contracts awarded by THE NORTH EAST FUND LIMITED

Audit and Tax Advisory Services for The North East Fund

Contacts

Statistics (1 Year)