AWARD OUTCOME
What happened
Isle of Wight Council published an award notice naming G4S CASH SOLUTIONS (UK) LIMITED for cash/valuables collection and cash-in-transit services. The service involves moving bulk coin from an Isle of Wight Council depot to a bulk coin handling centre.
Published outcomeAn active award record dated 9 October 2026 names one verified supplier. The published contract period is 1 November 2026 to 31 October 2028; the notice does not explicitly confirm signature.
Market significanceThe notice reports an estimated £45,000 value for the whole potential contract period, including any extension, awarded through a further competition under ESPO Framework Agreement 324F_24, Lot 1.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
G4S CASH SOLUTIONS (UK) LIMITED
98% confidenceAward ocds-b5fd17-2d439227-fd73-420c-a8e2-14fca690862d-1 · Lots ESPO Framework Agreement 324F_24, Lot 1 (further competition) · £45,000 estimated shared award value GBP · Verified supplier named on active award
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The award names G4S Cash Solutions (UK) Limited. Supplier verification reports an exact-name match to company number 00354883 and verified legal name G4S CASH SOLUTIONS (UK) LIMITED. The single award value is £45,000.
LIFECYCLE
Award or contract stage
Notice status
99% confidenceAwarded contract notice; source record status complete and award status active
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Contracts Finder notice is labelled “Awarded contract notice on Contracts Finder”; tender status is “complete” and award status is “active”.
Award date
99% confidence9 October 2026
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Award record date: 2026-10-09.
Planned contract start
98% confidence1 November 2026
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Published contract period start: 2026-11-01.
Published contract end
98% confidence31 October 2028
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Published contract period end: 2028-10-31.
VALUES
Published values explained
Published award value
99% confidence£45,000 estimated
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The award value is £45,000 GBP. The notice states that values are estimated for the whole contract period including any extension period.
Value coverage
98% confidenceWhole potential term, including extension if used
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Notice additional information states that values are estimated for the whole contract period including any extension period.
TIMELINE
Procurement timeline
Tender response deadline
99% confidence21 August 2026, 14:00 BST
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Tender period end date: 2026-08-21T14:00:00+01:00.
Award notice published
99% confidence9 October 2026, 14:26 BST
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Award notice publication timestamp: 2026-10-09T14:26:13+01:00.
Initial term
98% confidence1 November 2026 to 31 October 2028
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Published contract period start and end dates.
SCOPE
What was awarded
Requirement
99% confidenceCash/valuables collection and cash-in-transit services for bulk coin
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Description states the service removes bulk coin from an Isle of Wight Council depot to a bulk coin handling centre.
Classification
99% confidenceCPV 79710000 — Security services
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Primary classification supplied in the notice.
Delivery area
96% confidenceSouth East, United Kingdom
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Tender item delivery address identifies the South East region, United Kingdom.
Framework route
99% confidenceFurther competition under ESPO Framework Agreement 324F_24, Lot 1
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Notice description explicitly identifies a further competition under Lot 1 of ESPO Framework Agreement 324F_24.
PROCEDURE
Procedure and competition
Procurement route
99% confidenceFurther competition under a framework agreement
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Notice description identifies a further competition under ESPO Framework Agreement 324F_24, Lot 1.
Published method detail
90% confidenceOther
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procurementMethodDetails is recorded as “Other - ”.
Competition information
99% confidenceNumber of bids and evaluation results unknown
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No bid count, bidder list, scores or evaluation narrative is supplied in the published data.
CONTRACT TERMS
Published contract terms
Initial term
99% confidence2 years
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Notice description states an initial period of 2 years; published dates run from 1 November 2026 to 31 October 2028.
Extension option
99% confidenceUp to 12 months, at the Authority’s sole discretion
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Description states an option to extend for a further period up to a total of 12 months, taking the maximum term to 3 years.
Maximum possible term
99% confidence3 years
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Notice description says the extension could take the contract term to a maximum of 3 years.
COMMERCIAL VIEW
Commercial observations
Commercial structure
96% confidenceThe £45,000 figure is an estimated ceiling/value across the potential term rather than a published pricing breakdown.
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The notice states that values are estimated for the whole contract period including extensions; no unit rates or pricing schedule are provided.
Supplier allocation
99% confidenceOne supplier is named and one award is recorded.
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The active award lists one supplier, G4S Cash Solutions (UK) Limited.
DATA QUALITY
Gaps and source limitations
Award and identity evidence
97% confidenceHigh-quality core award evidence
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A Contracts Finder award notice, an active award record, explicit dates/value, and a verified exact-name supplier match are supplied.
Contract execution status
99% confidenceSignature/conclusion is not evidenced
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The source is an award notice and does not provide a signed-contract record or signature date.
Published information gap
99% confidenceInformation not supplied in the published notice includes bid numbers, evaluation scores, award rationale and pricing detail.
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These fields are absent from the supplied notice data.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The notice does not establish that a contract has been signed or otherwise concluded; it reports an award and planned contract dates.
- No tenderer count, unsuccessful bidder information, scoring, evaluation rationale, award-decision narrative or savings information is published.
- No pricing schedule, unit rates, payment terms or allocation beyond the single published award value is supplied.
- The source does not provide a detailed lot record or individual lot value; Lot 1 is identified only in the narrative description.
- Exercise of the extension option is unknown and should not be treated as committed.
MARKET THEMES
Relevant award themes
Isle of Wight CouncilG4S CASH SOLUTIONS (UK) LIMITEDcash in transitcash collectionCVIT servicesESPO 324F_24security services
COMMON QUESTIONS
About this award
Who was named as supplier?
G4S CASH SOLUTIONS (UK) LIMITED, verified by an exact-name match to company number 00354883.
What is the published value?
£45,000 estimated for the whole potential contract period, including any extension.
When does the published initial term run?
From 1 November 2026 to 31 October 2028, with an optional extension of up to 12 months.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.