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PROCUREMENT OPPORTUNITY

Orbex Financial Due Diligence

UK Space Agency · Transparency notice on Find a Tender

Tender information last checkedLast checked 30 Sept 2026, 06:42.

Opportunity overview

In 2024 HMG provided a £20m investment as a convertible loan note to Orbex. The investment was provided to enable the company to develop their small-lift launch vehicle Prime and prepare their bid for ESA's European Launcher Challenge (ELC). HMG wishes to update the financial due diligence given progress following that investment to understand the company's current financial health including long term viability, business, expenditure and investment plans, risks to successful completion of vehicle and service development, demonstration and reaching commercialisation.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

PRICEWATERHOUSECOOPERS LLP

Matched by number
Published award value
£135k
Awarded
28 Jul 2025
Award ID
1
Status
pending
Identifier
GB-COH OC303525
Location
London, UKI32, WC2N 6RH, United Kingdom

Classification

No classification was supplied.

Lots

  • Lot 1Value not stated

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
UKSAC25_0061
Status
complete
Procurement Method
direct
Procurement Method Details
Direct award
Why this procedure was chosen
This work is an update to previously competed work competed that was awarded to the Supplier. The scope of the work updates and the original services that were delivered part of that original work was designing an appropriate methodology a different methodology would lead to the work being incompatible with, the existing services delivered where the time and cost of working with another supplier would be disproportionate. The supplier demonstrated their suitability for undertaking work of this nature by having been awarded the contract for the original due diligence work on a competitive basis.

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure reasons

Entry 1
Id
additionalRepeatExtensionPartialReplacement

Lots and requirements

Entry 1
Id
1
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Description
Not published
Document Type
conflictOfInterest

Buyer, suppliers and contacts

Organisation 1
Id
GB-PPON-PRTY-4245-MTJY
Name
UK Space Agency

Roles

buyer

Address

Region
UKJ14
Country
GB
Locality
Didcot
Postal Code
OX11 0DF
Country Name
United Kingdom
Street Address
Quad Two Building 1st Floor, Rutherford Avenue, Harwell Science and Innovation Campus

Details

Classifications

Entry 1
Id
publicAuthorityCentralGovernment
Scheme
UK_CA_TYPE
Description
Public authority - central government

Identifier

Id
PRTY-4245-MTJY
Scheme
GB-PPON

Contact

Organisation 2
Id
GB-COH-OC303525
Name
PRICEWATERHOUSECOOPERS LLP

Roles

supplier

Address

Region
UKI32
Country
GB
Locality
London
Postal Code
WC2N 6RH
Country Name
United Kingdom
Street Address
1 Embankment Place

Details

Vcse
No
Scale
large
Sheltered Workshop
No
Public Service Mission Organization
No

Identifier

Id
OC303525
Scheme
GB-COH

Contact

Additional Identifiers

Entry 1
Id
PWXM-5926-GWLN
Scheme
GB-PPON

Award information

Award 1
Id
1
Date
29 Jul 2025, 00:00
Title
Orbex Financial Due Diligence
Status
pending
Above Threshold
Yes
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom
Entry 2
Region
UK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66171000
Scheme
CPV
Description
Financial consultancy services

Value

Amount
135,000
Currency
GBP
Including VAT
162,000

Documents

Entry 1
Id
043897-2025
Format
text/html
Notice Type
UK5
Description
Transparency notice on Find a Tender
Document Type
awardNotice
Published
29 Jul 2025, 14:19
Entry 2
Id
043932-2025
Format
text/html
Notice Type
UK6
Description
Contract award notice on Find a Tender
Document Type
awardNotice
Published
29 Jul 2025, 15:02

Suppliers

Supplier 1
Id
GB-COH-OC303525
Name
PRICEWATERHOUSECOOPERS LLP

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Status
scheduled
Due
12 Aug 2025, 23:59

Related lots

1

Contract period

Ends
31 Oct 2025, 23:59
Starts
12 Aug 2025, 00:00

Standstill Period

Ends
8 Aug 2025, 23:59

Recorded locations

  • Buyer location · Didcot · UKJ14 · OX11 0DF · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-056827-2025-07-29T15:02:54+01:00Transparency notice on Find a Tender ·