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PROCUREMENT OPPORTUNITY

Commercial Advisor for the delivery of Finance Services relating to divestments in line with the Council's recovery plan

Thurrock Council · Transparency notice on Find a Tender

Tender information last checkedLast checked 2 Oct 2026, 18:46.

Opportunity overview

Financial Advisor for the Council in relation to the divestment programme which was agreed as part of the Council's recovery plan

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.

Calderstones Consulting Ltd

Match pending…
Published award value
£480k
Awarded
Not supplied
Award ID
1
Status
pending
Identifier
GB-COH 08664684
Location
Liverpool, UKD72, L18 6HX, 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
ocds-h6vhtk-06884d
Status
complete
Procurement Method
direct
Procurement Method Details
Direct award
Why this procedure was chosen
A direct award is considered permissible under PA2023 (Section 41, Schedule 5 applies) where competition is not reasonably possible, including situations where: Only one supplier is capable of delivering the requirement due to technical or specialist reasons, or A change of supplier would cause significant inconvenience, duplication of costs, or substantial risk to delivery. These conditions align with the Council's situation, as Calderstones holds unique, embedded understanding of the divestment programme that cannot be replicated by an alternative supplier without unacceptable disruption. Explicitly: 1) Extensive reconstruction of knowledge: A new adviser would require substantial time to reacquire programme history, understand past decisions, interpret legacy modelling, and rebuild the analytical framework that Calderstones already maintain. This would occupy months of effort with no guaranteed accuracy. 2) Re‑evaluation and duplication of completed work: A replacement supplier would need to re‑perform valuation work, interrogate historical financial models, validate assumptions, and re‑open previously settled strategic decisions. This duplication would generate unnecessary cost while adding no additional value. 3 ) Loss of strategic continuity: The programme is highly interdependent; the logic of earlier decisions informs current actions. Without Calderstones' insight into why those decisions were taken, there is a high risk of fragmentation, inconsistent advice, or misalignment with the established strategy. 4) Delay to time‑critical activities: Divestment actions are sensitive to market timing, regulatory milestones, investor sentiment, and contractual obligations. Any delay in adviser capability-while a new provider becomes familiar with the programme-introduces direct financial and commercial risk to the Council.

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure reasons

Entry 1
Id
singleSuppliersTechnicalReasons
Entry 2
Id
additionalRepeatExtensionPartialReplacement
Entry 3
Id
urgency

Lots and requirements

Entry 1
Id
1
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published

Buyer, suppliers and contacts

Organisation 1
Name
Thurrock Council
Id
GB-PPON-PMHW-1723-WDCD

Identifier

Scheme
GB-PPON
Id
PMHW-1723-WDCD

Address

Street Address
New Road
Locality
Grays
Postal Code
RM17 6SL
Country
GB
Country Name
United Kingdom
Region
UKH32

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthoritySubCentralGovernment
Description
Public authority - sub-central government
Organisation 2
Name
Calderstones Consulting Ltd
Id
GB-COH-08664684

Identifier

Scheme
GB-COH
Id
08664684

Address

Street Address
25 Calderstones Avenue
Locality
Liverpool
Postal Code
L18 6HX
Country
GB
Country Name
United Kingdom
Region
UKD72

Contact

Roles

supplier

Details

Scale
sme
Vcse
No

Award information

Award 1
Id
1
Title
Commercial Advisor for the delivery of Finance Services relating to divestments in line with the Council's recovery plan
Status
pending
Main Procurement Category
services
Above Threshold
Yes

Items

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
66171000
Description
Financial consultancy services

Delivery locations

Entry 1
Region
UKH
Country
GB
Country Name
United Kingdom

Value

Including VAT
576,000
Amount
480,000
Currency
GBP

Suppliers

Supplier 1
Id
GB-COH-08664684
Name
Calderstones Consulting Ltd

Contract period

Starts
10 May 2026, 00:00
Ends
31 Mar 2028, 23:59

Related lots

1

Documents

Entry 1
Id
036507-2026
Document Type
awardNotice
Notice Type
UK5
Description
Transparency notice on Find a Tender
Published
22 Apr 2026, 11:32
Format
text/html

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Due
9 May 2026, 23:59
Status
scheduled

Recorded locations

  • Buyer location · Grays · UKH32 · RM17 6SL · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. 036507-2026Transparency notice on Find a Tender ·