AWARD OUTCOME
What happened
UK Research and Innovation awarded GUESSWORKS LTD a contract for investment readiness training sessions following a below-threshold limited competition. The contract record states it was signed on 12 October 2026 and runs from 15 October 2026 to 31 March 2027.
Published outcomeOne active award and active contract are recorded for GUESSWORKS LTD. The stated contract value is £44,500 excluding VAT (£53,400 including VAT).
Market significanceThis is a small, below-threshold training-services contract awarded through limited competition, with delivery across the UK.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
GUESSWORKS LTD
99% confidenceAward 1 · Lots 1 · £44,500 excluding VAT; £53,400 including VAT GBP · Verified supplier; active award and contract
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The supplier is identified on award ID 1. The supplied verification records company number 13359763, verified company name GUESSWORKS LTD, and a company-number match. Contract ID 1 is linked to award ID 1 and contains the contract value.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice
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The source labels the publication as a "Contract details notice on Find a Tender" and states it is not a call for competition.
Procurement status
98% confidenceComplete
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Tender status is recorded as "complete".
Award status
98% confidenceActive
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Award ID 1 has status "active".
Contract status
98% confidenceActive
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Contract ID 1 has status "active".
Contract signature
99% confidenceSigned on 12 October 2026
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Contract ID 1 records dateSigned as 2026-10-12.
Contract period
99% confidence15 October 2026 to 31 March 2027
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Contract ID 1 period startDate is 2026-10-15 and endDate is 2027-03-31.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£44,500
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Contract ID 1 value.amount is 44500 GBP.
Contract value including VAT
99% confidence£53,400
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Contract ID 1 value.amountGross is 53400 GBP.
Value allocation
97% confidenceSingle contract linked to award 1 and lot 1
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Contract ID 1 links to awardID 1; award ID 1 relates to lot 1 and names one supplier.
TIMELINE
Procurement timeline
Contract signed
99% confidence12 October 2026
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Contract ID 1 dateSigned is 2026-10-12.
Contract starts
99% confidence15 October 2026
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Contract ID 1 period.startDate is 2026-10-15.
Notice published
99% confidence16 October 2026
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The contract details notice datePublished is 2026-10-16.
Contract ends
99% confidence31 March 2027
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Contract ID 1 period.endDate is 2027-03-31.
SCOPE
What was awarded
Requirement
98% confidenceInvestment readiness training sessions
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The procurement description states that UK Research and Innovation require investment readiness training sessions.
Service classification
99% confidenceTraining services (CPV 80500000)
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Award item 1 has additional classification CPV 80500000, described as Training services.
Delivery geography
96% confidenceUnited Kingdom
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Award item 1 lists a delivery address with region UK and country GB.
Lot structure
98% confidenceOne lot recorded (lot 1)
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The tender contains lot 1; award ID 1 and contract ID 1 are linked to that lot.
PROCEDURE
Procedure and competition
Procedure
99% confidenceBelow-threshold limited competition
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The tender procurementMethod is "limited" and procurementMethodDetails is "Below threshold - limited competition".
Competition information
99% confidenceBidder count and evaluation information not supplied
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No bidder count, evaluation scores, award rationale, or pricing comparison is included in the supplied notice data.
CONTRACT TERMS
Published contract terms
Term
98% confidenceApproximately 5.5 months
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The recorded contract period runs from 15 October 2026 to 31 March 2027.
VAT treatment
99% confidence£44,500 net and £53,400 gross
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The contract value contains amount 44500 and amountGross 53400, in GBP.
Above-threshold status
99% confidenceNo
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Contract ID 1 records aboveThreshold as false.
Extension or renewal terms
99% confidenceUnknown
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No extension, options, or renewal provisions are supplied.
COMMERCIAL VIEW
Commercial observations
Commercial scale
99% confidence£44,500 excluding VAT
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The signed contract record gives a net value of 44500 GBP.
Route to market
99% confidenceLimited competition for a below-threshold requirement
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The procurement method details explicitly state "Below threshold - limited competition".
Supplier opportunity signal
96% confidenceThe requirement concerns specialist investment readiness training
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The stated requirement is investment readiness training sessions, classified as training services.
DATA QUALITY
Gaps and source limitations
Published evidence coverage
98% confidenceContract dates, signature date, values, award linkage, procedure and supplier identity are supplied
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These fields are present in the contract, award, tender and supplier records.
Information not supplied in the published notice
99% confidenceNo award decision date, bidder count, evaluation results, award rationale, lot title, detailed deliverables, pricing breakdown, or extension terms
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These fields are absent from the supplied data.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The published data does not state the number or identity of other participants, evaluation method or scores, award rationale, or any savings analysis.
- No detailed statement of work, lot title, session volumes, delivery format, pricing schedule, or performance measures is supplied.
- No extension, option, or renewal provisions are supplied; the stated end date must not be read as a future procurement commitment.
- The supplied award record has no separate award date; the contract signature and start dates are reported separately.
MARKET THEMES
Relevant award themes
UK Research and InnovationGUESSWORKS LTDinvestment readiness trainingtraining serviceslimited competitionpublic procurement
COMMON QUESTIONS
About this award
Who won the UKRI Investment Readiness Training contract?
GUESSWORKS LTD, verified against company number 13359763.
What is the contract value?
£44,500 excluding VAT, or £53,400 including VAT.
When does the contract run?
The record states 15 October 2026 to 31 March 2027; it was signed on 12 October 2026.
What procurement route was used?
Below-threshold limited competition.
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.