AWARD OUTCOME
What happened
British Business Bank awarded a recruitment-services contract to KORN FERRY (UK) LIMITED for recruitment support for the Bank’s CEO position. The contract record states it was signed on 6 October 2026 and runs from 7 October 2026 to 4 April 2028.
Published outcomeOne active award and one active contract are recorded for KORN FERRY (UK) LIMITED under a below-threshold framework award.
Market significanceThe published contract value is £130,000 excluding VAT (£156,000 including VAT) for specialist executive recruitment services.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
KORN FERRY (UK) LIMITED
99% confidenceAward 1 · Lots 1 · £130,000 excluding VAT; £156,000 including VAT GBP · Verified legal supplier; active award and contract
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Award 1 names supplier GB-COH-00763575. Supplier verification matched company number 00763575 to KORN FERRY (UK) LIMITED. The contract value applies to contract 1, which is linked to award 1.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
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Document 098217-2026 is described as a Contract details notice on Find a Tender.
Procurement status
98% confidenceComplete
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Tender status is "complete"; lot 1 status is "complete".
Award status
98% confidenceActive
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Award 1 status is "active".
Contract status
98% confidenceActive
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Contract 1 status is "active".
Contract signature date
99% confidence6 October 2026
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Contract 1 dateSigned is 2026-10-06.
Contract start date
99% confidence7 October 2026
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Contract 1 period startDate is 2026-10-07.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£130,000
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Contract 1 value amount is 130000 GBP.
Contract value including VAT
99% confidence£156,000
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Contract 1 value amountGross is 156000 GBP.
TIMELINE
Procurement timeline
Contract signed
99% confidence6 October 2026
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Contract 1 dateSigned is 2026-10-06.
Contract commencement
99% confidence7 October 2026
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Contract 1 period startDate is 2026-10-07.
Contract end
99% confidence4 April 2028
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Contract 1 period endDate is 2028-04-04.
Notice published
99% confidence16 October 2026
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Document 098217-2026 datePublished is 2026-10-16.
SCOPE
What was awarded
Requirement
98% confidenceRecruitment agency services for the British Business Bank CEO position
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The notice title is "Recruitment Agency for CEO position" and its description states the requirement is for a recruitment agency for the Bank’s CEO position.
Procurement category
98% confidenceServices
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Award 1 mainProcurementCategory is "services".
CPV classification
99% confidence79600000 — Recruitment services
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Award item 1 gives CPV 79600000, described as Recruitment services.
Delivery location
98% confidenceUnited Kingdom
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Award item 1 delivery address specifies region UK and country GB.
PROCEDURE
Procedure and competition
Procedure
99% confidenceSelective
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Tender procurementMethod is "selective".
Award route
99% confidenceBelow-threshold award under a framework
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Tender procurementMethodDetails is "Below threshold - award under framework".
Competitive procurement flag
98% confidenceNot competitive
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Tender competitive is false.
Framework reference
98% confidenceocds-h6vhtk-05295b
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The related process with relationship "framework" identifies ocds-h6vhtk-05295b.
CONTRACT TERMS
Published contract terms
Term
99% confidence7 October 2026 to 4 April 2028
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Contract 1 period runs from 2026-10-07 to 2028-04-04.
Term length
97% confidenceApproximately 18 months
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Calculated from the explicit contract start and end dates.
Above-threshold status
99% confidenceNo
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Contract 1 aboveThreshold is false.
COMMERCIAL VIEW
Commercial observations
Commercial structure
96% confidenceA single active contract is recorded against the sole active award for lot 1.
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The notice contains one award, one supplier, one lot and one linked contract.
Value interpretation
96% confidenceThe published value is a contract-level amount linked to award 1 and lot 1.
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Contract 1 is linked to award 1; award 1 relates to lot 1.
DATA QUALITY
Gaps and source limitations
Published detail gap
99% confidenceLot 1 has no published title, description or individual lot value.
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The lot record contains no title, description or value fields.
Published detail gap
98% confidenceInformation on bids, evaluation, award rationale, pricing breakdown, extensions and renewal options was not supplied in the published notice.
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No such fields are present in the supplied notice data.
Date availability
99% confidenceNo separate award date is supplied.
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The award record has a null award_date; signature, start, end and publication dates are separately published.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- No separate award date was published.
- Lot 1 has no published title, description or individual lot value.
- Information on bid numbers, evaluation, award rationale, pricing breakdown, extension options and renewal options was not supplied in the published notice.
MARKET THEMES
Relevant award themes
British Business BankKORN FERRY (UK) LIMITEDKorn FerryCEO recruitmentrecruitment servicesexecutive searchpublic procurement
COMMON QUESTIONS
About this award
Who won the British Business Bank CEO recruitment contract?
KORN FERRY (UK) LIMITED, verified against company number 00763575.
What is the value of the contract?
£130,000 excluding VAT, or £156,000 including VAT.
When does the contract run?
It runs from 7 October 2026 to 4 April 2028.
How was the contract awarded?
The notice records a selective, below-threshold award under a framework and marks the procurement as not competitive.
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.