Lower Thames Crossing (LTC) - Statutory Auditor
About This Opportunity
This is a services contract in the general supplies sector, with a focus on Public Relations. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums.
Published through UK FTS - Find a Tender Service, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the general supplies sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
National Highways is intending to appoint a Statutory Auditor able to provide
an audit opinion that Reg Co.’s Carve Out accounts are reliable, legally compliant,
and present a true and fair view, in accordance with the Companies Act 2006 and
Financial Reporting Council (FRC) auditing standards.
In the Chancellor’s November 2025 Autumn Budget, the Regulated Asset Base
(RAB) model was announced as the Government’s preferred financing method for
the Lower Thames Crossing (LTC) project which will involve the creation of a
regulated road company (Reg Co.) that will be sold to private investors prior to a
finance raise (debt) for the main construction works. Reg Co. will receive revenues
from both the existing Dartford Crossing and new LTC Crossing which it will use to
service its financing and repay lenders and investors.
National Highways and DfT have appointed advisors to support and execute the sale
process. In preparation for the sale and the preceding Vendor Due Diligence (VDD)
National Highways will prepare Carve Out accounts for the financial years 2024
2025, 2025-2026 and 2026-2027 for Reg Co. and these will need to be audited.
Data provenance
This notice is sourced from UK FTS - Find a Tender Service and was originally published on July 10, 2026. Last refreshed 46 days ago. Reference: 065281-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About National Highways Limited
National Highways Limited has issued 816 procurement notices on BidsFactory, including 14 currently open and 751 awarded contracts. Activity concentrates in Construction & Civil Works, Transport & Logistics, and Information & Communication Technology. All notices are published for United Kingdom. Notices are distributed via UK Contracts Finder and UK FTS - Find a Tender Service. Most recent publication: September 7, 2026.
Frequently asked questions about this tender
Is this tender still open?
No — the contract has already been awarded to Menzies LLP. The award notice is archived on BidsFactory for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by National Highways Limited in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Services contract in the General Supplies & Services sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
Menzies LLP was awarded the contract for £291,182. The figure reflects the value disclosed by the contracting authority in the award notice.
Where will the contract be performed?
The contract is for delivery in United Kingdom. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit UK FTS - Find a Tender Service to access the full notice, required documents, and submission instructions. Quote reference 065281-2026 when communicating with the contracting authority.
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