Department for Education - Lot 4.1 Corporate Finance and Financial Strategy - multi-academy trust closure

A dedicated project team in the Department for Education is supporting this rebrokerage and closure project. The Department is seeking to secure external financial and insolvency expertise to provide additional capacity to the Trust for the rebrokering of all of its academies and the closure of the Trust and to support the Department to facilitate this. This support is required to start with immediate effect. The project requires committed and significant resource to allow a smooth closure of the Trust.

The Department invites bids for professional resource from the ConsultancyOne Framework RM1502 Lot 4.1 Corporate Finance and Financial Strategy. It is essential that the resource has accounting and insolvency practitioner experience and an understanding of education funding in order to provide financial oversight and expertise on a high profile project. The project will focus on providing hands on practical support as well as specialist advice to the Department, together with supporting the Trust.

The project should deliver:

i. Financial information to support the closure process, including the re brokering of the trust's 21 academies and the wind up of the trust

ii. Highlight of areas of potential short-term risk and provide advice regarding mitigations

iii. Robust advice and recommendations to the Department, including advice on insolvency

iv. Regular reporting to the Department

The right supplier will be able to quickly develop an understanding of the Department's requirements and the needs of the academy trust.