# Con\_28533 Insolvency & Restructuring Panel

> A sourced UK public sector contract award published by Department for Education.

## Key facts

- Buyer: [Department for Education](/buyers/department-for-education/contract-awards)
- Supplier: [ERNST & YOUNG LIMITED](/suppliers/ernst-young/public-sector-contract-awards)
- Award value: £1,457,143
- Tender value: £1,457,143
- Award date: 14 April 2025
- Published: 25 September 2025
- Contract start: 14 April 2025
- Contract end: 30 April 2028
- Stage: awarded
- Procurement category: services
- Notice ID: 62832c87-d748-41b1-a3bf-39c043ede771-865337
- OCID: ocds-b5fd17-2b2991d4-9557-4292-82b1-707b3c820c27

## Description

To support the implementation of the FE insolvency regime and its underlying legislation, TFEA, which received royal ascent in 2017, infrastructure is required to allow financially distressed colleges to be assessed and, if necessary, managed through restructuring / insolvency\. Accordingly, a professional services panel is required as part of this infrastructure\. The panel will also be available for other financially distressed providers which may require restructuring or managed through an insolvency process\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/62832c87-d748-41b1-a3bf-39c043ede771-865337)