Business Failure Indicator

BEIS's aim is to ensure that the economy grows strongly in all parts of the country, based on a robust industrial strategy and that the UK has secure energy supplies that are reliable, affordable and clean. It will encourage investment and innovation that fully utilises the UK science base, and enable a whole economy approach to deliver our climate change ambitions.

The Disruptive Businesses Directorate covers a number of policy areas, one of which is focussed on promoting a consistent approach to handling economic shocks and opportunities including responsibility for government's principles of intervention. The Disruptive Businesses Analysis team require a robust measure of individual businesses' likelihood of failure and the likelihood of defaulting on paying creditors.

This will be used to prioritise Government engagement with businesses, and to proactively assess the local impact of individual business becoming insolvent. The aim of the exercise is to provide analysts with a regular product which would highlight businesses at risk of insolvency, and information on the accuracy and reliability of the products.

Any advanced notice of an upcoming economic shock is vital so a product should either give real time notifications or be produced at a sufficiently high frequency for the information to give advanced warning. The objectives of this tender exercise are to: • To enable Disruptive Businesses Directorate to identify businesses which have a high risk of failure or which have a significant increase in risk of failure. • To identify these businesses at an earlier stage than is possible through media monitoring, and to a high degree of accuracy. • Where possible identify the site of named business, rather than the location of the Headquarters. • To enable Disruptive Businesses Directorate to match data on at-risk businesses with sector and place indicators Additional information: As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS will be using the CCS eSourcing Suite for this procurement.

To register on the CCS eSourcing portal please follow the details contained within the Additional Information section of this notice. How to Register on the CCS eSourcing Suite Full details of this opportunity can be found on the e-sourcing portal please follow instructions below.

If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so.

Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing expressionofinterest@crowncommercial.gov.uk.

Your email must clearly state: • the name and reference for the procurement you wish to register for; • the name of the registered Bidder; • the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite.

The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder.

As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk: Telephone: 0345 010 3503