| Ref | STD002 |
|---|---|
| Expression of Interest closing date | 20171117 |
Request for Quotation – Financial Business Plan, Expert Advice and Strategic Planning
Please click here to view full RFQ
Background
Acorn2Oak Innovation Solutions Ltd has strong ambition to accelerate its growth and for this reason is working with Sci-Tech Daresbury as a partner in the Liverpool City Region – New Markets 2 Programme which is part funded through the European Regional Development Fund (ERDF). This programme will part fund the work requested below and hence accelerate the impact arising for Acorn2Oak Innovation Solutions Ltd.
Acorn2Oak Innovation Solutions Ltd. is an SME focused on advancing the use of composites for lightweighting and CO2 emissions reduction by lowering production costs and increasing manufacturing throughput, in addition to developing an advanced Structural Health Monitoring system for predictive maintenance. With significant engineering experience and knowledge of the global composites industry Acorn2Oak’s innovations are meeting the demands of accelerating the adoption of Advanced Composites for medium- to high-volume applications. Targeting transportation and other sectors Acorn2Oak’s scope extends into advanced materials, sensor technology, and manufacturing processes in the automotive, aerospace, space, rail, and marine as well as other sectors.
Acorn2Oak has won funding from the Niche Vehicle Network for its CHASM Project and is beginning commercial discussions for the exploitation of its technologies. Discussions are also underway for further grant funding and investor readiness is required, to meet its aim a financial business plan is required encompassing an expert review of Acorn2Oak’s technical developments to optimise R&D Tax benefits and to ensure the necessary compliance and governance processes are in place. Acorn2Oak’s financial year end is 30th October and therefore this work will be based around financial input and strategic financial planning.
Why this work?
This work is necessary as the company had been dormant up to November 2016 and therefore having just reached the end of its first financial year of trading a secure financial strategy and business plan is needed to ensure sustainable growth moving forward.
Goal
The outcome from this work will be a strategic financial plan encompassing accounts management, optimised R&D Tax planning, financial governance and compliance.
Ambition
The strategic impact of the work will be securing maximum benefit for Acorn2Oak from forward financial planning, R&D Tax benefits and simplification of the necessary financial governance and compliance required for its growth ambitions.
Specification for Quotation
Development of a financial business plan to enable investor readiness.
Expert review of Acorn2Oak technical developments to maximise the benefits of R&D Tax credits applicable to activities to date and the future developments in the company.
An expert review of Acorn2Oak’s end of year accounts and preparation to ensure the necessary compliance and governance criteria are met. This will include a strategy for Acorn2Oak’s financial accounting methodology.
Deliverable Timescale
The work must be completed before the end of December 2017
Indicative Budget
We would expect quotes up to and no more than £4,000 and draw your attention to the acceptance criteria given below.
Evaluation Criteria
Quotations will be assessed and scored on the following criteria:
Quality/Technical Merit (50%) – Assessment of the technical and professional capability that the potential supplier has to demonstrate that it can deliver the requirement.
Delivery Timescale (20%) Can the supplier meet the timescales/deadline?
Cost/Value for Money (30%) Is the price good value for money?
Scoring Methodology
4 Excellent – Proposal meets and in some places exceeds the required standard.
3 Good – Proposal meets required standard.
2 Acceptable – Proposal meets the required standard in most respects, but is lacking or inconsistent in others.
1 Poor – Proposal falls short of expected standard.
0 Unacceptable – Completely or significantly fails to meet required standard or does not provide the relevant answer.
Proposal Format
Proposals should clearly demonstrate how they meet the requirement set out above.
Deadline and Submission
Proposals are required by 17th November 2017
Proposals must be forwarded by email to Dr Chris Berg at chris.berg@a2ois.com
Date Published: 8th November 2017
Response to questions arising from this RFQ: All questions that are raised in regard to this RFQ and the relevant answers supplied will be published to all companies that have submitted quotations.
Date of Notification: All applicants will be notified by e-mail whether they are successful or not by 20 th November 2017
