Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
National Highways Limited
Three Snowhill, Snow Hill Queensway
Birmingham
B4 6GA
UK
Telephone: +44 03001235000
E-mail: ancillaryprocurement@lowerthamescrossing.co.uk
NUTS: UK
Internet address(es)
Main address: https://nationalhighways.co.uk/
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Lower Thames Crossing (LTC) - Statutory Auditor
II.1.2) Main CPV code
79212300
II.1.3) Type of contract
Services
II.1.4) Short 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.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
291 181.80
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
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.
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2026/S 000-063563
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
26/06/2026
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Menzies LLP
London
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 291 181.80
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
High Court of Justice
London
UK
VI.5) Date of dispatch of this notice
10/07/2026