Amount paid by the MPS for Rivus when it went into administration

Freedom of information request reference no: 01.FOI.25.044099

I note you seek access to the following information:

How much did the Metropolitan Police pay for Rivus when it went into administration.

What checks were carried out to ensure that the delivery of service could be provided when in July 2023 they lost 70% of there revenue.

Why did the Metropolitan Police assign to Volvo to deliver there cars?
And how much is the contract worth with Volvo.

Decision

I have today decided to disclose the located information to you in full. Please find below information pursuant to your request above.

Q1 - How much did the Metropolitan Police pay for Rivus when it went in to administration

The MPS paid the sum of £114,322 + VAT for when Rivus went into administration.

Q2 - What checks were carried out to ensure that the delivery of service could be provided when in July 23 they lost 70% of there revenue.

The MPS carried out financial diligence with Rivus which included the use of third-party sources, such as Duns & Bradstreet and through dialogue with Rivus

Q3 - Why did the metropolitan police assign to Volvo to deliver there cars.

The MPS follows public procurement regulations with regards to vehicle purchasing, which includes tendering operational and technical requirement via the Crown Commercial Vehicle purchasing framework. Within this process we ensure that we achieve an outcome which will meet all operational requirements and achieve best value for the taxpayer.

And how much is the contract worth with Volvo.

£8,707,681