Why we built BundleIQ and what we believe about procurement in the UK.
UK SMEs overpay. Not because they are naive. Because they are alone.
A care home buying energy pays 34% more than a housing association buying the same energy. A hotel buying pest control pays 22% more than a hotel group. A farm buying agrochemicals pays 18% more than a farming co-operative. The difference is not negotiating skill. It is scale.
Enterprise businesses have always had access to procurement professionals, frameworks, and collective buying power. The tools exist. The intelligence exists. The contracts exist. They are just not available to businesses that employ fewer than 250 people.
We built BundleIQ to change that.
The platform aggregates demand across thousands of UK businesses. When enough businesses join a buying pool, we trigger an automated tender - inviting only IQ Trust verified vendors to bid competitively. The winning price is distributed to every member of the pool. No negotiation required. No procurement department required. No expertise required.
We verify every vendor across seven independent government data sources before they can set foot on the platform. Companies House. OFSI sanctions. The Insolvency Service. Gas Safe. The FSA. TrustMark. The Charity Commission. Not because buyers will check. Because trust should not be optional.
We do not advertise. We do not take a margin from vendors. We do not use data to push products. Buyers pay nothing. Vendors pay a subscription that covers the cost of the intelligence, the verification, and the platform - nothing more.
The result is a platform where a care home gets the same energy rate as a care group. Where a single pub gets the same pest control price as a pub chain. Where a sole trader gets the same insurance as a company with fifty employees.
The complexity is in the engine, not the cockpit. That is the only promise we make.