LONDON — A number of British aid contractors are struggling to stay afloat after two collapsed so far this year, leading to questions about what lies behind their demise.
Veteran Department for International Development contractor Maxwell Stamp was the first casualty, going into administration — a U.K. insolvency process — in early February. Aktis Strategy, which managed a number of development projects for the Foreign & Commonwealth Office, followed suit in early March.
Other suppliers are said to be feeling the pinch and have lost staff in recent months, including top names Adam Smith International and Crown Agents.