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Record profits for firm involved in bungled £250m PPE deal

Exclusive: Ayanda Capital’s earnings rise by 2,600% after winning huge COVID contract – but masks were rejected by NHS

Record profits for firm involved in bungled £250m PPE deal
Ayanda Capital made profits of more than £17m last year. | Dmitry Epov / Alamy Stock Photo
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A company that bungled a £250m contract for protective equipment from the government has seen its profits increase by more than 2,600%.

Ayanda Capital won the deal last year, after it was brokered by the company’s senior adviser, Andrew Mills, who was also an adviser for the government’s Board of Trade, chaired by Liz Truss, at the time.

The government later admitted that 50 million masks supplied by the company could not be used by the NHS, because they had the wrong type of straps. Ayanda blamed government officials for the mistake, claiming it supplied masks to the specification agreed.