By early 2014 the company had been experiencing financial issues, so ECP assumed control of the company and appointed Briton Andrew Ross to help turn around the company in November of that year; ECP brought on Briton Steven Haswell in April the following year. Gunter and Young stated that "By the middle of 2016, Spencon was on its knees." In November 2016 the company collapsed, with Gunter and Young stated that it resulted in "hundreds of Kenyans out of work, some already missing months of pay." An additional 110 Kenyans were laid off by January 2017.
