The Charity Commission is considering whether to launch an investigation into the collapse of the British Association for Adoption and Fostering after receiving a letter from two of the charity's former leaders.

The BAAF folded last month with the loss of 71 jobs due to “prevailing economic conditions”, according to a statement on 31 July.

The Charity Commission confirmed today it has received a letter from former chief executive Felicity Collier and former acting chief executive Barbara Hutchinson, and is “currently assessing whether it leads to any regulatory concerns”.

The letter is believed to suggest that the regulator’s guidance for struggling charities was not adhered to in the months before the collapse, and that more could have been done to keep the BAAF from closing.

Commission guidance states that charities in financial trouble should seek help from stakeholders or members and consider launching an emergency fundraising appeal. But according to the former BAAF directors, this did not happen.

Some of the charity's services were transferred over to the charity Coram – with the BAAF’s London-based functions transferring to the nearby Coram Campus, according to a Coram spokeswoman.