Hub Realisations Limited Company number 09727464 (formerly Huboo Technologies Limited) started operations in 2019 yet it failed to achieve profitability throughout its existence. The company’s financial condition worsened year by year despite securing £118 million in equity funding. The former business entity under HUB REALISATIONS LIMITED (Company number 09727464) operates while a new entity called HUBOO TECH LIMITED (Company number 16143472) has emerged from its collapse. The numerous years of financial decline at this business make it questionable whether customers should place their trust in such an organization.
Yearly Losses: The Numbers Don’t Lie
The financial history of Huboo demonstrates continuous business deterioration through the following data:
Huboo lost £47,108,825 while generating £17,750,587 in revenue during 2022.
The company experienced £13,389,157 in losses together with £13,759,886 in turnover during 2021.
During 2020 the company reported £3,539,804 in losses with total revenue reaching £4,210,280.
Yearly financial losses exceeded the earnings at the company yet investors maintained their funding investments. The decision to let Huboo operate remains unclear.
Operational Failures
Huboo encountered operational difficulties in addition to its financial challenges. High staff costs combined with expensive warehouse leases together with operational inefficiencies caused significant problems for the company. The “mini-hub” concept at Huboo did not deliver sufficient cost savings needed to drive its expansion plans. The delivery delays along with damaged products received from customers made the financial condition of the company even worse.
Mounting Debt and the Breaking Point
The financial condition of Huboo reached an unmanageable state during the latter part of 2024. The company lacked the funds to pay December salaries which totaled £1.2 million. The company entered administration on December 23, 2024 when all emergency funding attempts proved unsuccessful. The asset sale resulted in a total of £9 being obtained.
The ‘New’ Huboo: A Fresh Start or the Same Disaster?
The sale resulted in Brislington Tradeco Limited establishing Huboo Tech Limited as a new business entity. The business remains identical in essence to its original form. Does this company possess sufficient financial stability to earn trust from customers and suppliers considering its unchanged fundamental model?
Conclusion
The financial records of Huboo demonstrate that the business never operated within a sustainable financial framework. The brand transformation fails to alter the fact that Huboo Tech Limited emerges from a prolonged period of financial instability. Customers should consider whether they want to risk their business with a company that has demonstrated consistent failure in its past.
