Where Did the Money Go?
The company received multiple investment rounds yet it failed to achieve profitability. Financial records show: 2022: Losses of £47,108,825 2021: Losses of £13,389,157 2020: Losses of £3,539,804 The company experienced exponential growth in its losses while its revenue numbers kept rising. The company lost substantial amounts of money instead of reaching profitability. The investors maintained their support for Huboo even though warning indicators were evident.No Returns for Shareholders
The organisation(s) assets of Huboo were sold for £9 because no solvent buyer emerged. Investors will receive nothing. The financial support of MIC Capital Partners and Kreos Capital alongside other investors has been completely eliminated. The unsecured creditors will not receive any payment.The New Company: Huboo Tech Limited
Brislington Tradeco Limited established a new organisation(s) entity called Huboo Tech Limited. The new company maintains the same operational structure that caused Huboo to fail. The lack of financial strategy changes makes it difficult for investors and customers to trust this new organisation(s) entity.Conclusion
The collapse of Huboo should serve as a stark warning. Why did investors keep backing a failing company? What evidence did the leadership present to support ongoing financial losses? The organisation(s) model remains unchanged under the new company name so will the same pattern of failure occur again? Customers need to exercise caution before placing their trust in Huboo Tech Limited.For ongoing improvement, focus on warehouse operations, parcel delivery, inventory management, and third‑party logistics to achieve consistent results.
