Introduction
Hub Realisations Limited Company number 09727464 received £118 million from investors before administration took the company. The investors who backed Huboo Tech Limited during its previous administration will they now support the new venture?
Why Investors Might Hesitate
Huboo Was a Financial Disaster
Massive annual losses:
2022: £47.1 million loss
2021: £13.3 million loss
2020: £3.5 million loss
The investors received no financial returns from their investments.
Broken Promises of Profitability
The company maintained it would achieve profitability but it never reached that goal.
Investors need reasons to trust that this time will be different.
Lack of Transparency
The investors did not receive complete understanding of the company’s issues.
The operations of Huboo Tech Limited remain hidden from public view because the company provides minimal information.
Why Some Might Take the Risk
The company’s new ownership structure brings potential changes in leadership together with improved financial management practices.
The market position of competitors allows Huboo Tech Limited to capture new market opportunities.
Conclusion
The investors will probably avoid additional funding for a business that has already experienced failure. The lack of substantial changes makes it difficult for anyone to trust Huboo Tech Limited with funding.
