Hub Realisations Limited Company number 09727464 operated as Huboo Technologies Limited until its sudden collapse in December 2024. The company maintained financial losses for multiple years without providing any warning to its customers about its deteriorating situation. Should businesses need to inform their customers and partners about their potential failure through legal requirements?
Why Customers and Suppliers Deserved a Warning
Businesses Could Have Made Alternative Plans
Many customers received no warning when their fulfilment services stopped operating.
A warning would have enabled them to relocate their stock before the company entered administration.
Suppliers Could Have Protected Themselves
The company maintained millions of outstanding debt to suppliers yet made new purchase orders.
Suppliers who received advance notice could have stopped extending credit to the company.
Transparency Builds Trust
Huboo’s secrecy has damaged its brand beyond repair.
The brand of Huboo Tech Limited now faces a severe trust problem when attracting new clients.
Should Companies Be Legally Required to Disclose Financial Troubles?
Should businesses need to notify their clients about potential company collapse risks?
Should large fulfilment providers be regulated more strictly?
Conclusion
The lack of warning to customers and suppliers resulted in extensive financial losses throughout the industry. The path to trust restoration for Huboo Tech Limited requires complete transparency about its current operations.
