The leadership of Huboo searched for financial assistance during the last months of 2024. The company worked with 34 financial and trade organizations to locate either a buyer or an investor. The company operated with supposedly valuable assets but no investor or buyer showed interest in its rescue. Why?
Why Did Investors and Buyers Walk Away?
Consistent Financial Losses
The company reported a £47.1 million loss from £17.7 million revenue during 2022.
The company generated £13.7 million in revenue but suffered £13.3 million in losses during 2021.
The company reported a £3.5 million loss from £4.2 million revenue during 2020.
Poor Cash Flow and Liquidity Problems
The company lacked sufficient funds to pay its December 2024 payroll expenses.
The company required £6 million in emergency funding yet failed to secure any investors.
Creditor and Legal Risks
The company had substantial outstanding debts with both secured lenders and HMRC.
The chances of successful restructuring remained extremely low.
A Business Model That Wasn’t Profitable
Huboo operated for multiple years without generating any positive EBITDA.
The business depended on permanent investor financial support to survive.
What Does This Say About Huboo Tech Limited?
The new company operates in the same industry while maintaining the same brand identity.
Will the company succeed in breaking its pattern of losses or will it become another brief operation?
Conclusion
Huboo Technologies Limited (now Hub Realisations Limited Company number 09727464) remained unsaved because it lacked value. The company’s financial performance created unappealing investment opportunities. The takeover of Huboo Tech Limited brings no new prospects or it simply reuses failed strategies from the past.
