When a company enters administration, the financial burden doesn’t just disappear—it shifts. Huboo Technologies Limited (now Hub Realisations Limited Company number 09727464) collapsed with tens of millions in losses, leaving a trail of unpaid creditors, stranded customers, and investors with empty pockets. But who truly suffered the most from its failure?
Who Lost Out the Most?
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Investors Who Funded a Sinking Ship
- £118 million in equity investments vanished.
- Major backers saw little to no return.
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Unpaid Creditors
- Suppliers and service providers were left with outstanding invoices.
- Many businesses were forced to absorb unexpected losses.
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Customers Facing Business Disruptions
- eCommerce businesses relying on Huboo were left scrambling for alternatives.
- Delayed shipments and lost inventory damaged reputations.
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Taxpayers Covering Employment Liabilities
- Employee redundancies meant government assistance was required.
- HMRC was owed £2.1 million—money unlikely to be fully recovered.
Who Benefited from the Collapse?
- New Owners Purchased the Business for Just £9
- Administrators and Lawyers Took Their Fees Before Creditors Got Paid
- Certain Assets Were Excluded from the Sale to Protect Their Value
Conclusion
The administration process didn’t just wipe away Huboo’s debts—it transferred the cost to innocent parties. As Huboo Tech Limited rises from the ashes, the question remains: will history repeat itself?
