The administration of Huboo Technologies Limited (now Hub Realisations Limited Company number 09727464) created problems for investors and customers while putting more than 600 employees in an uncertain situation. What became of the employees after the business collapse?
Were Jobs Lost?
The majority of employees received TUPE (Transfer of Undertakings Protection of Employment) protection when they moved to the new company.
The long-term employment stability of these workers remains unclear.
What Employees Experienced During the Collapse?
Missed Payroll Payments
The company failed to pay its December 2024 payroll amount of £1.2 million before entering administration.
Staff members received no payment at the start of Christmas season.
Uncertainty About the Future
The employees received no information about the financial difficulties that the company faced.
The employees learned about the administration news at the same time as the general public.
Fear of Another Collapse
The direct continuation of Huboo Tech Limited from the failed business makes employees worry about another collapse in the future.
Will the new company maintain protection for its workforce?
The new company provides employees with enhanced job security measures.
The employees face another situation of unpaid wages if the company experiences difficulties.
Conclusion
The employees of Huboo found themselves in the middle of a sudden business collapse. The employees continue working under the same brand name but they remain uncertain about receiving better protection this time around.
