Huboo Technologies - Administration

Huboo Technologies, a Bristol-based e-commerce fulfilment technology company, was purchased out of administration by an investor consortium led by Baaj Capital and AB Capital.

The company entered administration on 23 December after facing “increased headwinds due to an evolving eCommerce market”.

Shortly after the appointment of Chris Pole and Ryan Grant of Interpath as joint administrators, a sale was concluded with Baaj Capital and AB Capital, reportedly safeguarding over 600 jobs.

The company was assisted by Eversheds Sutherland.

Bibby Financial Services, Mic Capital Partners (Ventures) Europe Parallel (Luxembourg) Aggregator Scsp, Kreos Capital Vi (UK) Limited and Hsbc UK Bank PLC have registered charges against the company.