Cab hailing company needs a cash injection in the next three months to continue as a going concern,according to auditor’s report on latest accountsCab-hailing app Hailo only has enough cash to function as a going concern for another three months, according to an auditor’s report released with the company’s 2014 accounts on Sunday.
Over the course of that year, or Hailo Network Holdings,Hailo’s parent company, made a loss of £21.8m. The majority of that loss, or £11.8m,comes from the company’s now-discontinued North American business. Until October 2014, Hailo subsidiaries in Canada and the US offered its taxi-hailing service in cities including Toronto and recent York.
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Source: theguardian.com