Hailo late in filing accounts at Companies House
Black cab app developer is producing first set of audited accounts
HAILO, the black cab app developer, is late in filing its accounts for the year ended 31 December 2012.
According to Companies House, its latest accounts were due to be filed on 30 September with the filing repository fining companies £375 for overdue financials.
The delay is due it being the first time that Hailo has had its annual accounts vetted by an external auditor and taking time to “make sure the systems were set up correctly”, Accountancy Age was told by a spokesman for the business.
Founded by three taxi drivers and three entrepreneurs in December 2010, Hailo has raised over $50m (£31m) from investors including Union Square Ventures, one of the first institutional investors in Twitter, and has expanded into 15 cities worldwide.
An interview with Hailo finance director Nick Lally will appear in Accountancy Age sister title Financial Director next week.