FINKOM HOLDING TÜH: Snooze Story
FINKOM HOLDING TÜH, from Harju County, was registered 23 years ago, in the dog-eat-dog world of the nineties. The newborn venture did not utter a sound and is still fast asleep to this day, lying dormant in the portfolio of riiulis.
There are in all 79 559 such "Sleeping Beauties" in Estonia today (altogether 28.1% of all registered companies). There are 3 220 snoozers in the sector, making up 21.2% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Jalatsitootmine", 7 companies have been set up only to collect dust on a shelf (17.9% of the field).
If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, FINKOM HOLDING TÜH is old and grey.
The company was set up by Hillar Talts and a seat on the board was taken up by mees Aleksandr Arsentjev, in full maturity at 60 years old (b. 27.03.1959). The fresh board member had no previous experience to show. He/she could not or would not make the company rise and shine and has by now left the company. FINKOM HOLDING TÜH has seen 2 Prince(ss) Board Members come to the rescue, but their kiss has not been enough to break the spell, because the Sleeping Beauty has not stirred.
Board member Aleksandr Arsentjev is a brilliant executive with 2 companies to run, all nice and proper, not in debt or anything! With Aleksandr Arsentjev in charge, turnover reached 98 741 euros and companies produced a profit of -13 220 euros (in 2018).