LALAPALOOZA OÜ: Snooze Story
LALAPALOOZA OÜ, from Harju County, was registered 14 years ago, during he boom years. The newborn venture did not utter a sound and is still fast asleep to this day, lying dormant in the portfolio of Toshio Kawabe.
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There are in all 79 559 such "Sleeping Beauties" in Estonia today (altogether 28.1% of all registered companies). There are 15 072 snoozers in the sector, making up 32.5% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Enda kinnisvara ost ja müük", 918 companies have been set up only to collect dust on a shelf (34.6% of the field).
If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, LALAPALOOZA OÜ is old and grey.
The company was set up by Toshio Kawabe and a seat on the board was taken up by mees Toshio Kawabe, in his/her golden years at 72 years old (b. 27.08.1947). Toshio Kawabe had already dipped a toe into the pool of business possibilities and could have put his/her 3 years of management experience gained at 9 to use here. Before taking the wheel at LALAPALOOZA OÜ, he/she had headed CAPITAL PROTECTION GROUP BALTICS OÜ. But he/she could not or would not force the company to get cracking and has shifted the focus elsewhere. LALAPALOOZA OÜ has seen 3 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 Toshio Kawabe is a manager with 18 companies to run, but the results have been sad. With Toshio Kawabe in the lead, turnover reached 0 euros and companies produced a profit of 0 euros (in 2018).
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