EQUIHEAR OÜ: Snooze Story
EQUIHEAR OÜ, from Harju County, was registered 6 years ago, whilst already in the EU. The newborn venture did not utter a sound and is still fast asleep to this day, lying dormant in the portfolio of Vilho Ilmari Pyykkö.
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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 5 389 snoozers in the sector, making up 27.9% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Muud mujal liigitamata äritegevust abistavad tegevused", 2 466 companies have been set up only to collect dust on a shelf (42.6% of the field).
If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, EQUIHEAR OÜ is nice and mellowed.
The company was set up by Vilho Ilmari Pyykkö and a seat on the board was taken up by mees Ott Männiste, in his/her midlife at 40 years old (b. 05.05.1979). Ott Männiste was no rookie to the business world and could have put his/her 7 years of management experience gained at 408 to use here. Before taking the wheel at EQUIHEAR OÜ, he/she had headed GZK COMPANY OÜ. But he/she could not or would not force the company to get cracking and is no longer at the helm of the company. EQUIHEAR OÜ has seen 4 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 Ott Männiste is a brilliant executive with 87 companies to run, all nice and proper, not in debt or anything! With Ott Männiste in charge, turnover reached 535 320 euros and companies produced a profit of 275 489 euros (in 2018).
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