WELDING NORDICS OÜ: Snooze Story
WELDING NORDICS OÜ, from Harju County, was registered 3 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 Kari Matti Sinkkonen.
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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 4 435 snoozers in the sector, making up 51.8% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse", 1 348 companies have been set up only to collect dust on a shelf (70.4% of the field).
If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, WELDING NORDICS OÜ is still wet behind the ears.
The company was set up by Ville Rikhard Ryynänen and a seat on the board was taken up by mees Ville Rikhard Ryynänen, in his/her midlife at 38 years old (b. 15.04.1981). Ville Rikhard Ryynänen was no rookie to the business world and could have put his/her 7 years of management experience gained at 88 to use here. Before taking the wheel at WELDING NORDICS OÜ, he/she had headed ESM HOUSING 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. WELDING NORDICS 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 Ville Rikhard Ryynänen is a brilliant executive with 14 companies to run, all nice and proper, not in debt or anything! With Ville Rikhard Ryynänen in charge, turnover reached 236 250 euros and companies produced a profit of 82 888 euros (in 2018).
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