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OKKELOWE OÜ

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OKKELOWE OÜ: Snooze Story

OKKELOWE 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 Alexander Urmas Vest.

There are in all 79 559 such "Sleeping Beauties" in Estonia today (altogether 28.1% of all registered companies). There are 12 366 snoozers in the sector, making up 28.3% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Spetsialiseerimata hulgikaubandus", 2 077 companies have been set up only to collect dust on a shelf (46.6% of the field).

If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, OKKELOWE OÜ is nice and mellowed.

The company was set up by Virpi Elina Romu and a seat on the board was taken up by mees Paap Suurmaa, in his/her golden years at 73 years old (b. 22.09.1946). Paap Suurmaa was a bigshot in business with few equals in Estonia experience-wise and could have put his/her 17 years of management experience gained at 6480 to use here. Before taking the wheel at OKKELOWE OÜ, he/she had headed MOVERUM 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. OKKELOWE OÜ has seen 5 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 Paap Suurmaa is a brilliant executive with 42 companies to run, all nice and proper, not in debt or anything! With Paap Suurmaa in charge, turnover reached 233 497 euros and companies produced a profit of 6 126 euros (in 2018).

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