Already 23,372 people have seen this company's branding and they are being followed by 15 Storybook user.In average the company has been rated 4.0 points ja kommenteeritud 18 korda.

's activity report 2022

In the fiscal year of 2022, the company reported a turnover of 29,600 euros, marking a significant decrease of over 28.7% compared to the previous year, 2021. This downturn in the company's financial performance can be attributed to a variety of factors, which we will delve into in this comprehensive analysis. The company's revenue was primarily derived from two main sources: retail sales of goods, which accounted for 21,700 euros, and motor vehicle maintenance and repair services, which contributed 7,900 euros to the total turnover. When compared to the figures from 2021, the revenue from the sale of goods remained relatively stable. However, there was a notable decline in the income generated from motor vehicle repair and maintenance services. This significant decrease in revenue from motor vehicle repair and maintenance services can be traced back to the prevailing circumstances in the country over the past few years. The COVID-19 pandemic, coupled with a shortage of skilled labor, has had a profound impact on this segment of the company's operations. The market continues to be highly competitive, with large corporations having a distinct advantage over small businesses. Large automotive companies and dealerships have established their own after-sales services and repair workshops, which have been successful in attracting customers. Despite these challenging market conditions, the company has managed to maintain stable operations. Throughout 2022, just as in previous years, the company continually analyzed consumer preferences and took them into account in the delivery of goods and provision of services. The majority of the goods were purchased from Estonian suppliers, with a small portion being imported from Lithuania. In response to consumer expectations for a wide variety of products from a single source, the company has increased the range of new product categories for sale in recent years. Today's goods are rapidly evolving, becoming better, more efficient, and more innovative, and consumers are quick to adapt to these changes. The largest proportion of the company's expenses were the cost of goods sold, operating expenses, and labor costs. Among the operating expenses, administrative costs, including rent and electricity, constituted the largest share. The increase in these costs reflects the rise in energy prices due to the current global situation. The company's board consists of a single member, and no separate remuneration was paid to the board member. This structure and remuneration policy may have implications for the company's governance and decision-making processes, which we will explore in future analyses.