Finances

Financial projections, economic indicators, real estate, grants, procurements and asset values of beneficiaries

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The year 2007 was record-breaking for this company, winning the largest procurement - "Lääne maakonna riigimaanteede hoole ja säilitusremont aastatel 2007-2015" - to date with the total value at 16 247 984 euros. But the company did not rest on its laurels, they kept putting in the effort and the turnover for 2015 eclipsed all earlier years.

Typically, one public contract makes up a staggering 1/2 of LÄÄNE TEED OÜ's turnover! That is a substantial proportion and the loss of income from public procurements would probably deliver a death blow to the company's turnover.

This makes it plain to see why the company is so active in tendering. – in all LÄÄNE TEED OÜ has bid in public procurements 130 times to secure winning contracts. Considering the bureaucracy involved in public procurements, it must take up considerable time at the expense of other money-making ventures.

The company is a solid business partner to the state that pays taxes to the State Treasury equal to or even exceeding the sum received in sales turnover from its public contracts. Like a top-of-the-class student, this company has never in its history failed on its tax and reporting obligations. Neither has it swindled its business partners.