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Business Summary: BluGo SA w likwidacji, is a Poland-based company engaged primarily in the financial sector. The Company is operating in the field of debt collecting services. The Company specializes in acquiring debt packages. The Firm collects debt packages from various third parties, which then are proceeded by the Company. The Company purchases consumer debts from telecommunications, insurance, cable television and Internet providers, utility providers, and financial institutions, among others. The Company is also engaged in the automotive charging stations sector. The Company is developing a network of charging stations for electric automotive vehicles. The Company is planning to build approximately 2500 charging stations by 2026.
Financial Summary: BRIEF: For the nine months ended 30 September 2022, Blugo SA W Likwidacji revenues decreased from PLN5.7M to PLN0K. Net loss increased from PLN271K to PLN2.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Legal Provisions & Litigation Expenses increase from PLN84K to PLN1.5M (expense).