Electrical Goods Retail in Nittedal: Current Status and Future Outlook

Electrical goods retail in Nittedal is a very small and dynamic industry with only one registered company in the municipality. The only company activity is U.m Bedrift Nadeem, established in 2024 and operating from Hagan. The industry has been marked by dramatic declines in both sales and number of employees over time, with a sales decline of over 70% from 2016 to 2017. This shows a highly unstable industry structure, where some companies have failed while others have managed to survive. For entrepreneurs and local decision-makers, it is important to understand both the challenges and opportunities in this industry, especially in relation to the broader agricultural sector in the municipality.

Sales and employees in the industry

Electrical goods retail in Nittedal has been marked by a significant decline in sales and number of employees over the past few years. The most central figures are:

The most dramatic sales decline occurred between 2016 and 2017, with a reduction of 71.2%. Correspondingly, the number of employees declined by 47.3% in the same year. The most recent data from 2023 shows a further decline of 52.0% in sales compared to 2022. This shows a highly unstable industry structure, where some companies have failed while others have managed to survive.

Registered companies in the industry

There is only one company in the electrical goods retail industry registered in Nittedal, namely U.m Bedrift Nadeem. The company was established on 6 February 2024 and operates from Seljeveien 9D, Hagan. It is registered as an ENK (sole proprietorship) and has the following key data:

• Org.nr.: 933.0M
• Number of employees: 0
• Bankrupt: Not bankrupt
• Postal code: 1.5K
• Sales: 0 NOK
• EBITDA: 0 NOK
• Equity: 0 NOK
• Total debt: 0 NOK

The company has not reported any revenues or operating results, which may indicate that it is in an early stage of operations or has been affected by challenges during establishment.

Geographic distribution of activity

Activity in the electrical goods retail industry in Nittedal is concentrated in Hagan, where U.m Bedrift Nadeem operates from Seljeveien 9D. There is no data on the distribution of activity in other districts or cities in the municipality. This shows a very limited geographic spread, which could be a challenge for the industry in the future. For entrepreneurs, it could be an opportunity to expand to other areas in the municipality, especially if there is a need for more variety in business activity.

Dynamics in the industry

The industry has been marked by a high degree of dynamics, with several companies going bankrupt or ceasing operations. In addition to U.m Bedrift Nadeem, which is not bankrupt, there is no data on other companies in the industry that have been registered in Nittedal. This shows that the industry has been marked by a high degree of company closures, which could be a challenge for entrepreneurs looking to establish themselves in the municipality. There is also no data on new companies established in the industry in recent years, which may indicate a very low level of business activity in the industry.

Outlook for entrepreneurs

For entrepreneurs considering establishing themselves in the electrical goods retail industry in Nittedal, it is important to be aware of the challenges the industry has been marked by. The dramatic decline in sales and number of employees over time shows that the industry has been marked by a highly unstable industry structure. This could be a challenge for new companies looking to establish themselves in the municipality. However, there may be opportunities in the industry, especially if there is a need for more variety in business activity. Entrepreneurs should also consider leveraging opportunities in the broader agricultural sector in the municipality, which has a more stable industry structure.

Comparison with agriculture

The broader agricultural sector in Nittedal has a more stable industry structure compared to the electrical goods retail industry. Agriculture has 16 companies in the municipality, while electrical goods retail has 1 company. Sales and number of employees in agriculture have been more stable over time, with a decline of 48.0% from 2016 to 2017, which is less dramatic than the 71.2% decline in electrical goods retail. This shows that agriculture has a more stable industry structure, which could be an advantage for entrepreneurs looking to establish themselves in the municipality.

Peer companies in agriculture

Below is a list of some of the key peer companies in agriculture in Nittedal, compared to the electrical goods retail industry:

These companies have a more stable industry structure compared to the electrical goods retail industry, which could be an advantage for entrepreneurs looking to establish themselves in the municipality.

Electrical goods retail in Nittedal is a very small and dynamic industry with only one registered company in the municipality. The only company activity is U.m Bedrift Nadeem, established in 2024 and operating from Hagan. The industry has been marked by dramatic declines in both sales and number of employees over time, with a decline of over 70% in sales from 2016 to 2017. This shows a highly unstable industry structure, where some companies have failed while others have managed to survive. For entrepreneurs and local decision-makers, it is important to understand both the challenges and opportunities in this industry, especially in relation to the broader agricultural sector in the municipality. SmartGrunder can help entrepreneurs find suitable addresses in Nittedal for this industry, where there is natural development.