UP NORTH PROPERTY AS • 926782282 • Oslo • Real estate activities

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Goods and trade

UP NORTH PROPERTY AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

CEO: SA
Svein Arild Steen-Mevold1967
Chairman of the board: RA
Roger Adolfsen1964
Years since formation: 3 years; since Mar 12, 2021
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 1,000,000; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Annual total result 2023: -2,965,658; NOK
Total equity 2023: 10,655,968; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
SA Svein Arild Steen-Mevold 1967	Managing Director/CEO	9.9 % indirectly

Board

Name	Role	Shares
RA Roger Adolfsen 1964	Chairman	17.7 % indirectly
KA Kristian Arne Adolfsen 1961	Board Member	17.7 % indirectly
SA Svein Arild Steen-Mevold 1967	Board Member	9.9 % indirectly

Others

Name	Role	Shares
B BDO AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
KA Kristian Arne Adolfsen 1961	Board Member	17.7 % indirectly
RA Roger Adolfsen 1964	Chairman	17.7 % indirectly
SA Svein Arild Steen-Mevold 1967	Managing Director/CEO, Board Member	9.9 % indirectly
SE Stig Eidissen 1983	-	1.54 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
P PIONEER HOTEL PROPERTIES AS	Ordinary shares	901,000	90.1 %
S STEEN MEVOLD INVEST AS	Ordinary shares	99,000	9.9 %

Shares owned by the UP NORTH PROPERTY AS

Name	Share class	Number of shares	Share
F FORUM HOLDCO AS	Ordinary shares	30,000	100 %
P PARK HOTEL HOLDCO AS	Ordinary shares	15,000	50 %
F FORUS HOLDCO AS	Ordinary shares	100,000	50 %

Last update: May 24, 2024

Group structure

PIONEER PROPERTY GROUP ASA
Total operating income 2023: NOK 12,092,860
Operating profit 2023: NOK -3,719,013
Employees: 5

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	0	0
Annual Total Result	-2,965,658	-1,362,886	-78,242
Total assets	213,353,474	102,794,317	88,384,453
Total liabilities	202,697,506	95,778,726	87,384,452
Total equity	10,655,968	7,015,591	1,000,000

P&L

Year	2023	2022	2021
Total operating income	0	0	0
Total operating costs	376,612	842,070	111,524
Operating result	-376,612	-842,070	-111,524
Financial income/costs	-3,355,388	-715,009	9,642
Profit before tax	-3,731,999	-1,557,079	-101,882
Total tax & extraordinary income/cost	-766,341	-194,193	-23,640
Annual Total Result	-2,965,658	-1,362,886	-78,242

Balance overview

Year	2023	2022	2021
Total fixed assets	204,559,888	92,772,046	78,965,409
Total current assets	8,793,587	10,022,271	9,419,044
Total assets	213,353,474	102,794,317	88,384,453
Short term debt	16,228,548	7,754,358	8,877,982
Long term debt	186,468,958	88,024,368	78,506,470
Total liabilities	202,697,506	95,778,726	87,384,452
Contributed capital	7,606,035	994,430	994,430
Retained earnings	3,049,933	6,021,161	5,570
Total equity	10,655,968	7,015,591	1,000,000
Total equity and liabilities	213,353,474	102,794,317	88,384,453

Classification

Category

Goods and trade

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

L

Main industrial area

Real estate activities

68

Activity

Real estate activities

68.2

Main industrial group

Renting and operating of own or leased real estate

68.20

Industrial group

Renting and operating of own real estate

68.209

Industrial group

Other letting of real estate