Prince Carl Philip's company, Bernadotte & Kylberg Retail AB, has been fined 5,000 SEK for failing to submit its annual report on time, despite state reminders. The company, co-founded with Oscar Kylberg, faces further penalties if the report isn't submitted by October 9. Meanwhile, their sister company reported a significant profit increase.
Prince Carl Philip Fined for Late Financial Report Submission
Prince Carl Philip Fined for Late Financial Report Submission
Prince Carl Philip faces a penalty. One of his companies failed to submit its annual report on time, despite reminders from the state.
One of Prince Carl Philip's companies has been fined 5,000 SEK for not submitting its annual report on time.
In mid-June, Bernadotte & Kylberg Retail AB received a reminder from the Swedish Companies Registration Office to submit the 2024 annual report, with a warning of a late fee.
When the report was not submitted by the end of July, it was decided that the company would pay a late fee, with a threat of further penalties if the report was not submitted by October 9.
Million Profit in Sister Company
Bernadotte & Kylberg Retail AB was founded in the summer of 2023 by Prince Carl Philip and colleague Oscar Kylberg, who already run the design company Bernadotte & Kylberg AB together.
The latter reported a profit of 3.1 million SEK last year, as previously reported by Expressen.
Bernadotte & Kylberg AB increased its turnover by 440 percent in 2024, after reporting losses of 2.4 million SEK in 2023.
Both Bernadotte & Kylberg AB and its sister company Bernadotte & Kylberg Retail AB are engaged in the design of clothing, ceramic and glass products, household and decorative items, graphic design, photography, and related activities.
Expressen is seeking comments from Bernadotte & Kylberg.