Financial Analysis of the Bizkaia Commercial Registry

Report Date: August 13, 2024

This report aims to analyze the most relevant events recorded in the Bizkaia Commercial Registry, based on the data available up to the indicated date. Below, the main commercial acts and their financial implications for the companies in the region are broken down.

Appointment Acts

The total number of appointment acts recorded amounts to 92. This type of act is fundamental for the organizational structure of companies, as it involves the designation of new managerial and administrative positions. A notable example is Iberdrola España SA, which has recorded 3 appointments. With a share capital of 2,921,234,214.00 euros, this company is dedicated to the production, transportation, and commercialization of electric energy.

Company Incorporations

18 acts of company incorporation have been recorded. This indicator is positive as it reflects dynamism in the business fabric of Bizkaia. The creation of new companies contributes to economic growth and job creation in the region.

Termination Acts

The number of terminations recorded is 27. This type of act may reflect changes in the organizational structure of companies, whether due to retirements, resignations, or dismissals. Although not always a negative indicator, a high number of terminations can be a sign of instability in certain companies.

Revocations

14 acts of revocation have been recorded, which involve the annulment of previously granted powers or authorizations. This type of act may be related to strategic changes or internal restructurings.

Sole Proprietorships

Regarding acts of sole proprietorship, 5 have been recorded. This type of act refers to the declaration of a company as a sole proprietorship, meaning it has a single partner. An example of a sole proprietorship company is Gestamp Global Tooling SL, dedicated to the manufacture of die-cutting, tooling, and equipment machinery, with a share capital of 62,500,000.00 euros.

Address Changes

9 acts of address change have been recorded. This type of act may be motivated by the search for better strategic locations, cost optimization, or expansion of operations.

Statutory Modifications

No acts of statutory modifications have been recorded. This type of act involves changes in the social statutes of companies, which can affect anything from the corporate purpose to the capital structure.

Capital Increases

2 acts of capital increase have been recorded. This type of act is a positive indicator as it reflects the intention of companies to increase their financial capacity to undertake new projects or expand their operations.

Dissolutions

The number of dissolutions recorded is 8. This type of act involves the cessation of a company's activities and may be motivated by various reasons, such as financial problems, lack of business viability, or strategic decisions.

Re-elections

10 acts of re-election have been recorded, which involve the renewal of managerial positions. This type of act may reflect continuity in management and confidence in the current management team.

Bankruptcy Situations

1 act of bankruptcy situation has been recorded. This type of act is a negative indicator as it reflects serious financial problems that may lead to the company's insolvency.

Changes in Corporate Purpose

3 acts of change in corporate purpose have been recorded. This type of act involves a modification in the main activities of the company, which may be motivated by the search for new business opportunities.

Changes in Corporate Name

2 acts of change in corporate name have been recorded. This type of act may be related to rebranding or strategic changes in the company's corporate image.

Capital Reductions

2 acts of capital reduction have been recorded. This type of act may be motivated by the need to adjust the company's capital structure, either to return capital to shareholders or to restructure debt.

Corporate Purpose Extensions

No acts of corporate purpose extension have been recorded. This type of act allows companies to diversify their activities and explore new markets.

Changes to Sole Proprietorship

1 act of change to sole proprietorship has been recorded. This type of act implies that a company becomes a sole proprietorship, which may have implications for decision-making and management structure.

Loss of Sole Proprietorship

No acts of loss of sole proprietorship have been recorded. This type of act implies that a company ceases to be a sole proprietorship by incorporating new partners.

Extinctions

1 act of extinction has been recorded. This type of act involves the definitive dissolution of a company and the cessation of all its activities.

Mergers

No acts of merger have been recorded. This type of act involves the union of two or more companies into a single entity, which can have significant strategic and financial implications.

Corporate Transformations

No acts of corporate transformation have been recorded. This type of act involves a change in the legal form of the company, which can have implications for its management structure and legal obligations.

In conclusion, the Bizkaia Commercial Registry shows dynamic and varied business activity, with a significant number of appointments and new company incorporations. However, there are also dissolution acts and bankruptcy situations, reflecting the challenges faced by some companies in the region. Companies like Iberdrola España SA and Gestamp Global Tooling SL stand out for their relevance in the business fabric of Bizkaia, significantly contributing to the economic development of the region.