Financial Analysis of Mercantile Activities in Illes Balears

Report Date: July 8, 2024

This report aims to analyze the mercantile activities registered in the province of Illes Balears, highlighting the most relevant facts in various categories of business acts. Below is a detailed analysis based on the provided data.

Mercantile Registry

The Mercantile Registry of Illes Balears has recorded a series of significant business activities. Among them, appointments, incorporations, and resignations of positions stand out, as well as other activities related to the structure and functioning of companies.

Appointments

In the analyzed period, a total of 23 appointment acts have been registered. This number reflects an active dynamic in the management of companies, with the incorporation of new directors and the reorganization of leadership teams.

Incorporations

14 acts of incorporation of new companies have been registered, indicating a favorable environment for business creation in the region. A notable example is the company Number Nineteen Holdings SL, incorporated on October 7, 2008, with a share capital of 904,598.00 euros. This company is dedicated to real estate promotion and construction, including the acquisition, urbanization, sale, exploitation, and leasing of land and real estate properties.

Resignations

Regarding resignations, 7 acts have been registered. These movements may be related to strategic changes within companies, adjustments in organizational structure, or the termination of executive contracts.

Revocations

1 act of revocation has been registered, indicating a low incidence of this type of acts in the analyzed period.

Sole Proprietorships

In terms of sole proprietorships, 10 acts have been registered. This type of business structure, where a single person is responsible for the company, remains a popular option in the region.

Change of Address

1 act of change of address has been registered, suggesting stability in the location of companies in Illes Balears.

Statutory Modifications

No acts of statutory modifications have been registered, which could indicate that companies maintain their original statutes without significant adjustments.

Capital Increases

1 act of capital increase has been registered. Capital increases indicate the need for companies to increase their financial resources to expand their operations or make new investments.

Dissolutions

3 acts of dissolution have been registered, reflecting a moderate rate of company closures. An example is the dissolution of Number Nineteen Holdings SL, a company dedicated to real estate promotion and construction.

Reelections

No acts of reelection have been registered, which could suggest stability in the executive positions of companies.

Bankruptcy Situations

No bankruptcy situations have been registered, which is a positive indicator of the financial health of companies in the region.

Change of Purpose

No acts of change of purpose have been registered, indicating that companies maintain their main activities without the need for diversification.

Change of Name

1 act of change of name has been registered, suggesting that some companies are seeking rebranding or adjusting their corporate identity.

Capital Reductions

2 acts of capital reduction have been registered. Capital reductions can be a strategy to adjust the financial balance of companies.

Expansion of Purpose

No acts of expansion of purpose have been registered, indicating that companies are not expanding their activities into new areas.

Change of Sole Proprietorship

No acts of change of sole proprietorship have been registered, suggesting stability in this type of business structure.

Loss of Sole Proprietorship

No acts of loss of sole proprietorship have been registered, indicating that sole proprietorship companies maintain their structure.

Extinctions

No acts of extinction have been registered, which is a positive indicator of the continuity of companies in the region.

Mergers

No acts of merger have been registered, suggesting that there have been no significant consolidations among companies during the analyzed period.

Transformation of Company

No acts of transformation of company have been registered, indicating that companies maintain their original legal forms.

In conclusion, the analysis of mercantile activities in Illes Balears shows an active and diverse business dynamic, with a focus on the creation of new companies and the reorganization of executive teams. Stability in other areas, such as statutory modifications and bankruptcy situations, is a positive indicator of the overall health of the business environment in the region.