Financial Analysis of the Mercantile Registry of Las Palmas

Analysis date: July 31, 2024

This report provides a detailed analysis of the activities recorded in the Mercantile Registry of Las Palmas, highlighting the most relevant events in various categories of mercantile acts. Below, the trends and particularities observed in the activities of appointments, incorporations, resignations, revocations, sole proprietorships, changes of address, statutory modifications, capital increases, dissolutions, re-elections, insolvency situations, changes of object, changes of name, capital reductions, object expansions, changes of sole proprietorship, loss of sole proprietorship, terminations, mergers, and company transformations are described.

Appointments

A total of 18 appointment acts were registered in the Mercantile Registry of Las Palmas. This number reflects a constant activity in the designation of new managerial and administrative positions in the region's companies. An example of a company with activity in appointments is Red Eléctrica Infraestructuras en Canarias SA, which has a share capital of 500,000.00 euros and is dedicated to the development of activities for the management of construction in the field of energy storage facilities and integrated water cycle management.

Incorporations

There were 9 acts of incorporation of new companies. This data indicates moderate growth in the creation of new mercantile entities in the region. Among the recently incorporated companies is Acuorum Holding SL, incorporated on February 8, 2016, with a share capital of 2,110,000.00 euros. Its corporate purpose is the holding of shares in the capital of other mercantile entities, as well as the direction and control of them.

Resignations

Regarding resignations, 5 acts were registered. This can be interpreted as moderate turnover in managerial and administrative positions in companies. Stability in leadership positions is crucial for the continuity and growth of organizations.

Revocations

There were 2 acts of revocation, suggesting a low incidence of annulments of previously granted powers or authorizations. This data indicates stability in corporate decisions.

Sole Proprietorships

There were 4 acts of sole proprietorship, reflecting the existence of companies operating under the ownership of a single partner. This type of structure can be beneficial for quick and efficient decision-making.

Changes of Address

There were 2 acts of change of address, indicating low mobility of companies in terms of physical location. Stability in location can be a positive factor for the consolidation of business operations.

Statutory Modifications

There were 3 acts of statutory modifications, suggesting adjustments and updates in the social statutes of companies to adapt to new circumstances or regulations.

Capital Increases

There was 1 act of capital increase, indicating limited activity in the injection of new financial resources into companies. Capital increases are crucial for the growth and expansion of business operations.

Dissolutions

There was 1 act of dissolution, reflecting a low incidence of company closures. The dissolution of a company is a significant process that marks the end of its legal existence.

Re-elections

No re-election acts were registered, suggesting that there were no renewals of mandates in managerial positions during the analyzed period.

Insolvency Situations

No insolvency situations were observed, which is a positive indicator of the financial health of companies in the region, as no insolvency proceedings were registered.

Changes of Object

No acts of changes of object were registered, suggesting that companies maintain their main activities without the need to redefine their commercial objectives.

Changes of Name

There were no acts of changes of name, indicating stability in the corporate identity of companies.

Capital Reductions

There was 1 act of capital reduction, which may indicate necessary financial adjustments for the restructuring or consolidation of companies.

Object Expansions

No acts of object expansion were observed, suggesting that companies have not diversified their commercial activities during the analyzed period.

Changes of Sole Proprietorship

No acts of changes of sole proprietorship were registered, indicating that there were no modifications in the ownership structure of sole proprietorship companies.

Loss of Sole Proprietorship

No acts of loss of sole proprietorship were observed, suggesting that sole proprietorship companies maintained their ownership structure without changes.

Terminations

No acts of termination were registered, which is a positive indicator of the operational continuity of companies in the region.

Mergers

There was 1 act of merger, indicating limited activity in terms of company consolidation. Mergers are strategic processes that can strengthen the market position of the entities involved. An example is Acuorum Holding SL, which has participated in a merger act.

Company Transformations

No acts of company transformations were observed, suggesting that companies have not changed their legal form during the analyzed period.

In conclusion, the Mercantile Registry of Las Palmas shows moderate activity in various categories of mercantile acts. Stability in appointments, incorporations, and resignations reflects a relatively stable business environment. The low incidence of insolvency situations and dissolutions is a positive indicator of the financial health of companies in the region. However, the limited activity in capital increases and mergers suggests that companies may be operating conservatively in terms of expansion and growth.