Financial Analysis of the Lugo Commercial Registry

Report date: June 26, 2024

In the province of Lugo, the Commercial Registry has recorded a series of business acts that reflect the dynamics and evolution of the local business fabric. Below is a detailed analysis of the most relevant facts based on the available data.

Registered Acts

The Lugo Commercial Registry has accounted for a total of 38 appointment acts, 15 incorporations, 15 cessations, and 9 dissolutions. These acts are indicative of business activity in the region, showing both the creation of new companies and the restructuring and cessation of operations of others.

Appointments

With 38 appointment acts, there is a high turnover in the executive positions of companies. This number reflects the importance of renewal and adaptation in business management to maintain market competitiveness.

Incorporations and Cessations

The registration of 15 new company incorporations indicates growth in the number of entities deciding to start operations in Lugo. On the other hand, the 15 registered cessations show that although there is growth, there are also challenges leading some companies to cease their activities.

Dissolutions

The 9 registered dissolutions are an indicator of the economic or strategic difficulties that some companies face, leading them to end their operations. An example of this is CABALIÑO SL, which has registered a dissolution act.

Other Relevant Acts

In addition to the mentioned acts, the Lugo Commercial Registry has recorded other significant events that affect the structure and operation of companies.

Sole Proprietorships

There have been 6 sole proprietorship acts registered, indicating that several companies have come to be managed by a single partner. This change may reflect a strategy to simplify management and decision-making.

Change of Address

With 3 change of address acts, there is some mobility of companies within the province. This mobility may be motivated by the search for better business opportunities or more favorable operating conditions.

Bankruptcy Situations

There have been 3 bankruptcy situations registered, reflecting the financial difficulties some companies are facing. These situations can lead to restructuring or liquidation processes.

Changes in Name and Corporate Purpose

The 5 name change acts and 1 corporate purpose change act indicate that some companies are adapting their identity and activities to better align with market demands. For example, GRUPO EMPRESARIAL MIGAN SL, with a share capital of 745,500.00 euros, is dedicated to the design, manufacture, purchase, sale, repair, and assembly of metalwork, furniture, machinery, and other products related to hospitality and catering.

Company Transformations

There have been 5 company transformation acts registered, indicating that some companies are changing their legal structure to adapt to new circumstances or take advantage of fiscal and operational benefits.

Outstanding Companies

Among the companies registered in the Lugo Commercial Registry, some stand out for their share capital and corporate purpose. Below are some examples:

INOXIDABLES DE RABADE SA

Incorporated in 1988, this company has a share capital of 4,808,000.00 euros. Although no recent acts of statutory modifications, capital increases, or dissolutions have been registered, its market presence is significant.

SOVIARDIAL SL

Incorporated in 2004, this company has a share capital of 300,000.00 euros and is dedicated to contracting and carrying out public and private works. It has registered a change of address, which may indicate a relocation strategy to improve its operability.

Conclusion

The analysis of the acts registered in the Lugo Commercial Registry reveals an active business dynamic, with a balance between the creation of new companies and the restructuring of existing ones. The high turnover in executive positions, along with changes in name and corporate purpose, reflect the adaptability of companies to market conditions. However, dissolutions and bankruptcy situations also highlight the economic challenges some companies face.

In summary, the business fabric of Lugo shows signs of growth and adaptation, although it is not without difficulties. The outstanding companies, such as CABALIÑO SL, SOVIARDIAL SL, and INOXIDABLES DE RABADE SA, exemplify both the opportunities and challenges faced by entities in this region.