Financial Analysis of the Commercial Registry of Santa Cruz de Tenerife

Date: June 21, 2024

This report provides a detailed analysis of the most relevant events recorded in the Commercial Registry of Santa Cruz de Tenerife, highlighting the most significant movements in terms of appointments, incorporations, resignations, revocations, address changes, statutory modifications, capital increases, dissolutions, re-elections, bankruptcy situations, object changes, name changes, capital reductions, object expansions, changes to sole proprietorship, losses of sole proprietorship, extinctions, mergers, and company transformations.

Appointments

The total number of recorded appointment acts is 218. This data reflects significant activity in terms of the designation of new positions in companies. For example, the company Escayola Sur Teide SL, with a share capital of 120,000,000.00 euros, has recorded 1 appointment. This movement may indicate a renewal or expansion in its management team.

Incorporations

No incorporation acts have been recorded. This could be interpreted as a lack of new additions to the business fabric in the analyzed period, which could be an indicator of stability or a less dynamic economic environment.

Resignations

72 resignation acts have been recorded, suggesting considerable turnover in management positions. A notable example is again Escayola Sur Teide SL, which has also recorded 1 resignation. Such movements may be related to internal restructurings or strategic changes within companies.

Revocations

The number of revocations amounts to 13. These acts may be related to the annulment of previously granted powers, which may reflect adjustments in company management. For example, the company Inversiones y Desarrollos Rocabella SL, with a share capital of 6,500,000.00 euros, has recorded 1 revocation.

Sole Proprietorships

No sole proprietorship acts have been recorded, indicating that there have been no significant changes in the ownership structure of companies towards a sole proprietorship form.

Address Changes

21 address change acts have been recorded. Such movements may indicate relocation strategies to optimize operations or access new markets.

Statutory Modifications

The number of statutory modifications is 14. These acts reflect changes in company statutes, which may include adjustments in capital structure, changes in the corporate purpose, among others.

Capital Increases

No capital increase acts have been recorded, which could indicate a lack of need for new financial resources by companies during this period.

Dissolutions

No dissolution acts have been recorded, suggesting stability in the operational continuity of companies.

Re-elections

7 re-election acts have been recorded, indicating the renewal of mandates in the administrative bodies of some companies.

Bankruptcy Situations

No bankruptcy situations have been recorded, which is a positive indicator of the financial health of companies, as they have not required insolvency proceedings.

Object Changes

8 object change acts have been recorded. For example, the company Hotelera Adeje SA, with a share capital of 21,203,707.00 euros, has recorded an object change. Such changes may reflect strategic adjustments to adapt to new business opportunities.

Name Changes

No name change acts have been recorded, suggesting that companies have maintained their trade names without alterations.

Capital Reductions

No capital reduction acts have been recorded, indicating that companies have not reduced their share capital during this period.

Object Expansions

5 object expansion acts have been recorded, which may indicate diversification in business activities.

Changes to Sole Proprietorship

1 act of change to sole proprietorship has been recorded, reflecting an adjustment in the ownership structure of a company.

Losses of Sole Proprietorship

No acts of loss of sole proprietorship have been recorded, indicating that there have been no changes in the ownership structure of companies towards a non-sole proprietorship form.

Extinctions

No extinction acts have been recorded, suggesting that there have been no definitive closures of companies during this period.

Mergers

No merger acts have been recorded, indicating that there have been no company integrations during this period.

Company Transformations

No company transformation acts have been recorded, suggesting that companies have maintained their legal form without significant changes.

In conclusion, the analysis of the Commercial Registry of Santa Cruz de Tenerife shows moderate business activity, with a significant number of appointments and resignations, but little activity in terms of incorporations, capital increases, and bankruptcy situations. Companies appear to be in a state of stability, with some adjustments in their internal structures and strategies, as reflected by address changes and statutory modifications.