Financial Analysis of the Commercial Registry of Santa Cruz de Tenerife

Report Date: September 11, 2024

This report focuses on the most relevant facts recorded in the Commercial Registry of Santa Cruz de Tenerife. Below, the most significant acts and their impact on the business fabric of the province are detailed.

Appointments

The number of recorded appointment acts amounts to 655. This high number reflects an active business dynamic, where companies are constantly renewing their management teams. A notable example is the company Residencial del Duque SL, which has recorded an appointment. This company, established in 1998, has a share capital of 222,048,000.00 euros, indicating its relevance in the real estate sector.

Constitutions

213 acts of new company constitutions have been recorded. This data indicates a favorable environment for the creation of new companies, driving the economic growth of the region. Although no recent constitutions have been recorded in specific mentioned companies, the total number suggests an expanding business ecosystem.

Resignations

The number of resignations is 305, which can be interpreted as internal restructuring in several companies. This phenomenon may be related to strategic changes or management adjustments. For example, DISA Holding Energético SL has recorded a resignation, which could be linked to its strategy of participating in other companies.

Revocations

44 revocation acts have occurred, suggesting a moderate level of changes in decisions previously made by companies. These acts may be due to changes in internal policies or the need to adjust previous decisions.

Sole Proprietorships

The registry shows 106 acts of sole proprietorships, indicating that several companies have opted for this legal structure. This form can offer advantages in terms of management and control. However, no sole proprietorship acts have been recorded in the highlighted companies in this report.

Address Changes

74 address changes have been recorded, which may indicate a search for better strategic locations or geographical expansion. This movement can have significant implications for the logistics and operations of companies.

Statutory Modifications

With 32 acts of statutory modifications, companies are adapting their statutes to new market realities and needs. An example is Residencial del Duque SL, which has recorded a statutory modification, possibly to expand its corporate purpose or adjust its organizational structure.

Capital Increases

34 capital increases have been recorded, suggesting that several companies are strengthening their financial structure to undertake new projects or expand their operations. This data is a positive indicator of market confidence and future growth.

Dissolutions

The number of dissolutions amounts to 70, reflecting a rate of company closures that may be linked to various reasons, such as economic difficulties, market changes, or strategic decisions by owners.

Reelections

43 reelections have been recorded, indicating continuity in the management of several companies. This act can be interpreted as a sign of stability and confidence in the current management teams.

Bankruptcy Situations

The registry shows 33 bankruptcy situations, reflecting financial difficulties in some companies. This data is crucial to understanding the economic challenges faced by certain companies in the region.

Changes in Corporate Purpose

25 changes in corporate purpose have been recorded, indicating that several companies are redefining their main activities to adapt to new market opportunities or challenges. For example, Aguas del Valle de la Orotava SL has expanded its corporate purpose to include photovoltaic solar energy activities, showing diversification in its operations.

Name Changes

6 name changes have occurred, which may be related to rebranding or changes in the corporate structure of companies.

Capital Reductions

The number of capital reductions is 11, which may indicate financial adjustments to balance accounts or optimize the capital structure of companies.

Corporate Purpose Expansions

No acts of corporate purpose expansion have been recorded, suggesting that companies are maintaining their activities within the initially established limits.

Changes to Sole Proprietorship

13 changes to sole proprietorship have been recorded, which may reflect a trend towards simplifying the business structure.

Losses of Sole Proprietorship

No acts of loss of sole proprietorship have been recorded, indicating stability in existing sole proprietorship structures.

Extinctions

Only one act of extinction has been recorded, suggesting that most companies are managing to remain operational despite challenges.

Mergers

The number of mergers is 3, indicating moderate activity in terms of business consolidation. Mergers can be a strategy to strengthen market position and optimize resources.

Corporate Transformations

3 acts of corporate transformations have been recorded, which may reflect changes in the legal structure of companies to better adapt to their operational and strategic needs.

In conclusion, the Commercial Registry of Santa Cruz de Tenerife shows dynamic and diverse business activity. The data reflects both opportunities and challenges, with a notable number of appointments, constitutions, and capital increases, as well as some resignations and bankruptcy situations. Companies are adapting to new market realities, as demonstrated by the expansion of the corporate purpose of Aguas del Valle de la Orotava SL to include photovoltaic solar energy. This analysis provides a comprehensive view of the current state of the business fabric in the province.