Most are small and medium-sized companies that make up the robust and prestigious ecosystem of the Galician metallurgical auxiliary industry. However, there are also companies from Turkey (Gesbey Energy Turbine Tower Production), Portugal (DCC Serviços Técnicos e Reparação de Máquinas), the Netherlands (DFOM Netherlands) or Germany (Voestalpine Böhler Welding). The list is not exactly universal, but heterogeneous and very comprehensive: it belongs to the creditors of Talleres Ganomagoga and Ganomagoga Logistics, recognized by the bankruptcy administration, according to documents received by Faro de Vigo from Prensa Ibérica. access.. In total, there are about 300 companies that relied on it as a supplier or financier in a project that failed stunningly. They add more than 16 million Euros to outstanding invoices and overdue loans. As this newspaper scrolls through its Wednesday edition, the report by FCH Social y Mercantil, the executive appointed by the court to lead the group’s liquidation, points to a guilty cause for bankruptcy. “Society lived with the risk of permanent non-payment.”
On a quantitative level, banks were the main victims of the collapse of the Cándido González project. Banco Sabadell stands out on this list with 4.12m euros, mostly classified as ordinary. These are, in addition to working capital limits, factoring transactions, mortgage loans or leasing and any other transaction supported by the Official Credit Institution (ICO). BBVA, Bankinter, Cajamar, Deutsche Bank or Abanca are also on the list of creditors sent by the bankruptcy administration to the Pontevedra 2nd Commercial Court. The loss of public administrations is also quite high due to the failure to make payments to the Tax Office, Social Security or Ministry of Economy and in this case to be trapped by the ICO lines deployed during the pandemic. This portfolio alone contributes 2.17 million Euros, including the personal loan of more than 88,700 Euro signed with Abanca.
- 1-Sabadell and BBVA, largest creditors
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In the total calculation, the bank is most affected by the bankruptcy of Grupo Ganomagoga. Although the public treasury suffered significant losses with the Tax Office or SGK.
- 2-Invoices removed from the list
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The bankruptcy manager rejected the invoices submitted by GRI Towers, the main client of the Cándido González project.
In any case and although there are amounts remaining, most of the 300 creditors are in this Ganomagoga process for owed commercial bills. Companies from the Vigo field of deck equipment for ships, machining, electrical components or special transports are almost fully represented. Here are level companies such as Ibercisa Deck Machineries, Grúas Doniz, Kaleido, Tesol, the aforementioned Gesbey Energy, Industrias Proa, Montega, Tuycalde or Pipeworks. Companies belonging to the same Ganomagoga group are also included in this list. There is Cedval Marine Solutions, which is also in the liquidation phase and is classified as secondary, with just over 870,000 Euros. Holding company. Same situation as that of Ganomagoga Logistics, another 150.000 Euros. The same is not true for other companies affiliated with Inversiones Capamar, which is controlled by Cándido González and is the head and sole director of all other companies in the group. According to the bankruptcy report, Inversiones y Arrendamientos de Vigo is owned by the same businessman and is 100% controlled by Capamar like Ganomagoga or Cedval. however, the 423,000 euros he claimed in this competition seems to be an ordinary loan.
Invoices submitted by GRI Towers, Ganomagoga’s reference customer, whose decline in orders has accelerated the company’s rapid departure from Vigo, are excluded. Bankruptcy executives were withdrawn from the list of creditors, so they demanded a 1m euro bill.
Talleres Ganomagoga reached its ceiling in 2019 with a business volume of close to 19 million euros, which fell to 12.3 at the end of last year. At the time, it posted red figures of 7.7m euros, already in a state of technical liquidation. A warehouse in Ponteareas, the only facility owned by the bankruptcy, received a demolition order due to irregularities during its expansion.