There were 200 new registrations of private limited companies in December 2016. New registrations increased by 13% in 2016, compared with the previous year. There were 2,666 new registrations during the year, compared with 2,368 in 2015. The greatest proportional increase in new registrations was in Administrative and support service activities, from 176 to 272, or a 55% increase from the previous year. Also of note is an increase from 46 to 60 in Transportation and storage (30%). There was a 5% decrease in new registrations during the period in Accommodation and food service activities (from 169 to 161).
Looking at new registrations in 2016 by region, the greatest proportional increase was in the East, where new registrations went from 52 in 2015 to 71 in 2016 (37%). There was an increase in new registrations for all regions between 2015 and 2016, except for the Northwest, where the number stayed the same between years (32 new registrations in each year).
There were 29 corporate insolvencies registered in December 2016. Corporate insolvencies increased by 75% in 2016, compared with the previous year. There were 1,027 corporate insolvencies during the year, compared with 588 in 2015. It should be noted that due to a lawyer strike between April and December 2015, it is possible that a part of the insolvencies registered in 2016 actually took place in 2015, though it is not known how big a part this has in the increase in insolvencies between 2015 and 2016. The greatest proportional increase in insolvencies during 2016 was from 33 to 94 in Financial and insurance activities (185%); in Information and communication, from 28 to 63 (125%); and in Professional, scientific and technical activities, from 46 to 98 (113%). There was an increase in the number of insolvencies for all major industries during the period. The smallest increase was in Transportation and storage, where it went from 18 to 22 (22%).
Looking at corporate insolvencies in 2016 by region, there was a considerable increase in insolvencies in the Capital Region (from 426 to 877; 106%), in the West (from 16 to 34; 113%), and in the Westfjords (from 5 to 13; 160%), whereas there was a decrease in insolvencies in the Southwest (from 49 to 27; 45%), in the East (from 11 to 8; 27%), and in the South (from 63 to 47; 25%).
|New registration and insolvencies|
|A Agriculture, forestry and fishing||9||2||-78||87||92||6|
|G Wholesale and retail trade; repair of motor vehicles and motorcycles||13||16||23||272||274||1|
|H Transportation and storage||4||3||-25||46||60||30|
|I Accommodation and food service activities||18||9||-50||169||161||-5|
|J Information and communication||13||6||-54||171||195||14|
|K Financial and insurance activities||45||46||2||357||372||4|
|L Real estate activities||27||37||37||352||414||18|
|M Professional, scientific and technical activities||23||24||4||223||235||5|
|N Administrative and support service activities||19||17||-11||176||272||55|
|A Agriculture, forestry and fishing||0||1||-||21||29||38|
|G Wholesale and retail trade; repair of motor vehicles and motorcycles||6||6||0||106||203||92|
|H Transportation and storage||0||0||-||18||22||22|
|I Accommodation and food service activities||1||1||0||41||59||44|
|J Information and communication||0||0||-||28||63||125|
|K Financial and insurance activities||2||3||50||33||94||185|
|L Real estate activities||2||3||50||74||103||39|
|M Professional, scientific and technical activities||3||4||33||46||98||113|
|N Adminstrative and support service activities||0||4||-||30||58||93|