NEWS RELEASE ENTERPRISES 28 AUGUST 2014

Corporate insolvencies over the last 12 months, from August 2013 to July 2014, decreased by 22% compared to the prior 12 months. There were 845 corporate insolvencies in that period. The highest number of insolvencies was in Wholesale and retail trade; repair of motor vehicles and motorcycles and in Construction, both categories had 156 insolvencies.

New private limited companies over the last 12 months, from August 2013 to July 2014, increased by 7% compared to the prior 12 months. There were 1,994 new registrations in that period. The highest number of new registrations was in financial and insurance activities, 319 in total.

Insolvencies and new registration
  July   August-July  
  2014 2013 % 2013-2014 2012-2013 %
Insolvencies
Total 50 49 2 845 1,079 -22
A Agriculture, forestry and fishing 1 2 -50 25 35 -29
C Manufacturing 4 1 300 65 60 8
F Construction 11 11 0 156 226 -31
G Wholesale and retail trade; repair of motor vehicles and motorcycles 5 9 -44 156 200 -22
H Transportation and storage 2 0 - 29 34 -15
I Accommodation and food service activities 4 3 33 64 75 -15
J Information and communication 2 2 0 41 50 -18
K Financial and insurance activities 4 3 33 60 101 -41
L Real estate activities 6 12 -50 97 134 -28
M Professional, scientific and technical activities 5 4 25 62 71 -13
N Adminstrative and support service activities 2 1 100 33 34 -3
New registration
Total 189 146 29 1,994 1,860 7
A Agriculture, forestry and fishing 11 8 38 82 85 -4
C Manufacturing 5 6 -17 76 109 -30
F Construction 29 16 81 200 165 21
G Wholesale and retail trade; repair of motor vehicles and motorcycles 24 23 4 280 259 8
H Transportation and storage 4 5 -20 48 43 12
I Accommodation and food service activities 8 6 33 107 137 -22
J Information and communication 27 11 145 183 156 17
K Financial and insurance activities 26 26 0 319 292 9
L Real estate activities 16 16 0 244 231 6
M Professional, scientific and technical activities 19 8 138 173 146 18
N Adminstrative and support service activities 10 10 0 154 129 19

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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