NEWS RELEASE ENTERPRISES 22 DECEMBER 2015

New registrations of private limited companies increased by 11% over the last 12 months, from December 2014 to November 2015, compared to the prior 12 months. There were 2,272 new registrations during that period. The highest increase of new registrations was in Real estate activities, 52% increase over a 12 month period. Also, it is worth noting an increase in registrations in Accommodation and food service activities (29%) and Manufacturing (25%). Proportionately, the greatest decrease in new registrations over the last 12 months was 12% in Transportation and storage.

Corporate insolvencies decreased by 24% over the last 12 months, from December 2014 to November 2015, compared to the prior 12 months. There were 611 corporate insolvencies during that period. The greatest decrease of insolvencies was in Financial and insurance activities, 40%, while both Transportation and storage and Professional, scientific and technical activities have seen a 35% decrease in insolvencies over the last 12 months. The only section where there was an increase in insolvencies over the last 12 months was Real estate activities, where insolvencies increased by 8% compared with the prior 12 months.

New registration and insolvencies
  November   December - November  
  2015 2014 % 2014-2015 2013-2014 %
New registration            
Total 166 157 6 2,272 2,040 11
A Agriculture, forestry and fishing 5 2 150 86 85 1
C Manufacturing 5 8 -38 90 72 25
F Construction 20 18 11 268 223 20
G Wholesale and retail trade; repair of motor vehicles and motorcycles 19 26 -27 277 282 -2
H Transportation and storage 3 1 200 44 50 -12
I Accommodation and food service activities 12 13 -8 160 124 29
J Information and communication 13 12 8 166 186 -11
K Financial and insurance activities 32 27 19 341 318 7
L Real estate activities 28 19 47 339 223 52
M Professional, scientific and technical activities 14 10 40 216 183 18
N Administrative and support service activities 9 10 -10 161 155 4
Other activities 6 11 -45 124 139 -11
             
Insolvencies            
Total 34 83 -59 611 807 -24
A Agriculture, forestry and fishing 2 5 - 22 25 -12
C Manufacturing 2 8 -75 39 58 -33
F Construction 6 13 -54 122 151 -19
G Wholesale and retail trade; repair of motor vehicles and motorcycles 11 17 -35 100 148 -32
H Transportation and storage 1 1 0 20 31 -35
I Accommodation and food service activities 1 9 -89 47 69 -32
J Information and communication 4 3 33 32 34 -6
K Financial and insurance activities 0 6 -100 33 55 -40
L Real estate activities 1 5 -80 83 77 8
M Professional, scientific and technical activities 1 9 -89 46 71 -35
N Adminstrative and support service activities 4 4 0 33 33 0
Other activities 1 3 -67 34 55 -38

Statistics

Further Information

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

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