NEWS RELEASE ENTERPRISES 26 NOVEMBER 2015

New registrations of private limited companies increased by 11% over the last 12 months, from November 2014 to October 2015, compared to the prior 12 months. There were 2,263 new registrations during that period. The highest increase of new registrations was in Real estate activities, 43% increase over a 12 month period. Also, it is worth noting an increase in registrations in Accommodation and food service activities (35%) and Manufacturing (33%). Proportionately, the greatest decrease in new registrations over the last 12 months was 19% in Transportation and storage.

Corporate insolvencies decreased by 18% over the last 12 months, from November 2014 to October 2015, compared to the prior 12 months. There were 660 corporate insolvencies during that period. The greatest decrease of insolvencies was in Transportation and storage, 35%; while Financial and insurance activities has seen a 33% decrease in insolvencies over the last 12 months. Proportionately, the greatest increase in insolvencies over the last 12 months was 10% for Administrative and support service activities, compared with the prior 12 months.

New registration and insolvencies
  October   November - October  
  2015 2014 % 2014-2015 2013-2014 %
New registration            
Total 178 170 5 2.263 2.036 11
A Agriculture, forestry and fishing 4 7 -43 83 89 -7
C Manufacturing 5 5 0 93 70 33
F Construction 14 20 -30 266 222 20
G Wholesale and retail trade; repair of motor vehicles and motorcycles 22 21 5 284 271 5
H Transportation and storage 6 3 100 42 52 -19
I Accommodation and food service activities 14 11 27 161 119 35
J Information and communication 6 13 -54 165 187 -12
K Financial and insurance activities 38 28 36 336 308 9
L Real estate activities 31 19 63 330 231 43
M Professional, scientific and technical activities 16 18 -11 212 185 15
N Administrative and support service activities 7 14 -50 162 164 -1
Other activities 15 11 36 129 138 -7
             
Insolvencies            
Total 38 95 -60 660 801 -18
A Agriculture, forestry and fishing 3 0 - 25 24 4
C Manufacturing 4 3 33 45 60 -25
F Construction 6 19 -68 129 158 -18
G Wholesale and retail trade; repair of motor vehicles and motorcycles 5 19 -74 106 139 -24
H Transportation and storage 1 5 -80 20 31 -35
I Accommodation and food service activities 3 8 -63 55 66 -17
J Information and communication 1 7 -86 31 34 -9
K Financial and insurance activities 2 8 -75 39 58 -33
L Real estate activities 3 7 -57 87 82 6
M Professional, scientific and technical activities 4 10 -60 54 66 -18
N Adminstrative and support service activities 3 5 -40 33 30 10
Other activities 3 4 -25 36 53 -32

Statistics 

Further Information

For further information please contact 528 1260 , email fyrirtaekjatolfraedi@hagstofa.is

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