NEWS RELEASE ENTERPRISES 29 OCTOBER 2015

New registrations of private limited companies increased by 10% over the last 12 months, from October 2014 to September 2015, compared to the prior 12 months. There were 2,255 new registrations during that period. The highest increase of new registrations was in Accommodation and food service activities, 43% increase over a 12 months period. Also, it is worth noting an increase in registrations in Real estate activities (33%), Manufacturing (26%) and Construction (23%). Proportionately, the greatest decrease in new registrations over the last 12 months was 26% in Transportation and storage.

Corporate insolvencies decreased by 13% over the last 12 months, from October 2014 to September 2015, compared to the prior 12 months. There were 716 corporate insolvencies during that period. The greatest decrease of insolvencies was in Financial and insurance activities, 30%; while Manufacturing has seen a 29% decrease in insolvencies over the last 12 months. Proportionately, the greatest increase in insolvencies over the last 12 months was 21% for Administrative and support service activities, compared with the prior 12 months.

 

New registration and insolvencies
  September   October - September  
  2015 2014 % 2014-2015 2013-2014 %
New registration            
Total 200 204 -2 2,255 2,047 10
A Agriculture, forestry and fishing 2 8 -75 86 88 -2
C Manufacturing 11 4 175 93 74 26
F Construction 27 34 -21 272 222 23
G Wholesale and retail trade; repair of motor vehicles and motorcycles 28 26 8 283 278 2
H Transportation and storage 1 6 -83 39 53 -26
I Accommodation and food service activities 12 11 9 158 113 40
J Information and communication 14 23 -39 172 191 -10
K Financial and insurance activities 21 20 5 326 306 7
L Real estate activities 42 23 83 318 240 33
M Professional, scientific and technical activities 15 21 -29 214 181 18
N Administrative and support service activities 18 14 29 169 164 3
Other activities 9 14 -36 125 137 -9
             
Insolvencies            
Total 44 56 -21 716 823 -13
A Agriculture, forestry and fishing 2 3 -33 22 26 -15
C Manufacturing 2 2 0 44 62 -29
F Construction 13 15 -13 142 160 -11
G Wholesale and retail trade; repair of motor vehicles and motorcycles 5 9 -44 120 143 -16
H Transportation and storage 0 1 -100 23 30 -23
I Accommodation and food service activities 9 3 200 60 65 -8
J Information and communication 1 2 -50 37 35 6
K Financial and insurance activities 2 9 -78 45 64 -30
L Real estate activities 5 3 67 91 94 -3
M Professional, scientific and technical activities 1 7 -86 60 63 -5
N Adminstrative and support service activities 2 0 - 35 29 21
Other activities 2 2 0 37 52 -29

 

Statistics

Further Information

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

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