NEWS RELEASE ENTERPRISES 28 SEPTEMBER 2016

There were 191 new registrations of private limited companies in August 2016. New registrations increased by 17% over the last 12 months, from September 2015 to August 2016, compared to the prior 12 months. There were 2,649 new registrations during the period, compared with 2,259 in the previous 12 months. The greatest proportional increase in new registrations was in Administrative and support service activities, from 165 to 245, or a 48% increase from the previous 12 months. Also of note is an increase in registrations from 299 to 415 in Real estate activities (39%), and an increase from 44 to 61 in Transportation and storage (39%). There was a decrease of 4% in new registrations during the period in Professional, scientific and technical activities (from 281 to 270).

There were 14 corporate insolvencies registered in August 2016. Corporate insolvencies increased by 19% over the last 12 months, from September 2015 to August 2016, compared to the prior 12 months. There were 867 corporate insolvencies during the period, compared with 729 in the previous 12 months. The greatest proportional increase in insolvencies during the period was from 124 to 183 in Wholesale and retail trade; repair of motor vehicles and motorcycles (48%). The greatest proportional decrease of insolvencies was from 89 to 77 in Real estate activities (13%).

New registration and insolvencies
  August   September–August  
  2016 2015 % 2015–2016 2014–2015 %
New registration            
Total 191 152 26 2,649 2,259 17
A Agriculture, forestry and fishing 1 3 -67 95 92 3
C Manufacturing 10 6 67 104 86 21
F Construction 37 18 106 346 279 24
G Wholesale and retail trade; repair of motor vehicles and motorcycles 25 22 14 270 281 -4
H Transportation and storage 6 2 200 61 44 39
I Accommodation and food service activities 6 14 -57 172 157 10
J Information and communication 19 21 -10 187 181 3
K Financial and insurance activities 10 23 -57 371 325 14
L Real estate activities 29 22 32 415 299 39
M Professional, scientific and technical activities 18 4 350 232 220 5
N Administrative and support service activities 17 8 113 245 165 48
Other activities 13 9 44 151 130 16
             
Insolvencies            
Total 14 12 17 867 729 19
A Agriculture, forestry and fishing 0 2 -100 24 24 0
C Manufacturing 1 1 0 44 44 0
F Construction 5 2 150 164 144 14
G Wholesale and retail trade; repair of motor vehicles and motorcycles 2 2 0 183 124 48
H Transportation and storage 1 1 0 23 24 -4
I Accommodation and food service activities 3 0 - 60 54 11
J Information and communication 0 1 -100 52 38 37
K Financial and insurance activities 0 0 - 66 52 27
L Real estate activities 2 2 0 77 89 -13
M Professional, scientific and technical activities 0 0 - 77 66 17
N Adminstrative and support service activities 0 0 - 45 33 36
Other activities 0 1 -100 52 37 41

Statistics

Further Information

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

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