NEWS RELEASE ENTERPRISES 29 JULY 2016

There were 275 new registrations of private limited companies in June 2016. New registrations increased by 18% over the last 12 months, from July 2015 to June 2016, compared to the prior 12 months. There were 2,633 new registrations during the period, compared with 2,232 in the previous 12 months. The greatest increase in new registrations was in Real estate activities, from 279 to 413, or a 48% increase from the previous 12 months. Also of note is an increase in registrations from 168 to 231 in Administrative and support service activities (38%), and an increase from 42 to 57 in Transportation and storage (36%). Proportionately, the greatest decrease in new registrations during the period was 6% in Professional, scientific and technical activities (from 233 to 220).

There were 102 corporate insolvencies registered in June 2016. Corporate insolvencies increased by 12% over the last 12 months, from July 2015 to June 2016, compared to the prior 12 months. There were 840 corporate insolvencies during the period, compared with 751 in the previous 12 months. The greatest proportional increase in insolvencies during the period was from 124 to 174 in Wholesale and retail trade; repair of motor vehicles and motorcycles (40%), and from 38 to 50 in Information and communication (32%). The greatest proportional decrease of insolvencies was from 91 to 78 in Real estate activities (14%).

New registration and insolvencies
  June   July–June  
  2016 2015 % 2015–2016 2014–2015 %
New registration            
Total 275 200 38 2,633 2,232 18
A Agriculture, forestry and fishing 11 8 38 96 98 -2
C Manufacturing 12 5 140 98 82 20
F Construction 36 24 50 327 279 17
G Wholesale and retail trade; repair of motor vehicles and motorcycles 23 27 -15 276 276 0
H Transportation and storage 6 2 200 57 42 36
I Accommodation and food service activities 16 11 45 183 142 29
J Information and communication 29 15 93 193 183 5
K Financial and insurance activities 51 25 104 389 319 22
L Real estate activities 33 29 14 413 279 48
M Professional, scientific and technical activities 16 21 -24 220 233 -6
N Administrative and support service activities 28 17 65 231 168 38
Other activities 14 16 -13 150 131 15
             
Insolvencies            
Total 102 52 96 840 751 12
A Agriculture, forestry and fishing 5 2 150 24 23 4
C Manufacturing 4 2 100 43 47 -9
F Construction 21 17 24 161 150 7
G Wholesale and retail trade; repair of motor vehicles and motorcycles 17 5 240 174 124 40
H Transportation and storage 2 3 -33 22 24 -8
I Accommodation and food service activities 7 2 250 56 55 2
J Information and communication 12 3 300 50 38 32
K Financial and insurance activities 6 4 50 63 55 15
L Real estate activities 12 2 500 78 91 -14
M Professional, scientific and technical activities 8 4 100 75 70 7
N Adminstrative and support service activities 4 4 0 43 33 30
Other activities 4 4 0 51 41 24

Statistics:
    Enterprises
 
   Insolvencies

Further Information

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

Share


Use of this press release is free. Please quote the source.