NEWS RELEASE ENTERPRISES 29 JUNE 2016

There were 269 new registrations of private limited companies in May 2016. New registrations increased by 15% over the last 12 months, from June 2015 to May 2016, compared to the prior 12 months. There were 2,558 new registrations during the period, compared with 2,224 in the previous 12 months. The greatest increase in new registrations was in Real estate activities, from 267 to 409, or a 53% increase from the previous 12 months. Also of note is an increase in registrations from 166 to 220 in Administrative and support service activities (33%), and an increase from 143 to 178 in Accommodation and food service activities (24%). Proportionately, the greatest decrease in new registrations during the period was 7% in Agriculture, forestry and fishing (from 100 to 93).

There were 114 corporate insolvencies registered in May 2016. Corporate insolvencies increased by 2% over the last 12 months, from June 2015 to May 2016, compared to the prior 12 months. There were 787 corporate insolvencies during the period, compared with 774 in the previous 12 months. The greatest proportional increase in insolvencies during the period was in Administrative and support service activities, where corporate insolvencies increased from 30 to 43 between periods (43%). The greatest proportional decrease of insolvencies was from 95 to 67 in Real estate activities (29%), and from 52 to 41 in Manufacturing (21%).

New registration and insolvencies
  May   June - May  
  2016 2015 % 2015-2016 2014-2015 %
New registration            
Total 269 218 23 2,558 2,224 15
A Agriculture, forestry and fishing 21 11 91 93 100 -7
C Manufacturing 9 7 29 91 84 8
F Construction 43 28 54 315 274 15
G Wholesale and retail trade; repair of motor vehicles and motorcycles 28 22 27 280 275 2
H Transportation and storage 6 6 0 53 49 8
I Accommodation and food service activities 18 13 38 178 143 24
J Information and communication 11 12 -8 179 186 -4
K Financial and insurance activities 40 26 54 363 325 12
L Real estate activities 35 30 17 409 267 53
M Professional, scientific and technical activities 20 19 5 225 225 0
N Administrative and support service activities 28 35 -20 220 166 33
Other activities 10 9 11 152 130 17
             
Insolvencies            
Total 114 64 78 787 774 2
A Agriculture, forestry and fishing 3 2 50 21 24 -13
C Manufacturing 1 6 -83 41 52 -21
F Construction 18 16 13 156 147 6
G Wholesale and retail trade; repair of motor vehicles and motorcycles 19 4 375 161 137 18
H Transportation and storage 6 2 200 23 23 0
I Accommodation and food service activities 7 1 600 51 62 -18
J Information and communication 12 8 50 41 38 8
K Financial and insurance activities 5 3 67 61 53 15
L Real estate activities 10 7 43 67 95 -29
M Professional, scientific and technical activities 17 7 143 71 74 -4
N Adminstrative and support service activities 2 1 100 43 30 43
Other activities 14 7 100 51 39 31

Statistics:
  Enterprises
  Insolvencies

Further Information

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

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