NEWS RELEASE ENTERPRISES 22 DECEMBER 2016

There were 222 new registrations of private limited companies in November 2016. New registrations increased by 15% over the last 12 months, from December 2015 to November 2016, compared to the prior 12 months. There were 2,688 new registrations during the period, compared with 2,328 in the previous 12 months. The greatest proportional increase in new registrations was in Administrative and support service activities, from 163 to 274, or a 68% increase from the previous 12 months. Also of note is an increase from 45 to 61 in Transportation and storage (36%), and an increase from 278 to 355 in Construction (28%). There was a 4% decrease in new registrations during the period in Wholesale and retail trade; repair of motor vehicles and motorcycles (from 282 to 271).

There were 100 corporate insolvencies registered in November 2016. Corporate insolvencies increased by 63% over the last 12 months, from December 2015 to November 2016, compared to the prior 12 months. There were 1,010 corporate insolvencies during the period, compared with 618 in the previous 12 months. The greatest proportional increase in insolvencies during the period was from 33 to 91 in Financial and insurance activities (176%); in Professional, scientific and technical activities, from 46 to 97 (111%); in Information and communication, from 32 to 63 (97%); and in Wholesale and retail trade; repair of motor vehicles and motorcycles, from 103 to 202 (96%). There was an increase in the number of insolvencies for all major industries during the period. The smallest increase was in Transportation and storage, where it went from 20 to 22 (10%).

New registration and insolvencies
  November   December–November  
  2015 2016 % 2014–2015 2015–2016 %
New registration            
Total 222 231 4 2,328 2,688 15
A Agriculture, forestry and fishing 5 6 20 86 99 15
C Manufacturing 7 6 -14 92 99 8
F Construction 30 24 -20 278 355 28
G Wholesale and retail trade; repair of motor vehicles and motorcycles 24 26 8 282 271 -4
H Transportation and storage 4 3 -25 45 61 36
I Accommodation and food service activities 17 13 -24 165 170 3
J Information and communication 15 20 33 168 202 20
K Financial and insurance activities 41 39 -5 350 371 6
L Real estate activities 38 40 5 349 404 16
M Professional, scientific and technical activities 21 19 -10 223 234 5
N Administrative and support service activities 11 23 109 163 274 68
Other activities 9 12 33 127 148 17
             
Insolvencies            
Total 35 100 186 618 1,010 63
A Agriculture, forestry and fishing 2 4 100 23 28 22
C Manufacturing 2 4 100 39 56 44
F Construction 7 14 100 124 176 42
G Wholesale and retail trade; repair of motor vehicles and motorcycles 11 18 64 103 202 96
H Transportation and storage 1 1 0 20 22 10
I Accommodation and food service activities 1 5 400 47 59 26
J Information and communication 4 9 125 32 63 97
K Financial and insurance activities 0 12 - 33 91 176
L Real estate activities 1 11 1,000 83 99 19
M Professional, scientific and technical activities 1 10 900 46 97 111
N Adminstrative and support service activities 4 6 50 33 54 64
Other activities 1 6 500 35 63 80

Statistics:
  New registration
  Insolvencies

 


  

Further Information

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

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