1,744 companies dissolved in May
July 13, 2012 3 Comments
The National Institute of Statistics (INE) has released figures showing the number of companies dissolved in May increased by 20.6% on a year-on-year basis.
The number of mercantile companies created in May decreased0.9% compared to the same month of 2011.
8,031 mercantile companies were created in May, 0.9% less than in the same month of 2011, and 17.4% more than in April 2012. The capital subscribed for their constitution exceeded 398 million euros, representing an increase of 32.0% as compared with May of the previous year. The average capital subscribed (49,594 euros) registered an interannual increase of 33.2%.
On the other hand, 2,977 mercantile companies increased their capital in May, 15.4% less than in the same month of 2011. The capital subscribed in the increases registered an interannual decrease of 65.4%, and exceeded 2,669 million euros. The average capital subscribed in these transactions (896,619 euros) decreased 59.1%.
The number of companies dissolved in May was 1,744, indicating an interannual increase of 20.6%. Of these, 66.0% did so voluntarily, 5.0% due to mergers and the remaining 29.0% for other reasons.
Results by main economic activity and type of society
22.8% of the mercantile companies created in the month of May corresponded to Trade and 20.0% to Construction and property development.
Out of the total mercantile companies created in the month of May, 99.4% were private limited companies and 0.6% were public limited companies. Out of the total companies that increased their capital, 91.9% were private limited companies and 8.1% were public limited companies.
80.3% of the capital registered by the mercantile companies created was subscribed by private limited companies, and 19.7% by public limited companies. Regarding the capital subscribed in capital increases, 74.6% corresponded to private limited companies, and 25.4% to public limited companies.
The interannual rate of the number of public limited companies created in May decreased 2.1% and the rate for private limited companies 0.9%.
Considering the companies that increased their capital, the number of public limited companies registered an interannual decrease of 24.8%, and the rate for private limited companies 14.3%.
The capital subscribed by the public limited companies created decreased 62.7% and 26.1% in private limited companies. As per the capital subscribed by the companies increasing their capital, the interannual rate for public limited companies registered a decrease of 86.5 %, and a decrease of 25.7% in private limited companies.
You can read the full report here: Mercantile Companies Statistics - May 2012