The number of new companies created in Spain rose 3.2% during February, compared to the same month in 2011, according to figures released by the Instituto Nacional Estadística (INE).
However, the number of companies dissolved increased by 10.9%.
8,214 mercantile companies were created in February, 3.2% more than in the same month of 2011, and 3.3% more than in January 2012. The capital subscribed for their constitution exceeded 551 million euros, 87.6% more than in February the previous year. The average capital subscribed (67,130 euros) registered an interannual increase of 81.8%.
On the other hand, 3,892 mercantile companies increased their capital in February, 12.9% more than in the same month of 2011. The capital subscribed in the increases registered an interannual increase of 9.1%, and exceeded 4,531 million euros. The average capital subscribed in these transactions (1,164,304 euros) recorded a decrease of 3.4%.
The number of companies dissolved in February was 2,245, indicating an interannual increase of 10.9%. Of these, 76.9% did so voluntarily, 7.9% due to mergers and the remaining 15.2% for other reasons.
Results by type of company
26.8% of the mercantile companies created in the month of February corresponded to Construction and property development and 19.2% to Trade.
Out of the total mercantile companies created in the month of February, 99.5% were private limited companies and 0.5% were public limited companies. Out of the total companies that increased their capital, 91.1% were private limited companies and 8.9% were public limited companies.
95.0% of the capital registered by the mercantile companies created was subscribed by private limited companies, and 5.0% by public limited companies. Regarding the capital subscribed in capital increases, 54.6% corresponded to private limited companies, and 45.4% to public limited companies.
The interannual rate of the number of public limited companies decreased 21.4% in February. In turn, the rate of private limited companies increased 3.4%. Considering the companies that increased their capital, the number of public limited companies registered an interannual increase of 9.5%, and private limited companies increased 13.5%.
The capital subscribed by the public limited companies created increased 6.0%, while the capital subscribed by private limited companies increased 95.5%. As per the capital subscribed by the companies increasing their capital, the interannual rate for public limited companies increased 15.6%, and the rate for private limited companies 4.2%.
Results by Autonomous City and Community
Comunidad de Madrid presented the greatest average capital subscribed by the mercantile companies created in February, with 114,808 euros. In turn, La Rioja registered the least average capital subscribed (8,256 euros).
Cantabria recorded the greatest average capital subscribed by companies increasing their capital (2,788,711 euros), while La Rioja recorded the least average capital subscribed (242,286 euros).
Out of the total capital subscribed in the creation of mercantile companies during the month of February, Comunidad de Madrid accounted for the highest percentage (35.2%), while La Rioja recorded the lowest percentage (with 0.1%).
Regarding the total capital subscribed by the mercantile companies increasing their capital, Comunidad de Madrid registered the highest percentage (32.6%), while La Rioja recorded the lowest (0.1%).
The full press release can be downloaded from INE here: Mercantile Companies Statistics – February 2012.