11 March 2015 Mercantile Companies Statistics January 2015. Provisional data 8,229 mercantile companies are created in January, 8.2% less than in the same month of 2014, and 2,882 are dissolved, 12.3% less The Autonomous Communities with the greatest business dynamism1 are Illes Balears (16.2%), Comunidad Foral de Navarra (15.5%) and Aragón (14.9%) 8,229 mercantile companies were created in January, that is, 8.2% less than in the same month of 2014. The capital subscribed for their constitution exceeded 586 million euros, representing an increase of 10.3%. The average capital subscribed (71,291 euros) increased 20.2% in its annual rate. On the other hand, 4,006 mercantile companies increased their capital in January, 8.2% less than in the same month of 2014. The capital subscribed in the increases dropped by 13.3%, and exceeded 5,057 million euros. The average capital subscribed in these transactions (1,262,408 euros) decreased 5.6% in its annual rate. The number of companies dissolved in January was 2,882, 12.3% less than in the same month of the previous year. Among these, 78.8% did so voluntarily, 7.6% due to mergers and the remaining 13.6% for other reasons. Mercantile companies created, increasing their capital and dissolved. January 2015 Total Mercantile companies created Number Capital subscribed (thousands of euros) Average capital subscribed (euros) Mercantile companies increasing their capital Number Capital subscribed (thousands of euros) Average capital subscribed (euros) Mercantile companies dissolved Number - Voluntary - Merger - Other % Variation Monthly Annual Annual accumulated 8,229 9.9 -8.2 -8.2 586,652 -58.8 10.3 10.3 71,291 -62.5 20.2 20.2 4,006 47.7 -8.2 -8.2 5,057,207 32.3 -13.3 -13.3 1,262,408 -10.4 -5.6 -5.6 2,882 18.7 -12.3 -12.3 2,272 28.9 -11.1 -11.1 219 -28.7 -18.6 -18.6 391 9.5 -14.8 -14.8 1 Business dynamism: Performance of the number of mercantile companies, as the annual variation rate of the incorporation of mercantile companies. MC – JANUARY 2015 (1/ 7) Performance of the monthly rate In order to contribute to the analysis and interpretation of the data, the following chart shows the variation in the number of mercantile companies created and dissolved between December and January in the last five years. In 2015, the monthly variation of the number of companies created was 9.9% and that of the companies dissolved was 18.7%. Performance of the monthly rate of mercantile companies created and dissolved (January 2015 variation is compared with December 2014) 50 40 30 20 10 0 39.0 25.8 40.8 40.7 36.9 27.9 20.5 18.7 15.0 2011 9.9 2012 2013 Created 2014 2015 Dissolved Results by main economic activity 22.8% of the mercantile companies created in the month of January corresponded to Trade and 15.2% to Construction. Regarding the dissolved companies, 22.5% corresponded to Trade and 19.0% to Construction. % mercantile companies created by main economic activity. January 2015 Trade Construction & property develop. Profes, scientific & technical actv. Real state, financ & insurance actv Accommodation and catering Industry and energy Other services Information and communications Adm. and support service actv. Transport and storage Agriculture and fishing 22.8 15.2 11.9 11.2 9.2 7.8 7.5 4.2 4.0 3.6 2.6 % mercantile companies dissolved by main economic activity. January 2015 Trade Construction & property develop. Profes, scientific & technical actv. Real state, financ & insurance actv Industry and energy Other services Adm. and support service actv. Accommodation and catering Information and communications Transport and storage Agriculture and fishing 22.5 19.0 12.1 10.1 9.6 9.0 6.6 4.5 3.8 1.9 0.9 MC – JANUARY 2015 (2/ 7) The economic activity with the greatest net balance of mercantile companies created was Trade, with 1,236 new companies. On the contrary, Administrative and support service activities registered the lowest net balance, with 143 companies created. Net balance of mercantile companies created by main economic activity. January 2015 Trade Construction and property development Professional, scientific and technical activities Real state, financial and insurance activities Accommodation and catering Industry and energy Other services Transport and storage Information and communications Agriculture and fishing Administrative and support service activities 1,236 700 631 628 625 370 356 242 232 184 143 The economic activity with the greatest capital subscribed of the mercantile companies created was Real state, financial and insurance activities, with 319.03 million euros. In turn, Information and communications presented the lowest capital subscribed, with 4.19 million euros. Capital subscribed of mercantile companies created by main economic activity (thousands of euros). January 2015 Real state, financial and insurance activities Construction and property development Agriculture and fishing Trade Accommodation and catering Professional, scientific and technical activities Administrative and support service activities Industry and energy Other services Transport and storage Information and communications 319.029 76,351 43,549 37,564 27,032 25,887 17,878 16,162 9,808 9,200 4,192 MC – JANUARY 2015 (3/ 7) Results by Autonomous Communities The Autonomous Communities with the greatest number of mercantile companies created in January were Comunidad de Madrid (1,672), Cataluña (1,661) and Andalucía (1,397). Conversely, the Autonomous Communities where less mercantile companies were created were La Rioja (34), Comunidad Foral de Navarra (67) and Cantabria (76). Regarding the dissolved mercantile companies, the Autonomous Communities that presented the highest number of dissolutions were Comunidad de Madrid (729), Andalucía (449) and Cataluña (304). In turn, those with the lowest number of dissolutions were Comunidad Foral de Navarra (seven), La Rioja (26) and Cantabria (27). Mercantile companies created and dissolved by Autonomous Communities. January 2015 Created Number TOTAL Andalucía Aragón Asturias, Principado de Balears, Illes Canarias Cantabria Castilla y León Castilla - La Mancha Cataluña Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La % Annual variation Dissolved Number % Annual variation 8,229 -8.2 2,882 -12.3 1,397 -8.8 449 1.4 170 14.9 114 5.6 121 7.1 63 -7.4 272 16.2 108 -22.9 295 -0.3 118 -25.3 76 13.4 27 -12.9 251 -9.7 139 -18.2 244 4.7 73 37.7 1,661 -7.4 304 -7.3 992 1.6 228 -23.2 114 14.0 38 -24.0 350 -18.4 207 -16.5 1,672 -17.2 729 -14.1 256 -1.5 36 -16.3 67 15.5 7 -77.4 244 -30.3 213 -10.5 34 -39.3 26 -3.7 MC – JANUARY 2015 (4/ 7) In terms of annual rates of the number of mercantile companies created, Illes Balears (16.2%), Comunidad Foral de Navarra (15.5%) and Aragón (14.9%) recorded the highest rates. In turn, La Rioja (–39.3%), País Vasco (–30.3%) and Galicia (–18.4%) registered the greatest decreases. Regarding the mercantile companies dissolved, Castilla-La Mancha (37.7%), Aragón (5.6%) and Andalucía (1.4%) were the only Autonomous Communities to register positive rates. In turn, the Autonomous Communities registering the lowest annual rates were Comunidad Foral de Navarra (–77.4%), Canarias (–25.3%) and Extremadura (–24.0%). Annual variation in mercantile companies created by Autonomous Communities. January 2015 Annual variation in mercantile companies dissolved by Autonomous Communit. January 2015 Balears, Illes 16.2 Navarra, Comunidad Foral de 15.5 Aragón 14.9 Extremadura 14.0 Cantabria 13.4 Asturias, Principado de 7.1 Castilla - La Mancha 4.7 Comunitat Valenciana 1.6 Canarias -0.3 Murcia, Región de -1.5 Castilla - La Mancha 37.7 Aragón 5.6 Andalucía 1.4 Rioja, La -3.7 Cataluña -7.3 Asturias, Principado de -7.4 País Vasco -10.5 TOTAL -12.3 Cantabria -12.9 Madrid, Comunidad de -14.1 Murcia, Región de -16.3 Cataluña -7.4 TOTAL -8.2 Galicia -16.5 Andalucía -8.8 Castilla y León -18.2 Castilla y León -9.7 Balears, Illes -22.9 -23.2 Madrid, Comunidad de -17.2 Comunitat Valenciana Galicia -18.4 Extremadura -24.0 Canarias -25.3 País Vasco Rioja, La -30.3 -39.3 Navarra, Comunidad Foral de -77.4 MC – JANUARY 2015 (5/ 7) Mercantile Companies Statistics January 2015. Provisional data MC. 1 Mercantile companies created Capital in thousands of euros General total* Number Capital Subscribed Disbursed Public limited company Number Capital Subscribed Disbursed Private limited company Number Capital Subscribed Disbursed TOTAL 8,229 586,652 581,769 51 29,309 24,426 8,175 557,309 557,309 Andalucía Aragón Asturias, Principado de Balears, Illes Canarias 1,397 170 121 272 295 76 251 244 1,661 992 114 350 1,672 256 67 244 34 4 9 111,336 13,715 4,554 11,560 9,472 2,404 5,995 9,203 88,665 103,803 11,240 22,105 129,555 12,011 4,243 13,093 33,568 14 118 111,201 10,133 4,554 11,515 9,382 2,404 5,995 9,203 88,530 103,803 11,240 22,060 128,705 12,011 4,243 13,093 33,568 14 118 4 1 0 2 3 0 0 0 8 1 0 4 26 2 0 0 0 0 0 360 4,777 0 120 180 0 0 0 560 60 0 762 22,136 353 0 0 0 0 0 225 1,194 0 75 90 0 0 0 425 60 0 717 21,286 353 0 0 0 0 0 1,393 169 121 270 292 75 251 244 1,652 991 114 346 1,645 254 67 244 34 4 9 110,976 8,938 4,554 11,440 9,292 2,375 5,995 9,203 88,104 103,743 11,240 21,343 107,415 11,658 4,243 13,093 33,568 14 118 110,976 8,938 4,554 11,440 9,292 2,375 5,995 9,203 88,104 103,743 11,240 21,343 107,415 11,658 4,243 13,093 33,568 14 118 Cantabria Castilla y León Castilla - La Mancha Cataluña Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La Ceuta Melilla MC. 2 Mercantile companies that increase capital and are dissolved Capital in thousands of euros Increase capital General total* Number Capital TOTAL Andalucía Aragón Asturias, Principado de Balears, Illes Canarias Cantabria Castilla y León Castilla - La Mancha Cataluña Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La Ceuta Melilla Public limited companies Number Capital Private limited companies Number Capital Dissolved Total Voluntary Number Number Merged Number Other Number 4,006 5,057,207 293 2,532,855 3,713 2,524,352 2,882 2,272 219 391 523 115 80 91 139 31 109 98 862 379 55 195 975 129 43 152 24 5 1 267,045 314,702 72,369 86,596 49,785 841,473 48,659 107,727 625,070 316,667 12,175 147,603 1,885,741 76,992 26,526 171,826 5,453 790 7 20 18 10 4 6 6 15 4 54 15 1 12 99 1 4 18 6 0 0 4,036 275,081 16,781 2,926 11,652 753,150 18,292 1,123 71,299 14,723 65 47,797 1,173,340 28,000 10,979 101,591 2,020 0 0 503 97 70 87 133 25 94 94 808 364 54 183 876 128 39 134 18 5 1 263,009 39,621 55,588 83,671 38,132 88,324 30,368 106,604 553,771 301,944 12,110 99,806 712,401 48,992 15,547 70,235 3,433 790 7 449 114 63 108 118 27 139 73 304 228 38 207 729 36 7 213 26 1 2 365 93 57 101 107 26 114 44 190 167 32 169 598 19 2 163 22 1 2 20 5 2 2 8 0 13 20 20 11 2 16 63 4 1 32 0 0 0 64 16 4 5 3 1 12 9 94 50 4 22 68 13 4 18 4 0 0 * The general total includes collective societies and partnership companies MC - JANUARY 2015 (6/7) January 2015. Provisional data MC. 3 Mercantile companies that disburse installment payments on subscribed shares and companies that reduce capital Capital in thousands of euros Disburs. of install. paym. on sub. shares Number Disbursed capital TOTAL Andalucía Aragón Asturias, Principado de Balears, Illes Canarias Cantabria Castilla y León Castilla - La Mancha Cataluña Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La Ceuta Melilla 33 3 2 2 2 1 0 0 1 2 2 2 3 11 0 2 0 0 0 0 130,091 25,468 245 59 370 1,053 0 0 300 539 90 1,578 240 100,101 0 48 0 0 0 0 Reduce capital Number Subscribed capital 1,540 156 44 21 48 72 14 53 26 383 114 16 69 391 33 12 58 28 2 0 3,113,256 93,790 209,522 4,147 32,149 30,841 6,999 14,168 7,925 390,937 93,327 137,168 266,597 1,753,960 10,332 6,570 50,447 3,958 420 0 MC. 4 Mercantile companies created by type of company Capital in thousands of euros Total Number 2014 January February March April May June July August September October November December 2015 January 9,009 9,008 9,548 8,459 8,255 7,569 8,012 5,125 6,663 8,020 7,380 7,518 8,258 Mercantile companies Capital 583,455 1,042,469 477,320 291,343 389,195 355,983 378,452 263,515 386,376 666,382 1,208,227 1,423,744 587,649 Number 8,961 8,976 9,516 8,428 8,218 7,534 7,964 5,104 6,633 7,983 7,352 7,488 8,229 For further information see INEbase – www.ine.es/en/ Capital 531,635 1,040,376 475,832 290,515 388,539 355,717 377,479 262,986 384,806 666,035 1,208,124 1,423,553 586,652 Public limited labour companies Number Capital 3 0 2 3 3 0 3 2 0 2 0 1 0 Special companies and other agencies Number Capital 271 0 166 208 216 0 180 360 0 141 0 66 0 45 32 30 28 34 35 45 19 30 35 28 29 29 51,549 2,092 1,322 620 440 266 793 168 1,571 206 103 125 997 All press releases at: www.ine.es/en/prensa/prensa_en.htm Press Office: Telephone numbers: 91 583 93 63 / 94 08 – Fax: 91 583 90 87 – gprensa@ine.es Information Area: Telephone number: 91 583 91 00 – Fax: 91 583 91 58 – www.ine.es/infoine/?L=1 MC - JANUARY 2015 (7/7)