Number of New Companies Up 30.5% in April

According to data published on Thursday by the National Statistics Institute, 8,938 new companies were created in Spain in April, representing an increase of 30.5% over the same month in 2012. This is the second increase so far this year, after February’s rise of 3.2%.

The capital subscribed for their establishment increased by 161.3% year-on-year and exceeded 724 million euros. The average capital subscribed increased by 100% and reached 81,066 euros.

In addition, El Economista reported that a further 2,945 corporations chose to increase their capital in April, which is 16.4% more than the same month of 2012. The capital subscribed in these expansions also rose, by 37.6% year-on-year, to 3,324 million euros, while the average capital subscribed in these operations was 1,128,997 euros, representing an increase of 18.3%.

22.3% of the companies created in April corresponded to trade, while 19.1% related to the construction sector. Following these, in order of priority, were professional and real estate activities, then financial and insurance, which grew by 12.2% and 9.3%, respectively.

The regions with the highest number of companies created in April were Madrid, with 1,935, and Catalonia, with 1,635. By contrast, the regions where the fewest companies were created were La Rioja (39) and Cantabria (78).

On the negative side, in the fourth month of the year a total of 2,090 businesses were forced to dissolve, representing an increase of 47.8% year-on-year. From this total, 69.1% did so voluntarily, 5% were via mergers and 25.9% for other reasons.

Madrid and Andalusia were the regions which recorded the highest number of dissolved companies, with 504 and 327, respectively.