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HomeLatest NewsBusiness creation accelerates by 15% in January and competitions fall by 23.2%

Business creation accelerates by 15% in January and competitions fall by 23.2%

Date: April 12, 2024 Time: 18:12:08

The incorporation of companies during the month of January increased by 14.9% compared to the same month of the previous year. Specifically, 10,885 companies were created, according to the ‘Commercial Registry Report’, published this Monday by the College of Registrars. According to the study, the autonomous communities of Andalusia, Catalonia and Madrid together constituted 60% of the companies created.

Specifically, Andalusia registered the creation of 1,917 companies, while in Catalonia a total of 2,163 were registered and in Madrid, 2,177. Constitutions in January increased in almost all of Spain, with the exception of La Rioja, where they decreased by 18.2%. The largest increases were recorded in Ceuta and Melilla (46.2%), followed by Aragón (39.5%) and Navarra (38.6%).

For its part, the report reflects that capital increase operations registered in commercial registries increased 8.1% in January, up to a total of 3,858 operations. As explained by the registrars, in 2023 there will be a positive and stable quarterly evolution, with specific exceptions in some specific months, and a slowdown in the fourth quarter.

Bankruptcies fall

Regarding the number of bankruptcy proceedings registered in the commercial registries in January, the figure rose to 282, which represents a decrease of 23.2% compared to the same month of the previous year. The communities of Catalonia, with 86 filed , Valencian Community (37) and Madrid (29), together showing more than half of the contests presented.

Regarding the distinction between voluntary and necessary contests in January, the former totaled 218 registrations, 14.2% less compared to the same month of the previous year, while the necessary ones were 64, with an annual decrease of 43.4% in January. According to the registrars, widespread declines are observed during 2023 when compared to the previous year, when the end of the bankruptcy moratorium caused a significant increase in bankruptcy proceedings, especially in the fourth quarter, with an increase of 42.2%. .

“The declines in 2023 have increased significantly starting in the fourth quarter and in the advance of January of this year, the declines continue, at rates above double digits,” the registrars point out.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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