The total number of companies created in the second quarter of 2017 amounts to 25,178 as opposed to 26,591 which were created in the same period of 2016, representing a slight decrease of 5.3%.
This decrease took place in April (- 18%) due to Easter holidays. In May, however, the number of start-ups grew by 8.7%, compared to the previous year. Finally, in June the inter-annual variation has been light, declining by 4.1% the number of new companies over the month of June of last year.
All regions in Spain, except Madrid and the Balearic and Canary Islands reflect a decrease in the setting up of new companies this second quarter, as compared with last year. Note the case of the Canary Islands as the region with a greater increase (10.98%) in the number of new companies during the second quarter, followed by Madrid (3.02%) and the Balearic Islands (0.99%). Despite a general decline as compared to the previous year, Catalonia, Madrid and Andalusia are the regions where more companies are being set up, with over 4,000 new companies in the second quarter of the year.
On the contrary, Ceuta and Melilla, with falls of 92.31% and 100% respectively, are the regions which most have decreased their number of new companies during the months of April, May and June, followed by Aragon and La Rioja.
It has been reported that the construction and hospitality industries remain the ones with the highest rate of business creation.
Real estate development and construction, restaurants and hotels, and wholesale trade represent the economic activities with a greater number of new companies in this second quarter.
The highest annual growths, without taking into account holding activities, are found in other financial services, except for insurance and pension funds, with 38.80% increase and real estate rentals with 21.50% growth. The lowest growth was registered in non-specialised wholesale trade and road freight (as in the first quarter of the year), with falls of 28.61% and 26.12% respectively.
By size of new companies
With regard to the share capital of new Spanish company, during the second quarter of 2017 25,178 new companies required a share capital of 1106.1 million euros, 3.4% less than in the same period of last year, where the 26,591 new companies contributed a total capital of 1,145.2 million euros.
In the second quarter, the dissolution of companies grew by 2.3% versus the same period of the previous year, thus registering 4,506 winding ups against the 4.406 which were conducted in the months of April, May and June of 2016.
Luckily, in April (month of the second quarter with fewer winding ups) companies winding up dropped by 9.74% as compared to the 1,540 winding ups registered in April last year.
The reason for most winding ups is voluntary end, concentrating 82.6% of the total in the second quarter of the year.
In terms of provinces with increased winding ups, Madrid represents 28%, with 1,260 companies dissolved in the second quarter of the year, followed by Valencia that represents 6.7% with 302 companies and Málaga with 236 companies (5.2%).