The number of new companies increased 15.6% in the first quarter

The constitution of commercial companies in Spain experienced an increase in the first quarter of the year of 15.6% compared to the same period of 2020, reaching 27,855, according to the commercial statistics of the College of Registrars.

“This growth is preceded by a year affected by the pandemic, with sharp falls in the first half of 2020 and a moderate recovery in the last months of the year,” the registrars highlight in their report.

Only in the month of March the incorporations of companies soared 65%, up to 11,101 new companies, compared to the same month of 2020, marked by the outbreak of the pandemic, although a rise of 15.9% is also reflected when compared with March 2019.

By autonomous communities, in the first quarter, in relation to the same period of 2020, the creation of mercantile companies increased in all communities, especially in Cantabria (+ 41.6%), Murcia (+ 35.5%), Andalusia (+ 27.6%), Castilla-La Mancha (+ 27.5%), Extremadura (+ 25.8%) and the Balearic Islands (+ 22.2%). They only decreased in the autonomous cities of Ceuta and Melilla (-8.5%).

More companies in agriculture but less in hospitality and leisure

Regarding the activities, there are important increases, close to 20%, in the weight of the new companies dedicated to Agriculture, Livestock and Fishing, followed by Information and Communications, Commerce and Transportation, with increases all of them between 12% and the 14% compared to the previous quarter of the pandemic.

The growth of online commerce stands out, which is still high, 55% over a year earlier, but moderates in relation to growth in previous quarters in which it doubled its representation.

On the negative side, are the sectors that have suffered the most from the economic consequences of the health crisis, highlighting the Hospitality Industry, which fell by almost 21%, followed by activities that include, among others, artistic and entertainment activities, although the largest decrease would be that of other services, exceeding 21% less than a year earlier.

Capital increases and bankruptcies increase

For its part, in the first quarter there were 9,159 capital increases, an increase of 3.1% over the same period of the previous year. In terms of the amount of capital increased, 9,615 million euros were disbursed, 33.1% more than the same period in 2020.

For their part, there were 1,154 companies with serious financial difficulties, which registered bankruptcy between January and March, an increase of 15.3% compared to the same quarter of 2020.

As the registrars have explained, since the third quarter of 2019 there has been an increasing trend in contests, except for the second quarter of 2020, when there was a sharp drop of 59.3%, coinciding with the first state of alarm.

By autonomous communities, in the first quarter and with respect to the same period of 2020, tenders increased, especially in La Rioja (100%), Navarra (50%), Valencian Community (43.8%) and Aragón (40 , 0%). On the opposite side, they fell in three communities: Cantabria (-30.0%), followed by Andalusia (-13.1%), and Murcia (-12.5%).

Headquarters transfers between communities

Regarding the data confirming transfers of the registered office between different autonomous communities registered in the Mercantile Registry, among the communities from which they leave, Madrid stands out, with 401 departures, followed by Catalonia (254), Andalusia (126) and Valencian Community (100).

However, if the balance of entries and exits is compared, Catalonia stands out with a negative balance of 79 companies, and on the opposite side, Madrid, with a positive balance of 97 companies. The rest of the communities show greater diversity, showing a positive balance especially in Andalusia (24), Valencian Community (17) and Galicia (11).

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