Over 5,000 UK recruitment start-ups launched in 2015
Rising number of entrepreneurs starting recruitment businesses has seen UK become third biggest recruitment market globally after the US and Japan
5,110 recruitment start-ups launched in the UK in 2015, according to new research by Startups 100-listed company Sonovate.
The data, taken from Companies House, reveals a 144% increase on the 2,092 recruitment agencies launched in 2010 and suggests that entrepreneurs are increasingly looking to disrupt and capitalise on the burgeoning recruitment sector.
The UK is now the third biggest recruitment market globally, after the United States and Japan, with the industry turning over £31.5bn.
Richard Prime, founder and chief executive of Sonovate, said:
“The UK recruitment sector is growing faster than ever before and these figures are just the latest indication of the robust health of our industry.
“The way people work is changing. With the well-documented skills shortage more and more skilled workers now view contract work as both an attractive and lucrative form of employment.”
Excited by the industry growth and want to start your own recruitment agency? Read our guide here on how to start a recruitment business.