Popup Banner Revised

Join Our Exclusive Webinar!

Research Project Writing: Top Tips & Hints

Wednesday 29th May 2024, 2:00 PM (BST)

Over 5,000 recruitment start-ups launched in UK last year, research shows

Over 5,000 recruitment start-ups launched in the UK last year, according to research from Sonovate. 

This data comes after the Recruitment and Employment Confederation (REC) found that turnover in the recruitment industry increased by 9.7 per cent to £31.5 billion in 2015.


The company, which provides contract finance for small recruitment agencies, found that there has been a 144 per cent increase on the 2,092 recruitment agencies launched in 2010.

The increase in the number of entrepreneurs starting their own recruitment business has led to the UK becoming the third biggest recruitment market globally, after the US and Japan.

Sonovate founder and chief executive Richard Prime said that the UK recruitment sector is growing “faster than ever before”, and that this research is the latest indication of the “robust health” of the recruitment industry.


Prime went on to comment on the shortage of skills, stating that 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,” he said.

He added that this provides a “huge opportunity” for recruitment companies, but added that they need the right finance in order to achieve success.

Other News

The Most Common Characteristics of a Successful Entrepreneur

“The most successful entrepreneurs tend to start with a desire to solve an interesting problem – one that’s often driven…

Fintech entrepreneurs contributing to rise in young millionaires, figures show

Data from HM Revenue and Customs, that was provided to financial advice firm Salisbury House Wealth, has shown that the…

Start Up Loans delivers more than £100m to London businesses

The Start Up Loans Company (SULCo) has lent more than £100m to small businesses in London since its launch in…

Back to top