Number of recruitment companies has grown by 500% in 20 years

(2 minutes to read)

Recruitment growth has increased particularly rapidly over the last decade, with 84% of company registrations taking place from 2008 to 2018.

Latest data compiled by the APSCo found that since 1999, the number of recruitment companies in the UK has grown by a significant 500%.

According to a comparative analysis undertaken for the International Confederation of Private Employment Agencies by Deloitte, there were an estimated 6,500 private employment businesses in the UK in 1999.

However, in 2019, there are 39,232 recruitment agencies trading in the UK, according to figures from Companies House. This growth has increased particularly rapidly over the last decade, with 84% of company registrations taking place from 2008 to 2018. In fact, in 2018 alone, 8,488 agencies were registered with Companies House.

Ann Swain, Global CEO at APSCo, commented, “It’s fantastic to see the continued growth of the staffing sector, which has been flourishing despite the rise of job boards and social media– which many felt would negatively impact recruitment firms. At APSCo, we’re proud to have played our part in supporting the sector over the last 20 years.”

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“With a change to working attitudes and cultures, the fourth industrial revolution, and Gen Z entering the workforce – recruitment companies will need to be as agile and innovative as ever to ensure that they continue to add value and remain competitive for the next 20 years.”

“The fact that the sector has grown so much, and now employs over 115,000 people, makes it more important that high quality and standards are upheld across the board. At APSCo, we have made great strides in ensuring the professionalisation of the sector – introducing the first ever Executive MBA in Human Capital for example, and will continue to do so for the next two decades, and beyond.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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