INSIGHTS - OCTOBER 2024

UK Recruitment Industry

UK Recruitment Industry Information

The recruitment industry involves listing employment opportunities and referring or placing applicants for temporary or permanent employment and the provision of human resources functions.

Active Businesses

40,898

Annual Sales

£100bn +

Employees

923,777

Economic Contribution 

£44bn

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Location of Recruitment Companies

Recruitment Companies by Size

68% Micro

25% Small

5% Mid

2% Large

0% Mega

Recruitment Companies by Age

32% Startup

32% Young

24% Established

9% Mature

3% New

Fastest Growing Recruitment Companies

40% Declining

23% Rapid

14% Healthy

13% High

9% Low

Recruitment Industry Competitive Environment - New Entrants vs Leavers

Recruitment Industry Valuation

EBITDA Multiple

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Recruitment Industry Valuation

Turnover Multiple

Data only available to Pomanda Pro subscribers.

Recruitment Industry Valuation

Net Asset Multiple

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Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Employment activities Industry Insights

There are 40,898 active Businesses in the UK with combined annual sales of £100 billion .

The Industry employs around 923,777 people and contributes £44 billion to the economy.

The most popular location for Recruitment companies is London with 12,961 and the fewest are located in Northern Ireland with 336.

The largest Recruitment company is Paystream My Max Limited with a turnover of £2.4bn. 68% of the industry is comprised of Micro companies with only 5% Mid companies.

9% of the Recruitment Industry is made up of 9% Mature but the majority are Startup businesses (32%) the oldest company is The Papworth Trust founded in 1917.

Recruitment industry has a number of high growth companies (13%), the fastest growing company is Paystream My Max 3 Limited with a 3 year growth rate of 169%. Other fast growing companies include Multiverse Group Limited (111%), Greenstaff Medical Limited (102%) and Paystream My Max Limited (94%).

The UK Recruitment Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 9.06x, Turnover multiple of 0.60x and a Net Asset multiple of 2.18x.