The past 12 months have seen a significant increase in the number of new recruitment agencies being established in the UK, with the rate of growth in 2017 much higher than that recorded last year.
This is according to data gathered by ClearlyPR, which sent a Freedom of Information request to Companies House to find out exactly how many new recruiters registered with HMRC in 2017.
A total of 9,001 have been set up since January, the figures reveal, which equates to an average of 818 being established every month between January and November.
This huge growth therefore demonstrates that recruitment entrepreneurs are recognising the opportunities that can be gained from the growing contractor and freelancer segment of the UK's labour market. With more people choosing to work in this way and regularly move between assignments, there are more opportunities than ever for recruiters to offer their services to job hunters.
Overall, the number of new agencies established in 2017 is 28 per cent higher than the amount set up in 2016, when a total of 6,485 and an monthly average of 540 was recorded.
March 2017 was the busiest month for new recruiters to enter the market, with 1,208 agencies set up during this month alone. January was the second most popular month (1,132), followed by August (1,067).
Meanwhile, the first six months of the year saw 5,709 new recruiters setting up shop, in comparison to 4,297 in the second half of 2017.
Altogether, there are now believed to be 35,725 recruitment agencies throughout the whole of Britain.
Paul MacKenzie-Cummins, Managing Director at ClearlyPR, commented: "The dramatic rise in new agencies being started over the last year is testament to the overwhelmingly positive mood within the recruitment industry.
"Ambitious recruiters are not only seeing an increase in demand for the services of recruitment agencies, they're taking advantage of favourable market conditions and the opportunities these present for aspiring recruitment entrepreneurs."