More than half of recruitment firms are worth less than they were last year, according to research from analyst Plimsoll.

The research shows that 359 companies in the UK recruitment industry have lost over a third of their value, while 628 companies are worth less than last year.
 
David Pattison, senior analyst at Plimsoll, says: “It’s not surprising that the value of companies has taken a pounding recently but the extent of the squeeze is striking. Only 365 companies managed to increase their value – a record low.
 
“A number of factors have affected values. As demand slackened and companies were inclined to protect their market share, many saw profitability fall as a result. Declining margins have been the biggest weight on values in the market. The 359 companies that have suffered 30% and more falls in their value have all seen their profit margins plunge too.”
                                           
Recruiterreaders are entitled to a £50 discount of this special edition of the Plimsoll Industry Analysis – Recruitment Agencies.

Call 01642 626400 for further details and quote reference PR/SV30.