The UK recruitment sector is displaying signs of recovery, according to independent invoice and asset based lender Venture Finance.

The survey of 1,000 UK accountants asked respondents to rate the extent to which their recruitment clients were under financial pressure, during the current economic conditions, using a scale of one for the most financial pressure and five for the least.

North-East recruiters scored an average of 3.26, Scotland came second with 2.75 and Wales third with 2.68 but the overall outlook for the sector, however, was positive with an average figure of 2.63.

Peter Ewen, managing director, Venture Finance, says: “It is good to see that overall, the recruitment industry is in a position to move out of the recession positively. Recruiters have certainly been at the sharp end, working to place a surplus of talent in a contracting market. However, there are cautious signs that the jobs market is picking up, and it is important to remember that there is life after a recession.

“For those feeling the financial pinch, invoice and asset based lending can help bridge the cashflow gap. Of course, such funding options are not confined only to the difficult times and recruiters can flourish using flexible invoice finance packages, which can grow in line with a firm’s success and deliver ongoing funding for growth.”