UK financial services recovery could benefit those starting a recruitment company.

Total Back Office Solutions can give you recruitment agency formation advice

Companies searching for recruitment agency formation advice will be glad to hear that activity in UK financial services grew in the last three months at the fastest rate since September 2007, new figures show.

According to the Confederation for British Industry (CBI)/PwC Financial Services Survey, this was the sector's fourth consecutive quarter of improving profitability, although firms expect this to level off in the coming three months.

Over the next quarter, a balance of +63 per cent of companies expects an increase in business volumes, which is the most positive expectation since December 1993 when +65 per cent was recorded.

Commenting on the news, CBI deputy director-general John Cridland explained that the meek improvement fell short of expectations. However, he added that "firms hope that activity will strengthen over the coming quarter and are now planning to expand their staff numbers".

Those who start a recruitment company may want to consider outsourcing back office solutions to an agency, which can take care of issues such as payroll management and invoices.