UK Businesses Expected to Increase in 2023, Boosting Demand for Bookkeeping Services

Posted March 22, 2023 by Justin_Ignatyeva

As the UK economy recovers and more businesses enter the market, it is evident that the demand for bookkeeping services will also increase.
[BECKENHAM, 22/03/2023] With the expected surge of businesses operating in the United Kingdom by 2023, bookkeeping service providers have a unique and timely opportunity to expand their client base. This influx of ventures could boost the industry, providing more potential for growth and profitability.

Over the last five years, the market size of the bookkeeping industry in the UK has grown steadily at an average of 6.7 percent per year. And according to recent forecasts, about 1.2 percent growth is expected in the bookkeeping industry market size for 2023. This figure exceeds that of previous years and is a positive indicator for professionals in the industry.

High Competition

With more businesses needing to maintain their accounts, bookkeepers are presented with an opportunity to increase their market share and customer base. However, the market is highly competitive, and bookkeepers must continue differentiating themselves with innovative services and techniques to stand out.

The Need for Quality Bookkeeping

Besides the expected rise in career demand, there is also mounting pressure for quality and accuracy when it comes to bookkeeping services. Many companies must adhere to specific regulations and standards, making it increasingly crucial for bookkeepers to offer efficient and accurate services.

This part is where finance recruitment consultancy specialists like Jennings Morton Friel Associates come in. These professionals work with businesses to recruit the right finance professionals, ensuring they have the right skills and knowledge to meet customer needs for success. This enables business teams to focus on other operational aspects, confident that their financials are in competent and experienced hands.

About Jennings Morton Friel Associates

Providing expert financial recruitment services since 2002, Jennings Morton Friel Associates have built a strong reputation over the years. With permanent and temporary talent solutions available, they provide a tailored service that meets each customer’s needs. Whether your business is looking for an experienced bookkeeper or someone to manage their accounts, Jennings Morton Friel Associates have the resources to ensure quality service delivery.

Learn more about Jennings Morton Friel Associates and the bookkeeping services they offer by visiting
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Issued By Jennings Morton Friel Associates
Country United Kingdom
Categories Business
Tags bookkeeping , bookkeeping services , bookkeeping demand
Last Updated March 22, 2023