The UK employment within the activities of collection agencies and credit bureaus is forecasted to grow steadily from 2024 to 2028. In 2024, the sector is expected to employ 15.6 thousand full-time equivalents, increasing to 16.22 thousand by 2028. Over these years, employment is forecasted to grow at an approximate year-on-year rate of around 1% to 1.1%, with a Compound Annual Growth Rate (CAGR) across this period of approximately 1%. This suggests a stable, albeit moderate, rise in employment opportunities within the sector.

Future trends to watch for:

Technological advancements may improve efficiency, affecting labor needs by either reducing redundancy or necessitating new skill sets.
Regulatory changes could impact employment demand by either expanding or constraining business activities.
Economic conditions influencing consumer debt levels, potentially altering demand for collection services.