New figures show hair and beauty businesses are booming

The number of businesses in the hair and beauty sectors has increased by 2% in 2018 compared to 2017, according to the latest official figures by the National Hairdressers Federation and the National Beauty Federation.

There are now 42,370 hairdressing, barbering and beauty businesses across the UK, with the greatest concentrations in London, the south east and the northwest. The vast majority are micro-businesses, with 93% employing less than 10 people, and 70% employing less than five people.

In the top 10 list of most popular business start-ups, barbershops took the top spot, followed by beauty salons at number two and nail salons at number five. Hair and beauty salons are showing growth, but the number of salons offering only hairdressing is starting to decline, with 217 more closing than opening in the last year.

Finally, the research revealed there has been drop of around 10,000 people working in the hair and beauty industry, down from 270,000 to 260,000.

97,000 work in beauty, which is almost entirely made up of females (94%), with young people making up almost two thirds (61%) of the workforce. 53% of people working in beauty are self-employed, similar to last year, and there has been an increase in part-time working from 43% to 52%.

For further information on the industry statistics, click here