22 May 2025
Norman Broadbent plc
("Norman Broadbent", the "Company" or the "Group")
AGM Statement
Norman Broadbent (AIM: NBB), a leading Executive Search and Interim Management firm, is holding its Annual General Meeting later this morning. At the meeting, its Chairman, Peter Searle, will make the following statement:
"Since announcing its record Q1 2025 Trading Update and FY 2024 Final Results on 2 April 2025, the Company has continued to perform very well, with trading to date in Q2 2025 being materially ahead of the equivalent period last year. This performance reflects the Company's ongoing discipline and agility in navigating challenging market conditions, underpinned by a strong and focused team and increased contribution from recent joiners.
At the end of April 2025, the Company significantly strengthened its financial position by repaying its outstanding £96k CBILs loan. Following this repayment, the Company's only borrowing is its invoice discounting facility.
Norman Broadbent remains focused on delivering sustainable, profitable growth. As part of this strategy, it continues to invest selectively to broaden its capabilities and support international expansion where opportunities arise. Earlier this month, it made its first overseas hire to support continuing growth across the Gulf Region, particularly in the UAE and Saudi Arabia. In addition, the Company continues to explore inorganic growth options.
While the pace of its progress will continue to be influenced by wider macro and market conditions, the Company remains well positioned to further advance its commercial and strategic objectives throughout the remainder of the year and beyond."
Contacts:
| Norman Broadbent plc | +44 (0)20 7484 0000 |
| Kevin Davidson, CEO | |
| Mehr Malik, CFO
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| Shore Capital (Nominated Adviser and Broker) | +44 (0)20 7408 4090 |
| Tom Griffiths / Tom Knibbs (Corporate Advisory) | |
| Henry Willcocks (Corporate Broking)
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| Alma (Financial Communications Adviser) | +44 (0)20 3405 0205 |
| Rebecca Sanders-Hewett | |
| Kinvara Verdon | |
| David Ison | |
About Norman Broadbent:
Norman Broadbent (AIM: NBB) is a professional services firm focused on executive search, senior interim management solutions and bespoke leadership advisory services working across the UK and internationally.
Established as the first UK-headquartered search firm in 1979, the firm has a 40+ year track record of shaping leadership across industries including Consumer, Financial Services, Industrials, Life Sciences, Investor and TMT.
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