REG - Norman Broadbent PLC - AGM Statement

Norman BroadbentAnnouncement

22/05/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250522:nRSV6824Ja&default-theme=true

RNS Number : 6824J  Norman Broadbent PLC  22 May 2025

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

 Shore Capital (Nominated Adviser and Broker)       +44 (0)20 7408 4090
 Tom Griffiths / Tom Knibbs (Corporate Advisory)
 Henry Willcocks (Corporate Broking)

 Alma (Financial Communications Adviser)            +44 (0)20 3405 0205
 Rebecca Sanders-Hewett                             normanbroadbent@almastrategic.com (mailto:normanbroadbent@almastrategic.com)
 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.

 

www.normanbroadbent.com (https://www.normanbroadbent.com/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMSEEFAFEISEDI