REG - Norman Broadbent PLC - Q1 2026 Trading Update

Norman BroadbentAnnouncement

21/04/2026 07:00

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RNS Number : 2073B  Norman Broadbent PLC  21 April 2026

 

 

Norman Broadbent plc

("Norman Broadbent")

 

Q1 2026 TRADING UPDATE

 

Solid performance, investment in growth and FY26 expectations reiterated

 

Norman Broadbent (AIM: NBB), a leading Executive Search and Interim
Management firm, announces a trading update for the first quarter ended 31
March 2026 ("Q1").

 

Headlines

 

·      NFI of £2.2m for Q1 26 (Q1 25: £3.0m), reflects a solid trading
performance against a strong comparative period in 2025

·      Secured four net new fee earners through organic recruitment,
consistent with the objective to invest in growth by increasing fee-earning
capacity

·      Completed the acquisition of Society Limited in February 2026,
adding five additional full-time staff and broadening the Group's platform
capability

 

Kevin Davidson, CEO of Norman Broadbent, said:

"We started 2026 on the back of a record 2025 and with Q4 our strongest
quarter in over a decade. Q4 was bolstered by a very strong end to the year
with a material element of NFI we anticipated securing in January 2026 pulled
forward into December 2025. The monthly run-rate during Q1 markedly improved
after January. Together with our current visibility, this encouraging
performance underpins our confidence in a further year of NFI growth in FY26,
in line with our expectations. We remain of the view that progress this year
from one quarter to the next is likely to be non-linear and we obviously
continue to monitor events in the Middle East carefully.

 

Our strategic goals for 2026 are clear: investing in headcount growth and
developing the team to drive our fee-earner capacity; exploring options to
accelerate growth through M&A where it makes strategic and financial sense
to do so; and remaining laser focused on short term performance, exceptional
client delivery and leveraging our winning culture. The Society acquisition in
the quarter is consistent with our disciplined approach and complements our
organic recruitment in the quarter as we add capability, sector depth and
diversification.  We are making good progress in building a stronger business
and with our track record of navigating uncertainty we expect to make
continued progress in the year and years ahead."

 

Contacts:

 

 Norman Broadbent plc                                                   Via Gracechurch Group
 Kevin Davidson, CEO
 Mehr Malik, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)       +44 (0)20 7220 0500
 Julian Blunt, Seamus Fricker, Andrea Callaghan - Corporate Finance
 Jasper Berry, Matt Lewis - Sales / Corporate Broking

 Gracechurch Group (Financial Media & Investor Relations )              +44 (0)20 4582 3500
 Murdo Montgomery                                                       normanbroadbent@gracechurchpr.com (mailto:normanbroadbent@gracechurchpr.com)
 Tommy Bryson
 Anysia Virdi

 

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://url.avanan.click/v2/___http:/www.normanbroadbent.com___.YXAxZTpzaG9yZWNhcDphOm86OTdhMTRmYzIzZWY1YzM5MDNmNTdhN2E3NGVmZjI1OGI6NjpjYTk0OjY2MDg2Zjg4M2UxOTVmMGJiZDJkMTg4MTNhYjhhODAyNGRhZjkyMDIwNWMyZTE0YTRiOTZlNGIzZDNjMjU5N2Y6cDpU)

 

 

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