Norman Broadbent Group plc receives multi-million funding line from Bibby Financial Services

Leading City professional services firm secures funding to fuel growth

Bibby Financial Services (BFS) has provided a multi-million funding line to Norman Broadbent Group plc (AIM: NBB), a leading London listed Professional Services firm, to support its expansion plans.

With a 40 year track record of successfully advising clients from long-standing corporations to high-growth challenger brands, Norman Broadbent offers a diversified portfolio of integrated Leadership Acquisition & Advisory Services. Specialisations include Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Talent Solutions. Norman Broadbent’s Group CEO, Mike Brennan, was recently recognised as being one of Europe’s leading Chief Executives by CEO Today magazine.

BFS is providing Norman Broadbent with a funding facility to help fuel further growth. The facility will free up working capital allowing the business to increase its market share and penetrate a wider range of clients.

Mike Brennan, Group CEO, Norman Broadbent Group Plc, said:

“As an ambitious business, we have recently reviewed our strategic service providers to ensure we have the best partners in place to help us drive growth. Having been through a successful transformation, we are now in growth mode so needed a strong partner, with a deep understanding of our business, who could help us unlock extra working capital.

“Having reviewed a range of potential providers, it became apparent that BFS were well positioned to help us achieve our corporate growth goals thus benefiting our clients, shareholders, colleagues, and the company as a whole.”

Chris Farnworth, Corporate Manager, Bibby Financial Services, said:

“Norman Broadbent has an unrivalled history and heritage as a provider of specialist services. Having spent significant time with Mike and his team, we understood the journey ahead and business trajectory hence structured a facility to best improve cash flow.

“BFS go to great lengths to ensure our clients view us as partners, rather than just financiers. We are delighted that Norman Broadbent has bought into our ethos and we look forward to joining them on the next stage of their journey.”

9 September 2019

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