logo-loader
viewNorman Broadbent PLC

Full interview: Norman Broadbent returns to full-year profitability after turnaround

Norman Broadbent (LON:NBB) saw its shares jump up as the professional services firm said its turnaround has continued, with the second half of 2019 proving better than the first.

CEO Mike Brennan came into Proactive London to explain how he's personally steered that turnaround alongside a highly-committed and capable management team. 

Brennan adds it's all been about diversification of the business, offering UK SMEs a suite of services so that all the Broadbent proverbial eggs aren't in just one basket.

"A turnaround and transformation of this scale is pleasing, particularly when many in our industry are referencing lower than anticipated UK trading and significant disruption ... due to political and Brexit uncertainty." says Brennan.

Quick facts: Norman Broadbent PLC

Price: 6 GBX

LSE:NBB
Market: LSE
Market Cap: £3.23 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Norman Broadbent PLC named herein, including the promotion by the Company of Norman Broadbent PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Norman Broadbent to emerge from pandemic 'stronger than ever' as it marks...

Norman Broadbent PLC's (LON:NBB) Mike Brennan tells Proactive the recruiter and management services group returned to profit in 2019. Revenues increased by 22% to £11.5mln while the group saw an £800,000 swing to a pre-tax profit of £84,000 from a loss of £741,000. Brennan says that while...

2 weeks, 2 days ago

2 min read