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Norman Broadbent secures new loan facility

Norman Broadbent PLC (LON:NBB), the executive search group, has strengthened its balance sheet with a £250,000 six-year CBILS loan.

The funds can be drawn at any point before January 16 2021, with a 12 month interest-free period following drawdown, after which an interest rate of 4.75% per annum over Metro Bank’s base rate on the drawn down amount will apply.

Here, Norman Broadbent boss Mike Brennan talks to Proactive London about how the professional services company has navigated, survived and grown through the pandemic. Putting success down to a combination of tough restructuring decisions made by Mike when he took the reins four years ago and a holistic approach to employee health, Norman Broadbent certainly seems to have gone from strength to strength if the recent 15% upturn in their share price is anything to go by.

Quick facts: Norman Broadbent PLC

Price: 4.5275 GBX

LSE:NBB
Market: LSE
Market Cap: £2.5 m
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Norman Broadbent says pandemic has helped accelerate their stream-lining process

Norman Broadbent PLC's (LON:NBB) Mike Brennan talks to Proactive London's Katie Pilbeam about how the last six months has been for his professional services firm. As a business, Brennan explains how he 'runs towards gunfire' in such an environment and refuses to 'bunker down' with reference...

on 29/9/20

2 min read