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.