Norman Broadbent Navigates Market Challenges

Norman Broadbent (GB:NBB) has released an update.

Norman Broadbent PLC, an executive search and interim management firm, reported a revenue decrease of 18% and net fee income down by 13% in H1 2024 compared to H1 2023, but showed a strong improvement of 36% over H1 2022. Despite challenging market conditions and an exceptional previous year, the company has grown its fee earner headcount by 20%, improved technology platforms, and secured a new cost-effective London head office, positioning itself for recovery. Additionally, international projects contributed to 29% of H1’s net fee income, underscoring the firm’s expanding global footprint.

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