The Norman Broadbent Group (AIM: NBB) is a leading Professional Services firm focussing on Talent Acquisition & Advisory Services. Since our formation nearly 40 years ago we have developed a range of complementary services consisting of Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting, and Solutions. With a range of services designed to meet customer needs at different stages in their growth or the economic cycle, our innovative and flexible approach enables us to help clients in a creative and bespoke way. By increasingly operating within sector 'hubs' as opposed to siloed service lines, we can service clients better and more collaboratively.

1. Norman Broadbent Plc
Registered address: Millbank Tower 21-24 Millbank London SW1P 4QP Company Registered Number: 00318267
Norman Broadbent Group plc
("Norman Broadbent", the "Company" or the "Group")
Results and Annual Accounts
The Norman Broadbent Group (AIM: NBB) is a leading Professional Services firm focussing on Talent
Acquisition & Advisory Services. Since our formation nearly 40 years ago we have developed a range of
complementary services consisting of Board & Leadership Search, Senior Interim Management, Research
& Insight, Leadership Consulting, and Solutions. With a range of services designed to meet customer needs
at different stages in their growth or the economic cycle, our innovative and flexible approach enables us
to help clients in a creative and bespoke way. By increasingly operating within sector 'hubs' as opposed
to siloed service lines, we can service clients better and more collaboratively.
The Board of Norman Broadbent Group is pleased to announce its results and annual accounts for the
year ended 31 December 2019.
Highlights
o Norman Broadbent Group returns to profit
o Revenue increase YOY by £2.1m (+22%)
o Net Fee Income (NFI) increased YOY by £1.0m (+14%)
o Group Profit before tax of £84k, an improvement of £0.8m from 2018
o Interim Management NFI increased by £0.8m (+51%) to £2.2m
o Solutions NFI increased by £0.6m (+53%) to £1.8m
o Executive Search NFI decreased by £0.4m (-11%) to £3.3m
o 23% of 2019 Group NFI generated via internal referrals evidencing collaborative business culture
o Further improved NFI mix evidences ongoing creation of a more balanced Group
Mike Brennan, Group CEO of Norman Broadbent Group said:
"Having posted a positive set of 2019 Group results, we came into 2020 with good momentum and plans
for further growth. We opened a new office in the North of England, relocated to better Central London
offices, and were actively seeking to appoint additional team members in both centres. Then, we, like many
businesses, were impacted by the Covid-19 pandemic.
The early and decisive actions taken by us, combined with our broader portfolio of services, leaves us better
placed to respond to these challenges than many. Similarly, our collaborative and innovative culture will
stand us in good stead when compared to more traditional and siloed competitors.
I and the Board would like to thank our shareholders for their continuing support, and our clients for
placing their trust in us. I would also like to pay tribute to our team, all of whom have made considerable
sacrifices in recent months. It is an honour to be their CEO, and I am proud of their achievements, much of
which is down to their hard work, dedication, and commitment."
For further information, please contact:
Norman Broadbent plc: Mike Brennan / Steve Smith 020 7484 0000
WH Ireland Limited: Adrian Hadden / Darshan Patel / Matthew Chan 020 7220 1666