Professional services firm secures multi-million pound funding facility to boost expansion

A London-based professional services firm has secured a multi-million pound funding line to support its plans for expansion.

Norman Broadbent Group has secured a £2m funding facility from Bibby Financial Services in order to accelerate growth and reach a wider client base.

The firm offers a range of integrated leadership acquisition & advisory services, including board & leadership search, senior interim management, research & insight, leadership consulting and assessment, and executive level talent solutions.

Mike Brennan, group CEO of Norman Broadbent Group, commented: “As an ambitious business, we have recently reviewed our strategic service providers to ensure we have the best partners in place to help us drive growth.

“Having reviewed a range of potential providers, it became apparent that BFS were well positioned to help us achieve our corporate growth goals thus benefiting our clients, shareholders, colleagues, and the company as a whole.”

Chris Farnworth, corporate manager at Bibby Financial Services, added: “Norman Broadbent has an unrivalled history and heritage as a provider of specialist services.

“Having spent significant time with Mike and his team, we understood the journey ahead and business trajectory hence structured a facility to best improve cash flow.

“BFS go to great lengths to ensure our clients view us as partners, rather than just financiers. We are delighted that Norman Broadbent has bought into our ethos and we look forward to joining them on the next stage of their journey.”