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NBB Norman Broadbent Plc

9.25
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Norman Broadbent Investors - NBB

Norman Broadbent Investors - NBB

Share Name Share Symbol Market Stock Type
Norman Broadbent Plc NBB London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 9.25 08:00:00
Open Price Low Price High Price Close Price Previous Close
9.25 9.25 9.25 9.25
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Industry Sector
SUPPORT SERVICES

Top Investor Posts

Top Posts
Posted at 25/4/2024 10:15 by 1focusrite
Disappointing market update - Q1 NFI down 12% - this was not the tone set during the recent investor presentation in March... announcing a £1.25m EBITDA target by 2025 in the quarter you know you are 12% down on NFI - an now yet again announcing more spend / significant additional headcount costs ....
Posted at 23/5/2023 11:35 by twodegrees
ah now I have remembered...

A list of Directors and Significant Shareholders and the percentage of their holdings is set out below:

Shares %
Ennismore Fund Management 10,560,888 17.08%
Mr Pierce Casey 8,795,243 14.23%
Moulton Goodies Limited 8,392,353 13.58%
Downing LLP 7,426,252 12.01%
Foresight LLP 3,840,620 6.21%
Mr Peter Searle (Director) 3,723,929 6.02%
Premier Miton Investors 3,151,660 5.10%
Mr Kevin Davidson (Director) 449,100 0.73%
Ms Fiona McAnena (Director) 201,555 0.33%
Posted at 26/7/2022 11:05 by 1focusrite
twodegrees, I don't think you can really benchmark higher vacancies in the jobs market against a firm like NB, they are not a high-street agency. What you can look at is the performance of competitor search and interim firms; many of whom are/have been reporting strong performances. 2022 has been a very strong year so far for most; NB have blown it after all the investment made to turn it around. I was disappointed to see yesterday that they have hired a Head of Marketing; which concerns me greatly as it would appear to be yet another non-fee earning leadership hire/overhead. I feel the reality is that the share price is going to do nothing but the same while NB is plodding along organically. The only way the share price and business is going to go anywhere is through a merger or being acquired; no investor in their right mind would put any more money into NB or extend any further loans as it stands....even Peter has filed this investment in the bottom draw by putting it into his pension.... My guess is that there was once a plan when Peter took it over and pushed the former CEO out; clearly his plan did not work or has not yet. The majority shareholders must be kicking themselves for letting this happen...2022 should have been the year they returned to strong profit.....
Posted at 15/7/2022 11:32 by 1focusrite
mr40, I don't have a line of sight on the KPI's, all I can see as an investor is the high-level strategy Peter seems to have had to roll Ducatus into NB from Airswift; and I hope it works out. I still have grave concerns that London is significantly sub-scale while the northern office and continued to grow under a previous (pre Peter era)team-hire/MD/aquisition? from a local competitor. The only KPI number I gauge are billing headcount. With NB now loosing Angela Hickmore too who built the Interim business under Brennan; I can only imagine the interim book is depleting fast with no one who really understands how to scale it! If they are going down the volume contractor route (note change of language in recent RNS shift from Interims to Contractor) then I would ask the question where are the hires to do that then??????....
Posted at 25/5/2022 17:41 by twodegrees
Pro active Investor report.

Norman Broadbent PLC (AIM:NBB) said it returned to strong growth in the final quarter of 2021 with the momentum continuing into 2022 so far.

The recruitment consultant's net fee income rose by 20% in the fourth quarter of 2021, with January to April this year seeing a 20% increase in search income alongside a 50% rise in recruitment staff.

Broadbent underwent a wholesale management change in 2021, with Peter Searle becoming chair in July, Keith Davidson joining as CEO in September and Sean Buchan becoming MD in November.

A new strategy has also been implemented, said Davidson, focused on acquisitions and greater concentration on high margin board and executive search business and expansion of the interim contractor book.

Davidson added: “Hiring and growth strategy is in the execution phase and in 2022 to date the number of fee earners has increased by 50% with considerable further opportunities for growth identified. We have seen the momentum from Q4 continue into 2022."

Revenues in 2021 dropped to £6.55mln from £7.82mln, with the group posting a pre-tax loss of £573mln.
Posted at 25/5/2022 17:39 by twodegrees
on uk investor site......

Norman Broadbent shares increased 4.1% to 6.7p in late afternoon trading, following a revenue decline to £6.5 million in its FY 2021 against £7.8 million year-on-year.

The professional services company announced a net fee income slide to £5.8 million compared to £6.2 million the last year, alongside an EBITDA before restructuring costs of £5,000 against £69,000.

Norman Broadbent highlighted an EBITDA post-restructuring costs loss of £308,000, which reflected the exit of former executive and leadership consulting team members.

The company had consolidated net assets of £836,000 against £1.1 million in 2020, with a net current liabilities loss of £505,000 compared to £504,000 the year before.

Otherwise, net cash outflow from operations was £446,000 from an inflow of £515,000 the last year, with net cash inflow from financing activities amounting to £607,000 against £492,000, including £372,000 linked to a successful subscription equity raise supported by the firm’s existing shareholders.

Norman Broadbent also confirmed £952,000 in 2021 compared to £577,000 in 2020 in funds drawn down against the revolving invoice discounting facility against UK trade receivables of £1.7 million from £1.4 million the previous year.

“While 2021 was a challenging year for Norman Broadbent, the appointment of a new Chair in July, my appointment as CEO in September and Sean Buchan as Group Managing Director in November has put the business on a very different and a much more positive trajectory,” said Norman Broadbent CEO Kevin Davidson.

“The new management team has implemented a new strategic plan, focussed on accelerated, sustainable and profitable growth through acquisition and development of quality fee earning talent in the UK and internationally, combined with greater concentration on high margin Board and Executive Search business and a continually expanding Interim contractor book.”

“The Board and I would like to thank the entire team for their dedication, our shareholders for their continuing support, and our clients for placing their trust in us. We look forward to the future together.”
Posted at 16/6/2021 10:40 by tankerton
It does look like NBB are drawing some investor interest and gaining traction.
Posted at 08/6/2021 18:38 by escapetohome
Nice to see some heavy weight investors here.
Posted at 08/6/2021 14:54 by tankerton
Today`s action showing just how undervalued NBB is and how far off the radar it is for most investors. An undervalued stock that has something that the bigger players in its sector want`s, that has director interest from those bigger players taking a stake in NBB. Takeover or partnership, take your pick.
Posted at 13/5/2021 16:16 by twodegrees
Recruitment platform, Hiring Hub, has appointed industry veteren Peter Searle as Chairman.

With over 30 years’ experience in the recruitment sector, Searle was the CEO of Adecco (UK & Ireland) for more than ten years, and Spring Group in between 2006 and 2009.

In addition to Hiring Hub, Searle is the Executive Chairman of Airswift and a Non-Executive Director of fellow Manchester-based recruitment tech company, Broadstone.

Hiring Hub is ranked among the UK’s top companies in the recruitment sector by independent review site Trustpilot. The marketplace is used by over 500 employers, including Deliveroo, Dyson and SSE, who use Hiring Hub’s network of vetted, rated and reviewed recruitment agencies to find quality candidates for hard-to-fill roles.

Based in Manchester’s Northern Quarter, Hiring Hub raised a further round of investment from existing investors Maven Capital Partners, VentureFounders, and Manchester Tech Trust Angels late last year, and is led by Founder and CEO, Simon Swan.

Swan said: “Peter is excited by our vision to place transparency and trust at the heart of recruitment. Our goal has always been to champion the value of recruitment agencies while using technology to facilitate better relationships between them and employers. Peter is right behind our mission, validating Hiring Hub’s ambition to make people feel good about recruitment.”

“Peter’s knowledge of both the recruitment industry and scaling companies is exceptional,” continued Swan. “He joins Hiring Hub at an exciting time. It has weathered the pandemic well and Peter supports the company’s plan to expand its products and services to further grow what is an enviable client base and recruiter community, capitalising on employers’ shift to web-based platforms.”

Searle, joins former N Brown boss Angela Luger and the ex-MD of Lorien PLC, Ian Brookes, on Hiring Hub’s Board as the company looks to use the recruitment sector’s Covid-accelerated transition to cloud-based recruitment platforms to its advantage.

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