By Anthony O. Goriainoff

London-based professional-services firm, Norman Broadbent PLC, has announced an impressive increase in net fee income (NFI) for the second quarter and first half of the year. The company expects to report a rise in Ebitda for the first half compared to the previous year.

During the second quarter, NFI reached £2.7 million ($3.5 million), a significant improvement from £1.8 million recorded during the same period in 2022. For the entire first half, NFI surged by 57% to £5.2 million.

Norman Broadbent also forecasts that earnings before interest, taxes, depreciation, and amortization will exceed £250,000, a notable rise from £50,000 in the previous year.

The company’s Executive Search division experienced a remarkable 58% increase in NFI, amounting to £4.1 million.

Norman Broadbent remains optimistic about its future prospects, highlighting its robust contracted work pipeline with a value of £2.3 million for the upcoming third quarter.

“Despite challenging macro-economic conditions, we firmly believe that our company is strategically positioned in the right markets at an appropriate level to ensure sustained growth and success,” stated Chief Executive Kevin Davidson.

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