StockMarketWire.com - Professional services firm Norman Broadbent said it had secured a £2.0m working capital facility from Bibby Financial Services to 'help fuel further growth'.

The facility replaced an existing one of £1.5m, on what the company said were more favourable terms.

It would also free up around £0.5m of additional working capital for the group.

'Having been through a successful transformation, we are now in growth mode and believe the additional working capital will continue to allow the Group to pursue its growth strategy,' chief executive Mike Brennan said.

'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.'

'We believe that BFS are well positioned to help us achieve our corporate growth goals thus benefiting our clients, shareholders, colleagues, and the company as a whole.'



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