London-based executive search and recruitment firm Norman Broadbent announced that it has raised £300,000 through the issue of secured loan notes, as the company enters the next stage of its growth plan. It also announced it has appointed Gary Browning as strategic advisor to its chief executive officer as well as a consultant and strategic advisor to the Board.

Browning's role at Norman Broadbent will be to provide advice and support in the areas of strategic opportunities, market and competitive developments and to assist in the execution of Norman Broadbent's growth plan. Browning previously worked with Penna Consulting and became CEO of the company in 2005 until its sale to Adecco.

"We are delighted to welcome Gary to Norman Broadbent,” Group CEO Mike Brennan said. “His significant experience and counsel will be of great value to the Board and me as we enter the next stage of our growth plan. We are ambitious for the Company and feel Gary not only understands that ambition, but can help us achieve it.

Earlier this year, the group reported a revenue decrease of 31.5% for the full year ended 31 December 2016 as well as significant restructuring of its business.

Norman Broadbent also announced that James Webber, Group CFO, has indicated to the Board that he intends to leave the company to pursue other business interests. Norman Broadbent has begun a process to find a successor, which is being led by the Group CEO Mike Brennan supported by Gary Browning and the Board. The succession planning process is already underway.

The company also announced that it has appointed WH Ireland Limited as its Nominated Adviser and Broker with immediate effect.

Note: The story was corrected from an earlier version which stated that Gary Browning was appointed as CEO.