Interim Results

Readybuy PLC
28 January 2005


READYBUY PLC (the 'Company')

UNAUDITED INTERIM RESULTS
For the six months ended 31 October 2004

Chairman's Statement

During the period under review, the Company has successfully secured several new
listings for its products with supermarkets. We have also started to produce our
products in reasonable volumes and now distribute to a number of customers both
on a regional and national basis. Certain lines have been listed on a
promotional basis to build customer awareness.

Results

Turnover in the period under review was £139,000 producing a loss before tax of
£138,000 and a loss per share of 0.8p

As at 31 October 2004, the Group had net cash of approximately £51,000.

Our monthly cash burn has been substantially reduced during this same period.

Strategy

We continue to pursue our stated strategy of developing a top quality range of
chilled ready meals both in the retail and food service sectors. We also intend
to develop other products which will complement the existing portfolio.

Staff

As the business has grown, all our staff have worked extremely hard to meet
customer requirements and I would like to thank them for all their efforts

Prospects

Since the half-year, we have been working on several new listings which have not
yet been confirmed.  Accordingly, the Directors believe that the results for the
full year will fall below market expectations.

The board is currently reviewing its working capital requirements and may seek
to raise additional equity to invest further in the business and to fund the
Group through to profitability.

Colin Davies
Non Executive Chairman-


READYBUY PLC
GROUP PROFIT AND LOSS ACCOUNT
for the six months ended 31 October 2004

                                                             Unaudited           Audited         Unaudited
                                                              6 months            Period            Period
                                                                    to       29/04/03 to       29/04/03 to
                                                            31/10/2004        30/04/2004        31/10/2003
                                                                 £'000             £'000             £'000

Turnover
Continuing operations                                              139                19                 0

Operating loss
Continuing operations                                            (137)             (343)             (114)

Loss on ordinary activities before interest                      (137)             (343)             (114)

Net interest                                                       (1)                 0                 0

Loss before taxation                                             (138)             (343)             (114)

Taxation                                                             0                45                 0

Loss after taxation                                              (138)             (298)             (114)

Dividends                                                            0                 0                 0

Retained loss                                                    (138)             (298)             (114)

Loss per share
Basic and diluted                                               (0.8p)            (2.2p)            (1.2p)

Dividends per share                                                  0                 0                 0



READYBUY PLC
GROUP BALANCE SHEET
at 31 October 2004


                                                                     Unaudited          Audited        Unaudited
                                                                    31/10/2004       30/04/2004       31/10/2003
                                                                         £'000            £'000            £'000


Fixed assets
Goodwill                                                                   629              646              671
Tangible assets                                                            208              218              212
                                                                           837              864              883

Current assets
Stock                                                                       17                7                0
Debtors                                                                    116               82               52
Cash at bank                                                               276              429              659
                                                                           409              518              711

Creditors falling due within one year                                    (334)            (323)            (328)

Net current assets                                                          75              195              383

Total assets less current liabilities                                      912            1,059            1,266

Creditors falling due after one year                                      (16)             (25)             (46)

                                                                           896            1,034            1,220
Capital and reserves
Called up share capital                                                     90               90               90
Share premium account                                                    1,242            1,242            1,244
Profit and loss account                                                  (436)            (298)            (114)

Equity shareholders' funds                                                 896            1,034            1,220



   READYBUY PLC
   GROUP CASHFLOW STATEMENT
   for the six months ended 31 October 2004

                                                                   Unaudited         Audited     Unaudited
                                                                    6 months          Period        Period
                                                                          to        29/04/03      29/04/03
                                                                                          to            to
                                                                  31/10/2004      30/04/2004    31/10/2003
                                                                       £'000           £'000         £'000
   Operating loss                                                      (137)           (343)         (114)
   Depreciation and amortisation                                          33              82            42
   Movement in working capital                                          (17)           (146)         (163)

   Net cash outflow from operating activities                          (121)           (407)         (235)


   Net cash outflow from capital expenditure and
   financial investment                                                  (6)            (42)          (12)


   Purchase of subsidiary undertaking expenses and flotation               -           (272)         (270)
   expenses
   Overdraft, net of cash, acquired with subsidiary undertaking            -             (6)           (6)

   Net cash outflow from acquisitions and disposals                        -           (278)         (276)


   Net cash outflow before use of liquid resources and financing       (127)           (727)         (523)


   Repayment of term loans                                                 -           (220)         (220)
   Capital element of finance lease payments                            (25)            (19)           (8)
   Issue of ordinary share capital net of redemption                       -           1,169         1,169

   Net cash (outflow)/inflow from financing                             (25)             930           941

   (Decrease)/Increase in cash in the period                           (152)             203           418


   Analysis of net funds

   Cash at bank and in hand                                              276             429           659
   Overdraft                                                           (225)           (226)         (241)
                                                                          51             203           418

   Debt repayable by instalments:
   Due within one year                                                  (18)            (34)          (24)
   Due after more than one year                                         (16)            (25)          (46)
                                                                        (34)            (59)          (70)

                                                                          17             144           348
READYBUY PLC
INTERIM ACCOUNTS
for the six months ended 31 October 2004

Notes

               
          1    The unaudited results for the six month period have been prepared 
               on a basis consistent with the accounting policies disclosed in 
               the Group's 2004 accounts and do not constitute statutory 
               accounts within the meaning of Section 240 of the Companies Act 
               1985

          2    The figures for the period ended 30 April 2004 have been 
               extracted from the statutory accounts which have been delivered 
               to the Registrar of Companies and received an unqualified audit 
               report.

          3    The calculation of the loss per share for the period is based on 
               the loss after taxation divided by the average number of ordinary 
               shares in issue, being 17,994,010 (31 October 2003  9,295,367 and 
               30 April 2004 13,585,434).


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