Preliminary Results

Hansom Group PLC
25 July 2000


Preliminary announcement of results for the year ended 31st March 2000

The Group results for the year ended 31st March 2000 show a consolidated
turnover and profit on ordinary activities before taxation of £1,625,000 and
£63,000 respectively.  Before exceptional items which mainly relate to the
disposal of Datacab Limited, the profit before tax for the period was £7,000. 
The turnover and loss before taxation in the previous year were £7,086, 000
and £11,000 respectively.  The earnings per share for the year were a loss of
0.58p (1999: 0.05p loss).  No dividend is proposed.

Datacab
On 14th July 1999 the Hansom Group disposed of Datacab Limited, its remaining
business, for a profit after tax of £1,273,000 before write back of goodwill
of £1,525,000 previously written off to reserves.

Reduction of share premium account to write off accumulated losses
During the year, following shareholders' approval, the High Court granted the
Hansom Group permission to reduce the adverse balance on the profit and loss
account to enable it to commence the payment of dividends out of future
profits.

Potential acquisition
Since Datacab's disposal the Board has been seeking a major acquisition to
reverse into the Company.

A large number of prospects have been investigated and pursued where
appropriate.  During this period, stockmarket hype made many prospects appear
superficially enticing.  A number were seriously considered but ultimately
judged unsuitable.

The Board is, however, mindful of the passage of time and the need to
consummate an attractive acquisition.  The return of relative normality to the
stockmarket is providing a more favourable climate to achieve this end.

Jonathan Mervis
Chairman

Consolidated Profit and Loss Account
for the year ended 31st March 2000


                                                          2000           1999
                                             Notes       £'000          £'000
                            
Turnover                            
Discontinued operations                                  1,625         7,086
                                                       -------       -------
Total turnover                                           1,625         7,086
Cost of sales                                           (1,385)       (5,971)
                                                       -------       -------
Gross profit                                               240         1,115
Net operating costs                                       (361)         (791)
                            
Operating (loss) on continuing operations                 (230)         (242)
Operating profit on discontinued operations                109           566
                            
Operating (loss)/profit                                   (121)          324
Exceptional item: profit/(loss) on sale of
subsidiaries - discontinued operations           2          56          (297)
                                                       -------       -------
(Loss)/profit on ordinary activities before 
interest                                                   (65)           27
Net interest receivable/(payable)                          128           (38)
                                                       -------       -------
Profit/(loss) on ordinary activities before 
taxation                                                    63           (11)
Taxation on profit/(loss) on ordinary activities          (292)          (10)
                                                       -------       -------
Loss for the financial year                               (229)          (21)
                                                       =======       =======
                            
Loss per Ordinary share       - basic            3       (0.58)p       (0.05)p

The Group has no recognised gains and losses other than the losses above and
therefore no separate statement of total recognised gains and losses has been
presented.

There is no difference between the profit/loss on ordinary activities before
taxation and the loss for the period stated above, and their historical cost
equivalents

Balance Sheets
as at 31st March 2000


                                                2000              1999
                                          Group   Company     Group   Company
                                 Notes    £'000     £'000     £'000     £'000
                                                        
Fixed assets                                                        
Tangible assets                               -         -       290         -
Investments                                 238       238       238     1,448
                                        -------   -------   -------   -------
                                            238       238       528     1,448
                                                        
Current assets                                                        
Stocks                                        -         -         3         -
Debtors                                     995       995     1,447       822
Cash at bank and in hand                  2,773     2,773       942       939
                                        -------   -------   -------   -------
                                          3,768     3,768     2,392     1,761
                                                        
Creditors: amounts falling
due within one year                        (338)     (338)     (658)      (96)
                                        -------   -------   -------   -------
Net current assets                        3,430     3,430     1,734     1,665
                                        -------   -------   -------   -------
Net assets                                3,668     3,668     2,262     3,113
                                        =======   =======   =======   =======
                                                        
Capital and reserves                                                        
Called up share capital              4      403       403       383       383
Share premium                        4    2,820     2,820     4,784     4,784
Profit and loss account              4      445       445    (2,905)   (2,054)
                                        -------   -------   -------   -------
Equity shareholders' funds                3,668     3,668     2,262     3,113
                                        =======   =======   =======   =======

Consolidated Cash Flow Statement
for the year ended 31st March 2000

                                                          2000           1999
                                                         £'000          £'000
                     
Net cash inflow from operating activities                  819            484
                                                       -------        -------
                     
Returns on investments and servicing of finance                     
Interest received                                          112              7
Interest paid                                                -            (16)
Interest element of hire purchase obligations                -            (29)
                                                       -------        -------
                     
Net cash inflow/(outflow) from returns on
investments and servicing of finance                       112            (38)
                                                       -------        -------
                     
Capital expenditure and financial investment                     
Purchase of tangible fixed assets                            -           (108)
Sale of tangible fixed assets                                -            163
                                                       -------        -------
                     
Net cash inflow from capital expenditure and
financial investment                                         -             55
                     
Acquisitions and disposals                     
Disposal of subsidiary/operations                          944            922
Cash disposed of with subsidiary                          (154)           (32)
                                                       -------        -------
Net cash inflow from acquisitions and disposals            790            890
                                                       -------        -------
Cash inflow before financing                             1,721          1,391
                                                       -------        -------
                     
Financing                     
Issue of shares for cash                                   110              -
Principal payment under hire purchase obligations            -           (411)
Repayment in respect of factored receivables                 -           (170)
                                                       -------        -------
Net cash inflow/(outflow) from financing                   110           (581)
                                                       -------        -------
Increase in cash in year                                 1,831            810
                                                       =======        =======

Reconciliation of net cash flow to movement in net funds


                                        2000       2000       1999       1999
                                       £'000      £'000      £'000      £'000
                                                 
Increase in cash in period             1,831                   810            
 
Cash outflow from decrease in
debt and hire purchase financing           -                   833            
                                     -------               -------
                                                 
Change in net funds resulting
from cash flows                                   1,831                 1,643
                                                -------               -------
Movement in net funds in period                   1,831                 1,643
Net funds/(debt) at 1st April 1999                  942                  (701)
                                                -------               -------
Net funds at 31st March 2000                      2,773                   942
                                                =======               =======


Notes:

1. The financial information is derived from the Company's unaudited statutory
accounts for the year ended 31st March 2000 and the audited statutory accounts
for the year ended 31st March 1999.  The auditors' report for the year ended
31st March 1999 was unqualified and did not contain a statement under Section
237(2) or (3) of the Companies Act 1985.  The statutory accounts for 1999 have
been filed with the Registrar of Companies and the 2000 accounts will be filed
following the Annual General Meeting.

2. The exceptional profit of £56,000 in the year ended 31st March 2000 relates
to the disposal of Datacab Limited £40,000 and additional consideration in
connection with Richmond Road Cab Centre Limited £16,000.

3. The calculation of earnings per share on the net basis is based on the loss
on ordinary activities after taxation, namely loss £229,000 (1999: loss
£21,000) and on 39,065,809 (1999: 38,289,858) Ordinary Shares, being the
weighted average number of Ordinary Shares in issue and ranking for the
dividend during the year.  All share options granted as at 31st March 2000 are
non-dilutive.

4. Called up share capital and share premium

Group and company                                        Called up      Share
                                                     Share capital    Premium
                                                             £'000      £'000
                     
At 1 April 1999                                                383      4,784
Shares issued during the year                                   20         90
Amount transferred to profit and loss account                    -     (2,054)
                                                           -------    -------
At 31 March 2000                                               403      2,820
                                                           =======    =======
                     
Profit and loss account                                      Group    Company
                                                             £'000      £'000
                     
At 1 April 1999                                             (2,905)    (2,054)
(Loss)/profit for the year                                    (229)       445
Write back of goodwill previously written off to reserves     1,525          -
Amount transferred from share premium account                2,054      2,054
                                                           -------    -------
At 31 March 2000                                               445        445
                                                           =======    =======
                     

5. Copies of this announcement are available from the Company's registered
office at Cumberland House, 80 Scrubbs Lane, London NW10 6RF.  The full Annual
Report and Accounts will be posted to shareholders in due course.


Contact:

Jonathan Mervis, Chairman                                       020 8964 1254