Final Results

Prime People PLC
6 March 2001


                               PRIME PEOPLE PLC

  Operations: principally specialist recruitment of senior managers for the
     leisure industry, together with related training and interior design
                                  businesses

           PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000


                                  KEY POINTS

*    Sales up 38% to £ £4.7 million (1999: £3.4m)
*    Group profit before tax up 26% to £1.1m (1999: £0.87m)
*    Diluted earnings per share up 24% to 2.1p (1999: 1.7p)
*    Profits from the wholly owned subsidiaries up 52% over 1999
*    In view of special dividend paid in November 2000, the next dividend
     payment will be considered when interim results for 2001 are announced
*    The first half investment in Portfolio International, the group's major
     trading subsidiary which specialises in the recruitment of managers in the
     leisure industry, resulted in a strong performance in the second half
*    Portfolio Design International, established in April 1999 to provide
     interior design to the hospitality sector, won a prestigious award and is
     expected to contribute to operating profits in 2001
*    Harper Craven, the training subsidiary, increased turnover by 36% and
     continued growth is expected in 2001



Commenting on the results, chief executive David Coubrough said, 'We are
delighted to be able to report a very strong performance throughout the group.
Our management recruitment business Portfolio International is widely
recognised for its market leadership within the hospitality and leisure field
and we continue to win contracts to supply senior managers for many of the
most prestigious organisations in the sector. Our investment in this business,
completed in the first half of the year, immediately began to deliver,
resulting in a very strong second half performance. Equally, the quality of
our interior design business has been recognised by winning 'Best Hotel Suite
Design in Europe' at the European Design and Development Awards against very
strong competition. From a standing start this business is developing strongly
and should contribute to profits in the current financial year. We are
strongly positioned from both a financial and commercial standpoint and expect
to continue to achieve good organic growth, while continuing to seek
acquisitions to accelerate growth.'



Press enquiries:
David Coubrough, Chief Executive
Chris Heayberd, Finance Director                         020 7520 5000

Zoe Biddick/Shane Dolan, Biddicks                        020 7448 1000





CHAIRMAN'S STATEMENT

We are pleased to be able to report that the Group has produced excellent
results for the year and that good progress has been made in our principal
areas of activity. Organic growth in operating profits is well ahead of last
year and we have increased market share in our main markets. Particularly good
results from our recruitment business have been supported by continued growth
in our training business and exciting developments from our design business.

Results

Sales for the year were £4.7m (1999: £3.4m) and Group profit before taxation
was £1.1m (1999: £0.87m). Diluted earnings per share were 2.1p against 1.7p,
an increase of 24%.

The Group operating profit margin on sales was 12.7% compared with 11.4% last
year. The wholly owned subsidiaries have delivered a 52% increase in profit on
the prior year. Our share of operating profit in our associate has remained at
a similar level to last year contributing £0.44m to operating profit (1999: £
0.44m) and as reported earlier in the year we received a dividend payment of £
223,200 from them.

Dividends

We were pleased to be able to pay a 'one off' special dividend of 4 pence per
ordinary share to shareholders on 1st November 2000. We have reviewed our
dividend policy and whilst activity levels remain strong we have taken the
view that payment of a further dividend should be held over and be considered
when we announce our interim results for 2001.

Operating review

This year we have seen a number of encouraging developments for the group
including:


  * a good all round performance from the trading subsidiaries;

  * a very strong second half year performance from Portfolio International,
    our leisure recruitment business, following substantial investment in the
    first half of the year;

  * significant developments and increased profile from Portfolio Design
    International, our interior design business.

These encouraging performances have maintained the progress of the past four
years and put the group in a strong position going into the current year.

Portfolio International

Portfolio International is the group's principal trading subsidiary
representing 70% of the group's turnover and 87% of the group's operating
profits. The business, which specialises in the full range of management
appointments for the hospitality industry, has over 15 years become recognised
as the market leader in this sector. In the first half of the year we
undertook an extensive training programme to complete the investment that we
had made in technology in the last quarter of 1999 and we increased fee
earners by 25%. The second half of the year has reaped a fine harvest with, in
particular, a doubling of revenue from the international business.

Portfolio Design International

Portfolio Design International was established in April 1999 with the aim of
providing a high quality, professional interior design service to the
hospitality sector at the forefront of contemporary design. The Group Board
considered it to be synergistic with its recruitment business with the
potential for providing a profitable and high profile business as the client
base is the same and the access of information unique to the group. During the
second year of operation the business has won and completed a number of
prestigious projects culminating in winning the award of 'Best Hotel Suite
Design in Europe' at the European Design and Development Awards. Sales
prospects for the business are very strong and we are confident that the
business will contribute to operating profit in 2001.

Harper Craven Associates

Since 1986 Harper Craven have been providing bespoke development programmes
for a wide range of clients. Being the preferred supplier to a high percentage
of the clients, Harper Craven work on establishing long term relationships.
Many of the programmes provide credits awarded to National Standard by the
Open College Network. In the last year turnover has increased by 36% and we
anticipate continued growth into 2001.

Cameron Kennedy Resources

In 1998 we acquired a 46.5% interest in Cameron Kennedy, a company which
specialises in financial recruitment to both the permanent and temporary
sectors. Our share of operating profit has remained unchanged this year,
although as a proportion of the Group's profit on ordinary activities before
tax Cameron Kennedy's contribution has fallen by 10%. In the context of group
performance, we expect this trend to continue in 2001, although the company
has good prospects going into the new year.

Share Options Scheme

Having obtained shareholder approval on 1st November 2000 to introduce a share
option scheme, we are now pleased to report that the Inland Revenue approved
the scheme on 16 January 2001. On announcing these results, it is our
intention to grant options to certain key employees.

Prospects

Whilst the Board is confident that it will continue to achieve organic growth,
we are continuing to look for potential acquisitions in both our core and
related business areas. The group is in a strong financial and operating
position, having achieved all its operational and financial targets in the
year.



Richard E M Lee

Non Executive Chairman

6 March 2001





Consolidated profit and loss account for the year ended 31 December 2000
                                                                  2000     1999
                                                        Note         £        £

Turnover                                                     4,722,198 3,448,677

Cost of sales                                                (281,660) (127,538)
                                                              ________ ________

Gross profit                                                 4,440,538 3,321,139
Administrative expenses                                      (3,842,781)
(2,928,426)
                                                              ________ ________

Group operating profit                                         597,757  392,713
                                                              ________ ________

Share of operating profit in associates                        443,281  439,264
Amortisation of goodwill                                      (12,000) (12,000)
                                                              ________ ________

Total operating profit                                       1,029,038  819,977

Interest receivable and similar income (group)                  79,037   59,715
Interest payable and similar charges (group)                   (2,800)  (4,942)
                                                              ________ ________

Profit on ordinary activities before taxation                1,105,275  874,750
Taxation on profit on ordinary activities                    (330,859) (236,447)
                                                              ________ ________

Profit on ordinary activities after taxation                   774,416  638,303
Dividends paid                                               (1,453,884)       
-
                                                                     -
                                                              ________ ________

Amounts transferred (from)/to reserves                       (679,468)  638,303
                                                              ________ ________

Earnings per share                                         2      2.1p     1.8p

Basic
Diluted                                                           2.1p     1.7p
                                                              ________ ________


All recognised gains and losses are included in the
profit and loss account
All amounts relate to continuing activities.


Consolidated balance sheet at 31 December 2000
                                                       2000                1999
                                                £         £         £         £

Fixed assets
Tangible assets                                     291,668             299,433
Investments
Investment in associate                             727,891             652,794
                                                   ________            ________

                                                  1,019,559             952,227
Current assets
Debtors                                 1,560,617           1,090,460
Cash at bank and in hand                  495,154           1,643,025
                                         ________            ________

                                        2,055,771           2,733,485
Creditors: amounts falling due
within one year                         (904,762)           (822,147)
                                         ________            ________

Net current assets                                1,151,009           1,911,338
                                         ________                      ________

Total assets less current liabilities             2,170,568           2,863,565

Creditors: amounts falling due
after more than one year                           (12,691)            (26,220)
                                                   ________            ________

                                                  2,157,877           2,837,345
                                                   ________            ________
Capital and reserves

Called up share capital                             363,467             363,467
Share premium account                               864,925             864,925
Merger reserve                                      173,077             173,077
Profit and loss account                             756,408           1,435,876
                                                   ________            ________

Equity shareholders' funds                        2,157,877           2,837,345
                                                  ________             ________



Consolidated cash flow statement for the year ended 31 December 2000
                                                          2000             1999
                                         Note       £        £       £        £

Net cash inflow from operating              3          356,862          311,864
activities

Dividend from associated undertaking                   223,200                -

Returns on investment and servicing of
finance
Interest received                              79,037           59,715
Interest paid                                 (2,800)          (4,942)
                                              ________          ________
                                                        76,237           54,773

Taxation                                              (106,576)         (28,441)

Capital expenditure and financial
investment
Purchase of tangible fixed assets             (161,351)          (231,936)
Sale of tangible fixed assets                  15,186           38,250
                                              ________          ________
                                                      (146,165)        (193,686)

Acquisitions and disposals
Sale of subsidiary undertaking                      -          827,727
Proceeds from sale of investment                    -           30,000
                                              ________          ________
                                                             -          857,727
Dividends paid                                      (1,453,884)               -
                                                      ________         ________


Net cash (outflow)/inflow before                    (1,050,326)       1,002,237
management

Management of liquid resources
Sale/(purchase) of Treasury Deposits                   900,000       (1,300,000)
     (1,300,000)

Financing
Capital element of finance lease                       (13,529)         (34,344)
payments
                                                      ________         ________

Decrease in cash                            4         (163,855)        (332,107)
                                                      ________         ________



Notes to the preliminary announcement for the year ended 31 December 2000


 1. Accounting Policies

    The final results have been prepared on the same basis and using the same
    accounting policies as those used in the preparation of the accounts for
    the year ended 31 December 1999.


 2. Earnings per share

    The earnings per share is calculated based on a weighted average number of
    shares of 36,346,692 (1999 - 36,346,692) and the profit of £774,416 (1999
    - £638,303), giving earnings per share of 2.1p (1999 - 1.8p)

    Diluted earnings per share is based on the above earnings and adjusts the
    basic weighted average number of shares to 36,703,699 (1999 - 36,636,608)
    as a result of dilutive share options, giving earnings per share of 2.1p
    (1999 - 1.7p).

    The weighted average number of shares in issue calculated under the
    different methods reconciles as follows:
                                                           2000      1999
                                                             £         £

    Basic                                            36,346,692 36,346,692
    Number of shares under option                       500,000    500,000
    Number of shares which would have 
            been issued at fair value                  (142,993)  (210,084)
                                                       ________   ________

    Diluted                                          36,703,699 36,636,608
                                                       ________   ________


 3. Reconciliation of operating profit to net cash inflow from operating
    activities

                                                          2000        1999
                                                            £           £

    Group operating profit                             597,757     392,713
    Depreciation                                       160,861      88,935
    (Profit)/loss on sale of tangible fixed assets      (6,931)      1,101
    Increase in debtors                               (470,157)   (129,837)
    Increase/(decrease) in creditors                    75,332     (41,048)
                                                      ________    ________
    Net cash inflow from operating activities          356,862     311,864
                                                      ________    ________


 4. Reconciliation of net cash inflow to movement in net funds
                                                  2000            1999
                                              £        £           £        £

    Decrease in cash in the year       (163,855)             (332,107)
    Cash outflow from
    decrease in debt and lease
          financing                      13,529                34,344
    Cash (inflow)/outflow from
       (decrease)/increase             (900,000)            1,300,000
    in liquid resources
                                        ________             ________

    (Decrease)/increase in net
        funds resulting from         (1,050,326)            1,002,237
    cash flows

    New finance leases                        -               (43,598)
                                       ________              ________
    (Decrease)/increase in net
       funds in the year                         (1,050,326)           958,639

    Opening net funds                             1,490,041            531,402
                                                   ________           ________

    Closing net funds                               439,715          1,490,041
                                                   ________           ________


 5. Nature of the financial information

The financial information does not constitute statutory accounts as defined in
sections 240 of the Companies Act 1985. The financial information for the year
ended 31 December 2000 is extracted from the group's financial statements to
that date which received an unqualified auditors' report and will be filed
with the Registrar of Companies. The financial information for the year ended
31 December 1999 is extracted from the financial statements to that date which
received an unqualified auditors' report and have been filed with the
Registrar