Final Results - Year Ended 31 December 1999

Prime People PLC
16 February 2000


PRIME PEOPLE LIFTS OPERATING PROFITS BY 26.8P.C.
AND SEES ANOTHER GOOD YEAR AHEAD

* Pre-Tax Profit £874,750 On Continuing Operations:  Cash Position Improves To
  £1.6m

* New Design Service Offered To Hotel And Leisure Group Clients

* IT Investment Leaves Company Well Placed For E-commerce Opportunities


Prime People Plc, the fully listed leisure industry recruitment group, today
announced a 14p.c. increase in operating profits to £819,977 (£718,789) for
the year to December 31, 1999.    For continuing operations, the rise improves
to 26.8p.c.

Sales by continuing operations were 24p.c. higher at £3.45m (£2.78m), but the
operating profit also includes £439,264 (£272,591) representing the share of
operating profits in associates.    After more than doubled interest receipts,
group pre-tax profits came out at £874,750.    For 1998, pre-tax profits
amounted to £1,318,449, but this included a profit of £581,679 on the sale of
the temporary catering staff subsidiary.     Earnings per share fell to 1.8p
(3.3p), which takes account of the exceptional sale proceeds last year. 
Shareholders' funds rose during the year to £2.84m and net cash balances
increased to £1.53m.    No dividend is being paid.

Chairman Richard Lee reports that trading has improved steadily across the
Group in the principal operations.   Portfolio International has expanded its
services to the hotel and leisure sectors and is offering design services to
the customer base of major hotel and leisure groups.

'During the year we have made considerable investment in IT hardware and
software to enable us to take full advantage of the latest systems available
in our industry and positioning us to maximise the opportunities e-commerce
will bring to the recruitment sector.   We have also significantly increased
the number of fee earners to generate additional business', he states.

The group's share of profit from the minority investment in financial
recruitment specialist Cameron Kennedy, jumped from £272,591 to £439,264.

Looking ahead, Mr. Lee comments:   'With a strong balance sheet and a first
class team we look forward to another successful year'.


Further info:           David Coubrough, Group Chief Executive, 0171 520 5000


Chairman's statement
______________________________________________________________________________


I am pleased to report a further successful outcome to the year with operating
profit increasing from £718,789 in 1998 to £819,977 in the year to 31 December
1999, an increase of 14%.  Taking interest into account this increase becomes
19%.  Pre-tax profit last year included a sum of £581,679 being the profit on
the sale of a subsidiary and our pre-tax profit this year is therefore lower
at £874,750 compared with a profit last year of £1,318,449.  Our shareholders'
funds increased during the year to £2,837,345 and our net cash balances have
increased to £1,529,963.

Trading has improved steadily across the Group in our principal operation of
Hotel and Leisure Recruitment and in our Training subsidiary Harper Craven.

In Portfolio International, we have expanded our services to the Hotel and
Leisure sectors and can now offer design services to our customer base of
major hotel and leisure groups.  During the year we have made considerable
investment in IT hardware and software to enable us to take full advantage of
the latest systems available in our industry and positioning us to maximise
the opportunities e-commerce will bring to the recruitment sector.  We have
also significantly increased the number of fee earners to generate additional
business.

The share of profit attributable to our Group from our investment in Cameron
Kennedy, financial recruitment specialists, also increased substantially from
£272,591 to £439,264.

With a strong balance sheet and a first class team we look forward to another
successful year.




Richard E M Lee
Non-Executive Chairman


Consolidated profit and loss account for the year ended 31 December 1999
______________________________________________________________________________

                                                             1999       1998
                                                               £          £

Turnover       -       continuing operations              3,448,677  2,781,771
               -       discontinued operations                -      1,457,585
                                                           ________   ________

                                                          3,448,677  4,239,356
Cost of sales                                             (127,538) (1,093,320)
                                                           ________   ________

Gross profit                                              3,321,139  3,146,036
Administrative expenses                                  (2,928,426)(2,699,838)
                                                           ________   ________

Group operating profit -   continuing operations            392,713    373,882
                       -   discontinued operations              -       72,316
                                                            ________  ________

                                                            392,713    446,198
Share of operating profit in associates                     439,264    272,591
Amortisation of goodwill                                    (12,000)       -
                                                            ________  ________

Total operating profit                                      819,977   718,789

Profit on sale of discontinued operation                         -    581,679
Interest receivable and similar income                       59,715    22,766
Interest payable and similar charges                         (4,942)   (4,785)
                                                            ________   ________

Profit on ordinary activities before taxation               874,750  1,318,449
Taxation on profit on ordinary activities                  (236,447) (124,614)
                                                            ________  ________

Profit for the financial year                                638,303 1,193,835
                                                            ________ __________ 
    
Earnings per share       -    Basic                            1.8p     3.3p
                         -    Diluted                          1.7p     3.3p
                                                            ________  ________


All recognised gains and losses are included in the profit and loss account.




Consolidated balance sheet at 31 December 1999
______________________________________________________________________________


                                             1999       1998
                                                    As restated
                                               £       £       £       £

Fixed assets
       Tangible assets                               299,433        152,186
       Investment                                      -             30,000
       Interest in associate undertaking             652,794        353,977
                                                     ________       ________

                                                     952,227        536,163
Current assets
       Debtors                             1,090,460       1,865,622
       Cash at bank and in hand            1,643,025         565,915
                                            ________         ________

                                           2,733,485       2,431,537
Creditors: amounts falling due 
 within one year                            (822,147)       (755,885)
                                             ________        ________

Net current assets                                 1,911,338      1,675,652
                                                    ________      _________
Total assets less current liabilities              2,863,565      2,211,815

Creditors: amounts falling due 
 after more than one year                           (26,220)        (12,773)
                                                    ________        ________
                                 
Net assets                                         2,837,345      2,199,042
                                                    ________      _________

Capital and reserves

       Called up share capital                     363,467          363,467
       Share premium account                       864,925          864,925
       Merger reserve                              173,077          816,536
       Profit and loss account                   1,435,876          154,114
                                                  ________         ________

Equity shareholders' funds                      2,837,345         2,199,042
                                                 ________          ________


Consolidated cash flow statement for the year ended 31 December 1999
______________________________________________________________________________

                                                   1999       1998
                                              £       £       £       £
     
Net cash inflow from 
operating activities                               311,864          730,878

Returns on investment and
 servicing of finance
       Interest received                   59,715            24,007
       Interest element of finance lease 
        rental payments                    (4,942)           (4,785)
                                           ________         ________
                                                     54,773          19,222

Taxation                                           (28,441)              -

Capital expenditure and financial
 investment
       Purchase of tangible fixed assets  (231,936)          (84,913)
       Sale of tangible fixed assets        38,250            18,462
       Purchase of minority interests in 
        subsidiary undertaking                   -           (23,132)
                                            _________     ________
                                                   (193,686)         (89,583)
Acquisitions and disposals                 
       Purchase of interest in associated
        undertaking                              -           (166,500)
       Sale of subsidiary undertaking       827,727            20,000
       Cash disposed of in sale 
       of subsidiary                             -            (40,866)
       Proceeds from sale of investment      30,000              -
                                           ________        ________
                                                    857,727        (187,366)
                                                   ________        ________

Net cash inflow before financing                  1,002,237         473,151

Management of liquid resources
       Purchase of Treasury Deposits             (1,300,000)          
   -

Financing
       Capital element of 
       finance lease payments             (34,344)          (23,619)
                                          ________          ________

Net cash outflow from financing                     (34,344)        (23,619)
                                                    ________        ________
                                                           
(Decrease)/increase in cash                        (332,107)         449,532
                                                   ________         ________
  
The financial information set out above does not constitute statutory accounts
as defined in Section 240 of the Companies Act 1985. The group's financial
statements for the year ended 31 December 1999 have not been filed with the
Registrar of Companies. The financial information for the year ended 31
December 1998 is extracted from the group's financial statements to that date
which received an unqualified auditor's report and have been filed with the
Registrar of Companies.