Final Results

Premier Management Holdings PLC
31 July 2006

For release at 07:00 on 31 July 2006


PREMIER MANAGEMENT HOLDINGS PLC (the 'Company')
Statement of audited results for the year ended 31 January 2006





Key points



•    Turnover £92,000 for year (2005: £553,000).



•    Significantly reduced pre-tax loss of £28,000 (2005: £1,656,000).



•    Positive start to the current financial year



•    Company has resolved to issue new convertible loan-note of up to
     £1million, £150k already received.



•    Withdrawal from discussions with Yacht Fuel Services but Company
     expects other opportunities to arise to restore shareholder value in the 
     medium term



Chairman Barry Gold said today,



'Our overhead base is now very low and we expect to do some good business in the
current transfer window.  The Company's financial future has been considerably
improved and we remain positive over the prospects for the remaining business.
Although we have now withdrawn from discussions with Yacht Fuel Services Ltd I
am confident other opportunities will arise and will provide an update by
announcement or when we report our interim results later this year.'



Further enquiries:



Barry Gold (Premier Management) - 07768 948 928



Richard Evans (Brewin Dolphin Securities) - 0845 270 8602





Chairman's statement



I am pleased to report a significantly reduced loss before tax for the year of
£28,000 (2005: £1,656,000) on turnover of £92,000 (2005: £,553,000).  These
numbers reflect the slimmed down but financially stable business that we have
achieved after two years of hard and testing work.  With the winding up of
Sports Player Management Ltd ('SPM') in April, the Company no longer owns any
operating subsidiaries and has taken advantage of the exemptions available under
the Companies Act 1985 not to present consolidated accounts this year.  It is
not anticipated that the Company will suffer any further loss or liability in
respect of the winding up of SPM.



The current year has started well and through effective cash management we have
been able to reduce our trading debts further.  Our overhead base is now very
low and we expect to do some good business in the current transfer window We
remain positive over the prospects for the remaining business.



The Company has resolved to issue a new convertible loan-note of up to
£1million, of which we have to date drawn-down £150,000.  We propose to draw
down the balance when a suitable transaction is identified.



As I have previously stated we have been seeking opportunities to restore
shareholder value in the medium term by examining acquisitions that would
upscale the size of our business.  To this end we entered discussions about the
possible reverse of Yacht Fuel Services Ltd into the Company last May.  Despite
protracted discussions we have been unable to progress the negotiations to an
outcome that we considered represented a satisfactory outcome for the Company's
shareholders.  Accordingly, we have now withdrawn from these discussions and
requested that the London Stock Exchange restore the Company's trading facility;
which had been subject to a precautionary suspension on 3 May 2006.



The market for opportunities for a company of our size has been rendered very
competitive recently due to the large number of AIM-quoted investment companies
that have been under threat since March of having the trading facility cancelled
unless they made a suitable acquisition by the end of September 2006.  Those
that have not secured such a transaction will be removed shortly both from AIM
and effectively the acquisition market which will improve the Company's ability
to attract a suitable deal.  I am confident therefore that other opportunities
will arise and will provide an update by announcement or when we report our
interim results later this year..



Finally, I am once again very grateful to Gerry Desler our Finance Director who
has worked long hours for this Company, many of them unpaid and to our Company's
advisors, who have always been supportive helpful and often very patient.



Barry Gold
31 July 2006




Profit and loss account
for the year ended 31 January 2006
                                                                                         2006         2005
                                                                                         £000         £000

Turnover                                                                                   92          553
Cost of sales                                                                            (27)        (285)
Gross profit before exceptional impairment                                                 65          268
Exceptional impairment of investment in footballers                                         -        (221)
Gross profit                                                                               65           47
Exceptional administrative expenses                                                         -        (664)
Other administrative expenses                                                            (92)        (629)
Operating loss                                                                           (27)      (1,246)
Exceptional amount written off investment in own shares and investment in
subsidiary undertaking                                                                      -        (408)
Other interest receivable and similar income                                                -            1
Interest payable                                                                          (1)          (3)
Loss on ordinary activities before taxation                                              (28)      (1,656)
Taxation                                                                                    -            -
Loss on ordinary activities after taxation                                               (28)      (1,656)
Dividends                                                                                   -            -
Retained loss carried forward for the financial year                                     (28)      (1,656)

Loss per share                                                                          Pence        Pence
Basic and diluted loss per ordinary share                                                0.04         2.80



The profit and loss has been prepared on the basis that all operations are
continuing operations.





Balance sheet
as at 31 January 2006
                                                                                          2006         2005
                                                                                          £000         £000
Fixed Assets
Tangible assets                                                                              -            1
                                                                                             -            1
Current assets

Debtors                                                                                    249          322
Cash at bank and in hand                                                                    15          160
                                                                                           264          482
Creditors: amounts falling due within one year                                           (423)        (511)

Net current liabilities                                                                  (159)         (29)

Total assets less current liabilities                                                    (159)         (28)

Creditors: amounts falling due over more than one year                                 (1,732)      (1,835)


Total assets less liabilities                                                          (1,891)      (1,863)

Capital and reserves

Called up share capital                                                                    657          657
Share premium account                                                                    2,855        2,855
Profit and loss account                                                                 (5442)      (5,414)
Own shares held                                                                            (4)          (4)
Capital redemption reserve                                                                  43           43
Equity shareholders' deficit                                                           (1,891)      (1,863)


Consolidated cash flow statement
for the year ended 31 January 2006
                                                                                          Year         Year
                                                                                         ended        ended
                                                                                    31 January   31 January
                                                                                          2006         2005
                                                                                         £'000        £'000

Net cash movement from operating activities                                               (18)         (78)

Returns on investments and servicing of finance
Interest received                                                                            -            1
Interest paid                                                                              (1)          (3)
Net cash outflow for returns on investments and servicing of finance                       (1)          (2)


Taxation                                                                                     -            -


Acquisitions and disposals
Payments to acquire subsidiary undertakings                                                  -         (42)

Net cash outflow before management of liquid resources and financing                      (19)        (122)

Financing
Issue of share capital                                                                       -          789
Capital element of hire purchase contracts                                                   -          (2)
Payment for deferred consideration/debenture                                             (106)        (620)
Net cash inflow/(outflow) from financing                                                 (106)          167

Decrease in cash in the year                                                             (125)         (45)



Notes:



1.   The accounts have been prepared on the assumption that the Company is a
going concern.  The accounts of the Company for the year ended 31 January 2006
show a loss after taxation of £28,000 and net current liabilities of £159,000.
The company's debenture loan was taken over in August 2005 by Barry Gold, the
company's non executive chairman.  The directors believe that measures have been
taken following the year end to address the excess of current liabilities and in
their opinion the accounts have been properly prepared on the assumption that
the company is a going concern.



2.   The financial statements present information about the company as an
individual undertaking and not about its group.  Prior years' accounts were
presented as consolidated accounts as the subsidiary undertakings were active
and under the control of the company.  However, during the year all the
subsidiaries became dormant and in the case of a certain subsidiary undertaking,
the company no longer has control over its operations.  Hence the company has
taken advantage of the exemptions provided by Section 229 Companies Act 1985 not
to prepare group accounts on the basis that either subsidiary undertakings are
not material for the purposes of the company's financial statements giving a
true and fair view, or the company's control over a subsidiary undertaking is
subject to severe long-term restrictions.  Comparative figures for 2005 which
formerly showed consolidated amounts in respect of the group have been adjusted
in order to present them for the company as an individual undertaking only.



3.   The preliminary financial statement has been prepared on the basis of the
Group's normal accounting policies but does not constitute statutory accounts.
The  statutory accounts for the year ended 31 January 2005  have been delivered
to the Registrar of Companies, the auditors report on which was unqualified and
did not contain a statement under section 237(2) or (3) of the Companies Act
1985.  It is anticipated that the Group's Annual Report and Accounts for the
year ended 31 January 2006 will be published and posted to shareholders on 31
July 2006.  Copies will be made available at the Company's office at 140B High
Street, Ongar, Essex CM5 9JH.



ENDS


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