Interim Results

Premier Management Holdings PLC
25 October 2005


PREMIER MANAGEMENT HOLDINGS PLC


Interim results for the six months ended 31 July 2005


Premier Management Holdings plc (the 'Company'), the AIM-listed football agency
presents interim results for the six months ended 31 July 2005 for itself and
its subsidiaries (together, the 'Group').


Key points

•    Operating loss of £103,000 (2004: £26,000 profit) on turnover of
     £8,000 (2004: £610,000) during a period of restructuring

•    Financial difficulties resolved with significantly reduced level
     of operations

•    New business opportunities now being sought


Barry Gold, Chairman, said today:

'During the period the Company was primarily concerned with cutting overheads to
a minimum and trying to negotiate a suitable settlement with the secured
debenture holder.  Trading conditions remain difficult in the football business,
which has been significantly downsized.  Accordingly, we are looking for
suitable opportunities to expand the Group's activities by seeking businesses
that may benefit from becoming part of a public group.  I would like to take
this opportunity to extend my thanks to our Finance Director and the Company's
advisers for their support and patience during a very difficult period of the
Company's history.'


For further enquiries contact:

Barry Gold (Chairman - Premier Management Holdings plc) - Tel: [phone]


Chairman's Statement

During the six month period to 31 July 2005 income from the Company's normal
activities was minimal as the Company was primarily concerned with cutting
overheads to a minimum and trying to negotiate a suitable settlement with the
secured debenture holder.  This negotiation ran into difficulties and towards
the end of April the debenture holder served a notice of default and repayment
demand on the Company.  Due to the uncertainty this created in the Company's
financial position, your Board immediately requested the London Stock Exchange
to suspend the Company's shares from trading on AIM.  In July I was able to
reach an agreement to acquire the debenture and so stabilize the Company's
financial position by removing the repayment demand.

Trading conditions remain difficult in the football business, which has been
significantly downsized with the departure of Bill Jennings and all employees.
I will continue to carry out some football activities with the assistance of
Bill Jennings and certain ex-employees on consultancy arrangements but the level
of activity is unlikely to be sufficient to sustain a public company.
Accordingly, we are looking for suitable opportunities to expand the Group's
activities by seeking businesses that may benefit from becoming part of a public
group.

With the return of financial stability and the publication of our delayed annual
report and accounts our trading facility on AIM has been restored.  I would like
to take this opportunity to extend my thanks to our Finance Director and the
Company's advisers for their support and patience during a very difficult period
of the Company's history.


Barry Gold
Chairman

25 October 2005


Unaudited Consolidated Profit and Loss Account
For the six months ended 31 July 2005
                                                                 Six months to     Six months to      Year ended
                                                                       31 July           31 July      31 January
                                                                          2005              2004            2005
                                                                     Unaudited         Unaudited         Audited
                                                                         £'000             £'000           £'000

Turnover                                                                     8               610             732
Cost of sales                                                              (5)             (101)           (285)
Exceptional impairment of investment in footballers                          -                 -           (221)

Gross profit                                                                 3               509             226
Exceptional administration expenses                                          -                 -           (561)
Amortisation of intangible assets                                            -               (8)            (10)
Other administration expenses                                            (106)             (475)           (870)
Operating loss                                                           (103)                26         (1,215)

Exceptional amount written off investment in own shares                      -                 -           (206)
Interest receivable and similar income                                       1                 1               1
Interest payable and similar charges                                      (1)-               (2)            (40)

Loss on ordinary activities before taxation                              (103)                25         (1,460)
Taxation                                                                     -                 -           (212)

Retained loss for the period                                             (103)                25         (1,672)

(Loss)/earnings per share                                                Pence             Pence           Pence

Basic (loss)/earnings per ordinary share                                (0.16)              0.04          (2.82)


All amounts are derived from continuing operations and the total recognised
gains or losses for the period is the same as the retained profit/(loss) for the
period



Unaudited Consolidated Balance Sheet
As at 31 July 2005
                                                                         As at             As at           As at
                                                                       31 July           31 July      31 January
                                                                          2005              2004            2005
                                                                     Unaudited         Unaudited         Audited
                                                                         £'000             £'000           £'000
Fixed assets
Intangible assets                                                            -               212               -
Tangible assets                                                              1                86               1

                                                                             1               298               1

Current assets
Debtors                                                                    182             1,091             322
Current asset investments                                                    -               221               -
Cash at bank                                                               132               134             161

                                                                           314             1,446             483
Creditors: amounts falling due within one year                           (780)             (545)           (808)

Net current (liabilities)/assets                                         (466)               901           (325)

Total assets less current liabilities                                    (465)             1,199           (324)

Creditors: amounts falling due after more than one year                (1,797)           (1,867)         (1,835)

Total assets less liabilities                                          (2,262)             (668)         (2,159)

Capital and reserves
Share capital                                                              657               708             657
Share premium                                                            2,855             2,847           2,855
Retained losses                                                        (5,813)           (4,013)         (5,710)
Own shares held                                                            (4)             (210)             (4)
Capital redemption reserve                                                  43                 -              43

Equity shareholders' deficit                                           (2,262)             (668)         (2,159)



Unaudited Consolidated Cash Flow statement
For the six months ended 31 July 2005
                                                                 Six months to     Six months to Year ended
                                                                       31 July           31 July      31 January
                                                                          2005              2004            2005
                                                                     Unaudited         Unaudited         Audited
                                                                         £'000             £'000           £'000

Net cash movement on operating activities                                  (9)             (239)           (120)

Return on investments
Interest received                                                            1                 1               1
Interest paid                                                              (1)               (2)             (4)

                                                                             -               (1)             (3)

Capital expenditure
Receipts on disposal of tangibles                                            -                 2               -
Payments to acquire tangible assets                                          -               (6)               -

                                                                             -               (4)               -
Acquisitions and disposals
Payment to acquire subsidiary undertaking                                    -                 -            (42)

Net cash movement before management of liquid resources and
financing                                                                  (9)             (244)           (165)

Financing
Issue of ordinary shares                                                     -               789             789
Capital element of hire purchase contracts                                   -               (8)             (6)
Payment of deferred consideration/debenture                                  -             (549)           (620)

Decrease in cash in the period                                             (9)              (12)             (2)


The results for the six months ended 31 July 2005 are unaudited and have not
been reviewed by the auditors.  They have been prepared on accounting bases and
policies that are consistent with those used in the preparation of the audited
financial statements of the company for the year ended 31 January 2005.

The financial statements contained in this report do not constitute statutory
accounts within the meaning of Section 240 of the Companies Act 1985.  The
results for the year ended 31 January 2005 were reported on by the Auditors and
received an unqualified audit report.  Full accounts for the year ended 31
January 2005 will be been delivered to the Registrar of Companies.

The interim statement will not be posted to shareholders.  Copies of the interim
statement can be obtained from the company by writing to the Company Secretary
at 11 Central House, Ongar, Essex, CM5 9AA.


ENDS


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