Final Results

CREIGHTONS PLC
29 September 1999




               Preliminary Results Announcement
               For the year ended 31 March 1999


Chairman's Statement
     
Restructuring of Operations


As  announced on 7 July 1999, William E Hamilton was appointed
Chief Executive of Creightons, replacing Michael Gubbins. Bill
came  to  us  from Norit Bodycare Toiletries Limited  and  has
experience of turning round a company in a position similar to
that of Creightons.

Bill is continuing the strategy started by Michael Gubbins  to
stabilise  the business. He has already identified significant
cost   savings  to  accelerate  this  process,  together  with
potential  productivity improvements.  The  cost  savings  now
being  put in place approximate £750,000 on a full year basis.
The board now believes that, at current levels of sales prices
and  margins, the estimated break-even position of  Creightons
has  been  reduced to a sales level of around £6  million  per
annum compared with around £9 million per annum prior to  Bill
Hamilton's arrival.

In  addition, Bill brings access to a number of new  customers
as  well as good relationships with many of our existing ones,
both  vital elements in building future sales. Taken  together
these measures demonstrate the boards commitment to restoring
the  Company  to profitability. Stabilisation is, we  believe,
within sight.





Results

The  loss for the year ended 31 March 1999 was £1.979  million
(1998:   £1.489  million).  We  have  already   reported   the
exceptional costs incurred in respect of the failed offer  for
Potter  &  Moore,  which  have been reflected  in  the  year's
results.

The  Chairman's  Statement  in the  Interim  Report,  sent  to
shareholders  in  January,  referred  to  highly   competitive
trading  conditions  and  a loss of  £1.369  million.   Losses
continued  in  the  second half year, but at  a  significantly
reduced  level  of  £610,000 reflecting some  of  the  initial
benefits  of the rationalisation programme now coming through.
However, trading remains very competitive.

The  company's  bankers  have reviewed  the  Companys  latest
business plan, and have confirmed their continuing support.



Strategic Direction

In   all  my  statements  since  becoming  Chairman,  I   have
highlighted  the two clearly defined strands of  the  strategy
that we have been progressing for your Company.

The  first  and  crucial  strand,  the  stabilisation  of  the
Creightons business and the return to profitability in its own
right,  has been our main concern and progress on this  aspect
has already been referred to above.

The  other  strand,  to seek acquisitions,  mergers  or  joint
ventures, has continued to be progressed, although not as  the
primary focus for our efforts.  A number of opportunities  are
under  review, though none at this stage have reached a  point
where an announcement would be appropriate.

Over  and  above  the  changes being  made  to  the  Company's
manufacturing operation, the Board has begun a review  of  the
strategic direction of the Company to cover all aspects of its
activities,  including the long-term viability  and  prospects
for our toiletries business.

Further Board Changes

As  previously indicated, Michael Gubbins left  the  Board  in
September  1999.   The Board and I would like  to  record  our
thanks  to  him  for his contribution to the company  and  his
achievements during a very difficult two-year period.  We wish
him well in the future.

As a result of the current developments, our Finance Director,
Peter  Somers, has today agreed to step down from  the  Board.
He  joined the company just over a year ago to strengthen  the
Board  and  to  provide  positive liaison  with  the  bankers,
institutional   investors,  brokers  and  other   professional
advisers.  This was at a time when the intention was  to  grow
rapidly  by  acquisition,  which proved  impossible  for  many
reasons,  so  that  his  focus has been on  the  stabilisation
process.   The Board and I would like to thank Peter  for  his
valuable support during this very difficult year, and wish him
well in the future.

In   line   with   our   policy  of   broadening   shareholder
representation   on   our  Board,   William   McIlroy   as   a
representative of Oratorio Developments Ltd ('Oratorio'),  and
Mary  Carney  have  been invited to join  the  Board  as  non-
executives.  Mr  McIlroy  and Ms  Carney  have  accepted  this
invitation  and  resolutions proposing their  appointment  are
included in the notice of the AGM.

Mr  McIlroy  is  chairman and chief executive of  Oratorio,  a
family  owned  company based in Northern  Ireland,  comprising
interests in property development and investment companies and
hair  and beauty companies.  Oratorio's interests are  located
throughout the UK.

Mary  Carney is a freelance tax consultant and a former senior
tax   partner  with  Grant  Thornton,  Chartered  Accountants,
Belfast.  Ms Carney is a member of the Institute of  Taxation,
and, prior to joining Grant Thornton, was a tax inspector.

The   Board  believes  that  through  his  interests  in   the
hairdressing and hairdressing products markets, in particular,
Mr  McIlroy will provide a valuable contribution to Creightons
and in identifying business opportunities.



Barry Dale
Chairman,
28 September 1999


For further information, please contact

Creightons  plc                               01903 745 611
Barry Dale
Buchanan  Communications                      0171 466 5000
Andy Yeo / Isabel Petre

Consolidated profit and loss account
for the year ended 31 March 1999

                                            1999             1998
                                                         restated
                                                         (note 1)
                                            £000             £000
                                                                 
Turnover                                   5,589            9,646
                                                                 
Cost of sales                    (4,737)         (7,879)         
Exceptional cost of sales          (235)            (97)         
                                                                 
                                                        
                                                        
Total cost of sales                       (4,972)          (7,976)
                                                                 
                                                                 
                                                                 
Gross profit                                 617            1,670
Operating expenses               (2,185)         (2,565)         
Exceptional operating               
expenses                           (355)           (861) 
                                                                 
                                                        
                                                        
Total operating expenses                  (2,540)          (3,426)
                                                                 
                                                                 
                                                                 
Operating loss                            (1,923)          (1,756)
Income  from  interest   in                   
associated undertaking                         -              276
Profit on disposal of fixed                   
asset investment                               -                7
Net interest payable                         (56)             (16)
                                                                 
                                                                 
                                                                 
Loss on ordinary activities              
before taxation                           (1,979)          (1,489)
Tax  on  loss  on  ordinary                   
activities                                    41             (122)
                                                                 
                                                                 
                                                                 
Loss on ordinary activities               
after taxation                            (1,938)          (1,611)
                                                                 
                                                                 
                                                                 
Retained loss for the year                (1,938)          (1,611)
                                                                 
                                                                 
                                                                 
Loss per share                              (9.8)p           (8.1)p
                                                                 
                                                                 
                                                                 
Loss per share before                 
exceptional items                           (6.8)p           (3.3)p
                                                                 
                                                                 
                                                                 
Loss per share on               
exceptional items                           (3.0)p           (4.8)p
                                                                 
                                                                 
                                                                 
Diluted loss per share                      (8.9)p           (8.0)p
                                                                 
                                                                 
                                                                 

The   turnover  and  operating  loss  arose  from   continuing
operations.

The Group has no gains or losses other than the above results.
Consolidated balance sheet
at 31 March 1999

                                           1999            1998
                                   £000    £000    £000    £000
Fixed assets                                                   
Tangible assets                           3,522           3,738
                                                               
Current assets                                                 
Stocks                            1,046           1,193        
Debtors                             913           1,447        
Cash at bank and in hand              -             551        
                                                               
                                                       
                                                       
                                  1,959           3,191        
Creditors: amounts                                             
falling due within              
one year                         (2,746)         (2,177)
                                                               
                                                       
                                                       
Net current                               
(liabilities)/assets                       (787)           1,014
                                                               
                                                               
                                                               
Total assets less current                
liabilities                               2,735            4,752
                                                               
Creditors: amounts                                             
falling due after                         
more than one year                         (550)            (629)
                                                               
                                                               
                                                               
Net assets                                2,185            4,123
                                                               
                                                               
                                                               
Capital and reserves                                           
Called up share capital                   3,975            3,975
Share premium account                       196              196
Capital redemption                           18               18
reserve
Capital reserve                               7                7
Special reserve                              13               13
Profit and loss account                  (2,024)             (86)
                                                               
                                                               
                                                               
Equity shareholders                     
funds                                     2,185            4,123
                                                               
                                                               
                                                               


Statement of cash flows
for the year ended 31 March 1999

                                            1999            1998
                                            £000           £000
                                                                
Cash flow from operating                 
activities                               (1,194)          (1,679)
Returns on investments and                 
servicing of finance                        (56)             184
Taxation                                     41              502
Capital expenditure and                    
financial investments                      (172)              10
Acquisitions and disposals                    -              909
                                                                
                                                                
                                                                
Cash outflow before                                             
management of liquid                     
resources
and financing                            (1,381)             (74)
                                                                
Financing                                  (110)             (90)
                                                                
                                                                
                                                                
Decrease in cash in the                  
period                                   (1,491)            (164)
                                                                
                                                                
                                                                
Reconciliation of net cash                                      
flow to movement in
net debt
                                                                
Decrease in cash in the                
period                                   (1,491)            (164)
                                                                
Cash outflow from                            
repayment of debt                           110               90
                                                                
                                                                
                                                                
                                         (1,381)             (74)
New finance leases                          (43)             (99)
                                                                
                                                                
                                                                
Movement in net debt in                  
the period                               (1,424)            (173)
                                                                
Net debt at the start of                   
the period                                 (567)            (394)
                                                                
                                                                
                                                                
Net debt at the end of the              
period                                   (1,991)            (567)
                                                                
                                                               
Notes


1. Basis of consolidation
     

The  group accounts consolidate the accounts of CREIGHTONS plc
and its subsidiary undertakings.  Unless otherwise stated, the
acquisition method of accounting has been adopted.  Under this
method,  the  results of subsidiary undertakings  acquired  or
disposed  of  in  the  year are included in  the  consolidated
profit and loss account from the date of acquisition or up  to
date of disposal.  Purchased goodwill arising on consolidation
in  respect of acquisitions before 5 April 1997, when  FRS  10
"Goodwill and intangible assets was adopted, was written  off
to  reserves  in the year of acquisition.  When  a  subsequent
disposal occurs any related goodwill previously written off to
reserves  is written back through the profit and loss  account
as  part  of  the profit or loss on disposal.   Any  purchased
goodwill  arising on consolidation in respect of  acquisitions
after  5  April  1997, is capitalised.  Positive  goodwill  is
amortised  to  nil  by equal instalments  over  its  estimated
useful  life.   Any negative goodwill arising  in  respect  of
acquisitions after 5 April 1997, will be included within fixed
assets  and  released to the profit and loss  account  in  the
periods  in  which the fair values of the non monetary  assets
purchased  on  the  same  acquisition are  recovered,  whether
through depreciation or sale.

In  the  Companys  accounts, investments  in  subsidiary  and
associated  undertakings  are  stated  at  cost  less  amounts
written  off.  Dividends received and receivable are  credited
to  the  Companys profit and loss account to the extent  that
they represent a realised profit for the Company.

In  accordance with Section 230(4) of the Companies Act  1985,
CREIGHTONS  plc is exempt from the requirement to present  its
own profit and loss account.

The  1998  profit  and  loss account  comparatives  have  been
restated  to  show  a  more appropriate  allocation  of  costs
between cost of sales and operating expenses.  There has  been
no impact on the operating loss.


2. Going concern
     

The financial statements are prepared on a going concern basis
which  the  directors  believe  to  be  appropriate  for   the
following  reasons.  The Group meets its day  to  day  working
capital  requirements through an overdraft facility  which  is
due  for  renewal  in  January 2000.  The Group  is  currently
exceeding  this  facility  with the verbal  agreement  of  its
bankers  whilst  negotiating for revised facilities.   On  the
basis  of  their current strategy, the Directors have prepared
working capital projections for a period ending 18 months from
the  date of approval of these financial statements which have
formed the basis of the discussions with the Groups bankers.

The  bank has agreed to new increased facilities, based on the
Directors  projections, subject to receiving formal  valuation
reports on the Companys freehold property and debtors.  These
facilities would be subject to normal banking practice, and to
satisfactory trading performance.

The  directors have considered the position and believe it  is
appropriate  to prepare the financial statements  on  a  going
concern basis.

However,  the margin of the facilities being agreed  over  the
requirements  is  not  expected to be large  and,  inherently,
there  can be no certainty in relation to these matters.   The
financial statements do not include any adjustments that would
result from a withdrawal of the existing overdraft facility or
from being unable to agree new facilities.



3. Exceptional costs
     
                                   1999         1999        1998
                                           Operating            
                                Cost of     expenses
                                  sales
                                   £000         £000        £000
                                                                
Compensation for loss of             
office/redundancy costs               -           50         479
Returned goods provision            195            -           -
Closure of operation                  -            -         119
Discontinuance of part of             -            -         360
customer base                         -           50         479
Abortive acquisition costs            -          305           -
Obsolete product range              
provision                            40            -           -
                                                                
                                                                
                                                                
                                    235          355         958
                                                                

4. Loss  per share
     

The  calculation  of the undiluted loss per share  figure  has
been  based  on  the loss after taxation of £1,938,000  (1998:
£1,611,000)  and  on  19,876,523 (1998:  19,876,523)  ordinary
shares of 20p, the weighted average of the number of shares in
issue.  The fully diluted loss per share is based on the  loss
after  taxation  of  £1,938,000  (1998:  £1,611,000)  and   on
21,829,023 ordinary shares (1998: 20,349,023).