Final Results

Creightons PLC
29 September 2000

                      Creightons plc                                
                                                                         
            Preliminary Results Announcement                       
            for the year ended 31 March 2000                       
                     

Chairman's Statement

Review of the year

The  year  ended  31 March 2000 was one of  major  change  for
Creightons.

The Group's performance and financial position were both under
significant pressure during the financial year. Following  the
departure  from  the Board of Mr. Barry Dale  on  23  December
1999,  the Board carried out an urgent review of the financial
position   of  the  Group  and  concluded  that  an  immediate
fundraising was necessary to avoid insolvency. Accordingly, to
stabilise  the  Company's manufacturing operation,  the  Board
launched   an   open  offer  in  February  2000   and   raised
approximately £1.5m of additional equity from shareholders.

The  Board  also took the view that there was little realistic
prospect  of  being  able to grow and  develop  the  Company's
manufacturing  business on a basis that it could realistically
generate   attractive   returns  for   shareholders   in   the
foreseeable future.

The  Board  announced  in the open offer prospectus  that  the
Creightons management team, led by Mr. Hamilton (the Company's
former  Chief  Executive  Officer),  had  made  an  indicative
proposal  to the Board to acquire the manufacturing  business,
but stated that the terms of management's proposal were not at
that  time  acceptable. The subsequent failure of management's
proposals culminated in the recent resignation from the  Board
of Mr. Hamilton.

The  Board now comprises myself as Non-executive Chairman, Mr.
McIlroy  as  Executive Vice-Chairman, and Ms. Carney  as  Non-
executive  Director.  Both  Mr McIlroy  and  Ms.  Carney  were
appointed to the Board in November 1999.

Much  effort has been put into restructuring the stability  of
the  Company's  customer  base, and in  August  2000  we  were
rewarded  by  increased sales at a satisfactory level.   Order
levels are encouraging and the outlook up to Christmas  is  in
line with our expectations.

Your  Board's  strategy remains as stated in  the  open  offer
prospectus  of  February  2000;  to  dispose  of  the  Group's
remaining net assets and to find a suitable company to reverse
into the quoted shell. Your Board will use every endeavour  to
secure this objective within an acceptable timeframe, for  the
benefit of all Creightons shareholders.

At  the date of publication of this announcement the Board  is
in  negotiations with respect to the possible disposal of part
of  the freehold land owned by the Company at Storrington.  If
negotiations are successfully concluded, the sale would enable
the  Company  to  repay  a significant  portion  of  its  bank
borrowings.  A further announcement will be made  as  soon  as
practicable.

Financial Results

Sales   in   the   financial  year  were   £5,214,000   (1999:
£5,589,000).   Operating  losses and losses  before  tax  were
£1,666,000  and  £1,825,000 respectively (1999 operating  loss
£1,923,000; loss before tax £1,979,000).  Loss per  share  was
8.5 p (1999: 9.8p) The Group's net asset position deteriorated
significantly during the course of the financial year but  was
restored  by the fundraising of £1.3 million net of  expenses
in March 2000.

Net  assets at 31 March 2000 were £1,668,000 compared  to  net
assets  at  31 March 1999 of £2,185,000. Debt levels  rose  to
unacceptable   levels  during  the  year  along   with   trade
creditors.   As  soon as the proceeds of the open  offer  were
received, both bank debt and trade creditors were brought down
to  acceptable levels.  As at 31 March 2000, net  indebtedness
totalled £1,876,000, representing gearing of approximately 112
per cent.

Current year developments

During  the current financial year the manufacturing  business
has been managed on a day to day basis by Bernard Johnson, who
is  working  for  the  Company  under  contract.  Mr  Johnson,
together  with  Mr  McIlroy, have done  an  excellent  job  in
stabilising the downturn in sales and reducing overheads. With
the improved figures for August and a satisfactory order book,
the  Board hopes and believes that the manufacturing  business
now has the platform on which to move forward.

Creditors  levels  have remained normalised  since  the  March
fundraising and the Group continues to operate within its bank
facilities. The Group is currently operating with an  informal
facility  from  its  bankers  pending  the  outcome   of   the
negotiations  to  dispose  of part of  the  freehold  land  at
Storrington, as referred to above. If this transaction is  not
concluded,  the  Group's  bankers  have  confirmed  that   the
existing facilities will be renewed in the ordinary course  of
business.

The Board would like to thank all its employees for their hard
work and dedication.

Roger Lane-Smith, Chairman
29 September 2000

For further information, please contact

William McIlroy
Executive Vice-Chairman       01903 745611


             CONSOLIDATED PROFIT AND LOSS ACCOUNT
               For the year ended 31 March 2000

                               2000     2000     1999     1999
                               £000     £000     £000     £000
Turnover                               5,214             5,589
Cost of sales               (4,134)           (4,737)         
Exceptional cost of sales     (273)             (235)         
                             ______             ____          
Total cost of sales                  (4,407)           (4,972)
                                         807               617
Gross profit                                                  
Operating expenses          (2,146)           (2,185)         
Exceptional operating                                         
expenses                      (327)             (355)
                              ____              ____          
Total operating expenses             (2,473)           (2,540)
                                     ______            _______
Operating loss                       (1,666)           (1,923)
Net interest payable                   (159)              (56)
                                     ______            _______
Loss on ordinary activities                                   
before taxation                      (1,825)           (1,979)
Tax on loss on ordinary                                       
activities                              -                   41
                                     ______            _______
Retained loss for the year           (1,825)           (1,938)
                                    =======            =======
Loss per share                        (8.5)p            (9.8)p
                                                              
Loss per share before                 (5.7)p            (6.8)p
exceptional items
                                                              
Loss per share on                     (2.8)p            (3.0)p
exceptional items
                                                              
Diluted loss per share                (8.5)p            (8.9)p

The   turnover  and  operating  loss  arose  from   continuing
operations.
The Group had no gains or losses other than the above results.



                  CONSOLIDATED BALANCE SHEET
                      As at 31 March 2000
                               
                               2000     2000     1999     1999
                               £000     £000     £000     £000
Fixed assets                                                  
Tangible assets                        3,329             3,522
                                                              
Current assets                                                
Stocks                          806             1,046         
Debtors                         943               913         
                               ____              ____         
                              1,749             1,959         
Creditors: amounts
falling due within
one year                     (2,959)           (2,746)        
                                       _____              _____
Net current liabilities                (1210)             (787)
                                                              
Total assets less                      2,119             2,735
current liabilities
                                                              
Creditors: amounts                      (451)             (550)
falling due after
more than one year
                                      ______             _____
Net assets                             1,668             2,185
                                      ======             =====
Capital and reserves                                          
Called up share capital                4,294             3,975
Share premium account                  1,185               196
Capital redemption reserve                18                18
Capital reserve                            7                 7
Special reserve                           13                13
Profit and loss account               (3,849)           (2,024)
                                       _____             _____
Equity shareholders' funds             1,668             2,185
                                       =====             =====


               CONSOLIDATED CASH FLOW STATEMENT
               For the year ended 31 March 2000

                                              2000     1999
                                              £000     £000
Net    cash    outflow   from   operating
activities                                   (845)  (1,194)
Returns on investments and
servicing of finance                         (159)     (56)
Taxation                                         -      41
Capital expenditure and
financial investment                         (135)    (172)
                                           _______   ______           
Cash outflow before management of          (1,139)  (1,381)
liquid resources and financing
Financing                                   1,091     (110)
                                           _______   ______                
Decrease in cash in the period                (48)  (1,491)
                                           _______   ______ 
Reconciliation of net cash flow                            
to movement in net debt
                                                           
Decrease in cash in the period                 (48)  (1,491)
Cash outflow from repayment of debt            217      110
                                               ___    _____
                                               169   (1,381)
                                                           
New finance leases                             (54)     (43)
                                              ____    ______
Movement in net debt in the period            115    (1,424)
                                              ====   =======
Net debt at the start of the period        (1,991)     (567)
                                                           
Net debt at the end of the period          (1,876)   (1,991)


NOTES

1. The  comparative financial information in this  preliminary
   statement  is  for the 52 weeks ended 31  March  1999.  The
   accounting policies for both periods are in accordance with
   those set out in the accounts of Creightons plc for the 52
   weeks ended 31 March 2000.

2. Basic and diluted earnings per share for the 52 weeks ended
   31  March  2000  have  been calculated using  the  weighted
   average number of shares in issue in the relevant financial
   period. The weighted average number of ordinary shares  in
   issue  for  the basic eps is 21,441,184 (1999:  19,876,523)
   and  for the diluted eps 21,441,184 (1999: 21,829,023). The
   calculations  are  based  on a loss  of  £1,825,000  (1999:
   £1,938,000).

3. A  copy of the annual report and accounts is expected to be
   posted  to shareholders on Tuesday 3 October 2000 and  will
   be  filed  with the Registrar of Companies following  their
   adoption at the forthcoming Annual General Meeting.

4. These  preliminary  statements do not constitute  statutory
   accounts within the meaning of section 240 of the Companies
   Act  1985.  They  have  however, been  extracted  from  the
   Creightons plc statutory accounts (apart from these  notes)
   for  the  52  weeks  ended  31  March  2000  on  which   an
   unqualified  Auditors' Report was signed  on  29  September
   2000.