Interim Results - Pre Tax Profits Up to £1.14m

Hansom Group PLC
8 November 1999


THE HANSOM GROUP PLC

UNAUDITED CONSOLIDATED INTERIM RESULTS
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 1999

CHAIRMAN'S STATEMENT
Results
The profit before tax for the six month period under review was £1,140,000
compared with a pre-tax profit of £61,000 for the corresponding period last
year.  Turnover was £1,625,000 compared with £3,262,000.  No dividend is
proposed.

Review
It was announced on 14 July 1999 that the Group had disposed of Datacab
Limited, its remaining business.  Hansom Group is now a shell with net assets
of £3,402,000, most of which are in cash.  Further sums of up to £650,000 will
be received in respect of an earnout arrangement relating to the disposal of
Datacab if the profits of Datacab for the year to 31 March 2000 exceed certain
levels.

It has been widely canvassed that Hansom Group is seeking a major acquisition
and the Board is seeking an attractive opportunity to this end.

Reduction in Capital
The High Court has recently granted The Hansom Group permission to reduce the
adverse balance on its profit and loss account to enable it to commence the
payment of dividends out of future profits.



Jonathan Mervis
Chairman



Consolidated Profit And Loss Account
for the six months ended 30 September 1999

                                       6 months     6 months      Year to
                                     to 30 Sept    to 30 Sept      31 Mar
                                           1999         1998         1999
                                     (unaudited)  (unaudited)    (audited)
                              Notes       £'000        £'000        £'000
Turnover                            
Continuing operations                         -            -            -
Discontinued operations           1       1,625        3,262        7,086
                                        -------      -------      -------
Total turnover                            1,625        3,262        7,086
                            
Cost of sales                     2      (1,385)      (2,763)      (5,971)
                                        -------      -------      -------
Gross profit                                240          499        1,115
Net operating costs                3       (252)        (406)        (791)
                                        -------      -------      -------
(Loss) on continuing operations            (121)        (126)        (242)
Profit on discontinued activities  1        109          219          566
                                        -------      -------      -------
Operating (loss)/profit                     (12)          93          324
                                        -------      -------      -------
Exceptional items profit/(loss)    4      1,110            -         (297)
Net interest receivable/(payable)            42          (32)         (38)
                                        -------      -------      -------
Profit/(loss) on ordinary activities 
before taxation                           1,140           61          (11)
                            
Taxation payable                              -            -          (10)
                                        -------      -------      -------
Profit/(loss) on ordinary activities
after taxation                            1,140           61          (21)

Dividends                                     -            -            -
                                        -------      -------      -------
Transfer to reserves                      1,140           61          (21)
                                        =======      =======      =======
Basic earnings/(loss) per 
Ordinary Share                     7      2.98p        0.16p       (0.05)p
                            
Adjusted earnings per Ordinary 
Share before exceptional items     7      0.08p        0.16p        0.72p
  
Consolidated Balance Sheet
as at 30 September 1999

                                          As at        As at        As at
                                        30 Sept      30 Sept       31 Mar
                                           1999         1998         1999
                                     (unaudited)  (unaudited)    (audited)
                                          £'000        £'000        £'000
Fixed assets                        
Tangible assets                               -        2,024          290
Investments                                 238            -          238
                                        -------      -------      -------
                                            238        2,024          528
Current assets                        
Stocks                                        -            3            3
Debtors                                     188        1,098        1,447
Cash at bank and in hand                  3,038          114          942
                                        -------      -------      -------
                                          3,226        1,215        2,392
Creditors:  amounts falling due 
within one year                             (62)      (1,140)        (658)
                                        -------      -------      -------
Net current assets                        3,164           75        1,734
                                        -------      -------      -------
Total assets less current liabilities     3,402        2,099        2,262
                        
Creditors:  amounts falling due 
after more  than one year                     -          (67)           -
                                        -------      -------      -------
Net assets                                3,402        2,032        2,262
                                        =======      =======      =======
Capital and reserves                        
Called up share capital                     383          383          383

Share premium account                     4,784        4,784        4,784

Profit and loss account                  (1,765)      (3,135)      (2,905)
                                        -------      -------      -------
Equity shareholders' funds                3,402        2,032        2,262
                                        =======      =======      =======

SUMMARISED CONSOLIDATED CASH FLOW STATEMENT
for the six months ended 30 September 1999

                                      6 months     6 months          Year
                                    to 30 Sept   to 30 Sept     to 31 Mar
                                          1999         1998          1999
                                    (unaudited)  (unaudited)     (audited)
                                         £'000        £'000         £'000
Net cash inflow from operating 
activities                                   8          264           484

Net interest received/(paid)                42          (32)          (38)
                                        -------      -------      -------
Net cash inflow before investing 
and finance                                 50          232           446

Capital expenditure                          -         (105)         (108)

Sale of fixed assets                         -          109           163

Net cash inflow from disposals 
of operations                            2,046            -           890
                                        -------      -------      -------
Net cash inflow before financing         2,096          236         1,391

Principal payment under hire 
purchase obligations                         -         (252)         (411)

Net (repayment) in respect of 
factored receivables                         -          (98)         (170)
                                        -------      -------      -------
Increase/(decrease) in cash 
in the period                            2,096         (114)          810
                                        =======      =======      =======
                        
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN DEBT

                                       6 months     6 months         Year
                                     to 30 Sept   to 30 Sept    to 31 Mar
                                           1999         1998         1999
                                     (unaudited)  (unaudited)    (audited)
                                          £'000        £'000        £'000
Increase/(decrease) in cash in 
the period                                2,096         (114)         810

Principal payment under hire 
purchase obligations                          -          252          411

Hire purchase obligations in 
subsidiary disposed of                        -            -          252

Repayment/(advance) in respect of 
factored receivables                          -           98          170
                                        -------      -------      -------
Movement in net debt in the period        2,096          236        1,643
                        
Net (debt)/funds at beginning of 
the period                                  942         (701)        (701)

Net funds at end of period                3,038         (465)         942
                                        =======      =======      =======
                        
 
Notes to the Consolidated Results
for the six months ended 30 September 1999


1.         The discontinued activities related to Datacab Limited and Richmond
Road Cab Centre Limited activities.

                                       6 months     6 months         Year
                                     to 30 Sept   to 30 Sept    to 31 Mar
                                           1999         1998         1999
                                     (unaudited)  (unaudited)    (audited)
                                          £'000        £'000        £'000
2.  Cost of sales                                  
                        
    Continuing operations                     -           -             -
    Discontinued operations               1,385        2,763        5,971
                                        -------       -------     -------
                        
                                          1,385        2,763        5,971
                                        -------       -------     -------
3.  Net Operating Costs                        
                        
    Continuing operations                   121          126          242
    Discontinued operations                 131          280          549
                                        -------      -------      -------
                                            252          406          791
                                        =======      =======      =======
                                                    
4.    The exceptional item in the six months to 30 September 1999 represents a
profit on disposal of Datacab Limited and the exceptional item in the year to
31 March 1999 represents a loss on the disposal of the Richmond Road Cab
Centre Limited.  Further profits of up to £650,000 will be earned in respect
of the disposal of Datacab Limited if profits of Datacab Limited for the year
ending 31 March 2000 exceed certain levels.

5.      The Group has no recognised gains and losses other than the gains and
losses set out in the profit and loss account.

6.      There is no difference between the profit on ordinary activities
before taxation and their historical cost equivalents.

7.      The earnings/(loss) per Ordinary Share are calculated on the profit on
ordinary activities after taxation and on a weighted average number of
Ordinary Shares in issue of 38,289,858.

8.    The financial information contained in this interim report does not
constitute statutory accounts within the meaning of section 240 of the
Companies Act 1985.  The financial statements for the year ended 31 March
1999, incorporating an unqualified report of the auditors, have been filed
with the Registrar of Companies.



This announcement has been released by English Trust Company Limited on behalf
of The Hansom Group PLC