Final Results

Premier Management Holdings PLC
16 July 2007

For immediate release on 16 July 2007



PREMIER MANAGEMENT HOLDINGS PLC (the 'Company')
Statement of audited results for the year ended 31 January 2007


Key points

•  Turnover up 143% for the year to £224,000 (2006: £92,000).

•  Pre-tax profit for the year of £50,000 (2006: £28,000 loss).

•  Good business flow at end of 2006 and in January 2007 transfer window.

•  Current year has started well with some fees earned before the Summer 
   transfer window.

•  Opportunities to increase and expand the range of services offered being 
   pursued.


Chairman Barry Gold said today,

'Our portfolio of managers and players continues to increase, and we are hopeful
that we should have reasonable opportunities during the Summer and going
forward.  With strict control of overheads, we hope to maintain if not improve
the current recovery in the Company's fortunes, and if we can add to the size
and range of services provided, our future prospects will be enhanced.'


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 substantial increase in turnover and a return to
profitability for the year to 31st January 2007.  Turnover increased 143% to
£224,000 (2006: £92,000) and the company reported its first annual pre-tax
profit since 2002 of £50,000 (2006: £28,000 loss).  As I anticipated in my
report on the interim results for the six months ended 31st July 2006, we were
able to execute some business at the end of 2006 and follow this up with a good
transfer window in January 2007.

The current year has started well, with some fees already achieved before the
start of the Summer transfer window.  Our portfolio of managers and players
continues to increase, and we are hopeful that we should have reasonable
opportunities during the Summer and going forward.

Regretfully we were not able to secure sufficient funding on a timely basis to
pursue the proposed acquisition that we were looking at earlier in the year, but
we are continuing to pursue opportunities to increase the scale and range of the
services that the company can provide.  Whilst we are increasingly positive
about the prospects for the existing business, the long term future of the
company will only be assured if we can complete an acquisition that
substantially increases the turnover of the company and expands its potential
income streams.

As a Company we are fortunate to have advisers who are supportive, helpful and
hardworking and a Finance Director, who puts in long and productive hours for
the benefit of the Company without remuneration.

With strict control of overheads, we hope to maintain if not improve the current
recovery in the Company's fortunes, and if we can add to the size and range of
services provided, our future prospects will be enhanced.


Barry Gold
16 July 2007



Profit and loss account
for the year ended 31 January 2007
                                                                                         2007         2006
                                                                                         £000         £000

Turnover                                                                                  224           92
Cost of sales                                                                            (95)         (27)
Gross profit                                                                              129           65
Administrative expenses                                                                  (32)         (92)
Operating profit/(loss) before exceptional items                                           97         (27)
Exceptional abortive costs                                                               (36)            -
Operating profit/(loss) after exceptional items and before interest                        61         (27)
Interest payable and similar charges                                                     (11)          (1)
Profit/(loss) on ordinary activities before taxation                                       50         (28)
Tax on profit/(loss) on ordinary activities                                                 -            -
Profit/(loss) for the year                                                                 50         (28)

Earnings/(loss) per share                                                               Pence        Pence
Basic and diluted earnings/(loss) per share                                              0.08       (0.04)



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



There are no recognised gains and losses other than those passing through the
profit and loss account.





Balance sheet
as at 31 January 2007
                                                                                          2007         2006
                                                                                          £000         £000
Current assets

Debtors                                                                                    385          249
Cash at bank and in hand                                                                     1           15
                                                                                           386          264
Creditors: amounts falling due within one year                                           (602)        (423)

Total assets less current liabilities                                                    (216)        (159)

Creditors: amounts falling due after more than one year                                (1,617)      (1,732)

                                                                                       (1,833)      (1,891)
Capital and reserves

Called up share capital                                                                    657          657
Share premium account                                                                    2,855        2,855
Other reserves                                                                              39           39
Profit and loss account                                                                (5,384)      (5,442)
Shareholders' funds                                                                    (1,833)      (1,891)





Consolidated cash flow statement
for the year ended 31 January 2007
                                                                                          Year         Year
                                                                                         ended        ended
                                                                                    31 January   31 January
                                                                                          2007         2006
                                                                                         £'000        £'000

Net cash outflow from operating activities                                                (43)         (18)

Returns on investments and servicing of finance
Interest paid                                                                             (11)          (1)

Net cash outflow for returns on investments and servicing of finance                       (1)          (1)


Net cash outflow before management of liquid resources and financing                      (54)         (19)

Financing
New convertible unsecured loan note                                                        150            -
Repayment of debenture loans                                                             (110)        (106)
Net cash inflow/(outflow) from financing                                                    40        (106)

Decrease in cash in the year                                                              (14)        (125)



Notes:



1.   The financial statements are prepared under the historical cost convention
and on a going concern basis as explained below.



The company has a deficit on its profit and loss account amounting to £5,384,000
and it has net current liabilities of £216,000.



The nature of the company's business is such that there can be considerable
unpredictable variation in the timing of cash inflows.  The directors have
prepared projected cash flow information for the period ending 12 months from
the date of their approval of these financial statements.



On this basis, the directors consider it appropriate to prepare the financial
statements on the going concern basis. The financial statements do not include
any adjustments that would result should the company no longer be a going
concern.



2.   The financial statements present information about the company as an
individual undertaking and not about its group.  All of the company's subsidiary
undertakings were dormant throughout the year, and in the case of Sports Player
Management Limited (in liquidation) the company no longer has control over its
operations.  The company has therefore taken advantage of the exemptions
provided by Section 229 of the Companies Act 1985 not to prepare group financial
statements 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.



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 2006 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 2007 will be published and posted to shareholders by 31
July 2007.  Copies will be made available at the Company's office at 140B High
Street, Ongar, Essex CM5 9JH.



ENDS


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