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Kingsley & Forester (90HF)

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Tuesday 17 October, 2000

Kingsley & Forester

Final Results

Kingsley & Forester Group PLC
17 October 2000


KINGSLEY AND FORESTER GROUP PLC

Preliminary Results 2000
                                                                            

RESULTS
                                                       2000    1999
                                                      £'000   £'000
   

Pre-tax (loss)/profit                                    (82)     291

(Loss)/profit per ordinary share        pence          (0.30)   (0.86)
Diluted                                 pence          (0.30)   (0.86)

COMMENTARY

Following the decision by the ultimate parent company, Tandem Group plc,  to
withdraw  from  its  clothing business several years ago,  the  company  has
continued to wind down its operation during the year.



For further information, please contact:

Mervyn Keene, Finance Director
Tandem Group plc                                01733 211399



KINGSLEY & FORESTER GROUP PLC

Consolidated profit and loss account for the year ended 31 January 2000
                                                                            

                                                       2000    1999
                                                      £'000   £'000

Cost of sales                                             -     178
                                                     
Gross profit                                              -     178

Distribution expenses                                    85    (239)
Administrative expenses                                 (74)    339
Utilisation of provision for losses on
 discontinued operations                                 51     227
                                                     
Operating profit on ordinary activities
 before interest                                         62     505

Interest payable                                       (144)   (214)
                                                     
(Loss)/profit on ordinary activities                    (82)    291
 before and after taxation

Additional finance cost of non-equity shares            (15)   (15)
                                                     

Sustained (loss)/retained profit for the year           (97)   276
                                                     

(Loss)/profit per share (pence)                       (0.30)     0.86
                                                     


All amounts relate to discontinued activities.

All recognised gains and losses are included in the profit and loss account.


KINGSLEY & FORESTER GROUP PLC

Consolidated balance sheet at 31 January 2000
                                                                            

                                                       2000    1999
                                                      £'000   £'000
Current assets
 Debtors                                              1,346   1,359
                                                     

Creditors: amounts falling due
 within one year                                    (2,003) (1,868)
                                                     

Net current liabilities                               (657)   (509)

Provision for liabilities and charges                  (24)    (75)
                                                     
Net liabilities                                       (681)   (584)
                                                     

Capital and reserves
 Called up share capital                              6,851   6,851
 Share premium account                                1,036   1,036
 Other reserves                                          56      56
 Profit and loss account                             (8,624) (8,527)
                                                     
Shareholders' deficit                                  (681)   (584)
                                                     


The financial statements were approved by the Board on 30 August 2000.




MPJ Keene
Director



KINGSLEY & FORESTER GROUP PLC

Company balance sheet at 31 January 2000
                                                                            

                                                       2000    1999
                                                      £'000   £,000

Creditors: amounts falling due
 within one year                                       (15)       -
                                                     

 Total assets less current liabilities                 (15)       -
                                                     

Capital and reserves

 Called up share capital                              6,851   6,851
 Share premium account                                1,296   1,296
 Profit and loss account                             (8,162) (8,147)
                                                     

Shareholders' deficit                                   (15)      -
                                                     

The financial statements were approved by the Board on 30 August 2000.




MPJ Keene
Director



KINGSLEY & FORESTER GROUP PLC

Consolidated cash flow statement for the year ended 31 January 2000
                                                                            

                                         2000              1999
                                   £'000     £'000    £'000   £'000

Net cash (outflow)/inflow from
 operating activities                         (45)               62

Returns on investments and
 servicing of finance
 Interest received                      4                 5
 Interest paid                       (148)             (219)
                                             

                                             (144)            (214)
                                                     
Decrease in cash                             (189)            (152)
                                                     


KINGSLEY & FORESTER GROUP PLC

Notes to the preliminary results
                                                                            

1  This preliminary announcement is not the company's statutory accounts but
   extracts therefrom.  Statutory accounts dealing with the financial period
   ended 31 January 2000 have been delivered to the Registrar of Companies.

2  The financial statements have been prepared on a going concern basis, the
   validity of which depends on the bank facilities remaining in place.   If
   the  facilities  were to be withdrawn and not replaced adjustments  would
   have to be made to reduce balance sheet asset values to their recoverable
   amounts, to provide for any further liabilities that might arise  and  to
   reclassify  fixed assets and long term liabilities as current assets  and
   current liabilities.

3  In  the  audit report to the 31 January 2000 annual financial  statements
   the  auditors have emphasised the fact that the Company meets its day  to
   day  working  capital requirements through certain overdraft  facilities,
   which are repayable on demand.  The Company expects to operate within the
   facilities  currently  agreed.   In these  circumstances,  the  Directors
   believe  that it continues to be appropriate for the financial statements
   to  be prepared on a going concern basis.  However, inherently, there can
   be no certainty in relation to these views.

4  The  audit  report  did not contain statements under  s237  (2)  or  (3)
   Companies Act 1985.