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Chairman's Statement & Financial results for the year ended 31st March 2005
From: C H Bailey Plc							30th September 2005
					2005		2004
					£		£
Turnover - continuing operations					6,614,785		4,633,070
Turnover - discontinued operations					199,936		-
Total turnover					6,814,721		4,633,070
Operating (loss)					(1,049,344)		(1,152,903)
Net interest (payable) receivable					(128,651)		(82,159)
Profit on disposal of fixed assets					594,719		-
Restructuring costs					(284,003)		-
(Loss)  on ordinary activities before tax					(867,279)		(1,235,062)
Taxation					73,432		(384,866)
(Loss)  on ordinary activities after tax					(793,847)		(1,619,928)
Minority interests					12,408		430
(Loss) for the year					(781,439)		(1,619,498)
Dividend					nil		nil
Retained (loss) for the year					(781,439)		(1,619,498)
Earnings per share					(1.54p)		(2.70p)
					loss		loss
The Directors do not recommended the payment of a final dividend in respect of the year ended
31st March 2005  (2004: nil).
B J Warren (Secretary)
C H Bailey Plc
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