Interim Results

RNS Number:3526K
Ardent Group PLC
31 March 2005



FOR RELEASE 7.30AM                                             31st March 2005



            ARDENT GROUP PLC


            INTERIM RESULTS


Ardent Group plc ("Ardent" or "the Company") today announces its Interim Results
for the period ended 31 December 2004.  The Company was incorporated on 3 June
2004 so no prior period results are included for comparative purposes.



Chairman's statement for the period ended 31 December 2004


These are the first set of results for Ardent and show the performance for the
period 3 June 2004 to 31 December 2004. The Company made an operating loss of
#85,540, and had net assets of #1,033,815 at the period end. Ardent was admitted
to AIM on 26 July 2004, raising gross funds of #1.1 million. It was a newly
established company, created to invest in businesses within the media and
leisure sectors. Upon Admission, the Company had no trading businesses or
subsidiaries.

The Director's original and continuing strategy is to use Ardent as a vehicle to
identify and acquire businesses that are positioned to take advantage of
opportunities within the media and leisure sectors. Since flotation, the Board
and its advisers have considered a large number of opportunities within the
sector. As yet, none have met the strict criteria that have been set and
therefore no acquisitions has yet occurred. As such, the Directors will continue
to analyse the market and search for the correct first acquisition target for
Ardent and its shareholders.

Your Board is aware of recent legislative changes regarding AIM traded investing
companies, which states any such company listed prior to 1 April 2005, which
raised less than #3 million, must have completed a transaction constituting a
reverse takeover by 1st April 2006, otherwise its shares will be suspended. The
company then has a further six months under suspension after which if a deal has
still yet to be concluded, the shares cease to be traded on AIM and a
distribution will be made to shareholders. Your Board is confident that a
suitable deal or deals will have been identified before this time and I look
forward to reporting to you shortly on the progress that is being made.




Chris Akers
Non-executive Chairman


Unaudited Profit and Loss Account
For the period ended 31 December 2004

                                                                        2004
                                                                           #

Turnover                                                                   -

Cost of sales                                                              -

Gross profit                                                               -

Administrative expenses                                              (85,540)

Operating loss                                                       (85,540)

Interest receivable                                                   13,918

Loss on ordinary activities before taxation                          (71,621)

Tax on profit on ordinary activities                                       -

Loss for the period                                                  (71,621)


All transactions arise from continuing operations.




Unaudited Balance Sheet
As at 31 December 2004

                                                                         2004

                                                                            #
Fixed assets                                                                -

Current assets
Debtors                                                                13,918
Cash at bank and in hand                                            1,063,577


Creditors: amounts falling due within one year                        (43,681)
                                                                                       

Net current assets                                                  1,033,815

Total assets less current liabilities                               1,033,815


Capital and reserves
Called up share capital                                               118,750
Share premium account                                                 986,686
Profit and loss account                                               (71,621)
                                                                      
Equity shareholders' funds                                          1,033,815



Unaudited Cashflow Statement
For the period ended 31 December 2004

                                                                         2004
                                                                            #

Net cash inflow outflow from operating activities                     (41,859)

Returns on investments and servicing of finance
Bank interest receivable                                                    -

Financing
Issue of new shares                                                 1,200,000
Costs of share issue                                                  (94,564)
                                                                      
Net cash inflow from financing                                      1,105,436

Increase in cash                                                    1,063,577



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