FORM 10-Q

                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549
                      __________________________________

                  Quarterly Report Under Section 13 or 15(d)
                    of the Securities Exchange Act of 1934

For Quarter Ended:                                     Commission File Number:
August 31, 1996                                                        0-15588



                     CANTERBURY CORPORATE SERVICES, INC.
               FORMERLY CANTERBURY EDUCATIONAL SERVICES, INC.
           (Exact name of registrant as specified in its charter)




      Pennsylvania                                23-2170505    
(State of Incorporation)             (I.R.S. Employer Identification No.)

                                           

                             1600 Medford Plaza
                          Route 70 & Hartford Road
                         Medford, New Jersey 08055
                  (Address of principal executive office)

                     Telephone Number:  (609) 953-0044



     Indicate by check mark whether the registrant  (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.

     X     Yes                                                  No
   -----                                                -----


     The number of shares outstanding of the registrant's common stock as
of the date of the filing of this report:  14,969,009 shares.



<PAGE>
FORM 10-Q

                        PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements
    
                     CANTERBURY CORPORATE SERVICES, INC.

                         CONSOLIDATED BALANCE SHEET
                         -------------------------- 
[CAPTION]
<TABLE>

ASSETS
------
                                      August 31, 1996
                                        (Unaudited)           November 30, 1995 
                                      ---------------         -----------------
<S>                                     <C>                    <C>
Current Assets:
  Cash                                  $ 1,238,429            $ 1,471,702
     Accounts receivable net of
        allowance for doubtful accounts
        of $2,544,000 and $2,276,000      6,943,331              5,281,731
  Note receivable                           138,856                531,072
  Prepaid expenses and
     other assets                           970,193                782,136
  Refundable income taxes                     -                    326,000
  Deferred income tax benefit               926,155                794,676
                                         ----------            -----------
          Total Current Assets           10,216,964              9,187,317


  Property and equipment
     at cost, net of accumulated
     depreciation and amortization
     of $7,764,000 and $7,015,000         3,920,747              3,756,242
  Goodwill net of accumulated amortization
     of $1,297,000 and $886,000           9,029,939              9,440,645
  Note receivable                         3,945,967              4,028,921
  Other assets                              525,672                414,484 
                                        -----------            -----------

          Total Assets                  $27,639,289            $26,827,609
                                        ===========            ===========

</TABLE>



                              See Accompanying Notes

<PAGE>

FORM 10-Q

                     CANTERBURY CORPORATE SERVICES, INC.
                         CONSOLIDATED BALANCE SHEET
[CAPTION]
<TABLE>
LIABILITIES AND SHAREHOLDERS' EQUITY
------------------------------------

                                August 31, 1996                 November 30,
                                  (Unaudited)                       1995
                                ---------------                 -------------
<S>                             <C>                             <C>
Current Liabilities:
  Accounts payable - trade      $    723,574                    $    697,768 
  Accrued expenses                   951,007                       1,369,169 
  Income taxes payable               485,000                         132,000 
  Unearned tuition income          1,006,033                       1,186,886 
  Current portion, long-term debt  2,415,592                       2,837,279 
                                ------------                    ------------
    Total Current Liabilities      5,581,206                       6,223,102 

  Long-term debt                   5,518,500                       6,572,701

  Deferred income tax liability      544,000                         919,000 


Shareholders' Equity:
  Convertible preferred stock, no par
    value, authorized 1,600,000 shares,
    at aggregate liquidation preference
    Class A, 12.5%, 100,000 shares
    issued and outstanding           -                                93,482 
    Class B, 8%, 37,000 shares
    issued and outstanding           -                                35,000 
    Class C, 10%, 180,000,
    shares issued and outstanding    -                               130,006

  Common stock, $.001 par value,
    50,000,000 shares authorized;
    14,969,000 and 13,060,000
    issued outstanding                14,969                          13,060 

  Additional paid in capital      14,867,150                      12,915,730
  Retained earnings                1,269,899                          68,963 
  Treasury stock                    (156,435)                       (143,435)
                                ------------                    ------------
    Total Shareholders' Equity    15,995,583                      13,112,806 
                                ------------                    ------------

    Total Liabilities and
      Shareholders' Equity      $ 27,639,289                    $ 26,827,609 
                                ============                    ============

</TABLE>
                           See Accompanying Notes
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                      CONSOLIDATED STATEMENTS OF INCOME

The following Consolidated Statements of Income for the three-month and
nine-month periods ended August 31, 1996, and August 31, 1995, are unaudited,
but the Company believes that all adjustments (which consist only of normal
recurring accruals) necessary for a fair presentation of the results of
operations for the respective periods have been included.  Quarterly results
of operations are not necessarily indicative of results for the full year.
<TABLE>
                             Three months ended            Nine months ended
                                  August 31,                 August 31,
                           -------------------------------------------------
                                 (Unaudited)                (Unaudited)
                             1996          1995        1996          1995
                            ------        ------      ------        ------ 
<S>                         <C>            <C>        <C>           <C>
Net revenues                $7,793,701     $7,119,598 $21,967,010   $21,030,110
Costs and expenses           5,006,788      4,394,979  13,190,233    12,068,426
                            ----------     ---------- -----------   -----------
Gross profit                 2,786,913      2,724,619   8,776,777     8,961,684
Selling                        631,104        584,502   1,655,752     1,416,389
General and administrative   1,546,640      1,721,779   4,620,572     5,105,939
Provision for
 doubtful accounts              91,751         59,700     268,063       173,398
                            ----------     ---------- -----------    ----------
Total operating expenses     2,269,495      2,365,981   6,544,387     6,695,726
Other (income)/expenses
 Interest income               (92,467)       (23,421)   (232,104)      (50,640)
 Interest expense              141,270        194,107     509,243       661,056
 Other                          (9,767)       (38,267)    (25,061)      (84,059)
                            ----------     ---------- -----------    ----------
Income before provision for
 income taxes and
 discontinue operation         478,382        226,219   1,980,312     1,739,601
Provision for income taxes     188,000         85,746     772,000       660,896
                            ----------     ---------- -----------   -----------
Income from continuing 
 operations                    290,382        140,473   1,208,312     1,078,705
Discontinued operation
  Income from discontinued operation
  less applicable income taxes of
  $1,254 and $281,104           -               2,047       -           458,643
                            ----------     ---------- -----------   -----------
Net income                  $  290,382     $  142,520 $ 1,208,312   $ 1,537,348
                            ==========     ========== ===========   ===========
Net income per common share
 and common share equivalents:
 Primary:
   Income from continuing
     operations                    .02            .01         .09           .09
   Discontinued operation           -              -           -            .04
                            ----------     ---------- -----------   -----------
   Net income per share     $      .02     $      .01 $       .09   $       .13
                            ==========     ========== ===========   ===========
 Fully diluted:
   Income from continuing
     operations                                   .01                       .08
   Discontinued operation                          -                        .04
                                           ----------               -----------
   Net income per share                    $      .01               $       .12
                                           ==========               ===========
Common and common share 
 equivalents (weighted average):
 Primary                    14,947,000     12,805,100  14,277,700    12,323,700
                            ==========     ========== ===========   ===========
 Fully diluted                             13,491,600                13,010,200
                                           ==========               ===========
</TABLE>
                           See Accompanying Notes
<PAGE>
FORM 10-Q

                     CANTERBURY CORPORATE SERVICES, INC.
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
             FOR THE NINE-MONTHS ENDED AUGUST 31, 1996 AND 1995
<TABLE> 
                                          August 31,           August 31,  
                                            1996                 1995     
                                          ----------           ----------
<S>                                       <C>  <C>             <C>  <C>
Cash flows from operating activities:
     Cash received from customers         $19,856,494          $20,737,965
     Cash paid to suppliers and     
          employees                       (19,572,459)         (18,956,227)
     Interest received                        232,104               50,640 
     Interest paid                           (509,243)            (661,056)
                                          -----------          -----------
     Net cash provided by continuing
          operating activities                 $     6,896          $ 1,171,322 

Cash flows from investing activities:
     Capital expenditures                    (913,916)            (461,961)
     Collection on notes      
          receivable                          475,170                 -
                                          -----------          -----------
          Net cash used in investing
            activities                            (438,746)            (461,961)

Cash flows from financing activities:
     Principal payments on long-term debt    (377,783)            (146,020)
     Proceeds from revolving 
          credit facility                     425,000                  -    
     Repayment of revolving
          credit facility                    (389,000)            (500,000)
     Proceeds from long-term debt             422,145              352,773 
     Proceeds from exercise of stock
          options and warrants                 11,150               26,250 
     Repayment on term loan                (1,556,250)          (2,075,000)
     Payment of dividends on
          preferred stock                      (7,376)             (27,869)
     Purchase of treasury stock               (13,000)             (61,904)
     Proceeds from issuance of
          common stock, net                 1,683,691            2,151,943
                                          -----------          -----------
          Net cash provided by/(used in)
            financing activities                   198,577             (279,827)
                                               -----------          -----------
          Net cash provided by
            discontinued operation                  -                   106,500
          Net increase/(decrease) in cash         (233,273)             590,034
          Cash at beginning of period            1,471,702            1,384,030
                                               -----------          -----------
          Cash at end of period                $ 1,238,429          $ 1,974,064
                                               ===========          ===========
</TABLE>
                           See Accompanying Notes
<PAGE>
       
FORM 10-Q

                    CANTERBURY CORPORATE SERVICES, INC.
                   CONSOLIDATED STATEMENTS OF CASH FLOWS
            FOR THE NINE-MONTHS ENDED AUGUST 31, 1996 AND 1995
<TABLE>
                                      August 31,              August 31,   
                                        1996                    1995
                                      ----------              ----------
<S>                                   <C>   <C>               <C>   <C>
Reconciliation of income from
continuing operations to net cash
provided by continuing 
operating activities: 

Net income                                  $1,208,312              $1,078,705 
Adjustments to reconcile 
   to net cash provided by operating
   activities:
   Depreciation and amortization       1,160,117                 982,676 
   Provision for doubtful accounts       268,063                 188,998 
   Deferred income tax benefit          (506,479)                615,609 

Change in operating assets
   and liabilities:
   Increase in accounts receivable    (1,929,663)               (388,442)
   Increase in prepaid expenses
        and refundable income taxes      137,943                 201,368
   Increase in other assets             (111,188)               (121,111)
   Increase(decrease) in
        accounts payable                  25,806                (661,980)
   Decrease in accrued expenses         (418,162)               (687,765)
   Decrease in unearned 
        tuition income                  (180,853)               (361,861)
   Increase in income 
        taxes payable                    353,000                 325,125
                                      ----------              ----------
        Total adjustments                   (1,201,416)                 92,617
                                            ----------              ----------
Net cash provided by continuing
   operating activities                     $    6,896              $1,171,322
                                            ==========              ==========
</TABLE>
        



                            See Accompanying Notes
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                 ------------------------------------------

1.  Summary of Significant Accounting Policies
    ------------------------------------------

Principles of Consolidation
---------------------------
The consolidated financial statements include the accounts of the
Company and all of its subsidiaries.  All material intercompany transactions
have been eliminated.

Basis of Financial Statement Presentation and Material Uncertainty
------------------------------------------------------------------
On November 30, 1993 the Company issued 1,029,000 of its common shares
to the shareholders of Landscape Maintenance Services, Inc. in a business
combination accounted for as a pooling of interests.  During 1994, the Company
instituted suit against the former Landscape Maintenance shareholders, alleging
misrepresentations and the omission of material facts (e.g. undisclosed
liabilities) thereby breaching the agreement to merge the Company and Landscape
Maintenance (the Acquisition Agreement).  The Company seeks, among other
remedies, an adjustment to the number of shares issued, payment of certain
previously undisclosed liabilities and unspecified damages or the rescission of
the Acquisition Agreement.

The accompanying consolidated financial statements include Landscape
Maintenance for all periods presented under the pooling of interests method of
accounting for business combinations.  Because the outcome of this litigation
is uncertain, the number of shares issued in the business combination or
adjustment of the accounting for the business combination and its effects on
the consolidated financial statements cannot be determined at this time.

The rescission of the Acquisition Agreement would result in a change in
reporting entity which would require restatement of the consolidated financial
statements for all periods presented, to eliminate the results of operations,
cash flows and financial position of Landscape Maintenance, currently included
under the pooling of interests method of accounting.

Landscape Maintenance represents the business maintenance services
segment of the Company.  See Note 3 for selected financial information regarding
this segment.

Use of Estimates
----------------
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities at
August 31, 1996, and revenues and expenses for the nine months ended August
31, 1996.  The ultimate outcome and actual results could differ from the
estimates and assumptions used.

Revenue Recognition
-------------------
The Company's computer software training segment records revenue at
the time an individual attends the training class.
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (continued)

The Company's management training segment records revenue based on
performance of seminars to its clients.

The Company's vocational training segment records tuition revenues
ratably over the term of the courses which run for approximately two to eight
weeks.  Receivables for students' tuition are recorded as of the students'
first day of class attendance.  Unearned tuition income represents revenue to
be recognized over the term of the courses.

The Company's business maintenance services segment records revenues
on a pro rata basis over the contract term (typically three to nine months).

Statement of Cash Flows
-----------------------
For purposes of the Statement of Cash Flows, cash refers solely to
demand deposits with banks and cash on hand.

Depreciation and Amortization
-----------------------------
The Company depreciates and amortizes its property and equipment for
financial statement purposes using the straight-line method over the estimated
useful lives of the property and equipment (useful lives of leases or lives of
leasehold improvements and leased property under capital leases, whichever is
shorter).  For income tax purposes, the Company uses accelerated methods of
depreciation.

Amortization of Intangible Assets
---------------------------------
Goodwill is being amortized over twenty-five years using the straight-
line method.

Deferred Income Taxes
---------------------
Deferred income taxes are determined utilizing the liability method
prescribed by FAS 109.  This method gives consideration to the future tax
consequences associated with the differences between financial accounting and
tax bases of assets and liabilities.

Earnings Per Share
------------------
Earnings per share is computed using the weighted average common shares
outstanding during the year and includes the dilutive effect of common stock
equivalents (options).  Fully diluted earnings per share for 1995 is based on
the assumed conversion of preferred stock.

Accounting Changes
------------------
In October 1995, the Financial Accounting Standards Board ("FASB")
issued Statement of Financial Accounting Standards ("SFAS") 123, "Accounting
for Stock-Based Compensation."  SFAS 123, which is required to be adopted by
January 1, 1996, establishes financial accounting and reporting standards
for stock-based employee compensation plans, and establishes accounting
standards for issuance of equity instruments to acquire goods and services
from non-employees.
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (continued)

In March 1995, the FASB issued SFAS 121, "Accounting for the Impairment
of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of."  SFAS 121,
which is required to be adopted by January 1, 1996, establishes accounting
standards for the impairment of long-lived assets and certain intangible assets
to be held and used and for long-lived assets and certain identifiable 
intangibles to be disposed of.

The Company does not expect that adoption of SFAS 121 and 123 will
have a material effect on its consolidated financial position, consolidated
statement of income, or liquidity.

2.   Segment Reporting
     -----------------
The Company is organized into four operating segments: computer software
training, management training, vocational training and business maintenance
services.

The computer software training segment trains corporate workers and
managers as an authorized training center for Microsoft, Lotus, Borland,
WordPerfect, Aldus and Apple on DOS, Windows and Macintosh platforms.

The management training segment conducts corporate seminars in management
and team development, selling and negotiating, interpersonal communication,
executive development and organizational problem solving.

The Company's vocational training segment develops, markets and teaches
courses that focus upon job-related skills in vocations such as word processing
specialist, computer operator, tractor trailer driver, bartender, phlebotomy
technician and electrocardiography technician.  Its clients are individuals
who wish to seek employment, corporations who need to hire these individuals,
as well as other corporations that hire Canterbury on a direct basis to train
its existing employees.

The business maintenance services segment specializes in corporate
landscape maintenance and design.

Selected financial information for each segment, which includes an
allocation of corporate expenses, is as follows:
 <TABLE>
                                            Income                               Depreciation
                                            Before                    Capital         &
Nine Months Ended 8/31/96     Revenues      Taxes      Assets       Expenditures Amortization
---------------------------------------------------------------------------------------------------
<S>                           <C>          <C>         <C>          <C>         <C>
Computer Software Training    $ 8,760,213  $  698,931  $ 3,157,608  $  475,236  $   326,882
Management Training             1,291,579     467,911      254,419        -             867
Vocational Training/Corporate   1,256,921     127,464   20,348,151        -         396,886
Business Maintenance Services  10,658,297     686,006    3,879,111     438,680      435,482
                              -----------  ----------  -----------  ----------  -----------
                              $21,967,010  $1,980,312  $27,639,289  $  913,916  $ 1,160,117
                              ===========  ==========  ===========  ==========  ===========
</TABLE>
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (continued)
<TABLE>                                      Income                              Depreciation
                                              Before                 Capital           &
Nine Months Ended 8/31/95         Revenues    Taxes     Assets      Expenditures  Amortization
------------------------------------------------------------------------------------------------
<S>                            <C>          <C>         <C>          <C>         <C>    
Computer Software Training     $ 8,774,344  $1,196,420  $ 3,770,382  $  277,214  $  291,395
Management Training              1,155,976     141,522      401,333        -            674
Vocational Training/Corporate    3,171,321     219,040   16,822,741      15,617     325,166
Business Maintenance Services    7,928,469     182,619    4,155,490     169,130     365,441
                               -----------  ----------  -----------  ----------  ----------
                               $21,030,110  $1,739,601  $25,149,946  $  461,961  $  982,676
                               ===========  ==========  ===========  ==========  ==========
</TABLE>
3.  Discontinued Operation
    ----------------------
On November 30, 1995 the Company sold Star Label Products, Inc. and its wholly
owned subsidiary, Smartwork Graphics, which comprised the specialty printing
segment.  Star Label was sold to its former owner.  The proceeds of the sale
consisted of both cash and notes receivable amounting to $4,000,000.  Also 
the Company issued to the buyer an aggregate of 350,000 options to purchase
the common stock of Canterbury Corporate Services, Inc. at an exercise price
of $2.00 per share (bid price at date of grant).  The said options expire on
November 9, 2000.  In the opinion of management, the value assigned to these
options, if any, is not significant.

The results of operations and the gain on the sale of this segment has been
reported as a discontinued operation and the financial statements for the nine
months ended August 31, 1995 have been restated to reflect the discontinuation
of the specialty printing segment.
     
The gain on sale of the discontinued operation for the year ended
November 30, 1995 was $1,493,545 net of taxes of $1,309,922.

The following is a summary of the results of operations of the Company's
specialty printing segment:
<TABLE>                              Nine Months ended
                                      August 31, 1995
                                     -----------------
<S>                                     <C>
Revenue                                 $ 2,533,123 
Income from operations
  (net of taxes of $281,104)                458,643 
</TABLE>

Cost and expenses for this discontinued segment include approximately $310,000
representing allocated costs from corporate for the nine months ended August
31, 1995.

The net assets of discontinued operation were as follows:
<TABLE>                                   August 31, 1995
                                          ---------------
<S>                                        <C>
Current assets                             $  511,250
Current liabilities                          (237,430)  
Property, plant and equipment, net            834,720 
Other, net                                    256,362
                                           ----------
Total                                      $1,364,902
                                           ==========
</TABLE>
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (continued)

4.  Property and equipment
    ----------------------
Property and equipment consists of the following:
<TABLE>                                     August 31, 1996  November 30, 1996
                                            ---------------  -----------------
<S>                                            <C>             <C>
Land                                           $   725,910     $   785,910 
Buildings and improvements                          -              680,171 
Equipment                                        8,224,523       7,351,103 
Furniture and fixtures                           1,179,571       1,134,866
Leased property under capital
    leases and leasehold improvements              941,674         819,230 
                                               -----------     ----------- 
                                                11,071,678      10,771,280 
Less: accumulated depreciation and amortization (6,930,931)     (6,424,380)
    Reserve on disposition of assets              (220,000)       (590,658)
                                               -----------     -----------
Net property and equipment                      $ 3,920,74     $ 3,756,242 
                                               ===========     ===========
5.   Long-Term Debt
    --------------
                                         August 31, 1996     November 30, 1995
                                         ---------------     -----------------
Long-term obligations consist of:  
  Mortgages payable                            $      -        $    36,299 
  Term loan                                      4,150,000       5,706,250 
  Revolving credit line                          3,155,620       3,119,620 
  Unsecured notes payable, other                       -           144,000 
  Capital lease obligations                        628,472         403,811
                                                ----------      ----------
                                                 7,934,092       9,409,980 
  Less:  Current maturities                     (2,415,592)     (2,837,279)
                                                ----------      ----------
                                                $5,518,500      $6,572,701 
</TABLE>                                        ==========      ==========
In April, 1995 the Company entered into a permanent restructuring of
its term-loan and revolving credit facilities with its bank.  The term-loan
amortization and maturities remained identical to the original agreements.
A principal payment of this term loan was made in a lump sum payment of
$2,075,000 in June, 1995.  Twelve equal quarterly payments of $518,750 are due
thereafter.  Quarterly payments of $518,750 were made in December, 1995, March,
1996, June 1996 and September, 1996.  The interest rate is LIBOR plus 3% or
the bank's prime rate plus 1/2%.  The Company has the right to choose which
rate is to be utilized on a periodic basis.  The interest rates can be reduced
if certain financial ratios are met in the future.  The 30 day LIBOR rate at
August 31, 1996 was 5.4375%.

At August 31, 1996 the Company borrowed $3,155,620 under the revolving credit
facility; the unused portion of the line was $344,380.  Based on borrowing
limitations as set forth in the borrowing base calculation, the Company repaid
$350,000 in December, 1995, $25,000 in January, 1996 and $14,000 in April, 1996.
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                (continued)

The revolving credit line is secured by all accounts receivable,
equipment, furniture and fixtures.

Aggregate maturities on long-term debt for the next five years,
exclusive of obligations under capital leases, are approximately $2,075,000,
$4,905,620, $518,750, $0 and $0 respectively.
 
6.   Capital Leases
    --------------
Capital lease obligations are certain equipment leases which expire
in May, 1999.  Future payments under capitalized leases together with the
present value, calculated at the respective leases' implicit interest rate
of approximately 9.5% to 10.5% at their inception, as of August 31, 1996
are as follows:
<TABLE>
       <S>                                        <C>
       Year ending November 30, 1996              $117,463 
       Year ending November 30, 1997               313,484  
       Year ending November 30, 1998               169,567 
       Year ending November 30, 1999               117,141
                                                  --------
       Total minimum lease payments                717,655 
       Less amount representing interest           (89,183)
                                                  --------
       Present value of long-term obligations
         under capital leases                     $628,472  
                                                  ========
</TABLE>
7.     Subsequent Events
     -----------------
On July 1, 1996 the Company acquired the business of ProSoft, LLC of
Charlotte, North Carolina for Canterbury Corporate Services, Inc. restricted
common stock and the opportunity to earn additional restricted common shares
over the next three years based on various levels of increasing profitability.

ProSoft provides computer software training and consulting, both in its
own classrooms and on-site to corporations in the Charlotte area.

Item 2. Management's Discussion of Financial Condition and Results of Operations
--------------------------------------------------------------------------------

Liquidity and Capital Resources
-------------------------------
Working capital at August 31, 1996 was $4,637,700.  This level of working
capital is expected to be maintained through Fiscal 1996; however, Landscape
Maintenance causes some seasonality in consolidated cash flows. The spring
season requires that Landscape Maintenance expend funds for labor and materials
in advance of billings as the business gears up for the summer months.  The
cash shortfall will reverse itself in the late fall/early winter as the
collection of receivables exceeds the cost of operations.
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (continued)

Two other factors will have a positive impact on consolidated liquidity.
CALC/Canterbury should have a significant positive influence on overall cash
flow for 1996.  Strong margins coupled with the fact that receivables turn,
on average, in approximately 40 days, will contribute to a strong working 
capital ratio.  Also, as the vocational training segment becomes less of a
significant portion of consolidated operations, the very slow receivable turn
attributed to self-paying individuals will have less of a negative impact on
overall liquidity.

Management believes available working capital lines of credit, as
well as the ability to raise money through equity funding will be sufficient
to cover cash flow requirements for the Company for the next 12 months.

Cash flow from continuing operations for the nine months ended August 31, 1996
was $7,000 a decrease of $1,171,000 over the same period last year.  This was
attributable to increased construction revenue resulting in an increase in
business maintenance segment accounts receivable due to a longer collection
cycle caused by retention and length of projects.  Additionally, significant
expenditures for staffing and course development were made in the second
quarter for CALC/Canterbury.  Gearing up to train on Windows 95 and other
major new software products necessitated the need to invest for the latter
part of Fiscal 1996 and beyond.

From March through June 1996, the Company raised $1,683,000 net of
applicable costs, through private placements of its common stock sold to
foreign investors at prices ranging from $1.41 to $1.50.  The equity raised
was used for general working capital needs and to repay bank debt.

The Company believes that the combination of cash provided by operating
activities, as well as the ability to borrow from the unused portion of its
credit line, will enable the Company to meet its liquidity needs in respect
to its current operations for the next 12 months.  There was no material
commitment for capital expenditures as of August 31, 1996.  Inflation was
not a significant factor in the Company's financial statements.

In 1995, the Financial Accounting Standards Board ("FASB") issued Statement of
Financial Accounting Standards ("SFAS") No. 121, "Accounting for the Impairment
of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of," and SFAS
123, "Accounting for Stock-Based Compensation."  Both of these statements are
required to be adopted by January 1, 1996.  The Company does not expect that
adoption of SFAS 121 and 123 will have a material effect on its consolidated
financial position, consolidated statement of income, or liquidity. For further
discussion, see Note 1 of the Notes to Consolidated Financial Statements.

Results of Operations
---------------------
Revenues
--------
Revenues for the nine months ended August 31, 1996 increased by $937,000 (4%)
to $21,967,000 over the same period last year.  This net increase was due to
the significant number of winter storms during the Winter of 1996.  Hence, snow
and ice removal revenues increased in the business maintenance services segment
by approximately $1,624,000 over the same period last year.  Also, maintenance 
<PAGE>
FORM 10-Q
                     CANTERBURY CORPORATE SERVICES, INC.
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (continued)

service contracts have increased by approximately $700,000 over 1995 due to
increased referred business.

Offsetting the increase in snow removal revenue was a decrease in
vocational training revenues of approximately $1,914,000.  This decrease is
the result of the planned closings and downsizing of many of the Company's
vocational training centers during 1995.

Costs and Expenses
------------------
Cost of sales expenses for the nine months ended August 31, 1996
increased $1,122,000 (9%) over the same period last year.  The increase
was due to additional staffing and course development in the computer
software training segment, as well as the additional costs associated with
performing the increased business segment revenue.

Selling expense for the six and nine months ended August 31, 1996
increased $47,000 (8%) and $239,000 (17%), respectively, over the same
period last year.  This was primarily due to an increase in staffing for the
computer software training and management training segments.  This increased
staffing was employed to sell into new markets as well as expand existing
markets.

General and administrative expense for the three and nine month period ended
August 31, 1996 increased $175,000 (10%) and $486,000 (10%) over the same
period last year.  This was due primarily to reduced administrative staffing 
and more efficient support as well as a reduction in corporate overhead.

Interest income for the three and nine months ended August 31, 1996
increased $69,000 and $182,000, respectively, over the same period last year.
This was due to note receivable interest income generated by the sale of the
discontinued operation.

Interest expense for the six and nine months ended August 31, 1996 decreased
$53,000 and $152,000, respectively, over the same period last year.  This was
due to a reduction in principal balances of the Company's term loan facility.

This quarterly report contains forward looking statements.  The
actual results might differ materially from those projected in the forward
looking statements.  Additional information concerning factors that could
cause actual results to materially differ from those in forward looking
statements is contained in this and other Canterbury Corporate Services,
Inc.'s SEC filings, including periodic reports under the Securities Exchange
Act of 1934, as amended, copies of which are available upon the request from
the Canterbury investor relations department.

<PAGE>
                         PART II - OTHER INFORMATION
                         ---------------------------
<TABLE>
<S>        <C>
Item 1     Legal Proceedings
------     None
Item 2     Changes in Securities
------     None
Item 3     Defaults Upon Senior Securities
------     None
Item 4     Submission of Matters to a Vote of Security Holders
------     None
Item 5     Other Information
------     None
Item 6     Exhibits and Reports on Form 8-K
------       (a)     Exhibits:  None
             (b)     Reports on Form 8-K:  None
</TABLE>
<PAGE>
FORM 10-Q

                     CANTERBURY CORPORATE SERVICES, INC.

                                 SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                CANTERBURY CORPORATE SERVICES, INC.
                                (Registrant)


                                By/s/ Stanton M. Pikus               
                                  ----------------------
                                  Stanton M. Pikus
                                  President
                                  (Chief Executive Officer and      
                                  duly authorized signer)
            
                                By/s/ Kevin J. McAndrew
                                  ------------------------
                                  Kevin J. McAndrew, C.P.A.
                                  Chief Operating Officer, Executive Vice 
                                  President, (Chief Financial Officer and
                                  duly authorized signer)



October 15, 1996