Exhibit 12.1  Section 302 Certificate, Chief Executive Officer



CERTIFICATION



I, James Lancaster, certify that:



|1. | I have reviewed this Amendment No.1 on Form 20-F/A of TM Group Holdings PLC;
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|2. | Based on my knowledge, this Amendment No.1 does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light
of the circumstances under which such statements were made, not misleading with respect to the period covered by this Amendment No.1;
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|3. | Based on my knowledge, the financial statements, and other financial information included in this Amendment No.1, fairly present in all material respects the financial condition,
results of operations and cash flows of the company as of, and for, the periods presented in this Amendment No.1;
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|4. | The companys other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) for the company and have:
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| | a) | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Amendment No.1 is being prepared;
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| | b) | evaluated the effectiveness of the companys disclosure controls and procedures and presented in this Amendment No.1 our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by this Amendment No.1 based on such evaluation; and
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| | c) | disclosed in this Amendment No.1 any change in the companys internal control over financial reporting that occurred during the period covered by the Amendment No.1 that has
materially affected, or is reasonably likely to materially affect, the companys internal control over financial reporting; and
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|5. | The companys other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the companys auditors
and the audit committee of the companys board of directors (or persons performing the equivalent functions):
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| | a) | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
companys ability to record, process, summarise and report financial information; and
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| | b) | any fraud, whether or not material, that involves management or other employees who have, or are reasonably likely to have, a significant role in the companys internal control
over financial reporting.
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|       |  |                        
|------ |  | -----------------------
|By:    |  | /S/    JAMES LANCASTER 
|Name:  |  | James Lancaster        
|Title: |  | Chief Executive Officer
|       | 
|Date:  |  | January 31, 2005