U.S. SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                               FORM 12b-25

                       NOTIFICATION OF LATE FILING

                          SEC FILE NO. 0-10909

                       CUSIP NUMBER 219-269-107

                              (Check One):

[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and Form
10-QSB [ ] Form N-SAR

      For Period Ended: March 31, 1996

       [ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F [ ]
       Transition  Report  on Form 11-K [ ]  Transition  Report on Form 10-Q [ ]
       Transition Report on Form N-SAR
      For the Transition Period Ended: ____________________

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        Read Attached Instruction Sheet Before Preparing Form.  Please Print or 
Type.

      Nothing in this form shall be construed to imply that the  Commission  has
verified any information contained herein.
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      If the  notification  relates to a portion of the  filing  checked  above,
identify the Item(s) to which the notification relates:

                                   N/A
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Part I -- Registrant Information

Full Name of Registrant       Corniche Group Incorporated

Former Name if Applicable     Fidelity Medical, Inc.

Address of Principal Executive Office (Street and Number)
City, State and Zip Code 
                                                       Wayne Interchange Plaza I
                                                       145 Route 46 West
                                                       Wayne, New Jersey  07974


Part II -- Rules 12b-25(b) and (c)

      If the subject  report could not be filed without  unreasonable  effort or
expense  and the  registrant  seeks  relief  pursuant  to Rule 12b-  25(b),  the
following should be completed. (Check box if appropriate)

[X]         (a)  The reasons described in reasonable detail in Part III of this 
            form could not be eliminated without unreasonable effort or expense;

[X]         (b) The subject annual report, semi-annual report, transition report
            on Forms 10-K, 20-F, 11-K or Form N-SAR, or portion thereof, will be
            filed  on  or  before  the  fifteenth  calendar  day  following  the
            prescribed due date; or the subject  quarterly  report or transition
            report on Form 10-Q, or portion thereof,  will be filed on or before
            the fifth calendar day following the prescribed due date; and

[ ]         (c) The  accountant's  statement or other exhibit required by Rule
            12b-25(c) has been attached if applicable.

Part III -- Narrative

      State below in reasonable detail the reasons why Forms 10-K, 10-KSB, 11-K,
10-Q, 10-QSB, N-SAR, or the transition report, or portion thereof, could  not be
filed within the prescribed time period.  (Attach Extra Sheets if Needed)

      The Company is not able to  file  its annual  report on Form 10-K for the
period ended March 31, 1996 within  the  time  period prescribed for such report
without unreasonable effort or expense.

      As  stated  in  its  Quarterly Report on  Form 10-Q for  the  period ended
December 30, 1995, the Company's Operating  Subsidiaries,  located in the United
Kingdom,  were  placed  in  receivership  on  or  about  February 7, 1996.  The 
Receivership  required  an  extensive  revision  of   the  Company's   financial
statements.   The  Receivership  also  caused  financial  pressures which  have 
adversely impacted on the Company's ability to prepare its reports.  However, 
the Company anticipates being able to complete the Form 10-K within 15 days.

Part IV -- Other Information

      (1)  Name and telephone number of person to contact in regard to this 
notification.

      Mr. James Fyfe                      (201) 785-3338
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      (Name)                                    (Area Code) (Telephone Number)

      (2) Have all other periodic reports required under Sections 13 or 15(d) of
the Securities  Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940  during the  preceding  12 months or for such  shorter  period  that the
registrant  was  required to file such  report(s)  been filed?  If answer is no,
identify report(s).
                                     [x]   Yes        [ ]   No

      (3) Is it anticipated that any significant change in results of operations
from the corresponding  period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
                                     [x]   Yes        [ ]   No

      If so: attach an explanation of the anticipated  change,  both narratively
and  quantitatively,  and, if  appropriate,  state the reasons why a  reasonable
estimate of the results cannot be made.

      The  Company   suffered  a  net  loss  of  approximately  $475,000   from 
continuing  operations in  the  year  ended  March  31,  1996,  compared  to  a 
net loss  of  $3.4 million in  the year ended March 25, 1995.   The Company has 
had  no  business  operations  since  the  Receivership,  which  terminated its 
wholesale and retail stationery business operations.  The Company will recognize
an accounting gain from discontinued operations of approximately $2 million.

      Further, due to the Receivership,  the Company will restate its financial 
statements.

                       Corniche Group Incorporated
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             (Name of Registrant as Specified in Charter)

has  caused  this  notification  to be  signed  on  its  behalf  by  the
undersigned thereunto duly authorized.

Date:  July 1, 1996              By:
                                 Name:  /s/ James Fyfe
                                            James Fyfe
                                Title:      Vice President

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

- -------------------------------------ATTENTION----------------------------------
        Intentional misstatements or omissions of fact constitute Federal 
                       Criminal Violations (See 18 U.S.C. 1001)
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                          GENERAL INSTRUCTIONS

1. This form is required by Rule  12b-25 of the  General  Rules and  Regulations
   unde the Securities Exchange Act of 1934.

2. One signed  original and four  conformed  copies of this form and  amendments
   thereto  must be  completed  and  filed  with  the  Securities  and  Exchange
   Commission,  Washington,  D.C.  20549,  in  accordance  with  Rule 0-3 of the
   General Rules and Regulations under the Act. The information  contained in or
   filed with the form will be made a matte of public  record in the  Commission
   files.

3. A manually signed copy of the form and amendments thereto shall be filed with
   each  national  securities  exchange on which any class of  securities of the
   registrant is registered.

4. Amendments  to the  notifications  must also be filed on Form 12b-25 but need
   not restate information that has been correctly furnished.  The form shall be
   clearly identified as an amended notification.

5. Electronic Filers. This form shall not be used by electronic filers unable to
   timely file a report solely due to electronic difficulties.  Filers unable to
   submit a report  within the time period  prescribed  due to  difficulties  in
   electronic  filing  should  comply  with  either  Rule  201  or  Rule  202 of
   Regulation  S-T  (232.201  or  232.202  of  this  chapter)  or  apply  for an
   adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (232.13(b)
   of this chapter.