It's 19th century London and Oliver Twist (BARNEY CLARK) is a 9-year-old orphan who goes from one bad situation -- slaving away and starving in a workhouse for beadle Mr. Bumble (JEREMY SWIFT) -- to another such as working for and living in undertaker Mr. Sowerberry's (MICHAEL HEATH) home and workplace where he's terrorized by the man's wife.
Having enough of that, young Oliver sets out on foot for London where he runs into Artful Dodger (HARRY EDEN), the leader of a pack of pickpockets and shoplifters who bring home their daily booty to their ringleader Fagin (BEN KINGSLEY). Always open for another petty criminal hand, Fagin takes in Oliver and feeds and educates him in the ways of the boys' trade. He also meets Fagin's criminal acquaintance Bill Sykes (JAMIE FOREMAN), that man's girlfriend, the comely Nancy (LEANNE ROWE), and eventually Sykes' criminal partner Toby Crackit (MARK STRONG).
While watching Dodger and another boy "working," Oliver is mistakenly pointed out as the one who tried to pickpocket Mr. Brownlow (EDWARD HARDWICKE), a proper gentleman who, upon learning of Oliver's innocence, decides to take in the boy and give him a proper upbringing. Yet, Oliver's past acquaintances won't let him be, eventually kidnapping and forcing him to assist in a robbery of Brownlow's home. From that point on, things spiral out of control for all involved.