Final Results

Slingsby(H.C.)Plc
27 April 2007


H C SLINGSBY PLC (the 'Company')


Unaudited Preliminary announcement for the year ended 31 December 2006


Statement by the Chairman


I wish to open my statement by expressing thanks for the dedicated service of my
predecessor, J F (Jimmie) Slingsby, who sadly passed away in March after serving
the company with distinction for over 53 years. Your Board intends to build on
the strong foundations his leadership created within the business.


I am pleased to report that the Company achieved a better second half of the
year, with pre-tax profits for the full year of £1.1m (2005: £3.6m), up from
£361,000 at the half year-end.  2005 saw a profit on sale of assets of £2.3m,
which boosted the pre-tax profit figure and the dividend. The 2006 profit on
disposal of fixed assets of £144,000 relates mainly to the sale of the Glasgow
branch.


The review of overhead expenditure and rationalisation plan implemented last
year has been key to our improved performance in the second half of the year. We
have improved profitability as a result of both the measures taken and the
operating efficiencies arising from relocation to our new site.


After some initial difficulties, our new IT system is now also operating
effectively and we look forward to continued improvement of service levels
across our business. During the year, we also successfully completed an update
of our brand image and core values. We now have far greater consistency and
clarity across our communications, providing a robust platform for adding
further value.


On behalf of the Board, I wish to place on record our thanks and appreciation to
all our employees for their dedication and teamwork throughout the year and in
particular ensuring that the move to our new site went smoothly.


The 2007 year has started satisfactorily but there remains considerable
uncertainty in the market and trading is inconsistent. Your Board remains
cautious but is pleased to recommend a final dividend of 35.0p per share (2006:
38.0p). The total dividend for the year is therefore 40.0p per share (2005:
45.0p). The record date will be 1 June 2007 and the payment date for the final
dividend will be 4 July 2007.


J R Waterhouse

Non-Executive Chairman

27 April 2007


Registered Office

Otley Road

Baildon, Shipley

West Yorkshire BD17 7LW



The following extracts are not full financial statements for the Company, as
defined by section 240 of the Companies Act 1985.  Full financial statements
will be issued to the shareholders on 23 May 2007 and will be available to
members of the public at the registered office of the Company from that date.
The statutory accounts for the year ended 31 December 2006, upon which the
auditors have still to report, will be delivered to the Registrar following the
Company's Annual General Meeting.



The information for the year ended 31 December 2005 is an extract from the
statutory accounts to that date, which have been delivered to the Registrar of
Companies.  Those accounts included an audit report which was unqualified and
which did not contain a statement under Section 237(2) or (3) of the Companies
Act 1985.



The Annual General Meeting will be held on 21 June 2007.


H C Slingsby plc


Unaudited Consolidated Profit and Loss Account for the year ended 31 December 2006

                                                                                      2006              2005
                                                                                     £'000             £'000

Turnover - continuing operations                                                    19,044            19,886
                                                                                  ---------         ---------
                              _______________________________________________________________________________
                                                                                     

Operating profit - before exceptional item                                           1,085             1,468

Exceptional item                                                                       (42)             (128)
                              _______________________________________________________________________________


Operating profit                                                                     1,043             1,340

Profit on disposal of fixed assets                                                     144             2,287
                                                                                  ---------         ---------

Profit on ordinary activities before interest and taxation                           1,187             3,627

Bank interest receivable                                                                89                96

Interest payable                                                                       (89)              (50)

Other finance costs                                                                    (67)              (57)
                                                                                  ---------         ---------
Profit on ordinary activities before taxation                                        1,120             3,616
Taxation                                                                              (363)             (449)
                                                                                  ---------         ---------
Profit attributable to shareholders                                                    757             3,167

Dividends                                                                             (450)             (420)
                                                                                  ---------         ---------
Retained profit                                                                        307             2,747
                                                                                  ---------         ---------
Basic and diluted earnings per share                                                  75.7p            316.7p
                                                                                  ---------         ---------
Proposed final dividend per share                                                     35.0p             38.0p

                                                                                  ---------         ---------

Earnings per share


Basic earnings per share is based upon earnings of £757,000 (2005: £3,167,000)
and on 1,000,000 (2005: 1,000,000) ordinary shares in issue during the year.
There are no potentially dilutive shares in issue.


H C Slingsby plc


Unaudited Statement of Group Total Recognised Gains and Losses for the Year Ended 31 December 2006

                                                                                     2006             2005
                                                                                    £'000            £'000

Profit for the financial year                                                         757            3,167
Actuarial gain/(loss) on pension scheme                                               283           (1,198)
Movement in deferred tax relating to pension asset
                                                                                      (85)             359
Exchange adjustment                                                                     9                4
                                                                                 ---------        ---------
Total gains recognised for the year                                                   964            2,332
                                                                                 ---------        ---------


H C Slingsby plc


Unaudited Group Balance Sheet as at 31 December 2006

                                                                                         2006              2005
                                                                                        £'000             £'000
Fixed assets:
Tangible assets                                                                         7,555             6,538
                                                                                     ---------         ---------
                                                                                        7,555             6,538
                                                                                     ---------         ---------
Current assets:

Stock                                                                                   1,583             1,623
Debtors                                                                                 3,387             4,105
Cash at bank and in hand                                                                1,868             4,056
                                                                                     ---------         ---------
                                                                                        6,838             9,784
Creditors:  Amounts falling due within one year                                        (3,570)           (5,485)
                                                                                     ---------         ---------
Net current assets                                                                      3,268             4,299

                                                                                     ---------         ---------
Total assets less current liabilities                                                  10,823            10,837


Creditors: Amounts falling due after more than one year                                  (251)             (613)


Provisions for liabilities and charges:
Deferred taxation                                                                        (202)             (174)
                                                                                     ---------         ---------

Net assets excluding pension liability                                                 10,370            10,050

Pension fund liability                                                                 (2,685)           (2,879)

                                                                                     ---------         ---------
Net assets including pension liability                                                  7,685             7,171
                                                                                     ---------         ---------
Capital and reserves:
Called up share capital                                                                   250               250
Profit and loss account                                                                 7,435             6,921

                                                                                     ---------         ---------

Equity shareholders' funds                                                              7,685             7,171

                                                                                     ---------         ---------


H C Slingsby plc


Unaudited Consolidated Cash Flow Statement for the year ended 31 December 2006

                                                                                          2006             2005
                                                                                         £'000            £'000
Operating activities:
Net cash inflow from operating activities (Note 1)                                         671              995
Returns on investments and servicing of finance:

Bank interest received                                                                      90              106
Bank interest payable                                                                     (121)             (18)
                                                                                      ---------        ---------
Net cash (outflow)/inflow from returns on investments and servicing of finance
                                                                                           (31)              88
                                                                                      ---------        ---------
Taxation:

UK Corporation tax paid                                                                   (323)            (450)
Capital expenditure and financial investment:

Purchase of tangible fixed assets                                                       (1,881)          (5,046)
Sales of tangible fixed assets                                                             197            3,380
Sale of investment                                                                           -              300
                                                                                      ---------        ---------
Net cash outflow from capital expenditure
and financial investment                                                                (1,684)          (1,366)

Equity dividends paid                                                                     (450)            (420)

                                                                                      ---------        ---------
Net cash outflow before use of liquid resources and financing                           (1,817)          (1,153)


Management of liquid resources:

Decrease in short term deposits with banks                                               1,730            1,900

Financing
Capital element of finance lease payments                                                 (380)             (76)
                                                                                      ---------        ---------
(Decrease)/increase in cash in the year                                                   (467)             671

                                                                                      ---------        ---------

H C Slingsby plc


Unaudited Consolidated Cash Flow Statement Notes for the year ended 31 December 2006


1.  Reconciliation of Operating Profit to Net Cash Inflow from Operating Activities


                                                                                          2006             2005
                                                                                         £'000            £'000

Net cash inflow from operating activities:
Operating profit                                                                         1,043            1,340
Depreciation charges                                                                       677              394
Difference between pension charge and contributions                                        (61)            (109)
Decrease in stocks                                                                          40                2
Decrease/(increase) in trade debtors                                                       661             (808)
Decrease/(increase) in prepayments                                                          60             (151)
(Decrease)/increase in trade creditors                                                  (1,360)             197
Increase/(decrease) in other taxation and social security                                   52             (128)
(Decrease)/increase in other creditors and accruals                                       (441)             258
                                                                                      ---------        ---------
Net cash inflow from operating activities                                                  671              995

                                                                                      ---------        ---------


2.             Reconciliation to Net Cash
                                                                                         2006              2005
                                                                                        £'000             £'000
Changes during the year
Net cash at 1 January                                                                   4,056             5,281
(Decrease)/increase in net cash                                                          (467)              671

Movement in short term deposits                                                        (1,730)           (1,900)

Exchange adjustment                                                                         9                 4
                                                                                     ---------         ---------
Net cash                                                                                1,868             4,056
                                                                                     ---------         ---------

Represented by:

Liquid resources                                                                        1,270             3,000
Cash in hand and at bank                                                                  598             1,056
                                                                                     ---------         ---------
Net Cash                                                                                1,868             4,056
                                                                                     ---------         ---------


3.      The financial statements, which are unaudited, have been prepared on the
        basis of the accounting policies set out in the 2005 Annual Report and Accounts.


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