Final Results

Slingsby(H.C.)Plc
28 April 2000



Preliminary announcement for the year to 31 December 1999

Statement by the Chairman

The decrease in business confidence within our principal market sectors had an
adverse effect on our order levels for the year, resulting in a 3% decrease in
turnover and a 31% reduction in last year's record pre-tax profit figure.

I  am  pleased, however, to report that towards the end of 1999 and continuing
into  the  current  year,  there has been a positive improvement  in  business
confidence within the commercial and industrial marketplace, resulting  in  an
encouraging first quarter for us.

Our  medium to long term strategy aimed at improving our market share did have
an  immediate  impact  on  profits  by  increasing  expenditure  on  marketing
activities.   However, the evaluation of all marketing activities has  enabled
us  to  quantify the cost of recruiting new and reactivating former customers.
Whilst  the  emphasis will be on contacting our 'active' customers,  there  is
also  planned  activity with the aim of further increasing our  customer  base
during  the  current  year.   Customer  service  initiatives  are  also  being
undertaken  to  further improve the level of service  to  our  customers.   In
addition to a new telephone 'Order Hotline', providing a 24 hour operator call
handling,  a  new customer contact database will be introduced to enable  more
accurate customer targeting to be performed and consequently, enhance  service
levels throughout the organisation.

Although  we  have had an internet presence for some time at www.slingsby.com,
we  now  view the development of e-commerce as an important part of our  long-
term marketing strategy and we are currently evaluating several initiatives in
this rapidly changing new channel to market.

We  welcome  to  the  Board Mr Ernie Round, who joined us  six  years  ago  as
Operations  Manager  and  has  primarily been  responsible  for  updating  our
computer  systems.   We also welcome Mr Eric Gudgeon as our  Independent  Non-
Executive Director, who was formerly Chairman and Chief Executive of Von  Roll
Isola Limited.

I  would  like  to  thank all our employees once again for their  considerable
contribution in what proved to be a difficult year.

Your  Board is pleased to recommend a final dividend of 21.0p per share (1998:
20.0p  per share).  The total dividend for the year is 24.0p per share  (1998:
24.0p  per  share).  The record date will be 5 June 2000 and the payment  date
for the final dividend 3 July 2000.


J F Slingsby
Chairman


Registered Office
Preston Street, Bradford, West Yorkshire  BD7 1JF



The  following  extracts are not full financial statements  for  the  Company.
Full  financial statements will be issued to the shareholders on 25  May  2000
and will be available to members of the public at the registered office of the
Company  from that date.  The announcement has been agreed with the  Company's
auditors for release.

The  information  for the year ended 31 December 1998 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 statutory accounts for the year ended 31 December 1999,  upon
which  the  auditors have still to report, will be delivered to the  Registrar
following the Company's Annual General Meeting.

The Annual General Meeting will be held on 29 June 2000.


H C Slingsby plc

Profit and Loss Account for the year ended 31 December 1999

                                                       
                                            Unaudited  Audited
                                                       
                                            1999       1998
                                                       
                                            £'000      £'000
                                                                 
Turnover - continuing operations           15,344     15,856
                                                           
Operating profit                              557        820
                                                            
Interest receivable                            79         99
                                                            
Profit on ordinary operations before          636        919
taxation
                                                            
Taxation                                     (172)      (252)
                                                            
Profit attributable to shareholders           464        667
                                                            
Dividends :                                                 
                  Interim Paid                 30         40
                  Proposed Final              210        200
                                                            
Earnings per share                           46.4p      66.7p




The  Company does not have any recognised gains or losses than those  recorded
above  within the profit and loss account, and therefore no separate statement
of total recognised gains and losses has been presented.


Earnings per share

Basic  earnings per share is based upon earnings of £464,000 (1998:  £667,000)
and  on 1,000,000 (1998: 1,000,000) ordinary shares in issue during the  year.
There  is  no difference between basic earnings per share and diluted earnings
per share for both years stated.


H C Slingsby plc

Balance Sheet as at 31 December 1999


                                            Unaudited   Audited
                                               1999       1998
                                              £'000      £'000
Fixed assets                                                
Tangible assets                               1,722      1,749
                                                            
Investments                                     300        300
                                                            
                                              2,022      2,049
                                                            
Current assets                                              
                                                            
Stock                                         1,378      1,343
                                                            
Debtors                                       2,644      2,624
                                                            
Cash at bank and in hand                      1,524      1,517
                                                            
                                              5,546      5,484
                                                            
Creditors:  Amounts falling due within one   (2,989)    (3,165)
year
                                                            
Net current assets                            2,557      2,319
                                                            
Total assets less current liabilities         4,579      4,368
                                                            
Provisions for liabilities and charges                      
                                                            
Deferred taxation                              (30)       (42)
                                                            
Net assets                                    4,549      4,326
                                                            
Capital and reserves                                        
                                                            
Called up share capital                         250        250
                                                            
Profit and loss account                       4,299      4,076
                                                            
Equity shareholders' funds                    4,549      4,326



H C Slingsby plc

Cash Flow Statement for the year ended 31 December 1999




                                                       
                                            Unaudited  Audited
                                                       
                                            1999       1998
                                                       
                                            £'000      £'000
Operating activities                                   
Net cash inflow from operating activities     745      1,466
                                                            
Returns on investments and servicing of                     
finance
Interest received                              77         97
                                                            
Taxation                                                    
UK Corporation tax paid                      (239)      (187)
                                                            
Capital expenditure and financial                           
investment
                                                            
Purchase of tangible fixed assets            (413)      (727)
Purchase of investments                        -        (300)
Sales of tangible fixed assets                 77        127
                                                            
Net cash outflow from capital expenditure                   
and financial investment                     (336)      (900)
                                                            
Equity dividends paid                        (240)      (180)
                                                            
Net cash inflow before use of liquid            7         296
resources
                                                            
Management of liquid resources                              
Increase in short term deposits with banks      -        (250)
                                                            
Increase in cash in the period                  7          46


H C Slingsby plc

Cash Flow Statement Notes for the year ended 31 December 1999


1.  Reconciliation  of  operating profit to net  cash  inflow  from  operating
activities


                                                       
                                            Unaudited  Audited
                                                       
                                            Year to    Year to
                                                       
                                             1999       1998
                                                       
                                            £'000      £'000
                                                       
Net cash inflow from operating activities              
Operating Profit                              557        820
Depreciation charges                          364        342
Profit on sale of tangible fixed assets       (29)       (78)
(Increase)/decrease in stocks                 (35)       163
(Increase)/decrease in debtors                (18)        80
(Decrease)/increase in creditors              (94)       139
                                                            
Net cash inflow from operating activities     745      1,466
                                                       
                                                       
                                                       



2.   Analysis of changes in net cash

                                            
                                At 1/1/99  Cash Flows  At 31/12/99
                                                       
                                £'000       £'000      £'000
                                                       
Cash at bank in hand              517          7         524
Liquid resources                1,000          -       1,000
                                                            
                                1,517          7       1,524