Final Results

Slingsby(H.C.)Plc
27 April 2001

H. C. Slingsby p.l.c.



Preliminary announcement for the year to 31 December 2000



Statement by the Chairman



I am delighted to present your Company's results this year, which reflect the
encouraging factors we had first noted towards the end of the previous year.
The pre-tax profit figure of £1.1 million shows an increase of 73% on last
year and is 20% higher than our previous record figure.



A more pro-active contact management strategy, together with structured
regular mailing, has enabled us to reinforce customer loyalty and build
customer retention.  New product development and improved service levels have
enhanced brand value and helped build a stronger corporate identity.  A more
targeted approach to our mailings has enabled us to reduce costs and the
control of overhead expenditure has also impacted on our improved
profitability.



During the latter part of the year we commenced the upgrade of our computer
software across the whole organisation.  The system, when completely
installed, will be fully web-enabled, encompassing the latest techniques in
Customer Relationship Management.  This will duly provide us with the
infrastructure to complete and subsequently enhance our internet strategy,
which will give customers the facility to place and track orders in addition
to making enquiries.



Initiatives for the forthcoming year include a broader range of measures to
further reduce the cost of customer recruitment.  We envisage that greater
emphasis on e-commerce and improving our telemarketing operations will also
provide opportunities to enhance operating efficiency.  Additionally, we are
changing our marketing structure to enable us to focus our efforts on more
range development and improving procurement efficiency, which will allow us to
reduce dependency and take greater control of the supply chain.



Whilst I am pleased to report that the first quarter's results matched your
Board's expectations, I think it would be complacent not to be mindful of the
possible effects of a number of factors both economic and political which
could have a detrimental effect on our market sectors.



I would like to place on record my thanks to the staff for their efforts and
commitment in what has been a busy and eventful year.



Your Board is pleased to recommend a Final Dividend of 25.0p per share (1999:
21.0p per share).  The total dividend for the year is 30.0p per share (1999:
24.0p per share).  The record date will be 1 June 2001 and the payment date
for the final dividend 2 July 2001.





J F Slingsby
Chairman

27 April 2001


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 2001
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 1999 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 2000, 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 21 June 2001.

H. C. Slingsby p.l.c.

Profit and Loss Account for the year ended 31 December 2000


                                           Unaudited                  Audited
                                                2000                     1999
                                               £'000                    £'000

Turnover - continuing operations              17,755                   15,344
                                               =====                    =====

Operating profit                                 994                      557
                                       
Interest receivable                              108                       79
                                       
                                          ----------               ----------

Profit on ordinary operations before           1,102                      636
taxation                                                        

Taxation                                        (327)                    (172)
                                       
                                          ----------               ----------

Profit attributable to shareholders             775                       464
                                       
                                              =====                     =====

Dividends :
                  Interim Paid                   50                        30
                  Proposed Final                250                       210
                                       
                                         ----------                ----------

Earnings per share                             77.5p                     46.4p
                                       
                                              =====                     =====



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 £775,000 (1999: £464,000)
and on 1,000,000 (1999: 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 p.l.c.

Balance Sheet as at 31 December 2000


                                            Unaudited                 Audited
                                                 2000                    1999
                                               £ '000                   £'000
                                       
Fixed assets
Tangible assets                                 1,798                   1,722
                                       
Investments                                       300                     300
                                       

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

                                                2,098                   2,022

                                           ----------              ----------
Current assets
Stock                                           1,476                   1,378

Debtors                                         3,265                   2,644

Cash at bank and in hand                        2,578                   1,524

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

                                                7,319                   5,546

Creditors:  Amounts falling due within
one year                                       (4,358)                 (2,989)

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

Net current assets                              2,961                   2,557
                                       
                                           ----------              ----------

Total assets less current liabilities           5,059                   4,579
                                       

Provisions for liabilities and charges
Deferred taxation                                (35)                     (30)  

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

Net assets                                     5,024                    4,549
                                       
                                               =====                    =====

Capital and reserves
Called up share capital                          250                      250
                                       
Profit and loss account                        4,774                    4,299

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


Equity shareholders' funds                     5,024                    4,549
                                       
                                               =====                    =====





H. C. Slingsby p.l.c.

Cash Flow Statement for the year ended 31 December 2000

                                          Unaudited                  Audited
                                               2000                     1999
                                              £'000                    £'000
                                                   
                                     
Operating activities
Net cash inflow from operating                                              
activities                                    1,734                      745

Returns on investments and servicing
of finance
Interest received                               108                       77
                                      
Taxation
UK Corporation tax paid                        (188)                    (239)   
  
Capital expenditure and financial
investment

Purchase of tangible fixed assets              (406)                    (413)
Sales of tangible fixed assets                   45                       77
                                        
                                         ----------                ---------

Net cash outflow from capital
expenditure
and financial investment                       (361)                    (336)
                                      

Equity dividends paid                          (240)                    (240)

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

Net cash inflow before use of liquid
resources                                     1,053                        7


Management of liquid resources
Increase in short term deposits with
banks                                        (1,000)                       -

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

Increase in cash in the period                   53                        7
                                       
                                              =====                    =====


H. C. Slingsby p.l.c.

Cash Flow Statement Notes for the year ended 31 December 2000


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


                                           Unaudited                   Audited
                                                2000                      1999
                                               £'000                     £'000
                                                               

Net cash inflow from operating
activities
Operating profit                                 994                       557
Depreciation charges                             267                       364
Profit on sale of tangible fixed                  
assets                                            (8)                      (29)
(Increase) in stocks                             (98)                      (35) 
(Increase)/decrease in trade debtors            (468)                       15  
(Increase) in prepayments                       (150)                      (33) 
Increase in trade creditors                      697                        37
Increase in other taxation and social
security                                          84                         1
Increase/(decrease) in other creditors
and accrual                                      416                      (132)

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

Net cash inflow from operating                 1,734                       745
activities                                                      
                                               =====                     =====

2.             Reconciliation to net cash


                                         Unaudited                 Audited
                                              2000                    1999
                                             £'000                   £'000

Changes during the year
Cash at bank in hand at 1 January            1,525                   1,518
Increase in net  cash                           53                       7
Movement in short-term deposits              1,000                       -
                                                        
                                         ---------              ----------


Cash at bank and in hand at 31               2,578                   1,525
December

                                             =====                   =====




END