Preliminary Announcement

Slingsby(H.C.)Plc
19 April 2002

H C SLINGSBY PLC

19 April 2002

R G Hudson

Immediate Release

Preliminary announcement for the year to 31 December 2001

Statement by the Chairman


I am pleased to present your Company's results this year which show a 3%
increase on last year's record pre-tax profit of £1.1 million.

We have continued to improve on infrastructure introduced last year by both
refining our customer database and improving the targeting of our mailings which
has given us a more cost effective marketing strategy. We have adopted a more
reconciled and integrated approach to our marketing communications programme and
have strengthened our personnel in order to develop our strategies even further.
Our main line catalogue has been completely re-vamped with extensive product
range rationalisation, innovative new product development, clearer product
grouping and more complementary sales prompts giving us a far more user friendly
publication.

Our software upgrade was substantially completed during the year and our
Customer Relationship Management System has now been implemented. We have also
continued to focus on improving the systems and working practices within our
telemarketing function to enhance our service levels. We are continuing to
develop our internet strategy and it is our intention to launch our electronic
catalogue later this year.

In my opinion, the effects of the slow down in the UK economy reflect a
combination of the impact of the world-wide downturn, the global fall in share
prices and the short term impact of the foot and mouth crisis. The tragic events
of 11 September provided a further shock to the economy which resulted in a
particularly disappointing fourth quarter of 2001 and a slow start to this year
with our current order book being marginally behind last year's exceptional
first quarter.

As in previous years, I would like to thank all employees for their efforts in
what has been a challenging year.

Your Board is pleased to recommend a final dividend of 25.0p per share (2000 :
25.0p per share). The total dividend for the year is 30.0p per share (2000 :
30.0p per share). The record date will be 31 May 2002 and payment date for final
dividend 1 July 2002.


J F Slingsby

Chairman

19 April 2002


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 24 May 2002 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 2000 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 2001, 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 20 June 2002.










H C Slingsby plc


Profit and Loss Account for the year ended 31 December 2001


                                                                                     Unaudited             Audited

                                                                                          2001                2000

                                                                                         £'000               £'000

Turnover - continuing operations                                                        18,023              17,755
                                                                                         ======              ======
Operating profit - Continuing Operations                                                 1,014                 994
Interest receivable                                                                        122                 108
                                                                                       ________            ________
Profit on ordinary activities before taxation                                            1,136               1,102
Taxation                                                                                  (341)               (327)
                                                                                       ________            ________
Profit attributable to shareholders                                                        795                 775
                                                                                         ======              ======
Dividends :
Interim Paid                                                                                50                  50
Proposed Final                                                                             250                 250
                                                                                       ________            ________
Earnings per share                                                                       79.5p               77.5p
                                                                                         ======              ======


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 £795,000 (2000: £775,000) and
on 1,000,000 (2000: 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 2001


                                                                                     Unaudited             Audited

                                                                                          2001                2000

                                                                                         £'000               £'000
Fixed assets:
Tangible assets                                                                          1,762               1,798
Investments                                                                                300                 300
                                                                                       ________            ________
                                                                                         2,062               2,098
                                                                                       ________            ________
Current assets:
Stock                                                                                    1,409               1,476
Debtors                                                                                  2,871               3,265
Cash at bank and in hand                                                                 3,398               2,578
                                                                                       ________            ________
                                                                                         7,678               7,319
Creditors: Amounts falling due within one year                                          (4,210)             (4,358)
                                                                                       ________            ________
Net current assets                                                                       3,468               2,961
                                                                                       ________            ________
Total assets less current liabilities                                                    5,530               5,059
Provisions for liabilities and charges:
Deferred taxation                                                                          (12)                (35)
                                                                                       ________            ________
Net assets                                                                               5,518               5,024
Capital and reserves:                                                                    ======              ======
Called up share capital                                                                    250                 250
Profit and loss account                                                                  5,268               4,774
                                                                                       ________            ________
Equity shareholders' funds                                                               5,518               5,024
                                                                                         ======              ======








H C Slingsby plc


Cash Flow Statement for the year ended 31 December 2001


                                                                                     Unaudited             Audited

                                                                                          2001                2000

                                                                                         £'000               £'000
Operating activities:
Net cash inflow from operating activities                                                1,286               1,734
Returns on investments and servicing of finance:
Interest received                                                                          121                 108
Taxation:
UK Corporation tax paid                                                                   (324)               (188)
Capital expenditure and financial investment:
Purchase of tangible fixed assets                                                         (354)               (406)
Sales of tangible fixed assets                                                              62                  45
                                                                                       ________            ________
Net cash outflow from capital expenditure
and financial investment                                                                  (292)               (361)
Equity dividends paid                                                                     (300)               (240)
                                                                                       ________            ________
Net cash inflow before use of liquid resources                                             491               1,053
Management of liquid resources:
Increase in short term deposits with banks                                              (1,200)             (1,000)
                                                                                       ________            ________
(Decrease) / Increase in cash in the period                                               (709)                 53
                                                                                         ======              ======






H C Slingsby plc


Cash Flow Statement Notes for the year ended 31 December 2001


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


                                                                                     Unaudited             Audited

                                                                                          2001                2000

                                                                                         £'000               £'000

Net cash inflow from operating activities:
Operating Profit                                                                         1,014                 994
Depreciation charges                                                                       303                 267
Profit on sale of tangible fixed assets                                                     (6)                 (8)
Decrease / (Increase) in stocks                                                             66                 (98)
Decrease / (Increase) in trade debtors                                                     284                (468)
Decrease / (Increase) in prepayments                                                       125                (150)
(Decrease) / Increase in trade creditors                                                  (443)                697
(Decrease) / Increase in other taxation and social security                                (12)                 84
(Decrease) / Increase in other creditors and accrual                                       (45)                416
                                                                                       ________            ________
Net cash inflow from operating activities                                                1,286               1,734
                                                                                         ======              ======









 2. Reconciliation to net cash

                                                                                      Unaudited             Audited

                                                                                           2001                2000

                                                                                          £'000               £'000

Changes during the year
Cash at bank in hand at 1 January                                                         2,578               1,525
(Decrease) / Increase in net cash                                                          (709)                 53
Movement in short-term deposits                                                           1,200               1,000
                                                                                        ________             _______
Cash at bank and in hand at 31 December                                                   3,069               2,578
                                                                                          ======               =====




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