Interim Results

Slingsby(H.C.)Plc
28 September 2000


H C Slingsby plc

Report for the half year to 30 June 2000

Statement by the Chairman

The optimistic note made in my statement for the year ended 31 December 1999
has proved to be well founded, with your Company achieving a record pre-tax
profit for a first half year of £614,000.  This compares to £340,000 for the
corresponding period last year and is mainly due to a turnover increase of
over £1 million.

The effects of improved customer service levels, more accurate customer
targeting and the 'Order Hotline', together with more favourable trading
conditions in our market sectors, have obviously had a positive impact on our
order levels which continue to look encouraging.

The Directors have declared an Interim Dividend of 5.0p (1999:3.0p) per
ordinary share.  This will be paid on 4 January 2001 to shareholders
registered on 1 December 2000.

The unaudited results for the half year ended 30 June 2000 and 30 June 1999
are set out on the attached.  The results for the year to 31 December 1999 are
an abridged version of the full accounts that received an unqualified audit
report and have been filed with the Registrar of Companies.

This interim release has been prepared in accordance with the accounting
policies adopted for and set out in the accounts for the year ending 31
December 1999.

This report, which is to be sent to all shareholders, was approved by the
Board of Directors on 28 September 2000 and is available for inspection at the
Company's registered office.

J F Slingsby
Chairman

28 September 2000

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



H C SLINGSBY PLC

PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2000

                                         Unaudited     Unaudited      Audited
                                         Half Year     Half Year      Year to
                                        To 30/6/00    To 30/6/99  To 31/12/99
                                             £'000         £'000        £'000

Turnover                                     8,963         7,911       15,344
                                             _____         _____       ______

Operating profit                               566           298          557

Interest receivable                             48            42           79
                                                __            __           __

Profit on ordinary operations 
before taxation                                614           340          636

Taxation                                      (184)         (102)        (172)
                                              _____         _____        _____

Profit attributable to shareholders            430           238          464

Dividends                                      (50)          (30)        (240)
                                                __            __          ___

Retained profit                                380           208          224
                                               ===           ===          ===

Earnings per share                            43.0p         23.8p        46.4p
                                              _____         _____        _____

Proposed interim dividend per share            5.0p          3.0p
                                               ____          ____


The company has no recognised gains or losses other than those stated in the
profit and loss account.


H C SLINGSBY PLC

BALANCE SHEET AS AT 30 JUNE 2000

                                         Unaudited     Unaudited      Audited
                                         Half Year     Half Year      Year to
                                        To 30/6/00    To 30/6/99  To 31/12/99
                                             £'000         £'000        £'000

FIXED ASSETS                                 1,780         1,661        1,722

INVESTMENTS                                    300           300          300
                                             -----         -----        -----
                                             2,080         1,961        2,022

CURRENT ASSETS

Stock                                        1,347         1,442        1,378

Debtors                                      3,171         2,489        2,643

Cash at bank and in hand                     2,323         1,863        1,525
                                             -----         -----        -----

                                             6,841         5,794        5,546

CREDITORS: Amounts falling due 
within one year                             (3,962)       (3,190)      (2,989)
                                             -----         -----        -----

NET CURRENT ASSETS                           2,879         2,604        2,557

TOTAL ASSETS LESS CURRENT LIABILITIES        4,959         4,565        4,579

PROVISIONS FOR LIABILITIES AND CHARGES

Deferred taxation                              (30)          (32)         (30)
                                               ---           ---          ---

NET ASSETS                                   4,929         4,533        4,549
                                             =====         =====        =====

CAPITAL AND RESERVES

Called up share capital                        250           250          250

Profit and loss account                      4,679         4,283        4,299
                                             -----         -----        -----

EQUITY SHAREHOLDERS' FUNDS                   4,929         4,533        4,549
                                             =====         =====        =====




H C SLINGSBY PLC

CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30 JUNE 2000

                                         Unaudited     Unaudited      Audited
                                         Half Year     Half Year      Year to
                                        To 30/6/00    To 30/6/99  To 31/12/99
                                 Note        £'000         £'000        £'000

OPERATING ACTIVITIES
Net cash inflow from operating
activities                          1          986           485          745

RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE
Interest received                               25            43           77

TAXATION
UK Corporation tax paid                         --           (10)        (239)

CAPITAL EXPENDITURE AND
FINANCIAL INVESTMENT
Purchase of tangible fixed assets             (208)         (166)        (413)
Sales of tangible fixed assets                  25            33           77
                                               ----          ----         ----

NET CASH OUTFLOW FROM CAPITAL 
EXPENDITURE AND FINANCIAL 
INVESTMENT                                    (183)         (133)        (336)

EQUITY DIVIDENDS PAID                          (30)          (40)        (240)
                                               ----          ----        -----

NET CASH INFLOW BEFORE USE OF 
LIQUID RESOURCES                               798           345            7

MANAGEMENT OF LIQUID RESOURCES
Increase in short-term deposits 
with bank                                     (500)            -            -
                                              _____         _____        _____
 
INCREASE IN CASH IN THE PERIOD      2          298           345            7
                                              =====         =====        =====




H C SLINGSBY PLC

CASH FLOW STATEMENT NOTES FOR THE HALF YEAR ENDED 30 JUNE 2000

1.  RECONCILIATION OF OPERATING PROFIT TO NET CASH INFLOW FROM OPERATING
    ACTIVITIES

                                         Unaudited     Unaudited      Audited
                                         Half Year     Half Year      Year to
                                        To 30/6/00    To 30/6/99  To 31/12/99
                                             £'000         £'000        £'000

Operating profit                               566           298          557
Depreciation                                   130           175          364
Profit on sale of tangible fixed 
   assets                                       (9)          (13)         (29)
Decrease/(increase) in stocks                   31           (99)         (35)
(Increase)/decrease in trade debtors          (379)           72           15
(Increase)/decrease in prepayments            (126)           62          (33)
Increase in trade creditors                    353            36           37
Increase in other taxation and 
   social security                              24            62            1
Increase/(decrease) in other creditors
   and accruals                                396          (108)        (132)
                                               ---          -----        -----

NET CASH INFLOW FROM OPERATING ACTIVITIES      986           485          745
                                               ===           ===          ===

2.  RECONCILIATION TO NET CASH

                                         Unaudited     Unaudited      Audited
                                         Half Year     Half Year      Year to
                                        To 30/6/00    To 30/6/99  To 31/12/99
                                             £'000         £'000        £'000


CHANGES DURING THE YEAR
Cash at bank and in hand at 1 January        1,525         1,518        1,518
Increase in net cash                           298           345            7
Movement in short term deposits                500             -            -
                                             -----         -----        -----
CASH AT BANK AND IN HAND                     2,323         1,863        1,525
                                             =====         =====        =====