Hornby eyeing Airfix? - ToyNews

Hornby eyeing Airfix?

Internet reports this morning suggest that Hornby is considering buying model firm Airfix.
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Sky News reported earlier that it has learnt Hornby is considering plans to purchase the 60 year-old plastic kit producer.

Airfix's parent company Humbrol went into administration yesterday, having suffered trading losses for several years. A new management team had been brought in last December to restructure the business - but had to call time after severe cash flow problems and disruption to supplies.

31 out of the 41 staff have been made redundant.



Humbrol: administrators go in

Having suffered trading losses for several years, Humbrol Ltd, the owner of the famous Airfix modelling brand, has appointed Grant Thornton has its administrator.


Hornby on the up

Hornby has reported a 15 per cent increase in sales to £45m for the year to the end of March, with pre-tax profits up 16 per cent to £7.5m.


Good year for Hornby

Hornby has  announced its preliminary results for the year ended 31st March 2007, with turnover up and profits improving slightly.

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