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.

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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.

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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.

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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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