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.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

A new management team – which had been brought in last December to restructure the business – finally had to call time on the firm following severe cash flow problems and disruption to supplies caused by the insolvency of its principal manufacturing supplier, Heller SA in France.

The administrators have made 31 redundancies out of the 41-strong workforce. Grant Thornton is now looking to sell on the brand names and IP – including Airfix and Humbrol - to a potential investor.

Keith Hinds from the firm said: “As a consequence of the uncertainty of product supply, deliveries to customers are being limited to despatches from current stock lines and ongoing trading is extremely restricted. These redundancies are unfortunately the inevitable consequence of the circumstances faced by the company.”

Related

5_StephenGreen.jpg

Galleon - Going it alone

Galleon has chosen not to go down the master toy licensee route with its latest property, Skunk Fu. Here, CEO Stephen Green explains why he made that choice and what benefits the firm is now reaping...

5_Pocoyo.jpg

Tough going for MV

MV Sports? parent company Tandem has posted its latest financial results, showing both turnover and profits down.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.