Business is firmly back on the rails at toy manufacturer Hornby. The firm, which was founded in 1901, has secured a £12m combined facility from Secure Trust Bank Commercial Finance to help it meet growing demand for its brands which include Hornby, Airfix, Scalextric, Corgi and Humbrol.
The company has undergone a major turnaround under its current management team with significant increases in its revenues – to £45.9m for FY21, and has returned to profit.
CEO Lyndon Davies said: “The past few years have been transformational for Hornby. It’s been our priority to keep the business on track and thriving for the millions of collectors and hobbyists across the globe. Since welcoming our new management team, we have expanded our workforce, enhanced our market knowledge, and established partnerships with the best manufacturers.”