• Text size      
  • Send this article to a friend
  • Print this article

Hornby posts loss

Toy firm Hornby vowed to deliver an improvement in its performance today after racking up losses of £1.2 million during the last financial year.

The Margate-based group, whose brands also include Airfix, Scalextric and Corgi, said the deficit for the year to the end of last month will be £200,000 more than expected because of foreign exchange losses.

The company's troubles stem from supply chain woes involving a major model railway manufacturer in China, but with those ties due to be cut from July it expects a "gradual improvement" in its reliability and quality this year.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.