A toymaker on the road to growth with a financial boost | Southeast Deals

A historic toymaker – which is behind several brands including a well-known model train specialist – has secured a £12million facility, with the group set to use the money to fund its plans to ‘expansion.

Hornby Hobbies develops, produces and supplies hobby products and toys to the global market.

Founded in 1901, its brands now include Hornby, Scalextric, Airfix, Humbrol and Corgi.

It also employs over 200 people globally, with offices based in the UK, Americas, France, Germany, Spain and Italy.

Hornby secured a combined £12m facility from Secure Trust Bank Commercial Finance, consisting of a £6m accounts facility and a £6m inventory facility.

This will help Hornby meet demand as it continues to serve the global market, with a boost following a resurgence of the business in recent years.

Since welcoming a new management team in 2017, the hobby specialist has seen a substantial turnaround, with sales growing and a return to profit. In 2019, Hornby reported turnover of £32.6m, which rose to £37.6m in 2020 and £45.9m in 2021.

Managing Director Lyndon Davies said: “The past few years have been transformational for Hornby. Our priority has been to keep the business on track and thrive for the millions of collectors and enthusiasts around the world.

“Since welcoming our new management team, we have expanded our workforce, improved our knowledge of the market and established partnerships with the best manufacturers.

“The support we have received from Secure Trust Bank should prove invaluable, and this new facility will help us continue to create timeless products that our customers love. Their commercial finance team have taken the time to fully understand the needs of our company, to make the process quick and easy.”

Tony Young, London and South East Regional Sales Manager at Secure Trust Bank Commercial Finance, added: “It has been a pleasure working with Hornby and getting to know the management team. Hornby is a household name and the success of recent years reflects the hard work and dedication of his team.

“With this facility in place, Hornby can continue to thrive and invest in a legacy that began over a century ago.”

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