Margate toy firm Hornby to bring some production back to UK
The Kent-based toy company Hornby is bringing some production back to Britain in a bid to return to profit.
The firm, based in Margate, lost £4.6m in the last financial year, and £3.4m the year before.
The company, whose brands include Airfix, Scalextric and Corgi, said supply chain issues in China had caused major problems.
It has now moved its UK warehousing and logistics operations to a new site 11 miles (18km) outside Margate.
Production ceased at the firm's Kent base in 2000, with the toys subsequently being manufactured in China.
Richard Ames, the company's new chief executive, set out his plans for getting the firm back on track.
As well as moving its warehousing and logistics operations, the firm has cut ties with a major model railway manufacturer in China.
Mr Ames, a former Ladbrokes and Dixons director, said that on top of the poor financial performance, the problems the firm had experienced jeopardised its relationship with its customers.
"This is an extremely important issue, as these are the true fans of the brands," he said. "It is key that we do not take these fans for granted.