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Home Money Hornby on the gravy train as sets fly off the shelves

Hornby on the gravy train as sets fly off the shelves

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Full steam ahead: Hornby is carrying out a turnaround plan to return to profit

Hornby is enjoying rising sales of its smaller scale model railways after divesting its toy car business.

The model train maker, which is backed by Frasers Group and has Mike Ashley as a consultant, hopes the growing popularity of its smaller scale sets will lead to a strong festive period.

Its TT:120 range, designed for tabletops, includes a £305 replica of the Flying Scotsman, as well as a £205 model of the Inter-City high-speed locomotive.

Full steam ahead: Hornby is carrying out a turnaround plan to return to profit

A spokesman for Hornby said: “It is helping to make the hobby more accessible to a wider audience, particularly those with limited space for a larger design.”

The toy maker is carrying out a turnaround plan in a bid to return to profit. Last week it announced the sale of loss-making LCD Enterprises, which includes the Oxford Diecast car model brand, to EKD Enterprises for £1.38m.

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