BusinessBusiness RecoveryGrant Thornton steps in at model-maker

Grant Thornton steps in at model-maker

Britain’s last model maker closes

Administrators from Grant Thornton have been called in at manufacturer
Humbrol, the parent company of Britain’s last model-maker, Airfix, which has now
gone out of business.

Grant Thornton was forced to make 31 redundancies out of a total workforce of
41 at the Hull-based company.

The company had suffered trading losses for several years and had brought in
a new management team in December 2005 to restructure the business.

Severe cash flow pressures and disruption to supplies after the insolvency of
its main manufacturing supplier, Heller, in France brought manufacturing life to
an end, after Airfix starting out in 1949.

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