Hornby has confirmed it has reached a conditional agreement to sell one one of its model vehicle brands, Oxford Diecast, to a company owned by the Thanet firm’s former chief executive.

The disposal will release the Oxford Diecast brand from the company's portfolio. It was started in 1993 and is one of the world's largest manufacturers of 1:76 scale models. Hornby said the sale ...

The sale will see EKD take control of the Oxford Diecast brand, which was started in 1993 and is one of the world’s largest manufacturers of 1:76 scale models. Hornby said Oxford Diecast made a ...

Hornby has agreed to sell off a loss-making subsidiary which makes Oxford Diecast models. Shares in the scale models group rose after it confirmed the deal, which comes as part of a strategy to ...

It does not necessarily reflect the view of The Herald. Hornby has agreed to sell off a loss-making subsidiary which makes Oxford Diecast models. Shares in the scale models group rose after it ...

Hornby is to sell its Oxford Diecast business as part of a strategic review (Alamy/PA) Hornby has agreed to sell off a loss-making subsidiary which makes Oxford Diecast models. Shares in the scale ...

Hornby has agreed to sell off a loss-making subsidiary which makes Oxford Diecast models. Shares in the scale models group rose after it confirmed the deal, which comes as part of a strategy to boost ...

Hornby said Oxford Diecast made a roughly £200,000 pre-tax loss for the year to March 31, and has net book value of almost £3 million on the group’s balance sheet.

Hornby said Oxford Diecast made a roughly £200,000 pre-tax loss for the year to March 31, and has net book value of almost £3 million on the group’s balance sheet.