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The Independent UK

Business

Holly Williams

Toy firm Hornby unveils plans to go private

Hornby Mike Ashley Scalextric AiM Deliveroo

Model train firm Hornby has revealed plans to go private (Danny Lawson/PA) - (PA Wire)

Mike Ashley-backed Scalextric and model train firm Hornby has revealed plans to go private, blaming regulatory hurdles and costs involved with a stock market listing.

The Aim-listed group – which has been undergoing a turnaround with advice from Frasers founder and billionaire Mr Ashley – said it plans to re-register as a private company to help with its ongoing overhaul.

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