HORNBY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£587K
-47.4% vs 2024
Net assets
£13M
-48.2% vs 2024
Employees
229
+0.9% vs 2024
Profit before tax
-£9M
-3.4% vs 2024
Name history
Renamed 3 times since incorporation — the current trading name was adopted 2025-04-17
- HORNBY LIMITED 2025-04-17 → present
- HORNBY PLC 1996-08-19 → 2025-04-17
- HORNBY GROUP PLC 1986-11-05 → 1996-08-19
- WILTMINSTER LIMITED 1981-02-25 → 1986-11-05
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £53,790,000 | £56,568,000 | |
| Operating profit | -£6,438,000 | -£6,130,000 | |
| Profit before tax | -£8,514,000 | -£8,801,000 | |
| Net profit | -£12,087,000 | -£11,023,000 | |
| Cash | £1,116,000 | £587,000 | |
| Total assets less current liabilities | £27,860,000 | £15,068,000 | |
| Net assets | £24,316,000 | £12,604,000 | |
| Equity | £24,316,000 | £12,604,000 | |
| Average employees | 227 | 229 | |
| Wages | £9,644,000 | £10,151,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -12.0% | -10.8% | |
| Net margin | -22.5% | -19.5% | |
| Return on capital employed | -23.1% | -40.7% | |
| Gearing (liabilities / total assets) | 55.9% | 72.1% | |
| Current ratio | 1.17x | 0.83x | |
| Interest cover | -3.85x | -2.91x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has in place a £12.0 million Asset Based Lending (ABL) facility with Secure Trust Bank PLC ("STB") through to December 2026. In addition, the Group has a committed £12.55 million loan facility with Phoenix UK Fund (the Group's largest shareholder) which currently expires December 2026. ... For these reasons, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- HORNBY LIMITED · parent
- Hornby Hobbies Limited 100%
- Hornby America Inc. 100%
- Hornby España S.A 100%
- Hornby Italia s.r.l. 100%
- Hornby France S.A.S. 100%
- Hornby Deutschland GmbH 100%
- Hornby Industries Limited 100%
- H&M (Systems) Limited 100%
- Hornby World Limited 100%
- Hornby Hobbies India Private Limited 99%
Significant events
- “The Group de-listed form AIM on the 10th April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NARAYAN, Adrian Ashwin | Secretary | 2025-11-28 | — | — |
| BATRAM, Nicholas Paul | Director | 2024-02-12 | Apr 1968 | British |
| CARTER, Daniel | Director | 2020-07-16 | Feb 1995 | British |
| NARAYAN, Adrian Ashwin | Director | 2025-11-28 | Oct 1973 | British |
| RAEBURN, Oliver Max | Director | 2023-01-23 | Sep 1970 | British |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Alan Robert | Secretary | — | 1996-12-04 |
| GOULD, Kirstie Elaine | Secretary | 2018-01-04 | 2025-11-28 |
| MULLIGAN, David Kevin | Secretary | 2016-08-18 | 2017-12-31 |
| STACEY, Amy Victoria | Secretary | 2014-04-01 | 2016-08-18 |
| STANSFIELD, John Watson | Secretary | 1996-12-04 | 2013-07-10 |
| STONE, Nicholas Philip | Secretary | 2013-06-06 | 2014-04-01 |
| ADAMS, David Alexander Robertson | Director | 2014-01-09 | 2017-12-31 |
| AMES, Richard Jonathan | Director | 2014-04-28 | 2016-02-15 |
| CAMINADA, Charles Jerome | Director | 2014-01-09 | 2016-12-22 |
| CANHAM, Roger Timothy | Director | 2012-11-07 | 2017-06-21 |
| CARRINGTON, Nigel Martyn, Sir | Director | 2007-12-01 | 2014-01-31 |
| COLE, Nicholas Bernard William | Director | 1998-01-01 | 2001-05-14 |
| COOKE, Stephen Andrew | Director | 2015-07-13 | 2017-10-03 |
| COSH, Nicholas John | Director | 1999-06-21 | 2008-07-28 |
| COX, Alan Robert | Director | — | 1996-12-04 |
| DAVIES, Lyndon | Director | 2017-10-05 | 2024-11-28 |
| DE ZOETE, Henry George | Director | 2022-01-05 | 2023-06-30 |
| GEORGE, Martin Peter | Director | 2016-12-22 | 2018-11-09 |
| GOULD, Kirstie Elaine | Director | 2018-01-04 | 2025-11-28 |
| HILL, Gordon Victor | Director | 1995-11-21 | 1998-02-27 |
| HOFFMAN, Michael Richard | Director | 1997-01-01 | 1998-04-17 |
| JOHNSON, Neil Anthony | Director | 1998-07-01 | 2013-02-01 |
| MARGRY, Jacques Gerard | Director | — | 1993-05-14 |
| MARTIN, Frank | Director | 2001-01-03 | 2014-01-09 |
| MORRIS, Andy Jonathan James | Director | 2007-11-26 | 2013-02-15 |
| MULLIGAN, David Kevin | Director | 2016-05-26 | 2017-12-31 |
| NABBS, Timothy Paul | Director | 1998-12-01 | 2001-05-14 |
| NESS, Keith Lawrence | Director | — | 1996-02-19 |
| NEWEY, Peter, Mr. | Director | 1993-05-20 | 2000-12-22 |
| PASSET, Frits | Director | 1998-12-01 | 2001-01-14 |
| ROBINS, David Arthur | Director | 1999-06-21 | 2001-05-14 |
| ROLFE, Mark Edward | Director | 2008-01-01 | 2014-01-31 |
| SACHDEV, Nileshbhai Jayantilal | Director | 2024-08-09 | 2025-04-17 |
| STANSFIELD, John Watson | Director | 2018-01-04 | 2025-04-17 |
| STANSFIELD, John Watson | Director | 1996-12-04 | 2007-12-03 |
| STONE, Nicholas Philip | Director | 2013-02-01 | 2015-07-13 |
| STONE, Nicholas Philip | Director | 2013-02-01 | 2013-02-01 |
| STROWGER, Gaston Jack | Director | — | 1994-03-31 |
| THOMAS, Malcolm | Director | — | 1999-07-16 |
| WILSON, James Edward Hully | Director | 2017-08-01 | 2020-07-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Phoenix Asset Management Partners Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 310 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-17 CERT10 Certificate re registration public limited company to private
- 2025-04-17 RESOLUTIONS Resolution
- 2025-04-17 RR02 Reregistration public to private company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-06 | AA | accounts | Accounts with accounts type group | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-18 | CH01 | officers | Change person director company with change date | |
| 2025-08-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-04-17 | MAR | incorporation | Re registration memorandum articles | |
| 2025-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-17 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-02-11 | SH06 | capital | Capital cancellation shares | |
| 2025-02-11 | SH03 | capital | Capital return purchase own shares | |
| 2025-01-07 | SH06 | capital | Capital cancellation shares | |
| 2025-01-07 | SH03 | capital | Capital return purchase own shares | |
| 2024-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-29 | AAMD | accounts | Accounts amended with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 4
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+5.2%
£53,790,000 £56,568,000
-
Cash
-47.4%
£1,116,000 £587,000
-
Net assets
-48.2%
£24,316,000 £12,604,000
-
Employees
+0.9%
227 229
-
Operating profit
+4.8%
-£6,438,000 -£6,130,000
-
Profit before tax
-3.4%
-£8,514,000 -£8,801,000
-
Wages
+5.3%
£9,644,000 £10,151,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers