Published: 00:05, 19 August 2014 |
Updated: 10:53, 19 August 2014
Model manufacturer Hornby will begin the move of its warehouse facilities from Margate to a new base in Hersden, near Canterbury, in the coming days.
The company announced the closure of its historic site in Thanet in June, after it revealed a £4.5m annual loss which could yet see the model railway maker leave its headquarters on the Kent coast entirely.
The firm has been based in Margate for 60 years but now the distribution warehouse will be moved to Lakeside Business Park, where they will be run by courier firm DS Logistics.
The company said its new warehouse will help it deal with UK customers more effectively over the key Christmas sales period.
In an interim management statement the company said sales performance to the end of July is in line with expectations, with sales of Airfix and Corgi encouraging.
It said the pre-Christmas period will be an important factor in the overall result of this financial year.
The firm’s net debt was up to £10.7m at the end of July, compared to £7.4m the month before and £7.3m at the end of March.
Don't miss out, subscribe today. Keep up to date with our newsletters.
A guide for your future. For year 11 students in Kent and Medway. Click here for the e-edition.
Education, Training & Childcare is a special supplement published by KM Media Group four times a year. Click here for latest e-edition.
Get the latest food and drink news, recipes from some of the nation's top chefs plus updates from Kent's vineyards and breweries.
Search in your local area to find your perfect partner in Kent, with FreshStart Dating! PLUS, register for free!.
Find out what's going on in the garden, with Kent expert Lucy Hewett's weekly update.
Buy pictures that you've seen in a KM newspaper, or send in a picture and we will place it on our photo sales website so that you can purchase a super, unique gift.