Make your money go further for just 25p per day

Coronavirus impact: 29 Oct - red flag report doesn’t bode well, but it’s not all gloom

29/10/2020 · Begbies Traynor (BEG)  · Elixirr International (ELIX)  · Marlowe PLC (MRL)  · PROACTIS Holdings PLC (PHD) 

AIM Coronavirus UK

Hornby train

The latest red flag report from a leading business recovery group featured here suggests a tidal wave of insolvencies could be looming. Thankfully, a leading hobby products group also covered here appears to be out of the recovery room, with a first profit in many years. Read on for this and other views.


Hornby: moves into profitability

Interim results from Hornby (LON:HRN), the hobby products group controlled by Phoenix Asset Management, reported a first (albeit small) profit in many years.

Group revenue for the six months ending 30 Sept 2020 rose 33% to £21.1m with a statutory profit before tax of £17,000, compared to the £2.5m loss of the comparable period.

Hornby Group has some terrific brands, including Airfix, Corgi, Hornby, Humbrol, Jouef and Scalextrix, with CEO Lyndon Davies of…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

Have your say

Log in or register to view or add comments.

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Begbies Traynor

Strong updates from AIM but red flags elsewhere

22/04/2021 · Company Insights

Video gamers are flying but so are the red flags

21/01/2021 · Company Insights

There were strong updates and results from plenty of small caps covered here, including the now…


More on Elixirr International

Stupendous Results | Bonkers Bargain | Hydrogen Storage

16/06/2021 · Company Insights

There were stupendous results from a lock-down winner covered here but it’s harder judge what the future…


Fast-growing consulting firm is looking good

12/04/2021 · Company Insights

The shares of this fast-growing consulting firm have already climbed more than 100% since IPO and our…


More on Marlowe PLC

Is plenty of recovery already priced into these stocks?

01/06/2021 · Company Insights

The recovering share prices of several pandemic sufferers covered here suggests that plenty of good news…


Coronavirus impact: 29 Oct - red flag report doesn’t bode well, but it’s not all gloom

29/10/2020 · Company Insights

The latest red flag report from a leading business recovery group featured here suggests a tidal…


More on PROACTIS Holdings PLC

Coronavirus impact: 29 Oct - red flag report doesn’t bode well, but it’s not all gloom

29/10/2020 · Company Insights

The latest red flag report from a leading business recovery group featured here suggests a tidal…


​Coronavirus impact: 25 Aug – big ambition from this small AIM company

25/08/2020 · Company Insights

The digital world continues to offer plenty of promise, as our latest update here reveals.


More Company Insights

Another £1 billion company for AIM | Fuel cell potential and more

Novacyt reassures…to a degree

22/06/2021 · Novacyt SA

This lesser-known hydrogen fuel cell company looks interesting