Airfix in administration !

From the BBC Website

Sticky future for kitmaker Airfix

Iconic model-maker name Airfix faces an uncertain future following parent firm Humbrol's entry into administration.

Since 1949, generations of children have struggled over plastic kit parts and tubes of glue.

In its heyday, Airfix specialised in planes, ships and tanks of World War II - among them favourites such as the Spitfire fighter and Lancaster bomber.

Thirty-one of 41 staff at the Hull firm have lost their jobs, with Grant Thornton of Leeds named administrators.

'Capable of sale'

The firm had been hit by "severe cash flow pressures" and also a disruption in supplies from its principal manufacturer in France, Heller SA.

The appointed administrator, Keith Hinds, told BBC Radio Four's Today programme that Airfix was an "iconic brand" which was "capable of onward sale and investment".

"The company's been struggling for some time under the demise of general manufacturing and the lack of demand for some of its products," he said.

That had caused losses to build up, with cash-flow difficulties following - only for further trouble to come as Heller, too, went into administration.

"That's caused a blockage in supplies -- the accumulation of all that has brought about the insolvency of the company, Humbrol," said Mr Hinds.

'Great shame'

Jeremy Brook, of the Airfix Collectors Club, said it was a sad day for those with fond memories of having sticky fingers as they struggled with often intricate kit arrangements.

"When you think of construction kits, you think of Airfix," he said.

"All the schoolboys of the 50s, 60s and 70s remember them, being covered in glue and cutting your fingers as you assembled them.

"It's a great shame if Airfix is going to languish or go completely."

The Airfix range also included helicopters, cars, motorcycles, figures, trains, spaceships, sci-fi figures, and movie-related characters.

Last year it also announced it was launching a range of robot fighters from the 45th Century.

Humbrol is the principal trading business of the Hobby Products Group Ltd, which is also in administration.

The administrators said the group turnover was approximately £10m a year, and other brand names owned by the group include Plasticine, Supercast and Young Scientist.

Story from BBC NEWS:

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Published: 2006/08/31 11:07:41 GMT

Reply to
srn4
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was unexpected, though a shame never the less. Who will step up and purchase them? Could it be someone in eastern Europe?

Jerry

Reply to
bluumule

Let's hope for Eduard! They are currently doing wonders with a hi-tech version of the Airfix Spitfire 24.

Reply to
Enzo Matrix

I am guessing it will be someone in Poland. Labour costs are low and there is a strong following for Airfix kits of types used by Polish RAF squadrons. These can also be sold (with different markings) to Belgium, Noway and Holland as well as the UK of course.

(kim)

Reply to
kim

There seems to be a economic hunger in Poland and Czech Republic. Notice the industrial upswing with smaller manufacturing processes as they consolidate or merge. Is it influenced by something we in the west would call organized c....?

Many US companies have been importing labor from the region, but now it seems the good life has arrived for them there so those US companies are not getting the recruits they once were. So many are considering or have shifted production to the region. Does the word 'Outsourcing' ring a bell?

Reply to
bluumule

Well, there goes the 1/48 Canberras.

Bill Shuey

Reply to
William H. Shuey

Talk about serendipity! I just ordered a Caravelle from Squadron today.

Bill Banaszak, MFE Sr.

Reply to
Mad-Modeller

TSR2?

Reply to
Enzo Matrix

Bugger! Does this mean Humbrol enamels are now going to be history too?

Reply to
Bob

According to a well-known model dealer in Humbrol's home town that will be no great loss as the quality of their paints has fallen off a cliff in recent years.

(kim)

Reply to
kim

Can I say "Xtracolor"?

Reply to
Enzo Matrix

You've been on Mars for the last 40 years ?

Reply to
Serge D. Grun

Only if Squadron starts offering them.

Bill Banaszak, MFE Sr.

Reply to
Mad-Modeller

Floquil Military Classic colors... I hoarded so much, it's embarrassing!

- Stephen

Reply to
Stephen Tontoni

Can I reply "not for brushing" :-)

Humbrol paints are all made in China, so it is likely that the paint line will continue to be sold through the administrators as it is just a matter of keeping the distribution going. What might get into short supply are such items as Maskol, Liquid Poly and the varnishes.

The kit tooling is all in France, I believe.

Reply to
Alan Dicey

Ooh! I Did Not Know That! :-D

I've only ever sprayed it.

Reply to
Enzo Matrix

Too thin for good coverage and brushmarks show up very easily. It's thinned down to airbrush consistency in the tin.

Reply to
Alan Dicey

I've seen it suggested elsewhere that Heller "owns" the tooling. I always presumed that Heller were contracted to produce the kits, using tooling owned by Airfix, after f Heller was sold by Humbrol a few years back. Anyone clarify? Cheers, Bill.

Reply to
Bill Davies

message

See Uncle Pat's column:-

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"It is understood that, in bidding for Humbrol, Hornby has reservations about the fact that Heller owns the moulds for Airfix kits."

It works like this: Airfix has a reputation for supplying *reasonbale* quality kits at *reasonable* prices. If a prospective bidder is forced to pay an exhorbitant sum for the moulds they will then in turn have to pass on that cost to their customers. That would make the acquisition non-viable.

(kim)

Reply to
kim

It wouldn't be up to them. Their parent company will have sold the physical assets and kept the intellectual rights. There is some dispute as to exactly who the parent company of Airfix currently is? Some sources say it's Humbrol. Some say it's the company which owns Humbrol. Some say it's the company which owns the company which owns Humbrol.

(kim)

Reply to
kim

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