Hornby said Oxford Diecast made a roughly £200,000 pre-tax loss for the year to March 31, and has net book value of almost £3 million on the group’s balance sheet.

The sale will see EKD take control of the Oxford Diecast brand, which was started in 1993 and is one of the world’s largest manufacturers of 1:76 scale models. Hornby said Oxford Diecast made a ...