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Collectables giant Hornby says it ended the latest financial year in a “loss-making position” with both “net debt and inventory too high” but says it expects to see a “marked change in trajectory” during the next 12 months. The Margate-based firm – which includes the brands Scalextrix, Airfix and Corgi in its portfolio – struck an overall optimistic tone for its financial year ending March 31. It said group sales were £56.2 million – up 2% on the year before. But it blamed an 8% drop in sales in the fourth quarter on a combination of Easter falling early and delivery delays as a result of dela…

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