Hornby PLC announced that Phoenix UK Fund Limited, the Company's subordinated lender, has agreed an extension to the term and the amount of its existing secured credit facility (the ?Facility?), providing further support for the Group's stated turnaround strategy. The Facility is being extended from £11.25 million to £12.55 million and the term extended by 12 months to 31 December 2025. Other than the extension to the loan term and amount, the terms of the Facility remain unchanged for £11.25 million of the facility, the agreed extension to £12.55 million will be at a higher interest rate of 15% on funds drawn.

All advances made under the Facility become due and payable in December 2025 unless the facility is extended.