Toy making company, Hornby saw its share price go up by 12 per cent on Wednesday morning. This has happened because it saw a "significant improvement" in its Scalextric, Airfix, Humbrol and Corgi brands.

The company has promised that it will show a very good performance in the new financial year.

The Kent-based company said that the past year had been very challenging. On one hand, it was the financial crisis and on the other it was the major currency swings. And since, most of the company's costs were linked to the US dollar, it did face many troubles.

However, with the second part of the year starting, the things began to improve. After Christmas and particularly in the month of January, it saw a good trading seasons.

Most of the orders were seen in the Hornby and Scalextric brands.

Talking about the whole issue, Neil Johnson, Chairman of the company said that the future is going to be positive for the company. He also said that he expects that the sales in all the brands across all the product ranges will show improved performance.