Modelzone Holdings, a Manchester-based retailer of collectible models, has been sold in a £5.6 million management buy-out led by current CEO David Mordecai and supported by the company’s non-executive chairman, Terry Norris.

Modelzone Holdings, a Manchester-based retailer of collectible models, has been sold in a £5.6 million management buy-out led by current CEO David Mordecai and supported by the company’s non-executive chairman, Terry Norris. The deal is backed by LDC, the private equity arm of the Lloyds Banking Group.

Modelzone offers a broad range of models including plastic kits, die cast collectibles, remote control vehicles and railways. The company operates from 29 stores across the UK.

David Mordecai, Modelzone Group managing director, said: ‘The assembled team along with LDC’s input have already helped improve sales and we are confident these growth levels will continue as our development strategy is rolled out.’