By Marcus Leach

The 2012 Olympics are set to bring lasting benefits to a multitude of companies in the UK and London, but perhaps one of the less likely is model toy maker Hornby.

Hornby, who also own Scalextric, say that sales of their Olympic related products will have 'lasting benefits'.

With over a year to still go until the Olympics Hornby have reported strong sales of their Olympic products, despite announcing a 21% fall in their annual profits, down to £4.1 million.

Most famously known for their model railways Hornby attributed the drop in profits to severe weather in the UK before Christmas, as well as problems with supplies arriving from China.

However, Hornby said that its Chinese parts producers were now increasing supplies, and added that its business was in "great shape".