Given the wider market turmoil this is not the best time to make such an announcement. Also, their bank is Barclays who have a few issues of their own at present. I struggle to see how a predicted £2 million loss could turn in to £5-6 million in a couple of months. If they still own the old factory site then I suppose they could sell that to help plug the gap in the short term? Very sad to see and I am sure there a lot of worried people at Hornby.
Paddy