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LSL - The Chairman's train: 16/04/25 on, plus 10/10/25

Discussion in 'What's Going On' started by free2grice, Apr 16, 2025.

  1. 30567

    30567 Resident of Nat Pres Friend

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    Many do. But isn't it also true that the principal cause of the sale/liquidation of non listed companies is no suitable successor to continue the business? Particularly if the business itself is not strictly commercial eg covering running costs but relying on injections of capital from private sources, I'd have thought that is the type of situation where everything depends on the succession plan.
     
  2. NathanP

    NathanP Well-Known Member

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    All the more reason to enjoy mainline steam now while you still can.
     
    Will RL likes this.
  3. osprey

    osprey Resident of Nat Pres

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    Or Nationalise it.....
     
    hrowley likes this.
  4. Miff

    Miff Part of the furniture Friend

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    Not all but a large chunk of the 'Hosking' fleet and activities is owned by the Royal Scot Locomotive & General Trust, a charity. It's a joint responsibility of all the trustees, not just one of them, to consider succession issues. And in the event of one of them, for whatever reason, no longer being able to serve the remaining trustees automatically retain control.
     
    MellishR, 30567, 35B and 1 other person like this.
  5. GWR4707

    GWR4707 Nat Pres stalwart

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    Looks to be in pretty rude health financially on the most recent accounts. https://find-and-update.company-information.service.gov.uk/company/06952089/filing-history Interesting that they received over £6m in donations and legacies last year.
     
  6. Miff

    Miff Part of the furniture Friend

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    The RSL&GT Trustees will no doubt be aware their present level of donation income might not continue for ever and need to plan accordingly. The Phyllis Rampton Narrow Gauge Railway Trust (owners of the Vale of Rheidol Railway and much of 'Collection X') might serve as a good example, greatly endowed by the founder during his lifetime (and in his Will), and the Trustees now hopefully discharging their duty to spend (they're buying the Brecon Mountain Railway) and/or invest it wisely.
     
  7. Beardy

    Beardy New Member

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    If all the main line locos and stock owned by individuals were obtained by GBR/NR or some body that was ultimately answerable to the government they would be very quickly sold off regardless of who was in charge the only difference likely to be who some locos get sold to (private individuals or the scrap merchant) if you are lucky a few more high profile examples might get plinthed. Even if the NRM got them stuff would be scrapped and the rest mothballed. Reality is heritage locos and trains are generally a money sink.
     
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  8. Gladiator 5076

    Gladiator 5076 Resident of Nat Pres

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    NRM is basically owned by HMG is it not?

    "The Science Museum Group is devoted to the history and contemporary practice of science, medicine, technology, industry and media. With 5 million visitors each year and an unrivalled collection, it consists of: Science Museum, Museum of Science and Industry, National Railway Museum (York), National Science and Media Museum and Locomotion - the most significant group of museums of science and innovation worldwide.

    Science Museum Group is an executive non-departmental public body, sponsored by the Department for Culture, Media and Sport."

    https://www.gov.uk/government/organisations/science-museum-group
     

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