If you register, you can do a lot more. And become an active part of our growing community. You'll have access to hidden forums, and enjoy the ability of replying and starting conversations.

Llangollen Railway

Discussion in 'Heritage Railways & Centres in the UK' started by 14xx Lover, Jan 4, 2010.

  1. and60007

    and60007 Member

    Joined:
    Sep 1, 2009
    Messages:
    533
    Likes Received:
    453
    Gender:
    Male
    Occupation:
    Community Operative
    Location:
    Barton upon Humber
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Ok no worries
     
  2. Pete Thornhill

    Pete Thornhill Part of the furniture Staff Member Administrator Moderator Friend

    Joined:
    Jul 24, 2008
    Messages:
    6,023
    Likes Received:
    3,793
  3. Alan Kebby

    Alan Kebby Member

    Joined:
    Sep 18, 2019
    Messages:
    707
    Likes Received:
    855
    Gender:
    Male
    Location:
    Brighton
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Looking at all the assets, I think the big money is in the Mk1s. I can’t imagine 9 year old Ford Transits and 18 year old diggers will make a huge amount in comparison.

    Will be interesting to see where these things up, whilst also hopefully leaving enough for the Trust to restart operations.
     
  4. toplight

    toplight Well-Known Member

    Joined:
    May 18, 2009
    Messages:
    1,192
    Likes Received:
    1,041
    Location:
    Swindon, England
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    One thing that might put buyers off a bit is the buyer's premium plus vat on top.

    Bid say £5000 for a mark 1

    Then add in the above puts the price at £6960.

    Then you have to pay to move it to your desired location say another £1.5 to 2k
    and that is before you even start on any restoration needed.

    Will be interested to see how much they do go for and if there will be any reserve price.
     
  5. Jamessquared

    Jamessquared Nat Pres stalwart

    Joined:
    Mar 8, 2008
    Messages:
    21,847
    Likes Received:
    41,546
    Location:
    215
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    I'm not sure if that necessarily would put buyers off, it would just decrease the amount of money that ends up being used to pay off the creditors.

    For example, if you wanted a Mark 1 and gave yourself a budget of £10k, you just ensure you don't bid higher than £7k (or whatever) so the actual cost to you is £10k. Whereas in more propitious times, if you'd concluded a private sale, maybe closer to the full £10k would have gone to the seller.

    So in other words - all those extras to my mind have an impact on the seller, but shouldn't necessarily deter buyers provided they carefully consider a budget for "what I am prepared to pay".

    Tom
     
    Kempenfelt 82e, 49010 and jnc like this.
  6. Alan Kebby

    Alan Kebby Member

    Joined:
    Sep 18, 2019
    Messages:
    707
    Likes Received:
    855
    Gender:
    Male
    Location:
    Brighton
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Yes I don’t think the buyers premium and VAT will be buyers off. They will just factor it into the price they bid.
     
  7. Paulthehitch

    Paulthehitch Member

    Joined:
    Feb 13, 2020
    Messages:
    731
    Likes Received:
    854
    Gender:
    Male
    Location:
    Hayling Island
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    Presumably there would be a V.A.T rebate if the buyer were a Charity .
     
  8. Spamcan81

    Spamcan81 Nat Pres stalwart

    Joined:
    Aug 25, 2007
    Messages:
    32,669
    Likes Received:
    16,985
    Occupation:
    Training moles
    Location:
    The back of beyond
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    AFAIK Charities are not exempt from VAT but if registered, would be able to reclaim any VAT on purchases and charges.
     
    35B likes this.
  9. Martin Perry

    Martin Perry Part of the furniture Staff Member Moderator

    Joined:
    Apr 15, 2006
    Messages:
    15,656
    Likes Received:
    6,243
    Location:
    1012 / 60158
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Thanks Bob - my info was out of date ...
     
  10. simon

    simon Part of the furniture

    Joined:
    Jun 26, 2006
    Messages:
    10,789
    Likes Received:
    4,511
    Complex area - charities and VAT and 'trading'.
     
  11. std tank

    std tank Member

    Joined:
    Sep 20, 2005
    Messages:
    3,607
    Likes Received:
    757
    Gender:
    Male
    Occupation:
    Retired
    Location:
    Liverpool
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    In a normal auction VAT is added to the buyers premium only.
     
  12. GWR Man.

    GWR Man. Well-Known Member

    Joined:
    Oct 8, 2014
    Messages:
    2,120
    Likes Received:
    2,134
    Gender:
    Male
    Location:
    Taunton
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    As the PLC is VAT registered, VAT will be added to the hammer price as they are been sold on behalf of the PLC. This should be listed in the auction details/catalogue.
     
  13. JBTEvans

    JBTEvans Member

    Joined:
    Feb 14, 2008
    Messages:
    1,736
    Likes Received:
    410
    Gender:
    Male
    Location:
    Newport (South Wales)
    LNER Coach Association have put on their facebook page, and website, just now that they have obtained the Thompson buffet 1706 and unrestored TK 377. While sad leaving Llangollen, great to see both go to a good group!

    Says both are moving to Embsay.
     
    26power, 49010, unitdriver and 5 others like this.
  14. MG 7305

    MG 7305 New Member

    Joined:
    Mar 30, 2009
    Messages:
    108
    Likes Received:
    138
    I am given to understand that when the plates of a preserved locomotive are auctioned, ex GW(R) for example, restraint is shew by bidders without a direct interest. At what point do bidders sit there with their hands in their pockets? This is not an unknown practice in the agricultural fraternity. I look forward to seeing the results of such an auction and learning a lot from the outcome, dog eat dog perhaps? I really h0pe not.

    Best regards
     
  15. 61624

    61624 Well-Known Member

    Joined:
    Sep 27, 2006
    Messages:
    4,263
    Likes Received:
    2,249
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    AIUI the Thompson buffet has been placed in the custody of the LNERCA but the present owners retain their ownership. ECJS on the other hand has been purchased by the LNERCA.
     
    Johnme101, Paul42 and JBTEvans like this.
  16. Paul Grant

    Paul Grant Member

    Joined:
    Oct 6, 2010
    Messages:
    336
    Likes Received:
    287
    Location:
    Fife
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Was 377 owned by the PLC or has a private owner taken an opportunity to pass it on?
     
  17. 61624

    61624 Well-Known Member

    Joined:
    Sep 27, 2006
    Messages:
    4,263
    Likes Received:
    2,249
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    Private owner, I believe. I think it has been for sale for a while. I don't know what prompted the move with 1706 but I have heard in the past that it was not favoured by the operating department at the LR. One reason might be the it is a similar size and weight to a Mk 1 but seats only 12 - albeit in rather special surroundings.

    Whatever the reasons, at the end of all the changes the LR looks as though it will be a rare example of a line without a siding space problem!
     
    jnc likes this.
  18. Matt37401

    Matt37401 Part of the furniture

    Joined:
    Jun 8, 2014
    Messages:
    10,696
    Likes Received:
    6,360
    Occupation:
    Nosy aren’t you?
    Location:
    Nowhere
    Heritage Railway Volunteer:
    No I do not currently volunteer
    I must admit 1706 doesn't have a lot of space but it’s still a gem, loved my afternoon in it during Steam Steel and Stars during 2012!
    But then thinking of the various Gresley buffets I’ve used and the LMS one at the SVR they don’t seem to have the same capacity but they’re still nice to travel in and use.
     
    jnc likes this.
  19. 61624

    61624 Well-Known Member

    Joined:
    Sep 27, 2006
    Messages:
    4,263
    Likes Received:
    2,249
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    A regular LNER buffet seats 24 in original format (can't say whether the SVR one, with its Mk 1 seats, is the same).
     
  20. Pete Thornhill

    Pete Thornhill Part of the furniture Staff Member Administrator Moderator Friend

    Joined:
    Jul 24, 2008
    Messages:
    6,023
    Likes Received:
    3,793
    The LMS conversion seats 27 and the Gresley buffet car 24.
    It is.
     

Share This Page