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The Railway Magazine
Following the shocking March 1 statement from Llangollen Railway PLC regarding the heritage railway’s recent insolvency, the directors have had to take the “reluctant step” of inviting the bank to appoint a receiver/administrator.
The company’s losses were said to stem from the contract engineering side of the business, where problems predated lockdown, and had seen owners remove their locomotives from the Llangollen workshops, including the Scottish Railway Preservation Society’s LNER D49 4-4-0 No. 246 Morayshire.
The Llangollen Railway Trust immediately launched a dedicated fund – initial target £50,000 – to buy the PLC’s rolling stock from the administrator/receiver in due course, to prevent coaches being moved elsewhere and services being unable to resume. ....

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