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Nationalised operation maybe - but who OWNS the trains?
 
Nationalised operation maybe - but who OWNS the trains?
Posted by grahame at 14:21, 11th July 2026
 
Who OWNS the passenger trains operating in our (South West) area (RoSCo)s?
How long are their contracts? Do they include maintenance?

GWR
Classes 150, 158, 159, 165, 166, 175, 230, 800, 802 and class 57 and carriages

SWR
Classes 158 and 159

Crosscountry
Classes 220 and 221

Names such as Porterbook, Eversholt, Hitachi, Angel Trains and First.

Re: Nationalised operation maybe - but who OWNS the trains?
Posted by ChrisB at 21:24, 12th July 2026
 
First own some IETs and I'm sure their serial numbers can be found somewhere on this forum

Hitachi own the remainder

Re: Nationalised operation maybe - but who OWNS the trains?
Posted by IndustryInsider at 21:36, 12th July 2026
 
First own some IETs and I'm sure their serial numbers can be found somewhere on this forum

Hitachi own the remainder

Are you sure about that?

Re: Nationalised operation maybe - but who OWNS the trains?
Posted by John D at 21:56, 12th July 2026
 
First own some IETs and I'm sure their serial numbers can be found somewhere on this forum

Hitachi own the remainder

Are you sure about that?

I think some of the 36 class 802s are owned by Eversholt (but were ordered by First Group, rather than by DfT), Hitachi have a maintenance contract, GWR lease them from Eversholt

I think the class 800s are owned by Agility Trains, which is part owned by Hitachi, part owned by AXA and part by GLIL Infrastructure (an investment by consortium of pension funds)

EDIT It is Agility Trains West Ltd, which is wholly owned subsidiary of Agility Trains (MidCo) Ltd, which in turn is wholly owned subsidiary of Agility Trains West (Holdings) Ltd, which in turn is subsidiary of joint venture where Hitachi hold 25%.  (complicated, but presumably works better to minimise tax etc)

Re: Nationalised operation maybe - but who OWNS the trains?
Posted by Chris from Nailsea at 22:11, 12th July 2026
 
From the backermost recesses of my memory, I seem to recall that HSBC owned some of them.

Or is that hogwash, II ? 


Re: Nationalised operation maybe - but who OWNS the trains?
Posted by stuving at 00:09, 13th July 2026
 
From the backermost recesses of my memory, I seem to recall that HSBC owned some of them.

Or is that hogwash, II ? 


History, more like. Eversholt (one of the original ROSCOs from thew BR break-up) was owned by Midland Bank, which became part of HSBC, and was then sold off by them in 2010.

Re: Nationalised operation maybe - but who OWNS the trains?
Posted by Chris from Nailsea at 00:21, 13th July 2026
 
I did say it was in the backermost recesses of my (apparently failing) memory. 

 
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