2 hours ago
Llangollen's Heritage Railway Trust has retained the coach it needed to reopen - successfully bidding for it at auction.
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The Llangollen Railway
Assets of the former operating arm of the railway, Llangollen Railway PLC, went under the hammer this week to pay its creditors after it went into administration owing £350,000.
The trust, which has remained solvent throughout the conference, launched an appeal to raise funds to bid for some of the items that had been owned by the PLC.
Chairman of the Trust, Pete Edwards, said: "The bidding was fast and furious on the day for the coaching assets in particular, and the larger plant items. The prices paid were substantially in excess of our expectations which is good news for the PLC’s administrators and we are glad all the creditors, including those who are unsecured, will benefit accordingly.