LLANGOLLEN Railway could re-open as early as July or August, despite previous fears over its future. That is thanks to an online auction of the Public Limited Company s (PLC) assets on May 12. On March 1, the railway s PLC went into receivership with debts of around £350,000 and there were concerns for its future. The separate Llangollen Railway Trust, which remains completely solvent, has been battling to raise enough money to buy as many of the assets as possible and get the railway back on track. Members say the bidding at the recent auction was fast and furious and that prices were paid substantially in excess of their expectations.
Railway Trust delighted as they announce deal completed with administrators of Llangollen Railway PLC wrexham.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wrexham.com Daily Mail and Mail on Sunday newspapers.
Llangollen Railway targets summer opening after deal with administrator for key assets
The Llangollen Railway Trust has been battling to secure the future of the heritage railway line
Updated
An empty and deserted Llangollen Railway Station which has been a magnet for tourism in the Dee Valley and a jewel in the crown of the town. (Image: Reach plc)
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2 hours ago
Railway coaches will be among the items going under the hammer when the administrators of the Llangollen Railway PLC auction off the property it owned before getting into financial difficulties.
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Llangollen Railway
The administrators Alan Coleman and Jason Elliott of Cowgill Holloway Business Recovery LLP, say the auction will be held on May 12 with viewing days scheduled for May 9 to 10, strictly by appointment.
The operating arm of the heritage railway was forced to go into liquidation earlier this year after problems with engineering contracts and the lack of income because of the pandemic.