SVR General Discussion

The value is a hard one to call, if two potential buyers are determined to have it then it will go for silly money. The only ones I can see possibly in the frame are Ian Riley and Jeremy Hoskin. Both have the facilities to overhaul it without waiting around for funds to do so.

 

Nothing of the sort, I was comparing the way two railways have different ways of tackling their debt mountain. It remains to be seen if either approach works.

 

True to some extent but then you can’t just pluck 2 out of traffic engines, get them in traffic quickly and replace the failures.

The SVR have a huge fleet and I dare say not all will see steam again. If it came to needed an injection of cash then assetts must be considered as one way of providing that injection. But that being said I don’t believe there is actually any plan to sell anytning, just something that is noted as a way any business would try to restore itself if it had to.

 

To be honest partly believe he told me to deliberately wind me up has he knows my apprantley 'misguided' love for mix traffic 2-6-0s. I'm still hopeful 7325 will be done in the medium term at least as they did do some fund raising before Covid crashed in.

I should say no problem with the current slow down in overhauls, it makes logical sense.

 

A reminder that it's the SVR(G) AGM tomorrow.

Sent from my moto g(7) play using Tapatalk

 

That is my practical experience at the moment on every count.

 

I think you could add West Coast Railways to the potential list - and there's always likely to be a surprise bidder - the person who bought 80078 would be a good example of that.

 

Does David Smith need another Black 5. He’s a canny Yorkshireman and won’t spend a penny unless there’s good reason. I could buy it but I both can’t afford to overhaul it and am not that daft, either.

 

Did he need 44767? Only he knows what his future needs might be, and he might just buy it to keep it out of the hands of a competitor, and there are other plausible possibilities. There's someone else associated with the NYMR who has always wanted a Black 5, and who has his own boiler repair company these days - he might be the dark horse I've suggested - but it could all be academic speculation if the SVR decide not to sell it!

Put another way, it's more fun speculating about this than reading the L & B Travails thread!

 

Somewhere between £300k and £400k would have been my estimate pre covid given a few prices I was privy to - so I think we are saying much the same thing. But there have been a few surprises in recent transactions. I am with you there isn’t the money around that there was and many lines are struggling. It actually points to the high risk that some currently preserves assets mightn’t stay that way.

 

Has there been anything official regarding fifty one ten being offered for sale?
This all wibble at the mo.

 

A bunch of info relating to recent posts.

SVR(H) has around 60 items of stock https://www.svrwiki.com/Category:Rolling_stock_owned_by_SVR(H)

Not been mentioned is a '46443 solution', with SVR(H) selling heritage rolling stock assets to member groups (as was 46443 when SVR(H) sold it to buy Leander), or the Charitable Trust buying them. Although SVR might think that would reduce funds for its appeals.

On the 45110 and 7325 and (now redundant) overhaul plan, it goes back a long way. The current chair in 2010 posted:

"7325, from late 2011 completing in 2014
46443, 2012 to 2014
7802, 2015 to 2017
7714, 2010
80079, starting 2016"

Back in 2017 the GW(SVR)A had had enough from the then GM on 7325/9303 to post "A possible start could be made during 2018/19"
https://web.archive.org/web/20170709175809/http://www.gw-svr-a.org.uk/stock_list.html

And who remembers from September 2013 pictures of 45110 in BH Yard with 'NOT for sale' signs on it, following a round of speculation?

All a long time ago...

 

Not quite wibble, it's officially 'on the radar'
"A question was asked as to whether the SVRH board had considered selling assets to raise funds to reduce the debt, eg the Black Five locomotive and BR Mk1 carriages. Managing director Gus Dunster explained that the sale of assets is ‘absolutely on the radar’, and that the business model for heritage railways must change if they are to remain viable."
https://www.svrlive.com/bljul23

 

I recall from even longer ago (about 1997/98) 43106 and 75069’s overhauls would be starting ‘next year’

 

Patrick I did read ‘Branchlines’ but I’m trying to make the point that some people are already speculating that 5110’s already been sold and packed off already.
I’m just awaiting the speculation about the land The Engine House sits on to be flogged off for Riverside Apartments to be built…

 

'On the radar' isn't quite the same as 'on the cards' though - the former is something anyone running a business would need to say, because of duties to service debts etc, the latter is something someone would say if they had a buyer lined up.

 

Not quite resisting the temptation to type the word Nabarro, the key saleable assets in case of business failure and need to pay creditors would be the station sites...

 

Not entirely - the question could have been answered so as to imply that sales are not being planned. "On the radar" in this context implies quite a bit.

 

I don't know - in the context of a set of accounts with a note about going concern, I reckon you'd be mad to answer with anything other than 'on the radar' even if you'd no intention (privately) of doing it. There's also the issue (AIUI/IIRC) that the bank's got a charge over all SVR(H)'s assets, which could mean either a complication in disposal, or it being harder to borrow money at decent rates post a sale (because less to offer as security).

Selling assets to pay off debts in these circumstances isn't straightforward, and tbh trying to cut costs and trade out of it does seem the sensible way forward

 

It's all in interpretation, but there are degrees of engagement - where this is quite active.