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Llangollen Railway

Discussion in 'Heritage Railways & Centres in the UK' started by 14xx Lover, Jan 4, 2010.

  1. RA & FC

    RA & FC Member

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    They enquired about scrapping in situ, so most likely not.
     
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  2. cav1975

    cav1975 Member

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    Is there a full list of prices realised available?
     
  3. Alan Kebby

    Alan Kebby Member

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    The prices soon disappeared off the auction site once the auction has finished. People watching in the closing seconds might remember the final prices though and post them here.

    A few that I know:

    Davy - £11,250
    Function coach - £8,000
    CK (the coach in poorest condition) £20,500 ish
    TSO 4702 (the most expensive coach) £38,250

    Most other coaches went for around 32k, apart from one other at £36k ish.

    The RBR received no bids and wasn’t sold.
     
  4. GWR Man.

    GWR Man. Well-Known Member

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    upload_2021-5-14_21-55-52.png
    I think these prices are all correct as I tried to record them as they ended. The workshop machines etc I didn't itemise what they were.
     
  5. Alan Kebby

    Alan Kebby Member

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    Well done for capturing all those prices! Not an easy tasks with so many lots, and constantly getting extended when new bids were received. Thanks for sharing.
     
  6. Andy Moody

    Andy Moody New Member

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    Sorry to br thick, but what do the figures in the righthand column mean please?
     
  7. flying scotsman123

    flying scotsman123 Nat Pres stalwart

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    Totals I think.
     
  8. Kje7812

    Kje7812 Member

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    Looks like it. The coaches did provide a quite a large portion of the total.
     
  9. Alan Kebby

    Alan Kebby Member

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    Presumably buyers premium wasn’t added to the RMB as it was sold outside the auction? Was the price the Spa Valley offered inclusive of VAT, or was VAT added on? The Spa valley clearly got a bargain, even more so if that price includes VAT already.
     
  10. Andy Moody

    Andy Moody New Member

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    Yes you are absolutely correct FS123. Just added up the figures for the coaches and they agree.
     
  11. bluetrain

    bluetrain Well-Known Member

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  12. cav1975

    cav1975 Member

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    Thanks
     
  13. The Dainton Banker

    The Dainton Banker Well-Known Member

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    I quoted a long-standing accountants/business aphorism (with which I am sure you are aquainted) as a way to light-heartedly explain to the non-accountants on here why the asset values of stock could vary depending on the approach that had been taken. Something that a number of posters were querying.

    I made no suggestion that the transactional data should be altered.

    Thank you for acknowledging my point.


    PS: You must not assume that you are the only accountant here !
     
  14. Sidmouth

    Sidmouth Part of the furniture Staff Member Moderator

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    Sadly humour doesn't always carry over in written text and I wasn't the only one to read more seriousness into it than you intended. Ultimately whilst you may have understood the tone of your comments it is always worth ensuring that where humour is being injected it is highlighted

    Asset values don't vary for tax and financial purposes . Mr Tax Man is less interested in value on an annual bases, although he can nail you for capital gains on disposal. Revaluation may trigger higher depreciation but this is of course added back and capital allowances given for tax purposes Business can of course revalue assets where there is a significant appreciation
     
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  15. 61624

    61624 Well-Known Member

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    I'm not an accountant, but shouldn't assets be revalued regularly for insurance reasons? Once you've done that then it becomes very difficult to argue a lower value for accountancy purposes, I would have thought? Or are most railways running with massively underinsured Mk 1s?
     
  16. simon

    simon Part of the furniture

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    Accounting standards require fixed assets to be valued at the lower of cost or net realisable value *

    As mentioned above there are well known reasons why this value shouldn't be used in its own by the directors when making decisions. Insurance being one of them.
    Directors need to use their judgement with insurance as with an other aspect of the business.
    * There are exceptions, but this is National Presevation, not Accounting Today.
     
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  17. Vulcan Works

    Vulcan Works Member

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    A pretty good outcome given the circumstances and the dismal alternative that was facing the railway. Very well done to the ‘friendly bidders’ for their support and commitment to the railway.

    Fingers crossed the line can reopen in the summer. I’m off to make another donation, every little helps!
     
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  18. 61624

    61624 Well-Known Member

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    With the light of reopening shining faintly at the end of the tunnel, it is perhaps the time now to put the auction behind us and start looking forward to the reopening. I think most of us would agree that the LR had forced its way towards the top tier of heritage railways before the crash, but with a large part of its fleet of locos having left, it has now sunk to being a much more mundane operation. Will it ever recover and rebuild its former status?
     
  19. martin1656

    martin1656 Resident of Nat Pres Friend

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    At least it has the chance to, Had it been a situation where the PLC owned everything, it would have been a far more sober ending,
     
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  20. DavidH

    DavidH New Member

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    Mundane operation? Some of my most enjoyable trips to preserved railways have been to ones that aren't "top tier", however anyone personally defines it. If the staff are welcoming are happy, the train and surroundings are clean and cared for, the journey interesting (that can't be taken away from the Llangollen), and a good cup of tea and a cake is to be had, I don't much care if the engine is an small industrial tank or a large tender engine or mainline diesel. On the Llangollen, the DMU trip is a delight. I don't think the Llangollen could ever be mundane.
     

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