HSBC Rail

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HSBC Rail (UK) Limited
Type	Subsidiary of HSBC Holdings plc
Founded	1994
Headquarters	London, UK
Industry	Finance
Products	Financial Services
Slogan	The world's local bank

HSBC Rail (UK) Ltd is one of the three major ROSCOs (Rolling Stock Companies) in the United Kingdom. Created in 1994 as part of the privatisation of British Rail, it owns around a third of passenger railway locomotives, multiple units and coaching stock running on Network Rails system which it leases to various train operators. In common with the other ROSCOs, Angel Trains and Porterbrook, it is now owned by a major banking group, in this case HSBC.

HSBC Rail was established on 21 March 1994 [1] as Eversholt Leasing, it was subsequently purchased by a consortium of investors led by Candover in February 1996. HM Government realised a sale worth €883 million, however 13 months later Candover sold Eversholt to Forward Trust, part of the HSBC Group for €1 billion [2].

HSBC Rail offer investment and financing solutions to passenger and freight rail industry both in the UK and the rest of the world. Financing services range from, operating leases, procurement, refurbishment, engineering support and maintenance improvements. The company manages a fleets of over 4000 vehicles, and as such maintains a team of in house engineers to work on re-engineering projects to deliver improved performance, reliability and passenger environment [3].

[edit] See also

• HSBC
• Porterbrook
• Angel Trains
• Privatisation of British Rail
• List of companies operating trains in the United Kingdom

[edit] External links

• HSBC Group
• Candover

British Rolling Stock Companies (ROSCOs)
Angel Trains - HSBC Rail - Porterbrook