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Severn Valley Railway Company Limited

279 bytes added, Friday at 10:26
Ownership SVRA > SVRG of sleeping vehicles at BH. Update shareholding in SVRH
Although it no longer owns the line, the Guarantee Company is still an active part of the Severn Valley Railway. It remains as the SVR’s membership arm and provides volunteer staff to operate the railway (all volunteers must be members). The SVR has around 10,300 members<ref>SVR News 225, Spring 2024</ref> and membership is by subscription. Members receive preferential rates of travel.
It has the largest shareholding in SVR(H): in 2022 2023 it was 17.9319% of issued capital (12,972130,467 430 shares).<ref>SVR(G) Financial Statements for the year ended 31 December 20222023</ref> It nominates three directors to the SVR(H) board<ref>SVRLive</ref>, increased from two in 2015 when it merged with the SVRA.
It also publishes [[Severn Valley Railway News]], a quarterly magazine, free to members.
Following the merger with the SVRA it took over [[The 200 Club]] and the [http://www.svr-vlo.org.uk/ Volunteer Liaison Office]. In 2023 ownership of the [[Carriages#BR_Designed_Coaches|four coaches]] converted for use as staff accommodation at [[Bridgnorth]], was transferred from the defunct SVRA to the Guarantee Company.<ref>Severn Valley Railway Company Annual Report 2023</ref>
It also ran the [[:Category:SVR fundraising lotteries| SVR fundraising lotteries]] until by 2021 these were organised by [[Severn Valley Railway Charitable Trust Ltd|SVR Charitable Trust]].
The VLO organises a Volunteer Reward Scheme, a monthly draw using the database of working volunteers, funded by the Guarantee Board. Winners receive a small value of vouchers to spend on the SVR.
It arranges with an annual 'Pig Roast', a thank you evening for paid staff and volunteers, at [[The Engine House]]. Until 2022 it was jointly funded with SVR(H). In 2023 this event was cancelled.
==See also==
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