Trustworthy, administrator
11,964
edits
Changes
→Effects on the SVR: New CBILS loan terms
In 2021 its February half-term, Easter and services to early April were all lost, with later reopenings for its museums and pubs. It had restricted passenger numbers until 7 September. Passenger numbers partly recovered to 122,001, and turnover to £1.99 million. Its loss was sightly less that of 2020 at £407,453, net of further Cultural Recovery Fund monies.<ref name=blsep21/>
The 5-year repayment of the CBILS loan started in October 2021 at £25,000 per month (£300,000 per annum) plus interest, equating initially to £28,000.<ref name=report21>SVR(H) annual report and financial statements for the period ended 3 January 2022</ref> The financial position contributed to increases in shares thresholds for [[Severn Valley Railway (Holdings) PLC#Benefits_from_2022|shareholder travel benefits]].The loan term was later extended to 10 years, reducing the annual capital amount repayable from £300,000 to £132,558.<ref>SVR(H) annual report and financial statements for the period ended 7 January 2024, Chairman's statement</ref>
==See also==
