XYZ Rail & Civils
| Company type | Private limited company |
|---|---|
| Industry | Railway maintenance and infrastructure engineering |
| Founded | 1993 |
| Founder | Andrew Tinkler |
| Headquarters | Carlisle, Cumbria, England |
Area served | United Kingdom |
Key people | Kirk Taylor (Managing Director) |
| Parent | Bavaria Industries Group AG |
| Website | www |
XYZ Rail Limited (formerly W.A. Developments Ltd. and Stobart Rail Limited and trading as XYZ Rail & Civils) is a railway maintenance and infrastructure engineering company in the United Kingdom. XYZ Rail & Civils is a wholly owned subsidiary of Bavaria Industries Group AG.
History
The original company
XYZ Rail & Civils was founded on 25 May 1993 by William Andrew Tinkler as W.A. Developments Civil Engineering in Cumbria, with an initial capital investment of £500. The company was involved in civil engineering and railway infrastructure project contracts. The company gained a contract with Railtrack (now Network Rail). The business was incorporated as W.A. Developments Ltd.[1] The company's original registered office was in Gosforth, Cumbria[2]
Acquisition of Eddie Stobart
W.A. Developments Ltd.'s parent company, WA Developments (International) Ltd (a company jointly owned by Andrew Tinkler and William Stobart), acquired Eddie Stobart Limited, the UK's largest haulage contractor, in February 2004. Following WA Developments' decision to merge Eddie Stobart Limited with the property and ports company the Westbury Property Fund on 15 August 2007 and to list it on the London Stock Exchange as the Stobart Group, W.A. Developments Ltd. initially remained within the ownership of WA Developments.[3]
Sale to the Stobart Group
On 10 March 2008, Stobart Group announced that it would be buying the original W.A. Developments Ltd. civil engineering and railway infrastructure business from WA Developments for £10 million in cash. Upon completion, W.A. Developments Ltd. changed its name to Stobart Rail Limited and W.A. Developments Civil Engineering was re-branded Stobart Rail and subsequently Stobart Rail & Civils.[4]
Divestment to Bavaria Industries Group AG
On 14 July 2020, the Stobart Group Ltd announced the sale of Stobart Rail & Civils to Bavaria Industries Group AG for an initial cash consideration of £1,000.[5][6][7] On 13 October 2020 Stobart Rail Limited changed its name to XYZ Rail Limited.
Operations
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XYZ Rail & Civils holds a Network Rail Principal Contractor's Licence and Rail Plant Operating Company Licence. Stobart Developments undertakes development projects and is delivering improvement works at a number of Stobart Group facilities, including constructing the London Southend Airport railway station, which it owns and operates.[8]
See also
References
- ^ "PLC Board | Our Directors | About". Stobart Group. 23 May 2011. Archived from the original on 2 November 2011. Retrieved 23 September 2011.
- ^ "Incorporation". Companies House. 25 May 1993. Retrieved 10 December 2019.
- ^ "Eddie Stobart sells up". BBC. 15 October 2003. Retrieved 1 June 2017.
- ^ "An interview with Stobart Rail & Civils' managing director". Rail Staff. 12 April 2018. Retrieved 15 April 2019.
- ^ "Stobart Group Ltd announced the divestment of Stobart Rail & Civils".
- ^ "Stobart Group to pull out of Rail & Civils".
- ^ "Stobart Group, owners of Carlisle Airport, sell off rail division".
- ^ "Airport rail station to open next week". Echo Newspapers.
Stobart, not National Express, will employ the staff who man the station and meet passengers getting off the train