Trustworthy, administrator
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Winding up SVRA not concluded 2020
The SVR, operated by the Guarantee Company, began services in May 1970. However the next stages of development, including purchase of the southern end of the line to [[Foley Park]] and ultimately [[Kidderminster]], required substantial investment. A Public Company with a Share Capital was considered a more suitable vehicle for this, leading to the formation of [[Severn Valley Railway (Holdings) PLC | Severn Valley Railway (Holdings) Ltd.]] ("SVR(H)") in March 1972.
When SVR(H) was formed, it was envisaged that the Guarantee Company would no longer be required, leading to the creation of another organisation, the [[Severn Valley Railway Association]] (SVRA). However it transpired that the existing LRO could not be transferred to SVR(H) at that time, so the Guarantee Company remained in existence. The activities of the SVRA were eventually merged into the Guarantee Company from October 2015, although winding up of the SVRA was still outstanding in 2020 2021 over an issue with its SVRH shareholding.<ref>Guarantee Company Annual Report Reports ending 31 December 2019and 31 December 2020, p. 5</ref>
In due course SVR(H) assumed responsibility for the ownership of the infrastructure and operation of the SVR.
