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Class 50 Alliance Limited

522 bytes added, 16:56, 20 December 2016
clarify relationship with The Fifty Fund
Class 50 Alliance Limited , commonly referred to as 'The Class 50 Alliance', owns four Class 50 (English Electric Type 4) diesel locomotives, three of which are resident on the SVR. It operates a fifth, also resident on the SVR, which is owned by [[Class Fifty Operations Limited]].<ref>[http://www.svrlive.com/copy-of-news-211016-1-high-sherrif SVRLive]</ref>The company is supported by [[The Fifty Fund]].
==History==
Class 50 Alliance Limited is a Private Limited Company, company number 02740837. The Company was originally named Project Defiance Limited when incorporated in 1992. At that time the principal objective was to acquire, restore and operate [[BR Class 50 50049 Defiance | 50049 Defiance]].<ref>Companies House Incorporation details</ref>
In November 2006, the shareholders approved a resolution to acquire the assets of [[The Fifty Fund]], including [[BR Class 50 50035 Ark Royal | 50035 Ark Royal]] and [[BR Class 50 50044 Exeter | 50044 Exeter]], with effect from January 2007. The present company name was adopted in December 2006 to reflect this.<ref>2006 Accounts filed at Companies House</ref>  From that time the Alliance assumed responsibility for maintenance and operation of the locomotives, while The Fifty Fund became a public 'front end', dedicated to fundraising, promotion of the class, and selling shares in the Alliance. Shareholders in the Alliance are automatically enrolled as members of The Fifty Fund.<ref>[http://www.fiftyfund.org.uk/index.php/about-us/origins-of-the-fund Fifty Fund 'Origins of the Fund']</ref>
50007 Hercules was acquired in November 2016 to be used primarily for mainline contract work.<ref>[http://www.fiftyfund.org.uk/50007Purchase20161107.pdf Press release 7 November 2016]</ref>
==Links==
[http://www.class50alliance.co.uk/ Class 50 Alliance web site]<br>
[http://www.fiftyfund.org.uk/ 50 Fund web site] (still maintained)<br>
[http://beta.companieshouse.gov.uk/company/02740837 Class Fifty Alliance Limited on Companies House]<br>
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