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Severn Valley Railway (Holdings) PLC

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Since at least 1975 the Company has given Legal Charges over its land and fixed and floating assets. [https://beta.companieshouse.gov.uk/company/01046274/charges Companies House] lists 17 charges registered, 14 of which are outstanding, in favour of HSBC Bank plc, County Council of Hereford & Worcester (re. [[Bewdley]]) and The Trustees of the National Heritage Memorial Fund (HLF) (re. [[The Engine House]]).
As a condition of [[:Category:Lottery funding#National_Lottery_Heritage_Fund|Heritage Lottery Funding ]] funding the Company's Articles were amended in December 1997 so that no dividend shall be paid and, in the event of winding up, no surplus shall be distributed to shareholders.
==See also==
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