Company Overview of Network Rail Limited
Network Rail Limited, together with its subsidiaries, owns, operates, and manages railway infrastructure in the United Kingdom. Its railway infrastructure includes tracks, signals, tunnels, bridges, viaducts, level crossings, and stations. The company also leases small offices, warehouses, light industrial units, and railway arches to small and medium sized enterprises; various residential properties, which include garden and amenity land, small commercial lettings, private residential parking spaces, and temporary rights of access; and grants easements and wayleaves to statutory providers of utilities and telecom networks, and licenses for commercial companies to run pipes and cables. In ad...
90 York Way
London, N1 9AG
Founded in 2002
Key Executives for Network Rail Limited
Chief Executive and Director
Group Finance Director, Director and Member of Executive Committee
Managing Director of Network Operations, Executive Director and Member of Executive Committee
Route Managing Director for Western
Compensation as of Fiscal Year 2015.
Network Rail Limited Key Developments
Network Rail Seeking To Sell Commercial Property Portfolio
Jun 26 15
Network Rail Limited is looking to sell its commercial property portfolio worth over £1 billion. Network Rail has hired bankers at N M Rothschild & Sons Limited to assist in the sale. The railway land and properties no longer required for operational use might also be included in the potential sale. However, the portfolio does not include the stations, which the Government is also considering selling or outsourcing. A source close to Network Rail said Network Rail has “a pretty good understanding of what they are worth” and hoped that Rothschild would verify these assumptions.
Sir Peter Hendy Names as Chairman of Network Rail
Jun 25 15
Sir Peter Hendy, who delivered London's Olympic transport plan, has been appointed as new chair of Network Rail. The current Transport Commissioner in London, Sir Peter Hendy is someone of huge experience, who led and prepared for the successful operation of the city's transport for the 2012 Olympic and Paralympic Games.
Network Rail Limited Announces Group Earnings Results for the Year Ended March 31, 2015
Jun 11 15
Network Rail Limited announced group earnings results for the year ended March 31, 2015. For the year, revenue was £6,087 million against £6,333 million a year ago. Operating profit was £1,735 million against £2,001 million a year ago. Profit before tax was £506 million against £1,035 million a year ago. Loss after tax for the year was £376 million against profit after tax for the year of £1,256 million a year ago. Net cash generated from operating activities was £2,310 million against £2,720 million a year ago. Purchases of property, plant and equipment were £6,745 million against £6,263 million a year ago.
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