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Sunday, March 21, 2021

"Fantastic" response reported to railway's rescue appeal

The public appeal to shunt Llangollen Railway out of its deep financial trouble has shown a big upsurge in support.

On March 1 the board of Llangollen Railway PLC asked its bank to call in receivers after it became insolvent to the tune of about £350,000 and could not legally continue trading.

A firm of liquidators was called in which immediately began the process of selling off the assets of the world-famous heritage attraction.

However, the railway's Trust, which is quite separate from the PLC and completely solvent, declared its intention of taking over the running of the line and buying up as many of the assets as it could afford.

Since the crisis was revealed at the start of the month scores of people have been contributing to a public appeal which had raised £10,000 in a matter of days.

The railway's still-active Facebook page posted an update on donations yesterday and describes the public response as "fantastic".

It says: "Fantastic to see our appeal to raise funds for the LR Trust's efforts to rescue the railway topped £40K this morning with nearly 1,000 donations. 

"Thank you to everyone for their fantastic support but let's keep going!

The donations button figure at 1.15pm on Saturday was almost £41,000, which was up from £24,000 in early March with pledges of financial support still coming in.

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