Background

Angel Trains was created in 1994 as one of three rolling stock companies (ROSCOs) in preparation for the privatisation of the rail industry. It was briefly owned by the Japanese investment bank, Nomura and from 1997 until 2008 was a wholly-owned subsidiary of the Royal Bank of Scotland Group. During this time, Angel Trains created an international business and by August 2008 had 400 locomotives and more than 230 passenger trains on lease or on order in eleven countries in mainland Europe, in addition to its existing UK fleet.

In August 2008, Angel Trains Group was bought by a consortium advised by Babcock & Brown. On acquisition, Angel Trains International became a separately owned company.

Angel Trains Ltd employs just over 100 professional and experienced staff at its headquarters in Victoria, London and in a second office in Derby.

Angel Trains owns and maintains over 4,400 rail vehicles in the UK, about 37% of the nation’s rail rolling stock. It leases to 18 of the 19 franchised operators and the open access operators.