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 of investors. On acquisition, Angel Trains International became a separately owned company, now called Alpha Trains.
Angel Trains Ltd employs just over 100 professional and experienced staff at its headquarters in Victoria, London and in a second office in Derby.
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