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Our History

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 PLC.

In August 2008 Angel Trains was acquired by a consortium of investors from Australia, Canada, Luxembourg and the UK.

Our Shareholders

In August 2008, a consortium of investors acquired Angel Trains from The Royal Bank of Scotland Group PLC. The original consortium comprised Arcus Infrastructure Partners; AMP Capital Investors; International Public Partnerships; PSP Investments; STC Funds Nominee Pty Ltd; Statewide Superannuation Pty Ltd and Prime Super Pty Ltd.


In October 2012 Statewide Superannuation Pty Ltd transferred its stake to a number of the other consortium members and in August 2015, AMP Capital Investors and PSP Investments acquired the interest previously held by Arcus Infrastructure Partners. Subsequently, in October 2015, AMP Capital Investors acquired the interests held by Prime Super Pty Ltd and STC Funds Nominee Pty Ltd. To visit one of our shareholders' websites, please click on the appropriate logo.

Our Business

Angel Trains is passionate about financing and delivering high quality, modern assets to its customers and is committed to working with the Government, the Rail Delivery Group ("RDG") and other stakeholders to provide innovative funding solutions to modernise and improve the UK's train fleet.

We have invested over £5 billion in new rolling stock and refurbishment programmes since 1994 are the second largest private investor in the industry, after Network Rail.

Angel Trains employs approximately 145 professional, technical and support staff at its headquarters in Victoria, London and at a second office in Derby.

Our Vision

We are justifiably proud of our reputation as a professional and trustworthy company which is highly committed to safety and technical excellence.

Our mission is to professionally manage the long term provision of rolling stock assets to Britain's rail industry for the mutual benefit of our stakeholders. This will help us achieve our vision of being Britain's leading rolling stock asset manager. 

Corporate Social Responsibility

As a major investor in the rail industry, we are committed to playing a key role in helping the industry reach its full corporate and social responsibility ("CSR") potential. We participate in various industry working groups and have action plans to tackle many of the topics and issues that impact today's railway.

We continue to improve our CSR credentials by encouraging our suppliers to adopt an ethical trading culture. We have also implemented ethical trading as a key decision-making criterion when evaluating bids from suppliers.

Responsibility to the Environment

Angel Trains maintains an Environmental Management System in order to ensure the business understands where it interacts with the environment, any potential risks, and that appropriate controls are in place. Through our supplier assessment process we express a preference for ISO 14001 approved suppliers, thus encouraging an environmentally responsible supply base. We continue to develop environmental improvements to our assets and support our customers in doing so where such initiatives are operator led. 

If you would like to view our Environmental Policy please contact the Compliance Manager on +44 (0)20 7592 0500.

Recycle & Reuse

When a train reaches the end of its commercial life, we ensure it is disposed of in a manner which complies with the relevant environmental legislation and, as far as practicable, that materials are recycled and reused. For example, three redundant rail vehicles that would otherwise have been scrapped were donated to the Fire Service College for use by trainee firefighters. A further two vehicles have been donated to a new Emergency Services Training Centre at Seacombe on Merseyside, where the vehicles will be utilised by all three emergency services to practice train evacuations, thereby helping increase the probability of a safe rescue in the event of a serious incident on the railway. Prior to these disposals, a number of useful components were removed and will continue to support our active Class 507/508 fleets on Merseyside.



We are currently working on a number of projects to continue the operation of fleets beyond their current end of service lives. This will avoid the cost and environmental impact of building new trains whilst the existing vehicles still have many years of useful service.

In addition we have increased the fuel economy of our MTU engines and have been actively participating in a cross industry group looking at the use of bio fuels.


Angel Trains and its employees participate in a matched contribution Give As You Earn scheme that has contributed over £150,000 to numerous charities since 2008 and has earned us a Platinum Award for Payroll Giving since 2014. The Platinum Quality Mark Award recognises employers that continually strive to increase donations to UK charities through Payroll Giving.

Since 2010, staff in both London and Derby offices have volunteered with community groups on various projects that enhance the lives of local people. In addition, a number of employess are reading volunteers at a local primary school in association with Beanstalk.

Beanstalk is a national literacy charity that recruits, vets, trains and supports volunteers to work in primary schools with children who have fallen behind with their reading.

We have also donated in excess of £35,000 since 2011 either through corporate donations or by matching amounts raised in sponsorship by employees taking part in fundraising challenges for organisations including the Caledonian Challenge and The Railway Children.

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