Page "Railtrack" Paragraph 17

Railtrack's parent company, Railtrack Group, was placed into members ’ voluntary liquidation as RT Group on 18 October 2002.

The Railtrack business ( and its £ 7 billion debt ) had been sold to Network Rail for £ 500 million, and the various diversified businesses it had created to seek to protect itself from the loss-making business of running a railway were disposed of to various buyers.

£ 370 million held by Railtrack Group was frozen at the time the company went into administration and was earmarked to pay Railtrack shareholders an estimated 70p a share in compensation.

The Group's interest in the partially built High Speed 1 line was also sold for £ 295m.