Administrator move in bid to save heritage railway line
A notice of intention to appoint administrators to keep a heritage railway going has been filed.
By Sue Austin
Published
Alan Coleman and Jason Elliott of regional chartered accountant specialist Cowgills could be appointed as administrators in a bid to help save North Wales’ historic Llangollen Railway.
Llangollen Railway Plc which operates the historic railway, has said that it is not able to continue to trade with the company insolvent to the extent of £350,000.
It has now been revealed that £250,000 of that money relates to engineering contract disputes.
Cowgills, based in Bolton and Manchester, said Mr Coleman and Mr Elliott had been instructed by the board to try and find a buyer and save up to 15 jobs.
