The ‘Class G5 Locomotive Company Ltd’ is VAT registered Company and shareholders are eligible for tax relief on their investment under the Government's ‘Enterprise Investment Scheme’ (EIS); the minimum shareholding to qualify for tax relief is £500. The current rate of tax relief is 30%.
Shares are available at a minimum of £100 although tax relief is only available for amounts paid of over £500 within a single tax year.
The directors are elected at the Company's AGM and must hold more than £50,000.00 of shares to be eligable for election.
When complete, and run-in, the locomotive will be made available for hire to the Heritage railway sector.
As mentioned on our home page, there is a need for a modern, small to medium sized steam locomotive for the growing Heritage railway sector. We have already had enquiries from several Heritage railways about the availability of the engine so we feel confident that, when completed and operational, the locomotive will be able to earn sufficient to cover future maintenance costs and provide a return on shareholder investment.
If you would like fuller details, or a shareholder prospectus, please contact either our Chairman, Dr Mike Wood, or Company Secretary, Mr Tim Taylor; their details are on the contacts page.
Registered at Cardiff.
Company No.: 6283043
VAT Registration No.: GB 927 6581 87
Chairman: M. R. D. WOOD
Secretary: T. TAYLOR