BRB (Residuary) Limited

BRB (Residuary) Limited (BRBR) was the successor to the British Railways Board. It was created in 2001 as a private company limited by shares, with 100% of the issued share capital owned by the Secretary of State for Transport. As part of the Public Bodies Act 2011, the company was abolished in 2013.

History

Starting in 1994, as part of the Railways Act 1993, British Rail was divided up and privatised. By November 1997, British Rail had been divested of all its operating railway functions. However, the British Railways Board (BRB) remained in existence to discharge residual functions, mainly relating to liabilities, pensions, and responsibility for non-operation railway land which had not passed to Railtrack upon its formation in 1994. It also had responsibility for the British Transport Police (BTP).

In 1999, the United Kingdom Government decided to create the Strategic Rail Authority (SRA), which would incorporate the BRB and the Director of Passenger Rail Franchising. Both these bodies began acting together, under the trading name of the Shadow Strategic Rail Authority. In 2000, primary legislation, the Transport Act 2000, was enacted to place the SRA on a statutory basis. In accordance with this Act, the BRB was abolished in 2001 and its remaining functions transferred to the SRA. Those functions which directly related to the old BR were placed in the charge of a wholly owned subsidiary of the SRA, BRB (Residuary) Limited (BRBR), which was incorporated in January 2001. Responsibility for the BTP passed temporarily to the SRA itself pending the creation of the British Transport Police Authority in 2004.

Private company limited by shares

A private company limited by shares, usually called a private limited company (Ltd.) (though this can theoretically also refer to a private company limited by guarantee), is the private limited type of company incorporated under the laws of England and Wales, Scotland, that of certain Commonwealth countries and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company (plc).

"Limited by shares" means that the company has shareholders, and that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thereby protected in the event of the company's insolvency, but money invested in the company will be lost.

A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but for this reason its shares may not be offered to the general public (and therefore cannot be traded on a public stock exchange). This is the major distinguishing feature between a private limited company and a public limited company. Most companies, particularly small companies, are private.

LTD

LTD, Ltd, or Ltd. may refer to:

Business and finance

Music

Science and technology

Transportation

Other uses

Leukotriene D4

Leukotriene D4 (LTD4) is one of the leukotrienes. Its function main in the body is to induce the contraction of smooth muscle, resulting in bronchoconstriction and vasoconstriction. It also increases vascular permeability. LTD-4 is released by basophils. Other leukotrienes that function in a similar manner are leukotrienes C4 and E4. Pharmacological agents that inhibit the function of these leukotrienes are leukotriene receptor antagonists (e.g. Zafirlukast, montelukast) and are useful for asthmatic individuals.

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