



The reason for the demise of the company must be viewed against the backdrop of 1960s British industrial politics. British Railways, in 1961 had lost some £87 million pounds of public money and the chairman, the infamous, Dr Beeching wrote his equally infamous report The Reshaping of British Railways. This short sighted document, commonly known as the “Beeching Report”, took the view that any unprofitable route should be axed. This decision devastated the British rail network and by 1966 more than 4,000 route miles had been cut and left Britain with just 13,721miles of track. By the end of the 60s, a further 2000 miles had gone.
The repercussions of “Beeching”
was a cutback of rolling stock manufacture throughout the rail and supporting
industry. In the case of BRC&W, a complete change of direction was decided
upon and the building of locomotives and rolling stock came to an end in favour
of finance. The once proud company changed its name and became the First National
Finance Company.
: : History
: : Construction Photos
: : Technical Photos
: : Specification
: : Technical Glossary
: : Epilogue
: : Video