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.

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-operational 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.

...
Wikipedia