How NSE Was privatised

In preparation for privatisation, Network SouthEast was split into 11 separate businesses, with effect from April 1st 1994. Between 1995 and 1997, these new businesses were sold off as franchises to the preferred bidder. Many of the bidders were from the Bus sector, but there were also many attempted management buyouts. The table below shows the 11 companies and who secured the franchise.

Ex Network SouthEast Bussiness Franchise awarded to Now trading under
Chiltern Management (under the name M40 trains) Chiltern Railways
Great Eastern FirstGroup First Great Eastern
Island Line Stagecoach Holdings Island Line
London, Tilbury and Southend Prism Rail LTS Rail
Network SouthCentral Connex Rail Connex
North London Railway National Express Silverlink
South Eastern Connex Rail Connex
South West Trains Stagecoach Holdings South West Trains
Thames Management/Go Ahead Thames Trains
Thameslink Go Ahead Thameslink
West Anglia Great Northern Prism Rail WAGN

Ex-Network SouthEast Business: This is part shows the company’s NSE was split into pending privatisation.
Now Trading Under: Some of the newly owned companies changed the names of the franchises they were awarded.

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