As a shareholder of the company you will in fact be a part-owner of the locomotive.
When it comes to making decisions about the engine, then each shareholder has one vote per share. Those shareholders paying by standing order have the same voting rights as a fully paid up shareholder.
To support us in our restoration of 4253 please complete a Share Application Form. The form can be used to purchase one or more shares either paid for in full or, alternatively, via monthly Standing Order.
If you are paying in full, you may prefer to pay online with PayPal, a credit or debit card. Simply download, complete and send the application form to us and then click here to pay for your shares. We will acknowledge receipt and forward the share certificate to you.
This is one of the last opportunities to become involved with owning and restoring a steam locomotive from scrap yard condition.
Questions frequently asked:
Q: How much does a share cost?
Q: How many shares can I buy?
As many as you want. There is no practical limit, although the directors have the power to decline an application for shares if it has the potential to disturb the balance of power amongst the other shareholders.
Q: Can I pay by instalments?
Yes. The minimum is £10 per month or any higher amount you choose in multiples of £5. We ask you to complete a Bank Standing Order with the amount you would like to pay.
Q: Will I receive a dividend on my shares?
No. We are not aiming to make a profit. Everything will go back into the locomotive as restoration and operation is an expensive business. However there are other benefits.
Q: What benefits will I get from buying a share in 4253?
The main benefit is simply to see the engine restored and running and to know that you have played a part in its restoration.
If you wish to take an active part in the restoration then there is the opportunity to do something practical by attending the regular Tuesday and Sunday working parties. For those who are unskilled or have no previous experience then training can be given.
You will be kept informed about progress and receive regular newsletters and email updates as well as asked your views about developments. All shareholders can vote and thereby help influence decisions at the Annual General Meetings.
As a shareholder you will get the opportunity to have a footplate ride at various occasions and, if you wish, the opportunity to have a go at firing and driving under supervision on shareholder days.
Q: Can I buy shares for other people?
Yes. You can buy shares for any person you wish to name. Shares in a steam locomotive make great presents for husbands, sons, fathers, brothers, and uncles. We also have a considerable number of lady shareholders as well.
Q: Can the shares be traded?
There is no open market for shares in 4253 Locomotive Company Ltd, but they can be transferred from one person to another on whatever basis they may privately agree.