The success of the company in restoring so many locomotives is entirely due to the shareholder scheme and the support our shareholders have given us. Below are some questions and answers about the Shareholder Scheme.
How much is a share?
£250.00
Can I pay in installments?
Yes. The minimum is £5.00 per month for 50 months but it can also be any other combination such as £25.00 per month for 10 months. We will ask you to fill out a Banker's Standing Order.
Is the share allocated to a particular locomotive?
Legally you are purchasing a share in Southern Locomotives but we ensure that the money you have paid is allocated to the locomotive of your choice.
Can I buy shares in more than one locomotive?
Yes, although each individual share should be allocated to a particular locomotive.
How many shares can I buy?
As many as you want. There is no limit.
Will I receive a dividend on my shares?
No. We have so far aimed to not make any profit. Locomotive restoration is an expensive business but there are other benefits.
So what benefits will I get from buying a share?
Many. The first is not really quantifiable but to be able to see a newly restored locomotive and to know that you have played some part in its restoration is, for many, a reward in itself.
Secondly we try to ensure that any shareholder so wishing is able to get a footplate ride on any of our locomotives. We have been very fortunate in that the preserved railways that have operated our locomotives have always been most helpful in this respect. Last year the Swanage Railway arranged for a number of shareholders to have supervised footplate experience.
Thirdly for those that feel fit and active there is the opportunity to physically help in locomotive restoration work. The large number of working shareholders has been one of the reasons for the rapid restorations of our locomotives.
Other benefits include a colour magazine, Southern Pacific, and the opportunity to attend various events that we organise.
Interested?
Send us an e-mail.