ANGEL Trains, the rolling stock leasing company (ROSCO) owned by the Royal?Bank of Scotland, saw pre-tax profits grow by over 28% to £91.2m in the year to December 31 2005, according to its annual accounts.
The company owns a fleet of some 5,000 railway vehicles which it leases to train operators. The business was one of three ROSCOs established in the mid 1990s during the rail privatisation process. As well as the core UK business, Angel now trades in five continental countries -...
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