To provide value for money rolling stock asset management services to the UK market through
- Maximising demand for our existing fleet
- Investing in cost effective refurbishments which improve the passenger experience and lower overall life cycle costs
- Selective new build investment
- Providing asset management services to new entrants to the market
The company has established strong strategic relationships with the major rail vehicle manufacturers and key suppliers of heavy maintenance, vehicle enhancement and refurbishment services. These long–term relationships, and the resulting efficiencies, ensure that Eversholt Rail is able to secure value for money and quality on behalf of its customers. Its relationships with its key suppliers mean that Eversholt Rail is also able to offer maintenance and refurbishment/enhancement solutions tailored to customers’ specific needs and preferences.
Eversholt Rail’s passenger rolling stock portfolio of 19 separate fleets comprises around 3,500 passenger vehicles, of which over 3,100 are electric–powered. These fleets range from 75mph suburban Electric Multiple Units (EMUs) to 140mph high-speed intercity trains. The company also owns a significant proportion of the UK’s most modern Diesel and Diesel–Electric Multiple Unit (DMU and DEMU) fleets.
Eversholt Rail also owns 83 freight locomotives.
Our customers are UK passenger train operating companies and UK freight operating companies.
The principal customer–facing functional groups, and their respective responsibilities, are outlined below.
Relationship Development: provides a dedicated customer interface for all commercial and lease–related matters, and is responsible for the planning and co–ordination of the regular series of customer meetings throughout the term of the lease. The meetings framework typically includes lease reviews, high–level strategic reviews and technical reviews, with other ad–hoc meetings as required, and will be tailored according to the customer and to the rolling stock.
Operations: responsible for the through–life asset planning and management of each rolling stock class against the approved Fleet Management Plan. Fleet Technical Managers act as the customer’s point of contact for fleet performance and for any technical issues for all assets on lease and Requirement Managers help our customers shape future needs for future leases. Operations, through the Current Programmes or Future Programmes portfolios, also ensures that all projects – heavy maintenance, asset enhancement and new build – are planned, managed and executed and reflect the needs of the customer and maximise experience gained from previous programmes.
Eversholt Rail was one of 3 Rolling Stock Companies (RoSCos) formed on privatisation of British Rail. It was owned by HSBC from 1997 – 2010 and Eversholt Investment Group, a consortium consisting of STAR Capital Partners, 3i Infrastructure plc and Morgan Stanley Infrastructure Partners from 2010 – 2015.
Eversholt Rail is now owned by UK Rails S.A.R.L., a company jointly owned by Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited.
The Eversholt Rail team, of around 100 people, is highly experienced, with a strong mix of commercial, technical and engineering skills and an in–depth knowledge of the UK rail industry.
The Executive Management Team
Mary Kenny, Chief Executive Officer
Mary’s involvement with Eversholt Rail began in 1997 when HSBC acquired Eversholt Leasing. She held various finance roles around the Asset and Structured Finance portfolio in HSBC before returning to Rail in 2007.
In 2008 Mary became Chief Executive Officer at Eversholt Rail Group, she was previously Chief Operating Officer and Head of Finance. Mary places equal importance on both the business objectives and the careers and welfare of her staff.
During her time with Eversholt Rail, Mary has overseen a significant investment programme, in addition to operational and ownership changes. This has included the sale of Eversholt Rail, formerly owned by HSBC Bank, to Eversholt Investment Group, a group consisting of three investment funds managed by 3i Infrastructure plc, Morgan Stanley Infrastructure Partners and STAR Capital Partners. Followed by the subsequent sale to UK Rails S.A.R.L., a company jointly owned by Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited.
Mary has a degree in Business and is a qualified Chartered Management Accountant.
Andy Course MBE, Chief Operating Officer
Andy joined Eversholt Rail in June 2013 and is new to the railway industry. After joining the Royal Navy as an engineering apprentice in the early 1980s, he served for over 20 years as an Engineer Officer, responsible for the development, procurement, upgrade, maintenance and operation of warships and their systems, and a further 6 years advising private and public sector clients as a strategy consultant and Director at PwC.
Andy is a Chartered Engineer with a Masters degree in Systems Engineering and a second Masters degree in Strategic Studies.
Andrea Wesson, Chief Financial Officer
Andrea joined Eversholt Rail in 2008 and during her eight years with Eversholt Rail she has held various roles in the finance function including Head of Treasury and Risk. Andrea was appointed to Chief Financial Officer in July 2016. Andrea began her career at Arthur Andersen & Co moving to Forward Trust Group, the leasing arm of Midland Bank (HSBC) and is a Chartered Accountant and a Fellow of the Association of Corporate Treasurers.
Stephen Timothy, Client Relations Director
Steve joined Eversholt Rail in 2003 as Customer Services and Operations Manager and was appointed to his present role in 2008. Previously Steve has held several senior general management and sales roles in international Metals/Engineering, Oil and Gas industries, including Director/General Manager ALSTOM’s Traction Service business. Earlier positions that Steve held include a Government/Industry science and technology think-tank and various project/engineering roles.
Steve began his professional life in academia: he was a Research Fellow at Emmanuel College, Cambridge and has MA and PhD degrees in Natural Sciences. He is also an External Governor at the Board of Sheffield Hallam University.
Katariina Jalas,, Head of HR
Katariina joined Eversholt Rail in 2014 as Head of HR. Katariina has more than 15 years’ experience in Human Resources, mostly gained within the Financial Services sector. Prior to joining Eversholt Rail, Katariina was the EMEA Head of HR for Asset Management and Investment Banking Department at Credit Suisse. Katariina holds an MA from the University of Helsinki and an MBA from London Business School. She is also a qualified Executive Coach.
Keith Ludeman, Senior Non-Executive Director
Keith has been Senior Non-Executive Director at Eversholt Rail since April 2015.
Keith is also Chairman at TXM Plant, Aspin Group, Bristol Water Company, Non-Executive Director at Interserve PLC as well as a Member of the Board of Trustees at London Transport Museum.
Andrew Haines, Non-Executive Director
Andrew has been Non-Executive Director at Eversholt Rail since January 2013.
Since 2009 Andrew has been Chief Executive of the Civil Aviation Authority (CAA).