Under the 1993 Railways Act, the old British Rail was split up and sold off. By November 1997, British Rail had been divested of all its operating railway functions.
The remaining functions of the British Railways Board are now discharged by BRB (Residuary) Ltd. The company is owned by the Government and reports to the Department for Transport.
As a residuary body, the company is responsible for discharging a variety of functions, including obligations in respect of liabilities acquired by British Rail as a major employer over nearly half a century and as a direct result of the privatisation process.
BRB (Residuary) Ltd
One Kemble Street
020 7904 5079
New: Information about the future of Waterloo International station here.