Gwili Steam Railway
The Gwili Railway Company was formed in 1975 having purchased approximately 8 miles of the former Carmarthen to Aberystwyth line from British Railways. The section purchased runs from Abergwili Junction in the south, the point at which the GWR Aberystwyth line joined the LNWR line from Llandeilo, to a point just short of Llanpumpsaint Station to the north.
The Gwili Railway Company is a company limited by shares. It owns the land that the railway runs on and most but not all of the locomotives and rolling stock. There is a board of directors that meets regularly, making strategic decisions about the future of the railway. An annual general meeting is held every year at which directors can be voted onto the board. Every shareholder may vote. The number of votes any individual/group may have is directly related to the number of shares held. Once voted onto the board, directors have a three year term of office. Shares in the company are available from the company secretary and cost £10 each. The company does not pay a dividend on its shares. All shares are regarded as donations and all profits are ploughed back into the company to further develop the railway.
The company employs a small number of individuals who help run the railway. These employees are assisted by a large group of volunteers without whom the railway could not operate. The company is assisted in running the railway by employing a General Manager. He is the line manager for the Heads of Departments and is directly responsible to the board of directors.
Much assistance is give to the company by the Gwili Railway Preservation Society. The Society organises, encourages, cares for and supports volunteers. The Society also provides much needed financial assistance for the railway.