Railtrack was created as a publicly owned company in 1994 and operated as such until it was privatised in 1996. It was forced into administration in 2001 (after

Railtrack was created as a publicly owned company in 1994 and operated as such until it was privatised in 1996. It was forced into administration in 2001 (after Hatfield) and in 2002 Network Rail was created to buy its assets.