Peter Henderson

 Network Rail is the trade name used by Network Rail Ltd and its various subsidiary companies. The most prominent subsidiary is Network Rail Infrastructure Ltd which is the owner and operator of most of the rail infrastructure in Great Britain. It is not responsible for railway infrastructure in Northern Ireland or for the majority of track used by London Underground.

Network Rail Ltd is a statutory corporation created as a "not for dividend" private company limited by guarantee; Network Rail Infrastructure Ltd was reported in the 2010 annual company report as 100%-owned by Network Rail Ltd. Network Rail Ltd. has no shareholders thus is not owned by anyone but it is subject to various official requirements and directions. Currently the company applies its income to its own purposes. The lack of a legal owner makes it liable to any future statute taking it into government ownership and its status as a statutory corporation enables the government to make changes to the company despite not being the legal owner. During 2014, Network Rail will be reclassified as a government body, adding around £140bn to public sector net debt.

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