SRH board minutes 13 March 2024

SRH Board Minutes 13 March 2024.pdf

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10. Chief Executive’s Executive Summary

The CEO highlighted key points of the papers for noting:

  • [Redacted]
  • SRT had suffered an unusually high number of tree strikes – [Redacted].
  • Applaud CSL team on dealing with the issues following the [Redacted]

Carolyn Griffiths confirmed that she, Jo Maguire and David Lister are due to have a meeting with Network Rail (NR) on the vegetation issue and can update the Chair on the various issues.

The Board noted the paper.

11. ScotRail Holdings Limited, ScotRail Trains Limited and Caledonian Sleeper Limited Operational & Performance Update

John MaQuarrie highlighted key points from the paper asking the board to note that he has a Performance and Improvement Executive meeting tomorrow and will be discussing the 92.5% PPM trajectory. ORR monitoring and reinforced plans.

In respect of the 92.5% performance target – the Board asked what is SRT’s target for getting more people on trains. Revenue, punctuality and reliability were equally important.

John MacQuarrie highlighted the good work his team are doing to put some [Redacted].

The review of the SRT policy compendium had concluded and work will start on the annual assessment which will be brought to the May board. Productivity measures are being reviewed and future proposals will be brought to a future board.

The Board noted the paper.

12. Scottish Rail Holdings Limited, ScotRail Trains Limited and Caledonian Sleeper Limited Finance Update

Campbell Davidson presented the paper and highlighted that this paper summarised the SRH Group’s rail period 11 and YTD results; provided an update regarding the 2023/24 full year latest estimate and funding availability; and an update regarding 2024/25 draft budgets for the Group. • SRH Group’s consolidated net expenditure from operating activities (before IFRS16 and Annually Managed Expenditure (“AME”) technical adjustments) was [Redacted] for rail period 11 and [Redacted] The latest 2023/24 full year estimates indicate [Redacted]

Brian Baverstock confirmed he will provide comments directly to Campbell to note.

The Board noted the paper.

13. Group Monthly Communications Report

The Board noted this paper.

14. Minutes from previous meeting

Minutes will be reviewed at next meeting.

15. Actions and matters arising from previous meeting

Actions to be reviewed at the next meeting.

16. Any other business

17. Board lookahead

The Board noted this paper.

Date of next meeting: Thursday 4th April 2024 at St Vincent Plaza, St Vincent Street, Glasgow.

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