Isn't it Alstom not being paid as the Angel/SWR lease has not yet started?
My thanks too. It has prompted me to delve into this. It transpires that Bank of Luxembourg is owned by CIC (Crédit Industriel et Commercial), which is a subsidiary of the French bank Crédit Mutuel.
So effectively the funds received by Alstom (a French company) are underwritten by a French bank - although I accept that this wasn't the case when the trains were ordered!
Above by PG I believe Alstom had received funds for the 701s from Rock Rail SWR LTD?, below also from Snow.
No further charges have been registered by Rock Rail SW since June
Still 45 charges (42 trains, plus the general one, simulators, and specified spares)
Automerge,
update 31st August
Another charge (number 46) has been registered by Rock Rail covering unit 701 027, however this unit was already covered by charge 42
ROCK RAIL SOUTH WESTERN PLC filing history - Find and update company information - GOV.UK
ROCK RAIL SOUTH WESTERN PLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activityfind-and-update.company-information.service.gov.uk
The updated list of 701s with charges to Deutche Bank Luxembourg is now
004, 006, 011, 012, 013, 014, 015, 016, 017, 018, 019, 022, 023, 024, 025, 026, 027, 028, 029, 030, 031, 032, 033, 034, 035, 037, 038, 040, 041, 042, 043, 044, 045, 046, 047, 048, 049, 050, 051, 052, 509, 512,
(40 units 10car, 2 units 5car)
410 vehicles of 750 (which is 54.66%)
Missing units are :
001-003, 005, 007-010, 020-021, 036, 039, 053-060,
501-508, 510-511, 513-530