Would the managers who ran the ATW maintainance operation not be largely the same ones who now run the TfW Rail one?
... and the drivers are the same, the trains are the same and the NR RHTT rotations are probably similar, leading to the obvious conclusion that it has been a 1 in X autumn and it may be or not over yet. Somehow I doubt SNCF will find that answer, but any Welsh railperson will.
Now, if ATW saw it coming and chose to drop out of the bidding ...