I can tell you what I know as I was ‘In the room when it happened’…..
The 501 Project was initially run by the Suburban Electric Railway Association and was funded by the sale of shares in the project, the shareholders would become (and still are) the owners of any vehicles purchased. It took a few years for the vehicles to become available with the driving trailer and a centre trailer at the MOD at Marchwood and the driving motor coming from the last sandite unit on Merseyrail. In the event the project was out bid on the centre trailer and that ended up going for scrap, which wasn’t all bad as the vehicle had a bent frame from a rough shunt sometime in its past.
The two vehicles that were saved went to the Electric Railway Museum and remained there until the site was cleared in 2018 when they went to Finmere. When that site close the vehicles went to their current location at Pidington.
The SERA (and my self) ceased to have any role in the management of the project from 2016 and the principle shareholder took over all management and administration. The ownership still remains with all the shareholders (of which I’m one) but since the units left ERM I’ve heard no updates and can’t tell you what, if anything, has been done to them restoration wise. There was a Facebook page for the project started by the principle shareholder but it hasn’t been updated in a very long time.
Class 501. 1,250 likes · 457 talking about this. these unique British Rail multiple units were built in 1955/56 to run on the North London Lines which
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