The North British Locomotive Co Ltd was formed by the merger the 'big three' Glasgow locomotive builders (Sharp Stewart & Co, Neilson, Reid & Co and Dubs & Co) in 1903 as a result of increased competition both at home and from abroad. The new company claimed to be the largest manufacturers of locomotives anywhere outside America and was prompted by the ever increasing annual production by the Baldwin Locomotive Company in Philadelphia, USA, which had recently made incursions into the domestic UK market and in India, which the British locomotive industry had considered to be its own special preserve. It was believed that the rivalries and competition between the three companies operating individually within Glasgow had already produced significant technological advances which, in the new North British Locomotive Company would combine to make a single powerful and well equipped company, ready to dominate the market and take on competition, particularly from America. The new company never managed to operate at its capacity of 700 locomotives per year, producing a maximum of 573 in 1905. These numbers were maintained through to 1909 when production numbers began to fall rapidly. During the First World War North British Locomotive Company made locomotives for the War Department, as well as munitions and other military equipment, which were produced in vast quantities to meet the high demand. However, between the two World Wars, while orders were still being received, particularly from domestic railway companies, the fluctuation of demand meant that the company ran into some difficulty. As a result, employee numbers were significantly reduced, and manufacturing was concentrated at Queens Park and Hyde Park works. The last locomotive orders were completed at the Atlas Works in 1923. The Great Depression from 1929 saw the decline in demand for locomotives worldwide, with none built at all in 1932, and by the end of the 1930s, locomotive production at the North British Locomotive Company was operating at a loss. At the outbreak of the Second World War the company concentrated once more on war work, supplying both locomotives for the Ministry of Supply and munitions for the war effort. After World War II there was something of a revival in locomotive manufacturing, with orders being received and agreements being reached to build diesel & electric locomotives with the General Electric Company. This upturn in fortune was not to last however, as the North British Locomotive Company failed to make the successful transition from steam to diesel locomotive production. In 1957, the last order for steam locomotives was placed with the company and the last steam locomotive was completed in 1958. Although the company were making small industrial diesel locomotives, and received some early main line diesel orders from British Railways, the orders were never big enough to maintain the company. Other locomotive manufacturers, who had acted swiftly in transferring from steam to diesel and electric production, were becoming more successful. The company went into liquidation on 19 April 1962 with Messers Andrew Barclay Sons & Co (Kilmarnock, Ayrshire, Scotland) acquiring the North British Locomotive Company's goodwill.

“British Railways” is the expression commonly used to describe the business run by the following legal entities: • Railway Executive (1948 – 1952) • British Transport Commission (1952 – 1963) • British Railways Board (1963 – 1993) Railways were nationalised on 1st January 1948 when the assets of the railways in Great Britain were vested in the British Transport Commission (BTC), a state-owned corporation created by the Transport Act 1947. Between 1948 and 1952 the business of operating the railways was carried on by the Railway Executive, a state-owned corporation, subsidiary to BTC. The Railway Executive was abolished in 1952 and BTC took over direct responsibility for the railways. Before 1948 there was no brand that was identified with the whole of the railways of Great Britain, only the separate brands of the Group companies, Southern, Great Western, London, Midland and Scottish and London and North Eastern, and London Transport. The railways were run under the corporate identity “British Railways” from 1948 by both the Railway Executive and BTC. The public manifestations of this were the words themselves on vehicles and premises, quasi-heraldic devices on locomotives (the so-called “cycling lion” followed by the “ferret and dartboard”) and the lozenge shape adopted (and clearly inspired by London Transport’s very similar logo) for station names. When the nationalised transport industry was reorganised in 1963, BTC was itself abolished and a new statutory corporation created to run the railways. This was British Railways Board (BRB). The name most closely associated with the national railway system had now become part of the name of the corporate entity, (i.e. the legal person, entitled as a matter of law to own property, to enter into contracts, and to sue (or be sued) in the courts and be prosecuted for breaches of the criminal law) which owned the assets and business of the railways of Great Britain. As a result of the corporate rebranding carried out in 1965 the business name, or brand name (as it was now expressly recognised to be), was shortened to “British Rail”. However, BRB retained the full “British Railways” in its title until its eventual abolition under the provisions of the Transport Act 2000.