Connex South East Trains

On 26 June 2003 Connex were informed by the Strategic Rail Authority that after seven years of poor performance their rail franchise was being terminated. Connex were given a choice of immediate termination or 6 months notice and chose the latter although they later agreed an early transfer with South Eastern Trains taking over on 9 November 2003 (SRA, 2003). South Eastern Trains is a newly formed subsidiary of the SRA. Between 1996/97 and 2002/03 Connex received £779m in public subsidies (