British Railways, or to use its more common name, British Rail, ceased to exist during the early 1990s. It was replaced by Railtrack, which was to operate the actual track and station premises, and a variety of operating companies, which were to provide services. Railtrack eventually collapsed in a welter of maladministration and debt in 2001, and the British Government put the company into administration and in effect re-nationalized it at that time. A new non-profit successor to Railtrack is in the process of development.