Underground Electric Railways Company of London

The Underground Electric Railways Company of London, known as the UERL, was established in April 1902 as the holding company for the three deep-level tube underground railway lines opened in London in 1906 and 1907, and it also controlled the District Railway, which it electrified between 1903 and 1905. By the mid-1920s the company was headquartered at 55 Broadway above St James's Park station, a building designed by architect Charles Holden, and under managing director Albert Stanley it expanded to operate most of London's underground railways, buses and trams. The UERL ceased to exist as an independent company on July 1, 1933, when a government buyout of its stock, following years of lobbying for transport regulation, absorbed it into the newly created London Passenger Transport Board.