RED FUNNEL LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -1.8%

  £61,084,000 → £59,961,000

• Cash

  -6.9%

  £6,621,000 → £6,164,000

• Net assets

  -15.5%

  -£213,418,000 → -£246,500,000

• Employees

  +0.9%

  549 → 554

• Operating profit

  +95.8%

  -£174,448,000 → -£7,324,000

• Profit before tax

  +83.6%

  -£194,267,000 → -£31,945,000

• Wages

  +5.7%

  £18,428,000 → £19,485,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. RED FUNNEL LIMITED 2017-09-27 → present
2. HAWK ACQUISITION LIMITED 2017-06-16 → 2017-09-27

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Njord Partners has confirmed it will provide, or procure the provision of, such financial support as is necessary for a period of at least 12 months from the date of approval of these financial statements. This confirmation has been executed as a deed.”

Group structure

1. RED FUNNEL LIMITED · parent
   1. Falcon Acquisitions Limited 100% · UK · Ferry and associated services
   2. Southampton Isle of Wight and South of England Royal Mail Steam Packet Company Limited 100% · UK · Ferry and associated services
   3. Steam Coffee Company Limited 100% · UK · Ferry and associated services
   4. Isle of Wight Holidays Limited 100% · UK · Ferry and associated services
   5. Red Funnel (Pension Trustees) Limited 100% · UK · Ferry and associated services
   6. Hythe and Southampton Ferry Company Limited 100% · UK · Ferry and associated services

Significant events

• “On 29 September 2025, an offer by a company controlled by Njord Partners was accepted to purchase the entire share capital of the Company from the previous owners, Red Funnel Holdings Limited. A Sale and Purchase Agreement ("SPA") was executed for the transaction. On 28 November 2025, the SPA transaction completed following approval under the National Security and Investment Act 2021.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

2

last 24 months

Officers appointed

4

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.