Professor John Robertson OBA From Isle of Wight County Press, three days ago: The parent company of the Isle of Wight’s Red Funnel has seen its profitability drop by more than 20 per cent, latest figures show, but the boss of the ferry firm has once again quashed “incorrect” talk of administration. Accounts for 2023 for Southampton Isle of Wight and South of England Royal Mail Steam Packet Company (SIOW), trading as Red Funnel, have now been published. In the year ending December 2023, the accounts show that SIOW recorded a 10.4 per cent increase in turnover, reporting £61.08 million in 2023 … Continue reading Troubled English ferry company has to borrow to survive but still pays nearly £1 million to directors