Tag: hampshire

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Isle of Wight ferry firm Red Funnel does ‘one day diddle’ to conceal ‘everyone taking a large cut out of the dividend’

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From Isle of Wight County Press today: Questions continue to be asked about the finances of Red Funnel after the Isle of Wight ferry firm shortened its accounting reference period for 2022/2023, by one day. It is the third time in two years the company has filed for what is colloquially known as a ‘one day diddle’. It means the cross-Solent operator has yet to publish its financial results for the 2022/2023 financial year. Red Funnel failed to respond to the County Press’s questions, asking why it had shortened the date. https://www.countypress.co.uk/news/24833333.isle-wight-ferry-firm-red-funnel-questioned-accounting-change/ Why might they do that? The Press offers: According to data intelligence company Red Flag Alert, … Continue reading Isle of Wight ferry firm Red Funnel does ‘one day diddle’ to conceal ‘everyone taking a large cut out of the dividend’

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BBC Hampshire & Isle of Wight -‘Unreliable ferry services causing huge stress’

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By Professor John Robertson From BBC Hampshire & Isle of Wight today: A ferry operator has cancelled several high-speed services across the Solent due to staff shortages. Red Funnel confirmed its Red Jet service between Southampton and Cowes, Isle of Wight would not be running due to “limited availability of crew”. It is the latest in a series of cancellations, with the most recent happening in March due to an “unexpected technical issue”. Passengers told the BBC in February that the unreliable ferry services were causing “huge stress”. https://www.bbc.co.uk/news/uk-england-hampshire-68795557 No staff? Unexpected technical issues? No service? Now that’s a ferry fiasco, friends. It’s hard … Continue reading BBC Hampshire & Isle of Wight -‘Unreliable ferry services causing huge stress’

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Isle of Wight ferry fiasco putting people’s health and well-being at risk says councillor but government not to blame

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This site costs nothing to run so donate to our friends at  https://www.broadcastingscotland.scot/donate/ From Alliance Party Councillor, Karl Love, in the Isle of Wight Country Press today: The situation with Red Funnel, Cross Solent transportation operators, and its cancellations and service disruptions to the Isle of Wight, after many months of negative service impacts, is intolerable and could be putting people’s health and well-being at risk from life threatening illness after residents are missing appointments and treatments, because of cancelled services. Red Funnel service cancellations are worsening and our whole Island economy, our invest-ability and potential tourist offer is being diminished.  … Continue reading Isle of Wight ferry fiasco putting people’s health and well-being at risk says councillor but government not to blame

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Saturday Night Misery as Isle of Wight Ferries leave motorists stranded

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This site costs nothing to run so donate to our friends at  https://www.broadcastingscotland.scot/donate/ From BBC Hampshire & Isle of Wight today: Passengers were left stranded after a ferry company cancelled its late-night crossings. Wightlink, which runs services between Hampshire and the Isle of Wight, suspended car ferries on Saturday night, blaming “technical issues” in an email to customers. In a message on X, posted 25 minutes after the 22:00 crossing had been due to depart, Wightlink said there would be an additional FastCat sailing for foot passengers at 00:15 on Sunday. One passenger told the BBC he had to leave … Continue reading Saturday Night Misery as Isle of Wight Ferries leave motorists stranded

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Isle of Wight ferry company has no plans to replace Catamaran which is running on only 3 out of 4 engines

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From BBC Hampshire and Isle of Wight yesterday: Unreliable cross-Solent ferry services are causing “huge stress”, passengers have said. Both the Red Jet passenger vessels and car ferries operated by Red Funnel have suffered cancellations and delays in recent months. Islanders have complained about disrupted commutes and journeys to hospital appointments. High-speed passenger ferry RedJet 6 is only running on three of its four engines. The company said supply chain issues had led to problems obtaining spare parts to mend its fourth engine. On 13 February it suffered an interceptor seal failure and the following day tidal conditions meant it … Continue reading Isle of Wight ferry company has no plans to replace Catamaran which is running on only 3 out of 4 engines

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Isle of Wight ferries charged several times the CalMac rate and got a Covid rescue grant yet made £16m profit and paid shareholders £10m

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In Island Echo today: Wightlink made a profit of £16million in the financial year to March 2023, according to the company’s latest financial figures. The cross-Solent operator published its accounts – which are available on Companies House – on 8th January, covering the period from April 2022 to March 2023. The highest-paid director – who is unnamed – took home £398,000, with a further £285,000 paid out to other directors. A dividend of £10million was proposed to be paid in June last year, despite Wightlink taking a COVID rescue grant from the Government. No CalMac or previously Caledonian MacBrayne ferry … Continue reading Isle of Wight ferries charged several times the CalMac rate and got a Covid rescue grant yet made £16m profit and paid shareholders £10m