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