Red Funnel
Red Funnel, the trading name of the Southampton Isle of Wight and South of England Royal Mail Steam Packet Company Limited, is a ferry company that carries passengers, vehicles and freight on routes between the English mainland and the Isle of Wight. High-speed foot passenger catamarans, known as Red Jets, run between Southampton and Cowes, while vehicle ferries run between Southampton and East Cowes.
Red Jet 5 leaving Town Quay | |
| Red Funnel | |
| Industry | Transport |
| Founded | 1861 |
| Headquarters | Southampton, Hampshire, England |
Area served | |
Key people | Stephen Ridgway (Chairman) Fran Collins (CEO) |
| Revenue | £45.4 million (2014) |
| £14.3 million (2014) | |
| £9.7 million (2014) | |
| Total assets | £44.6 million (2014) |
| Total equity | £39.4 million (2014) |
| Owner | West Midlands Pension Fund Workplace Safety & Insurance Board |
Number of employees | 426 (2020) |
| Parent | Falcon Acquisitions Limited, Red Funnel Limited |
| Website | redfunnel.co.uk |
Red Funnel's main competitor is Wightlink whose services operate from Portsmouth to Fishbourne and Ryde, and from Lymington to Yarmouth. The other major Solent ferry company, Hovertravel, operates between Southsea and Ryde. Both provide a frequent service to the Isle of Wight, but neither normally serve Southampton, Cowes or East Cowes.
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