SOUTHAMPTON ISLE OF WIGHT AND SOUTH OF ENGLAND ROYAL MAIL STEAM PACKET COMPANY LIMITED
Company Information
- Company Number
- 00002404
- Registered Address
- 12 Bugle Street, Southampton, Hampshire, SO14 2JY
- Status
- Active
- Employee Count
- 551
- Turnover
- £59,961,000
- EBITDA
- £10,438,000
Additional Details
- Website
- https://redfunnel.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 10 September 1861
- Nature of Business
- 50100 - Sea and coastal passenger water transport50200 - Sea and coastal freight water transport
- Industries
- Distribution And Delivery, Waterways Travel
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 24 Jul 2025 | 44 | 30% | 60% | 10% | 53% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 43 | 31% | 61% | 8% | 55% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The business's main standard payment terms are "30 Days End Of Month", which has been shown above as 45 Days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Dispute Resolution Process
We value our supplier relationships. In the event of a query, the business and finance teams work with the supplier to ensure all issues are dealt with as quickly as possible.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
The Southampton Isle of Wight and South of England Royal Mail Steam Packet Company Limited is a shipping company that operates in the UK. Founded in 1820, it has a long history of providing transportation services between Southampton and the Isle of Wight.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using energy-efficient vessels, promoting recycling and waste reduction, and supporting local conservation projects.
Their main products and services include ferry services between Southampton and the Isle of Wight, as well as cruise and excursion trips around the South of England. They also offer private charters and transportation for events and special occasions. Additionally, the company has a retail division that sells souvenirs, snacks, and other items on board their vessels.
The key people of the company include its Chairman, Christopher Garnett, and its Managing Director, Fran Collins. They are supported by a team of experienced staff who are dedicated to providing safe and efficient transportation services.
The company's website address is www.redfunnel.co.uk, where customers can find information on schedules, fares, and special offers. The registered office address is Red Funnel House, 12 Bugle Street, Southampton, SO14 2JY, UK.
In conclusion, the Southampton Isle of Wight and South of England Royal Mail Steam Packet Company Limited is a reputable shipping company that offers sustainable transportation services and promotes environmental responsibility. With its range of products and services, it continues to serve the local community and visitors to the UK.
