Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jul 2025 - 31 Dec 2025 | 29 Jan 2026 | 42 | 38% | 54% | 8% | 47% |
| 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% |
| 01 Jan 2024 - 30 Jun 2024 | 03 Oct 2024 | 44 | 26% | 63% | 11% | 57% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 29 | 47% | 45% | 7% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Sept 2018 | 39 | 29% | 60% | 11% | 68% |
This information is as reported by the business, and responses are in their own words.
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
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This long-established Southampton company operates as Red Funnel, the ferry service connecting Southampton and the Isle of Wight. Incorporated in 1861, it runs vehicle Ro-Pax ferries and Red Jet Hi-Speed passenger catamarans between Southampton and East and West Cowes, carrying passengers, vehicles and freight, and provides in-house catering and retail on board. The wider Red Funnel Group also offers ferry-inclusive holidays and accommodation packages through Red Funnel Holidays. Since 2025 the Red Funnel Group has been wholly owned by Njord Partners. The registered entity remains listed under its historic name but trades publicly as Red Funnel, continuing a passenger and freight water transport service across the Solent that has operated for over 160 years.
Generated from the company's website and Companies House records. Sources: redfunnel.co.uk · redfunnel.co.uk