Red Funnel

Red Funnel

Red Jet 5 leaving Town Quay
Trade name	Red Funnel
Industry	Transport
Founded	1861
Headquarters	Southampton, Hampshire, England
Area served	Isle of Wight Southampton
Key people	Stephen Ridgway (Chairman) Fran Collins (CEO)
Revenue	£45.4 million (2014)[1]
Operating income	£14.3 million (2014)[1]
Net income	£9.7 million (2014)[1]
Total assets	£44.6 million (2014)[1]
Total equity	£39.4 million (2014)[1]
Owner	West Midlands Pension Fund Workplace Safety & Insurance Board
Number of employees	426 (2020)[2]
Parent	Falcon Acquisitions Limited, Red Funnel Limited
Website	redfunnel.co.uk

Red Funnel, the trading name of the Southampton Isle of Wight and South of England Royal Mail Steam Packet Company Limited,^[3] 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 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.