FALCON ACQUISITIONS LIMITED

1. FALCON ACQUISITIONS LIMITED 2007-05-31 → present
2. 3531ST SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2007-05-04 → 2007-05-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Njord Partners has confirmed that it will provide, or procure the provision of, such financial support as is necessary for a period of at least 12 months from the date of approval of these financial statements. This confirmation has been executed as a deed.”

Group structure

1. FALCON ACQUISITIONS LIMITED · parent
   1. Southampton Isle of Wight and South of England Royal Mail Steam Packet Company Limited 100% · UK
   2. Hythe and Southampton Ferry Company Limited 100% · UK
   3. Red Funnel Pension Trustees Limited 100% · UK
   4. Steam Coffee Company Limited 100% · UK
   5. Isle of Wight Holidays Limited 100% · UK

Significant events

• “On 29 September 2025, Red Funnel Limited agreed a comprehensive waiver of certain requirements under the loan arrangements.”
• “On 29 September 2025, an offer by a company controlled by Njord Partners was accepted to purchase the entire share capital of the Company's immediate holding company, Red Funnel Limited.”
• “On 28 November 2025, the SPA transaction completed following approval under the National Security and Investment Act 2021.”
• “Post year end the Group received funding, from a company controlled by Njord Partners, of £1.5m, which was outstanding at the date of the signing of these financial statements.”
• “On 28 November 2025 the Company's immediate holding company, Red Funnel Limited, was released from a loan obligation of approximately £218.9m owing to the previous owners, Red Funnel Holdings Limited.”
• “On 28 November 2025 Njord Partners procured that the holding company's external bank debt was reduced from £118.1m plus accumulated interest to a revised capital value of £52.6m. Njord Partners plan to reduce this debt by a further £15m in January 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  0%

  £6,000 → £6,000

• Net assets

  -11.3%

  -£115,151,000 → -£128,149,000

• Employees

  —

  Not reported

• Operating profit

  +100%

  -£30,306,000 → £0

• Profit before tax

  +69.4%

  -£42,523,000 → -£12,998,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers