Isle of Wight ferry company Red Funnel is remaining tight-lipped over its future as the date for required new investment looms at the end of this month (September).
The ferry firm requires new investment by Tuesday, September 30, to ensure financial backing from lenders for at least the next 18 months.
When asked to establish the facts surrounding their financial position and an update on investment, Red Funnel declined to clarify its circumstances.
A spokesperson for the ferry operator said: "Whilst we are not able to provide details, the investment process continues, and is fully focused on ensuring that the company is properly funded to operate sustainably and responsibly for the future."
Red Funnel's accounts made up to December 28, 2024, are due on September 28.
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