A FERRY company has plunged into liquidation after 18 months of trying to save the business.
The service provides a vital link between Hythe and Southampton Quay.
The Hythe and Southampton Ferry Company will cease its operations in SouthamptonCredit: Alamy
The Hythe Ferry, operated by the Hythe and Southampton Ferry Company, has been inactive since August 2024, when damage was found on its boat’s pontoon and supporting structure.
The business has now gone into voluntary liquidation after it failed to secure necessary investment to survive.
A company spokesperson said: “This is a deeply disappointing outcome and not one that has been reached lightly.”
The service has been operational since 1874 and has passed through multiple ownerships.
The firm is currently owned by cross-Solent operator Red Funnel, which runs services to the .
It had previously been put up for sale in the hope of attracting a buyer.
Despite applying for funding and grants from investors, the company was not able to secure the necessary to stay afloat after 18 months of trying.
After taking legal advice, it was decided that Hythe and Southampton Ferry Company would go into voluntary liquidation.
Staff have also been caught up in the fallout, with all employees now informed of the closure.
The company says workers will be supported throughout the process as the shutdown unfolds.
Specialist firm Leonard Curtis has been brought in to handle the liquidation, guiding the through its final chapter.
Their role will include managing assets and supporting those affected.
Eze Chidiebere Paul
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