• Loads of people digging up info on that company ATM.

    The directors used to be involved in shipping, so far so good. But...they have no ferries ATM. And whatever happens the company gets 1.7 million.

    Hmmm....

  • So I read a post on reddit from someone who sounded like they know their stuff, though of course that is no guarantee: basically it said that mostly for liability reasons, it is normal for such companies not to actually own any ferries. Apparently they tend to make new companies for most new ventures, and their success is mostly dependent on whether they have the amount of money needed for it, and whether the people leading the company have previous experience. Ferries are then chartered as needed, from another company that actually does own some, and that specialises in actually running ferries.

    Again no guarantees that is all strictly true, but it did sound very plausible and it would go some way to explain why they don't own any ferries. If you look into train franchises, some companies also don't own everything you'd need to run a train service - e.g. the actual infrastructure.

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