CONDOR Ferries contended with a loss of around £1.5 million for the 2022-2023 financial year, the company’s latest accounts have revealed.
The accounts, which were recently filed with Companies House, show a loss of £1,457,623 for the period ending 25 March last year.
This was despite a larger turnover (£7,593,581) compared to 2022 (£6,292,007), with the accounts showing administrative expenses rising from £3,298,886 to £6,056,948.
In December, Condor said it was working to overcome a “temporary but challenging time” but dismissed rumours that it was entering administration.
A few months later, it emerged that then-chief executive John Napton was stepping down “with immediate effect”.
He has been replaced on an interim basis by Christophe Mathieu, the chief executive of Brittany Ferries – which is part of the consortium which owns Condor.
The publication of the accounts comes as Condor prepares to go head-to-head with Danish shipping firm DFDS to win the tender for Jersey’s freight and passenger ferry services.
DFDS last week held an open meeting in Jersey for local business representatives and other interested parties, with vice-president Filip Werne Hermann stating that his firm has a “huge fleet” that could benefit the Channel Islands.
However, Mr Mathieu recently said that Condor is “determined to answer and win the tender”, adding that Brittany Ferries wants “to get far more involved in the business of the Channel Islands”.
