BusinessBusiness RecoverySpeedFerries enters administration

SpeedFerries enters administration

Cross-channel operator enters administration

A cross-channel operator has entered into administration.

SpeedFerries,
which employs 150 staff, appointed joint administrators from
Ernst
& Young
.

Angela Swarbrick and Tom Burton will attempt to sell the business as a going
concern.

‘SpeedFerries Limited operates in a highly competitive industry and has been
affected by a general downturn in the industry related to a reduction in
customer travel over recent months and rising fuel costs,’ said Swarbrick.

The company runs ferries between Dover and Boulogne.

Several crossings have been cancelled. It is too early to say what will
happen to customers with pre-booked tickets, said an Ernst & Young
spokeswoman.

A customer services enquiry line is offered at: 0871 222 7456.

Further reading:

Visit
SpeedFerries’ website

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