FIH Group has finalised a contract with TC Gosport Bidco for the sale of The Portsmouth Harbour Ferry Company for £11.62 million ($14.76 million). The purchasing company is an indirect subsidiary of TC UK Topco, which serves as the majority owner of Uber Boat by Thames Clippers.
The ferry company operates the Gosport Ferry service, which provides a pedestrian and cyclist link between Gosport and Portsea.
The Portsmouth Harbour Ferry Company and its subsidiaries produced a profit of £0.53 million for the year ended March 31, 2025. Records from September 30, 2025, indicate that the business held net assets of £2.79 million.
Stuart Munro, the Chief Executive of FIH Group, stated that the transaction delivers approximately £11.6 million in cash before transaction costs and taxes.
The sale price reflects a 53 per cent increase over the £7.59 million net book value of the investment as of September 30, 2025.
Munro stated that the new owner possesses "deep industry experience" and will take over the ferry operations. FIH Group expects to use the proceeds for a combination of re-investment into its remaining companies and a return to shareholders.
