MPs are questioning whether P&O Ferries can stay afloat despite a written assurance from the company that it has enough money to keep trading.

Last month, Liam Byrne, chair of the Business and Trade Select Committee, wrote to P&O’s chief executive after the company missed a legal deadline to file its accounts and its auditor, KPMG, suddenly resigned.

P&O’s Ferries Holdings Limited 2023 accounts are now eight months overdue - the third year in a row it has filed late.

In a written response, published this morning, the boss of P&O, Peter Hebblethwaite, blamed the delay on “a period of transformation and restructuring” and said the accounts would be published “by early July 2025”.

He added: “P&O Ferries is a going concern, with the full backing of DP World” - the Dubai-based, global ports

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