Your battery could be shot mate. This is from the Optimate 3 SP instruction manual
6) RED LED : the red WARNING LED means that after being charged the battery's voltage is not being sustained or that despite recovery attempts the battery was irrecoverable. This may be due to a defect in the battery itself, such as a short- circuited cell or total sulphation, or, if the battery was still connected to the vehicle’s wiring system, the red LED may be signalling a loss of current through deteriorating wiring or a degraded switch or contact, or in-circuit current-consuming accessories. A sudden load such as the headlights being switched on while the charger is connected, can also cause the battery voltage to dip below 12,3V. Always remove the battery from the vehicle, reconnect the OptiMate and allow it to pro- ceed through its programme once more. If the green LED then indicates, the cause is to be traced on the vehicle. If the red LED indicates, it is the battery which is suspect and should be taken to a professional workshop for load testing on a BatteryMate diagnostic load-tester/charger. It is important to note that even if the red LED does indicate, the battery will continue to receive float charge support at 13,6V until disconnected, so as to protect it from deterioration as far as feasible.