Funeral directors Dignity announce 14% increase in revenue on back of 7% growth in death rates.
The UK’s only publicly listed funeral services provider Dignity posted “tremendous” results in filing it’s end of year accounts according to Chief Exec Mike McCollum.
The funeral services provider has announced a 14% increase in annual revenue for 2015, and a 15% increase in operating profit which they partly put down to a seven percent increase in deaths which they say is “a rate of change not seen for over 60 years.”
Dignity have also seen pre-arranged funeral sales up, with 374,000 sold in 2015 compared with 348,000 in 2014. They also claim 99% of families say their expectations were met or exceeded by the service.
In June 2015 the group bought 36 locations from Laurel Funerals as part of a £50 million expansion, which also saw a further 12 locations added on top of the Laurel purchase.
The group were also granted planning permission on two new crematoria due to open in two years time.
Mike McCollum, Chief Executive of Dignity plc said: “Our staff have performed tremendously in a year when we had to look after a lot more families than originally anticipated. Our standards remained high, as reflected in the outstanding responses from our client surveys.
“Our financial performance was very strong as a result, helped by our continued focus on maintaining good cost controls alongside excellent client service and investment in the business.”