Acquisitions lift Dignity’s spirits

Dignity chief executive Mike McCollum

Acquisitions lift Dignity’s spirits

Leading funeral services company Dignity saw pre-tax profits rise 9% during the first half of the year to £45.3m.

The Sutton Coldfield-headquartered firm also saw revenue rise during the six months ended 30 June, rising 7% to £169.8m.

The results were bolstered by the successful acquisition of 14 additional funeral locations and seven new satellite locations. Initial estimated deaths in Britain for the first half of 2017 also rose by 2% to 308,000.

Dignity chief executive Mike McCollum said: "The year has started well for the group, with good operational performance, continued excellent customer survey results and further acquisitions of established funeral businesses. The group's expectations for the full year remain unchanged.

“As a board, we remain alert to the strategic challenges facing the group in a changing and increasingly competitive environment. 

“This is reflected in the ongoing development of our digital strategy and the leadership we have demonstrated in calling for proper regulation of pre-arranged funeral plans.

“We will continue to review the scope of our service offering in the light of changing consumer demands and build on our strong market-leading position."