Advertisement

Advertisement

Advertisement
Business

Dignity reports pre-tax losses of £19.6m

The funeral provider posted a loss before tax of £19.6m in the 12 months to 25 December

Dignity has reported a pre-tax loss of £19.6m for the full-year ended 25 December, despite revenue increasing over the period due to the pandemic.

This marked a fall from its profit of £44.1m in 2019, although reported deaths in the UK increased year-on-year by 14% over the period.

Revenue rose by 4% in 2020 to £314.1m, with higher personal protective equipment costs and government limits on how many people are allowed to attend funerals contributing to a weaker performance, according to Dignity.

Clive Whiley, chairman of Dignity, said: “During 2020, we have continued to be focused and resilient in the light of many changes, however the business has remained robust.

Advertisement

“Whilst Covid-19 featured heavily in our day-to-day activities into the first quarter of 2021, we did not lose sight of the numerous project work-streams initiated in the last year, aimed at affording the Board the time and collateral necessary to allow the business to self-heal, without recourse to dilutive funding initiatives.”

He added: “In a unique and challenging year, it is the dedication of our staff that has enabled continued delivery of our services, supported by a refreshed strategy and management team.

“Our people are fundamental to both the Group’s success and sustainability and I would like to thank them for their significant contribution, resilience and commitment to service during what has been an exceptional time for society, bereaved families, our people and our business.”

Back to top button