Dignity Group
Company type | Public |
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LSE: DTY | |
Industry | Funeral services |
Founded | 1994 |
Headquarters | Sutton Coldfield, Birmingham, UK |
Key people | Peter Hindley, Chairman Mike McCollum, CEO |
Revenue | ![]() |
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Website | www.dignityfunerals.co.uk |
Dignity plc (LSE: DTY) is one of the largest providers of funeral services and prepaid funeral plans in the United Kingdom. It is a British run company and is listed on the London Stock Exchange.
In the year ending 28 December 2018, turnover was £315.6m (£324m 2017) and profit before tax was £40.5m (£71.2m 2017). Net debt stood at £506.8m (£516.9m 2017) with a £25.2m (£24m 2017) pension deficit at 28 December 2018. The shareholder dividend payment was 15.74p a share (15.74p 2017).[1]
History
The business was created in 1994 through the merger of Plantsbrook Group and Great Southern Group,[2] both of which companies had been acquired by Service Corporation International Inc earlier that year.[3] In 2002 the merged business was the subject of a management buy-out from Service Corporation International Inc.[4] The merger brought together a number of funeral service businesses including the following:[2]
- George S Munn, Glasgow – 1812
- Francis Chappell & Sons, London – 1840
- J Rymer, York – 1848
- Ginns & Gutteridge, Leicestershire – 1855
- Lawrence Funeral Service, Halifax – 1857
- E Finch & Sons, Aldershot – 1857
- Beckenham Cemetery, Kent – 1876
- J H Kenyon, London – 1880
- Frederick W Paine, London – 1884
- Perry Barr Crematorium, Birmingham – 1903
- John Bardgett & Son, Newcastle upon Tyne – 1914
- Jonathan Harvey, Glasgow – 1928
- South London Crematorium – 1930
- Seaford & Newhaven Funeral Service, East Sussex – 1950
- Smiths, Funeral Directors, Blantyre, South Lanarkshire, Scotland.
- Joseph Potts, Funeral Directors, Carluke and Blantyre, South Lanarkshire, Scotland.
- Joseph Potts, Funeral Directors, Bellshill, North Lanarkshire, Scotland.
- Henry Dorricott Funeral Service, Larkhall, Lesmahagow & Lanark, South Lanarkshire, Scotland
The company was first listed on the London Stock Exchange in 2004.[2]
Operations
The company is based in Sutton Coldfield operates 44 crematoria across the country.[5] In the UK, Dignity PLC accounts for 12.3% of all funeral services and 9.8% of Crematoria. The funeral division is their biggest division that accounts for 70% of total sales.[6]
References
- ^ a b c d "Dignity plc Annual Report & Accounts 2018" (PDF). Dignity. Retrieved 7 October 2019.
- ^ a b c "Dignity Caring Funeral Services - About us - History". dignityfunerals.co.uk. Retrieved 28 March 2015.
- ^ Competition Commission Archived July 25, 2008, at the Wayback Machine
- ^ Management buy-out funeral giant BBC, 11 February 2002
- ^ "Dignity launches national direct cremation service". Funeral Service Times. 12 December 2016. Retrieved 18 April 2017.
- ^ "10 important things to understand about Dignity plc". Walbrock Research. Retrieved 20 May 2017.