Funeral Partners Limited
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Funeral Partners Limited - overview
Established
2007
Location
Woking, -, UK
Primary Industry
Consumer Services
About
Funeral Partners Limited is a UK-based company that specializes in providing funeral services, focusing on direct cremation and traditional funerals, ensuring compassionate care during challenging times. Founded in 2007 and headquartered in Woking, UK, Funeral Partners Limited offers funeral services, primarily focusing on direct cremation and traditional funerals. The company underwent a significant transition in May 2016 when Montagu Private Equity acquired a majority stake in Funeral Services Partnership, marking a pivotal moment in its business strategy. The firm has completed a total of 6 deals since inception, with its most recent deal occurring on May 10, 2016.
The current CEO is Sam Kershaw. Funeral Partners specializes in providing funeral services with an emphasis on direct cremation and traditional funerals. Its offerings include simple, dignified unattended cremations arranged through a network of local funeral homes throughout the UK, including London, Birmingham, Manchester, and Yorkshire. The company maintains a comprehensive directory for customers to find and compare funeral homes based on various criteria, ensuring high standards of care and transparency in pricing, which excludes third-party disbursement fees.
In the most recent fiscal year of 2023, Funeral Partners generated revenue of GBP 90,340,664. 80, with an EBITDA of GBP 22,997,701. 70. Revenue is generated through direct sales of funeral services, including core offerings priced at GBP 1,995 for direct cremation, as well as prepaid funeral plans that allow customers to secure services at current prices.
Funeral Partners aims to expand its service offerings and geographic reach, potentially targeting new markets within the UK and enhancing its digital presence. The funding raised during the latest GROWTH round, amounting to GBP 3. 75 mn, will support these initiatives, including potential new product launches aimed at improving customer access and satisfaction. The company is focused on developing innovative services and enhancing operational efficiencies to facilitate this growth.
Current Investors
Maven Capital Partners, Octopus Investments, Montagu Private Equity
Primary Industry
Consumer Services
Sub Industries
Funeral Services
Website
www.funeralpartners.co.uk/
Company Stage
Mature
Total Amount Raised
Subscriber access only
Funeral Partners Limited - timeline of key events
Funeral Partners Limited - financials
| Fiscal Year Ended | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,168,000 | 15,788,000 | 16,336,000 | 17,267,000 | 18,916,000 | 32,336,000 | 34,771,000 | 40,250,000 | 44,462,000 | 50,011,000 | 55,400,000 | - | - | - |
| % Revenue Growth (YoY) | - | 41.4% | 3.5% | 5.7% | 9.6% | 70.9% | 7.5% | 15.8% | 10.5% | 12.5% | 10.8% | - | - | - |
| EBITDA (USD) | 2,806,000 | 3,966,000 | 4,220,000 | 4,265,000 | 5,309,000 | 11,129,000 | 8,941,000 | 9,048,000 | 7,628,000 | 14,257,000 | 20,510,000 | - | - | - |
| Operating Income (USD) | 1,562,000 | 2,161,000 | 2,099,000 | 1,957,000 | 1,853,000 | 6,702,000 | 4,219,000 | 3,787,000 | 839,000 | 7,237,000 | 13,176,000 | - | - | - |
| Operating Margin | 14.0% | 13.7% | 12.8% | 11.3% | 9.8% | 20.7% | 12.1% | 9.4% | 1.9% | 14.5% | 23.8% | - | - | - |
| % EBITDA Margin | 25.1% | 25.1% | 25.8% | 24.7% | 28.1% | 34.4% | 25.7% | 22.5% | 17.2% | 28.5% | 37.0% | - | - | - |
| NET Income (USD) | 2,383,000 | 2,452,000 | 1,859,000 | 1,940,000 | 1,946,000 | 7,396,000 | 4,740,000 | 4,248,000 | 1,165,000 | 6,848,000 | 12,546,000 | - | - | - |
| % Net Margin | 21.3% | 15.5% | 11.4% | 11.2% | 10.3% | 22.9% | 13.6% | 10.6% | 2.6% | 13.7% | 22.6% | - | - | - |
Funeral Partners Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Box Bros. Ltd. Funeral Directors | - | ||||||||
| Add-on | Completed | Gibsons Funeral Services Limited | - | ||||||||
| Add-on | Completed | Sandy Close Funeral Services | - | ||||||||
| Secondary Buyout | Completed | Funeral Partners Limited | - | ||||||||
| Unspecified Exit | Completed | Funeral Partners Limited | - |
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Funeral Partners Limited - employee data
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