UK funeral firm on the market
Sovereign Capital, the private equity owner of the firm, has reportedly received serious interest from private equity companies since last year’s strategic review carried out by BDO. Those interested are thought to include LDC, ECI and LGV as well as the quoted funeral director, Dignity. Several entrepreneurs have also stepped forward to register an interest in a possible acquisition.
In the year to 30 June, 2010, the company recorded profits of £2.1m on revenues of £11.6m. Turnover was up about ten per cent over the previous year, partly attributable to its acquisition of several independent funeral directors. Its appetite for growth through acquisition remains undiminished - only last month the company bought the 200 year-old Staffordshire-based F M & J Wait & Co Limited.
L.M.Funerals has more than doubled its sites to 69 since Sovereign’s acquisition of the business in 2003. Apparently the company still has a strong deal flow in the pipeline and a new owner could do well to keep the incumbent CEO, Deborah Kemp (formerly MD of Punch Taverns and more recently COO of Devere Hotels & Resorts) in situ.
Latest Businesses for Sale
Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...
This leading highly profitable, UK based manufacturer of exploration, drilling and sampling equipment, supplies to the world minerals/earth sampling markets, the highest quality of earth drilling, boring, core sampling and in-situ ground testing equipment. The company has an enviable reputation for ..
Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...
View More Businesses for Sale >>
Businesses for Sale
Do you want to gain access to the latest businesses for sale as well as all UK administrations, liquidations and all winding-up petitions?
Business Sale Report is your complete solution to finding great aquisition opportunities.
10 Biggest Buyer Mistakes
Fill in your details below to get our FREE guide