Dignity funeral society drops to annual loss despite 14% increase in UK deaths
Dignity funeral service providers today recorded an annual loss of £ 19.6million as a sharp rise in the number of annual deaths was offset by Covid funeral restrictions.
The company saw underlying profit drop 12% to £ 55.7million, while pre-tax profit fell by more than a quarter to £ 30.7million.
Dignity recorded an annual loss before tax of £ 19.6million compared to a profit of £ 44.1million in 2019.
Covid-19 directly contributed to a 14% increase in the total death toll in the UK during the period from December 25, 2020 to 663,000.
Despite the increase in the number of deaths, Dignity’s income has plummeted due to pandemic restrictions imposed by the government.
Clive Whiley, President of Dignity, said, “In 2020 we continued to be focused and resilient in light of many changes, but business remained robust.”