People’s undertaker doing fine

Charles Cowling

Nail coffin

Wholly non-relevant photo

 

The Co-operative Group reports that, for the 53 weeks ended 5 January 2013, funerals revenue was up 6.4% to £348m, with operating profit up to £60m from £55m. 

 

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whistle blowerCharles CowlingIan QuanceJedSimon Smith Recent comment authors

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whistle blower
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whistle blower

Made a profit. Even after paying of. There staff for there own cock ups the companies a joke. Enough to make any turn in there graves

Ian Quance
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Ian Quance

Quality of service is all that matters.

Agree with you Charles re the Rochdale people; are the various Co-op companies still co-operatives? My grandmother’s funeral in 1967 was prepaid using the divi – she bought everything from the Co-op. I suspect things have changed.

Jed
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Jed

Thanks Simon… Excellent concise evidence…. The Co-Op will look after us.

Simon Smith
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Of course it depends on the definition of operataing margin. I looked up average margins for different industries (US based information and for Funeral Services the average of 6 (presumably large) companies for earnings before depreciation, interest and tax (EBITDA) was 18.90% or just EBIT (common definition of operating profit 14.37%. Coop managed 17.2%. I would think that if you can keep up with US funeral margins in the UK you are definitely doing a good job of lightening the bank accounts of the bereaved. But they must be gutted really because Dignity made an operating profit in 2012 of… Read more »

David Holmes
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Bravo! I am sure they are all very pleased with themselves. The tight fiscal control, credit checking of less well off clients, higher prices, staff targets and operational efficiencies are all paying dividends.

andrew plume
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andrew plume

yes well

imo, a monumental profit, no doubt George, David, Sam & Co are all delighted and well they should be, particularly after all that was “aired” (sic) last year

………..or is it just a case that their way, way too costly funerals must surely deliver that sort of profit?

andrew