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Cremation & memorial services

Reference
S12606
Turnover
£1m to £2m
Sector(s)
Health & care, Miscellaneous, Service industries
Region(s)
Scotland
Added
11 June 2025

Business description

Project Antares is a provider of cremation and memorial services provider, with its bespoke offering aided by an established local network of funeral directors and religious and secular organisations
The group is also notable for being a pioneering manufacturer of electric cremators, and has recently established an in-house funeral director service to become a comprehensive provider within its industry.
To complement its core offering, the business also offers expert guidance on repatriation and manages all aspects of the process.
Our clients are now offering the company for sale to facilitate further development under the impetus of new ownership.
Offers invited.

Highlights

  • Developed strong, long-standing relationships with funeral professionals in the region.
  • Established long-standing relationships with third-party suppliers.
  • Major player in the electric cremation industry, providing a competitive advantage.
  • Benefits from high employee retention rates.
  • Applying for an FCA licence to offer in-house pre-paid funerals.
  • Managing director is willing to remain on a consultancy basis.
  • Untapped potential through offering sustainable funeral options.
  • Operates from freehold premises, which includes an on-site chapel and memorial gardens, with potential for expansion to 7.2 acres.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 1,105 310
2022 (Actual) 998 659
2023 (Actual) 1,068 814
2024 (Actual) 1,018 615
  • Generated a turnover of £1m in YE24, with an adjusted EBITDA of £616k.
  • Consistent operating profit margin averaging 61% over the last three years.
  • Operates within a buoyant industry, which is anticipated to increase at a CAGR of 5.6% over the next five years.

Opportunities

Prospective purchasers

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