social impact report & annual statement

Funeral service receives helping hand from BEF

Heavenly Services continues to deliver their innovative and industry disrupting service thanks to a £100,000 investment.

Heavenly Services, an independent funeral and mortuary service headquartered in Hull has continued to support the local community following a £100,000 investment from BEF.

The business began trading in 2017 and was set up to provide low-cost funeral services that everyone could afford. Funeral poverty is a national concern as many families struggle to put food on the table. Heavenly Services innovative, industry disrupting approach helps to reduce the average cost of a funeral from over £4,000 to under £2,000. This is achieved by providing most of the services in-house including the facilitation of funeral services

Simon Woolston, founder and Peter Lancaster, director of Heavenly Services, commented: "Consumers are increasingly more sophisticated and price sensitive. This is driving a change within the industry as families look for affordable options."

Heavenly Services has offices across Hull, Bridlington, and Scunthorpe, all of which are in economically challenged areas. Keen to build on the success of their innovative approach the business had plans to open offices in Bradford and Leeds.

Faced with business disruption due to the lockdown, Heavenly Services approached high street banks to secure funding to support the business through this unprecedented time. Unable to secure support from high street banks, they approached Mark Iley at BEF who delivered a £100,000 loan.

The loan enabled Heavenly Services to open their Bradford office which helped create four new jobs with the possibility of creating more once the premises is fully up and running.

Peter Lancaster commented: "Sunday Times columnist, Luke Johnson states that entrepreneurs do not get the backing from banks that they need. I couldn’t agree more. We are indebted to Mark Iley of BEF who was able to see and understand the potential and complexities of producing a successful business model. We thank Mark and all the staff at BEF for their support."

Mark Iley, Investment Manager at BEF said: "It was a pleasure to help this Business in their expansion into Bradford. Together with our funding and the ambitious growth plans of the team at Funeral Support Service Hull, this business will go from strength to strength."

Related Posts

Enjoyed this post? Keep reading with more posts from our Client Stories category.