As the biggest operator in the industry, InvoCare enjoys considerable bargaining power when it comes to sourcing coffins, cars, flowers, and the other components that typically make up funeral services.
This has allowed the company to operate at a higher profit margin than its next biggest competitor, Propel Funeral Partners Ltd.
Propel is aiming to increase its market share through acquisitions, thus potentially presenting InvoCare with increased competition.
In November, Propel announced it had completed the acquisition of The Dills Group and MidWest Funerals, which will add around 800 funerals a year to its revenue stream
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