Horizon Ceremonies
Sector
Support Services
Deal Type
Growth Capital
Initial Investment
May 2017
Transaction size
£2.5m
Location
Ayrshire
Maven Office
Aberdeen
About Horizon Ceremonies
Horizon (formerly Horizon Cremation) develops and operates purpose built crematoria across the UK, able to provide greater local choice and meet the latest environmental regulations. Horizon is embarking on an ambitious growth strategy in a sector experiencing increased demand for crematoria provision and improved facilities which are suitable to meet the cultural requirements of all communities.
Families now expect improved facilities and service, given the high costs of funerals, and Horizon aims to create a portfolio of next generation crematoria. Pleasant facilities, which are environmentally and technologically advanced, will offer loved ones a more welcoming environment and improved levels of care. Construction is underway on its first facility, in North Ayrshire, which is expected to be operational in early 2018, and management have identified a number of additional sites across the UK.
We have chosen our funding partners very carefully and are delighted to be taking Horizon Cremation to the next level with Maven. They have shown themselves to be highly professional and, more than that, are people we will enjoy working with. This is an important capital injection for Horizon, and one that will allow us to deliver on our strategy of creating and operating the next generation of environmentally advanced community crematoria in key locations across the UK.
Jeremy Hamilton, Joint MD at Horizon
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