Company Research Report: Farewill Ltd

Company Overview

Name: Farewill Ltd

Mission: Changing the way the world deals with death by making processes around death simpler and more affordable, helping people protect their loved ones and say goodbye their way.

Founded: 2016

Founders: No specific information on founders was provided.

Key People:

Dan Garrett: CEO

Tracy Doree: Chair

Tim Levene: Non-Executive Director and investor

Stan Laurent: Non-Executive Director and investor

Amy Chichester: VP, Finance

Matt Morgan: Head of Funeral

Doug Strachan: Director

Headquarters: 1st Floor, 27 Downham Road, London N1 5AA

Number of Employees: Spread across the UK, exact number not provided.

Revenue: No information available.

What is the company known for:

Award-winning services in the areas of will writing, probate and funerals.

Simplifying and modernizing the traditional death industry.

Products

Wills

Description: Online will writing service launched in 2016.

Key Features:

Simplifies the process of writing a will.

Online tools with innovative customer service.

Recognized as the National Will Writing Firm of the Year from 2019 to 2022.

Probate

Description: Award-winning probate service launched in 2019.

Key Features:

Provides a fixed-fee quote.

Personalized service with specialist legal partner.

Supports the grant of probate application and estate administration process.

Funerals

Description: Direct cremation service introduced in 2020.

Key Features:

Cost-effective and less formal option.

Recipient of Best Direct Cremation Provider 2022.

Introduced a funeral plan in 2024 for advance payments.

Charity Services

Description: Helps customers leave legacies in their wills.

Key Features:

Raised over £1.03 billion for various charity partners.

Offers in-house technology and custom analytics for maximizing legacy income.

Recent Developments

New Products and Features

Direct Cremation Service launched in 2020, providing a flexible and affordable funeral option.

Funeral Plan initiated in 2024, allowing pre-payment for direct cremations.

Awards and Recognition

National Will Writing Firm of the Year (2019, 2020, 2021, 2022).

Probate Provider of the Year (2020, 2021).

Low-cost Funeral Provider of the Year (2021, 2022).

Best Direct Cremation Provider (2022).

Partnerships

Collaboration with multiple charities, raising over £1.03 billion in legacy pledges.

Funding

Raised £20 million from Highland Europe to broaden its offerings in the funeral industry.

Customer Engagement

Rated Excellent on Trustpilot with a 4.9/5 score from over 17,000 reviews.

Media Coverage

Featured in prominent publications like The Times, Daily Mail, City AM, and TechCrunch highlighting their innovative approach in the death industry.

Conclusion

Farewill Ltd has embedded itself as a crucial player in the UK death services industry through its innovative online platform and compassionate approach. With significant impact in will writing, probate, and funerals, and recognized partnerships and awards, Farewill continues to revolutionize traditional death industry practices.