INSIGHTS - APRIL 2024

UK Coal Mining Industry

UK Coal Mining Industry Information

The coal mining industry involves extracting solid mineral fuels such as coal or lignite from underground or surface pits.

Active Businesses

60

Annual Sales

£636m +

Employees

1,222

Economic Contribution 

£397m

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Location of Coal Mining Companies

Coal Mining Companies by Size

49% Micro

35% Small

9% Large

5% Mid

2% Mega

Coal Mining Companies by Age

50% Mature

28% Established

17% Young

5% Startup

Fastest Growing Coal Mining Companies

50% Declining

21% Healthy

13% Rapid

11% High

5% Low

Coal Mining Industry Competitive Environment - New Entrants vs Leavers

Coal Mining Industry Valuation

EBITDA Multiple

Coal Mining Industry Valuation

Turnover Multiple

Coal Mining Industry Valuation

Net Asset Multiple

Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Mining of coal and lignite Industry Insights

There are 60 active Businesses in the UK with combined annual sales of £636 million .

The Industry employs around 1,222 people and contributes £397 million to the economy.

The most popular location for Coal Mining companies is Wales with 15 and the fewest are located in Northern Ireland with 1.

The largest Coal Mining company is Fitzroy Qld Resources Limited with a turnover of £540.8m. 49% of the industry is comprised of Micro companies with only 9% Large companies.

17% of the Coal Mining Industry is made up of 17% Young but the majority are Mature businesses (50%) the oldest company is Johnsons (Chopwell) Limited founded in 1941.

Coal Mining industry has a number of high growth companies (11%), the fastest growing company is Fitzroy Qld Resources Limited with a 3 year growth rate of 23%. Other fast growing companies include Manuli Hydraulics Uk Limited (17%), Walters Resources Limited (12%) and Hall Construction Services Limited (10%).

The UK Coal Mining Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 3.72x, Turnover multiple of 0.87x and a Net Asset multiple of 1.25x.