INSIGHTS - OCTOBER 2024

UK Mining Support Industry

UK Mining Support Industry Information

The mining support services industry provides specialised support services for mining such as exploration services, taking core samples, geological observations, test-drilling, building well foundations and draining and pumping mines.

Active Businesses

3,243

Annual Sales

£35bn +

Employees

114,002

Economic Contribution 

£16bn

Tags

Location of Mining Support Companies

Mining Support Companies by Size

76% Micro

16% Small

4% Mid

3% Large

1% Mega

Largest Mining Support Companies
Turnover
Mining Support Companies by Age

33% Established

33% Young

19% Startup

14% Mature

2% New

Fastest Growing Mining Support Companies

50% Declining

15% Healthy

14% Rapid

11% High

9% Low

Mining Support Industry Competitive Environment - New Entrants vs Leavers

Mining Support Industry Valuation

EBITDA Multiple

Data only available to Pomanda Pro subscribers.

Mining Support Industry Valuation

Turnover Multiple

Data only available to Pomanda Pro subscribers.

Mining Support Industry Valuation

Net Asset Multiple

Data only available to Pomanda Pro subscribers.

Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Mining support service activities Industry Insights

There are 3,243 active Businesses in the UK with combined annual sales of £35 billion .

The Industry employs around 114,002 people and contributes £16 billion to the economy.

The most popular location for Mining Support companies is Scotland with 1,120 and the fewest are located in Northern Ireland with 29.

The largest Mining Support company is Bp Gas Marketing Limited with a turnover of £13.8bn. 76% of the industry is comprised of Micro companies with only 4% Mid companies.

14% of the Mining Support Industry is made up of 14% Mature but the majority are Established businesses (33%) the oldest company is Stena Drilling Limited founded in 1899.

Mining Support industry has a number of high growth companies (11%), the fastest growing company is Three60 Energy Wells Uk Limited with a 3 year growth rate of 194%. Other fast growing companies include Stena Drillmax Ice Limited (183%), Ensco Uk Drilling Limited (170%) and Javelin Global Commodities (Uk) Ltd (104%).

The UK Mining Support Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 6.18x, Turnover multiple of 1.39x and a Net Asset multiple of 1.73x.