76% Micro
16% Small
4% Mid
3% Large
2% Mega
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
3,255
Annual Sales
£38bn +
Employees
132,054
Economic Contribution
£17bn
Tags
76% Micro
16% Small
4% Mid
3% Large
2% Mega
34% Established
34% Young
17% Startup
15% Mature
0% New
53% Declining
15% Healthy
13% Rapid
10% High
8% Low
Mining Support Industry Competitive Environment - New Entrants vs Leavers
Mining Support Industry Valuation
EBITDA Multiple
Mining Support Industry Valuation
Turnover Multiple
Mining Support Industry Valuation
Net Asset Multiple
There are 3,255 active Businesses in the UK with combined annual sales of £38 billion .
The Industry employs around 132,053 people and contributes £17 billion to the economy.
The most popular location for Mining Support companies is Scotland with 1,161 and the fewest are located in Northern Ireland with 31.
The largest Mining Support company is Bp Gas Marketing Limited with a turnover of £16.1bn. 76% of the industry is comprised of Micro companies with only 4% Mid companies.
15% of the Mining Support Industry is made up of 15% Mature but the majority are Established businesses (34%) the oldest company is Stena Drilling Limited founded in 1899.
Mining Support industry has a number of high growth companies (10%), the fastest growing company is Javelin Global Commodities (Uk) Ltd with a 3 year growth rate of 368%. Other fast growing companies include Centrica Lng Uk Limited (145%), Ensco Uk Drilling Limited (119%) and United Mining Services Limited (101%).
The UK Mining Support Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 8.70x, Turnover multiple of 2.00x and a Net Asset multiple of 2.14x.