76% Micro
16% Small
4% Mid
3% Large
1% 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
3,243
Annual Sales
£35bn +
Employees
114,002
Economic Contribution
£16bn
Tags
76% Micro
16% Small
4% Mid
3% Large
1% Mega
33% Established
33% Young
19% Startup
14% Mature
2% New
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
Mining Support Industry Valuation
Turnover Multiple
Mining Support Industry Valuation
Net Asset Multiple
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.