77% Micro
14% Small
4% Mid
3% Large
1% Mega
INSIGHTS - FEBRUARY 2025
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
3,180
Annual Sales
£34bn +
Employees
108,390
Economic Contribution
£16bn
Tags
Location of Mining Support Companies
Mining Support Companies by Size
Largest Mining Support Companies
Turnover
Bp Gas Marketing Limited
£13.8bn
Technipfmc Plc
£6.3bn
Bp (Abu Dhabi) Limited
£4.6bn
Mining Support Companies by Age
35% Established
32% Young
17% Startup
16% Mature
0% New
Oldest Mining Support Companies
Established
Fastest Growing Mining Support Companies
48% Declining
16% Healthy
14% Rapid
12% High
10% Low
Fastest Growing Mining Support Companies
3yr CAGR
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
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 3,180 active Businesses in the UK with combined annual sales of £34 billion .
The Industry employs around 108,390 people and contributes £16 billion to the economy.
The most popular location for Mining Support companies is Scotland with 1,096 and the fewest are located in Northern Ireland with 30.
The largest Mining Support company is Bp Gas Marketing Limited with a turnover of £13.8bn. 77% of the industry is comprised of Micro companies with only 4% Mid companies.
16% of the Mining Support Industry is made up of 16% Mature but the majority are Established businesses (35%) the oldest company is Stena Drilling Limited founded in 1899.
Mining Support industry has a number of high growth companies (12%), 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 Large Diameter Drilling Limited (162%).
The UK Mining Support Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 6.17x, Turnover multiple of 1.80x and a Net Asset multiple of 1.54x.
