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Drilling is a specialist sector within the UK construction, mining, water, and geotechnical industries. Companies across the country rely on advanced rigs, drill strings, downhole tools, and support systems to deliver efficient, accurate, and safe results. From drilling water wells to extracting minerals and carrying out geotechnical surveys, high-performance equipment is critical to the success of every operation.
But the reality is that drilling equipment is expensive. Whether you need a hydraulic rotary rig, a cable percussion unit, or specialist downhole motors, the upfront costs can place serious pressure on working capital. Supporting tools such as mud pumps, grout mixers, and fluid transfer systems only add to the investment needed.
That’s where Gable Asset Finance can help.
We provide tailored finance and leasing solutions for UK drilling companies, helping you acquire essential equipment without compromising your cash flow. Our team understands the challenges of the drilling industry and works closely with you to find the right financial package — from rigs and drill bits to support systems and vehicles.
Drilling is a capital-intensive sector. Technology is evolving, projects are often large-scale, and margins depend on efficiency. Financing equipment instead of paying upfront provides several clear advantages:
At Gable Asset Finance, we’ve built a strong track record of supporting UK industries that rely on heavy, specialist equipment. We know drilling companies face unique challenges:
Our role is simple: we help you acquire the equipment you need, when you need it, without jeopardising your financial stability. By comparing finance options across the market, we secure solutions that are tailored to your business, not just generic products from high street banks.
Drilling rigs are at the heart of every operation. Gable Asset Finance provides finance solutions for a wide range of rigs, including:
Rotary rigs are among the most versatile tools in the industry, used for water wells, mineral exploration, and geotechnical drilling. Options include:
Commonly used in water well, mineral, and geotechnical applications, cable percussion rigs operate by repeatedly dropping a heavy tool into the ground. This tried-and-tested technology remains vital for many UK contractors.
Sonic drilling rigs use high-frequency vibrations to advance through soil and rock. They are widely used for:
For specific applications such as horizontal drilling or specialist foundation work, we provide finance for tailored equipment solutions.
Beyond the rig itself, drilling relies on a range of components that transmit power and ensure precision. We arrange finance for:
These tools wear over time and need regular replacement, making finance an effective way to manage costs.
Drilling operations require more than just rigs and pipes. Support equipment is critical for safe and efficient performance. Gable Asset Finance can arrange finance for:
Financing equipment rather than paying upfront offers significant benefits:
The process with Gable Asset Finance is simple and transparent:
We provide a range of finance structures to suit drilling companies of all sizes:
Scenario 1: Expanding Capacity
A geotechnical company wins new contracts requiring sonic rigs. Instead of paying £200,000 upfront, Gable arranges a hire purchase agreement, spreading costs over five years while enabling immediate deployment.
Scenario 2: Supporting Equipment
A water well drilling contractor needs mud pumps and fluid transfer systems. Gable structures a finance lease that bundles these items together, providing affordable monthly repayments.
Scenario 3: Releasing Capital
A mineral exploration company owns multiple rigs outright. Gable arranges refinancing, unlocking cash tied up in these assets for investment in new drill strings and downhole motors.
Q: Can I finance both new and used drilling equipment?
Yes, we offer finance for both new and second-hand rigs, tools, and support systems — including auction purchases.
Q: What types of rigs can be financed?
We cover rotary rigs, cable percussion rigs, sonic rigs, and specialist rigs such as horizontal drilling units.
Q: Do you finance downhole equipment and drill strings?
Yes, we provide finance for drill pipes, collars, stabilisers, motors, and drill bits.
Q: What about support equipment?
We arrange finance for mud pumps, fluid transfer systems, grout mixers, wireline equipment, and more.
Q: Can I bundle equipment and vehicles into one agreement?
Yes, we can package rigs, tools, and vehicles together under a single finance solution.
Q: How quickly can finance be arranged?
Once details are agreed, approval can often be secured within days.
Q: Do I need a deposit?
Some agreements require a deposit, while others can offer up to 100% finance.
Q: What if I am a new or small drilling company?
We work with businesses of all sizes, including start-ups, tailoring solutions to your situation.
Q: What are the tax benefits?
Many finance structures allow repayments to be offset or capital allowances to be claimed — we recommend consulting your accountant.
Q: Can I refinance existing equipment?
Yes, refinancing is a common way to unlock working capital while continuing to use rigs and tools.
Drilling equipment is central to the success of UK companies in water, mineral exploration, and geotechnical sectors. From rigs and drill strings to mud pumps and wireline tools, these assets represent a major investment.
With Gable Asset Finance, you don’t need to delay projects or compromise on technology. We provide tailored finance solutions that spread the cost, protect cash flow, and give you access to the rigs and support systems you need to succeed.
Whether you’re investing in a new rotary rig, upgrading downhole motors, or bundling support equipment with vehicles, our team will compare the market, guide you through the process, and secure the right finance solution for your business.
As an established national business finance and leasing specialist, Gable Asset Finance are the drilling equipment funding partner of choice for drilling operations large and small. We are able to offer business finance and leasing solutions consumables, tools and equipment for all drilling operations.
We can arrange finance for new and used drilling equipment for the following sectors and many more:
We can arrange business finance and leasing on products are as following: rig, crown block, traveling block, hocks, drawworks, disc-brakes, rotary table, all kinds of handling tools for tubular, casing, rotary tongs, solid control equipments, mud systems, high pressure hoses, mud pump parts, well control equipments, fishing tools, drill collars, HWDP, drill pipe, stabilizers, bore bit, all kinds of pipeline, casing, tubing, cranes, generators power system and instrumentations.
We can arrange a variety of financial products and equipment for the drilling industry such as:
We aim to arrange and source business finance and leasing solutions for businesses of all sizes to purchase best and reliable equipments for the drilling industry. We can fund new and used all kinds of equipments required for the drilling industry.