U.K. Undervalued Small Caps

Gamma Communications

Market Cap: UK£837.8m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Afentra

Market Cap: UK£86.4m

Operates as an upstream oil and gas company primarily in Africa.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Serabi Gold

Market Cap: UK£208.3m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Rank Group

Market Cap: UK£493.1m

Engages in provision of gaming services in the United Kingdom, Europe, and internationally.

Tracsis

Market Cap: UK£84.8m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Begbies Traynor Group

Market Cap: UK£179.4m

Provides business recovery, financial advisory, and property services consultancy services in the United Kingdom.

On the Beach Group

Market Cap: UK£333.3m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Yü Group

Market Cap: UK£248.6m

Through its subsidiaries, supplies energy and utility solutions primarily in the United Kingdom.

Michelmersh Brick Holdings

Market Cap: UK£76.3m

Together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe.

Ashtead Technology Holdings

Market Cap: UK£255.6m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Norcros

Market Cap: UK£273.6m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Bytes Technology Group

Market Cap: UK£827.6m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Kitwave Group

Market Cap: UK£174.2m

Engages in the food and drink wholesale business in the United Kingdom.

Cairn Homes

Market Cap: UK£1.1b

Operates as homebuilder in Ireland.

AltynGold

Market Cap: UK£337.6m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Integrated Diagnostics Holdings

Market Cap: US$392.4m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

LSL Property Services

Market Cap: UK£263.1m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

Central Asia Metals

Market Cap: UK£305.3m

Operates as a base metals producer.

ASA International Group

Market Cap: UK£200.0m

Operates as a microfinance institution in Asia and Africa.

Foresight Group Holdings

Market Cap: UK£474.9m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

Sylvania Platinum

Market Cap: UK£257.5m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Multitude

Market Cap: €127.2m

Provides digital lending and online banking services in Finland.

Eurocell

Market Cap: UK£127.4m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Greencore Group

Market Cap: UK£1.1b

Manufactures and sells convenience food products in the United Kingdom and Ireland.

Forterra

Market Cap: UK£380.6m

Engages in the manufacturing and sale of building products made from clay and concrete in the United Kingdom.

S&U

Market Cap: UK£238.2m

Provides motor, property bridging, and specialist finance services in the United Kingdom.

Hollywood Bowl Group

Market Cap: UK£458.0m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Nichols

Market Cap: UK£353.3m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Marshalls

Market Cap: UK£456.6m

Manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally.

Cerillion

Market Cap: UK£358.4m

Provides software for billing, charging, and customer relationship management (CRM) to the telecommunications sector in the United Kingdom, Europe, the Middle East, the Americas, and the Asia Pacific.

Brickability Group

Market Cap: UK£168.9m

Distributes specialist products and services to the construction industry in the United Kingdom.It operates through four segments: Bricks and Building Materials; Importing; Distribution; and Contracting.

Elixirr International

Market Cap: UK£385.4m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.