U.K. Undervalued Small Caps

Gamma Communications

Market Cap: UK£921.6m

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

Tristel

Market Cap: UK£170.9m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Serabi Gold

Market Cap: UK£200.7m

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

Afentra

Market Cap: UK£95.7m

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

Rank Group

Market Cap: UK£588.6m

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

Breedon Group

Market Cap: UK£1.1b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Genuit Group

Market Cap: UK£888.6m

Develops and produces solutions for water, climate, and ventilation management in the construction industry in the United Kingdom, rest of Europe, and internationally.

On the Beach Group

Market Cap: UK£337.3m

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

Ashtead Technology Holdings

Market Cap: UK£267.3m

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

Yü Group

Market Cap: UK£274.5m

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

Bytes Technology Group

Market Cap: UK£863.1m

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

Eurocell

Market Cap: UK£122.4m

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.

Gooch & Housego

Market Cap: UK£146.3m

Engages in the manufacture and sale of acousto-optics, electro-optics, fiber optics, and precision optics and systems in the United Kingdom, North America, Europe, the Asia Pacific, and internationally.

AltynGold

Market Cap: UK£281.5m

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

Integrated Diagnostics Holdings

Market Cap: US$313.9m

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

LSL Property Services

Market Cap: UK£262.7m

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.

Vp

Market Cap: UK£221.2m

Provides equipment rental and related services in the United Kingdom and internationally.

ASA International Group

Market Cap: UK£194.0m

Operates as a microfinance institution in Asia and Africa.

Atalaya Mining Copper

Market Cap: UK£906.5m

Engages in the mineral exploration and development in Spain.

Sylvania Platinum

Market Cap: UK£230.5m

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

Mincon Group

Market Cap: UK£77.6m

Engages in designing, manufacturing, selling, and servicing of rock drilling tools and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa.

Hollywood Bowl Group

Market Cap: UK£460.5m

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

Michelmersh Brick Holdings

Market Cap: UK£77.7m

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

Multitude

Market Cap: €149.8m

Provides digital lending and online banking services in Finland.

FRP Advisory Group

Market Cap: UK£343.6m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Kitwave Group

Market Cap: UK£182.5m

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

Greencore Group

Market Cap: UK£1.1b

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

Fintel

Market Cap: UK£226.1m

Engages in the provision of intermediary services and distribution channels to the retail financial services sector in the United Kingdom.

Foresight Group Holdings

Market Cap: UK£516.1m

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

Forterra

Market Cap: UK£351.7m

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

Alfa Financial Software Holdings

Market Cap: UK£670.6m

Through its subsidiaries, provides software and related services to the auto and equipment finance industry in the United Kingdom, North America, Rest of Europe, the Middle East, Africa, and internationally.

Chemring Group

Market Cap: UK£1.5b

Provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.

S&U

Market Cap: UK£212.0m

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

Begbies Traynor Group

Market Cap: UK£175.1m

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

Marshalls

Market Cap: UK£413.6m

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

Pinewood Technologies Group

Market Cap: UK£382.0m

Operates as a cloud-based dealer management software provider in the United Kingdom, rest of Europe, Africa, Asia, the Middle East, and internationally.