U.K. Undervalued Small Caps

Gamma Communications

Market Cap: UK£1.0b

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

Serabi Gold

Market Cap: UK£142.4m

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

Vp

Market Cap: UK£225.6m

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

LSL Property Services

Market Cap: UK£306.7m

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.

Breedon Group

Market Cap: UK£1.3b

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

MONY Group

Market Cap: UK£1.1b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Johnson Service Group

Market Cap: UK£555.0m

Provides textile rental and related services in the United Kingdom and Ireland.

Ashtead Technology Holdings

Market Cap: UK£261.6m

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

Elixirr International

Market Cap: UK£336.2m

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

Morgan Advanced Materials

Market Cap: UK£639.0m

Manufactures and sells various carbon and ceramic products.

Gooch & Housego

Market Cap: UK£163.8m

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.

Eurocell

Market Cap: UK£154.7m

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.

Bytes Technology Group

Market Cap: UK£825.9m

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

Warpaint London

Market Cap: UK£311.8m

Produces and sells cosmetics.

Conduit Holdings

Market Cap: UK£607.2m

Through its subsidiary, provides reinsurance products and services worldwide.

Kitwave Group

Market Cap: UK£214.4m

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

Integrated Diagnostics Holdings

Market Cap: US$209.3m

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

CAB Payments Holdings

Market Cap: UK£123.6m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, supranationals, and governments in the United Kingdom and internationally.

Wilmington

Market Cap: UK£286.6m

Provides data, information, training, and education solutions to professional markets in the United Kingdom, the United States, rest of Europe, and internationally.

Knights Group Holdings

Market Cap: UK£149.1m

Provides legal and professional services in the United Kingdom.

Hollywood Bowl Group

Market Cap: UK£415.7m

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

Aptitude Software Group

Market Cap: UK£164.9m

Provides financial management software in the United Kingdom and internationally.

FRP Advisory Group

Market Cap: UK£320.1m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders.

Senior

Market Cap: UK£826.3m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

M&C Saatchi

Market Cap: UK£217.0m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and the Americas.

Multitude

Market Cap: €154.7m

Provides digital lending and online banking services in Finland.

Hochschild Mining

Market Cap: UK£1.4b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Renold

Market Cap: UK£159.8m

Engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

SDI Group

Market Cap: UK£92.0m

Through its subsidiaries, designs and manufactures scientific and technology products based on digital imaging and sensing and control applications worldwide.

Trainline

Market Cap: UK£1.1b

Engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets worldwide.

Foresight Group Holdings

Market Cap: UK£516.7m

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

Atalaya Mining Copper

Market Cap: UK£679.9m

Engages in the mineral exploration and development in Spain.

Gaming Realms

Market Cap: UK£160.3m

Develops, publishes, and licenses mobile gaming content in the United Kingdom, the United States, Isle of Man, Malta, Gibraltar, and internationally.

Alfa Financial Software Holdings

Market Cap: UK£646.3m

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.

Begbies Traynor Group

Market Cap: UK£194.5m

Provides professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom.

Michelmersh Brick Holdings

Market Cap: UK£103.6m

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