U.K. Undiscovered Gems With Strong Fundamentals

Georgia Capital

Market Cap: UK£1.2b

A private equity and venture capital firm specializing in early stage, organic growth and acquisitions.

Goodwin

Market Cap: UK£956.7m

Provides mechanical and refractory engineering solutions in the United Kingdom, rest of Europe, the United States, the Pacific Basin, and internationally.

BioPharma Credit

Market Cap: US$1.1b

An investment trust, primarily invests in interest-bearing debt assets.

Distribution Finance Capital Holdings

Market Cap: UK£95.2m

An investment holding company, engages in personal savings and commercial lending banking business in the United Kingdom.

Foresight Environmental Infrastructure

Market Cap: UK£448.9m

John Laing Environmental Assets Group Limited is a fund of John Laing Capital Management Limited.

Nationwide Building Society

Market Cap: UK£1.2b

Provides retail banking products and services in the United Kingdom.

Andrews Sykes Group

Market Cap: UK£203.0m

An investment holding company, engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, Rest of Europe, the Middle East, Africa, and internationally.

Strategic Minerals

Market Cap: UK£140.1m

Engages in the exploration, development, and operation of mining projects.

FW Thorpe

Market Cap: UK£302.3m

Designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally.

Vectron Systems

Market Cap: €113.9m

Provides POS systems, POS software, and digital and cloud based services worldwide.

MS INTERNATIONAL

Market Cap: UK£215.1m

Engages in the design, manufacture, construction, and servicing various engineering products and structures in the United Kingdom, Europe, the United States of America, Asia, South America, and internationally.

Amicorp FS (UK)

Market Cap: US$123.7m

Provides fund administration, business process outsourcing, and governance and compliance services for investment funds, asset managers, and family offices in the United Kingdom.

Audioboom Group

Market Cap: UK£109.7m

A podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States.

Helios Underwriting

Market Cap: UK£148.2m

Provides a limited liability investment for its shareholders in the Lloyd’s insurance market in the United Kingdom.

Science Group

Market Cap: UK£233.4m

Operates as a science and technology consultancy and systems businesses in the United Kingdom, other European Countries, North America, and Asia.

AltynGold

Market Cap: UK£347.1m

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

B.P. Marsh & Partners

Market Cap: UK£239.4m

Invests in early-stage and SME financial services intermediary businesses in the United Kingdom and internationally.

Bioventix

Market Cap: UK£96.7m

Bioventix PLC creates, manufactures, and supplies sheep monoclonal antibodies (SMAs) for diagnostic applications worldwide.

City of London Investment Group

Market Cap: UK£201.1m

City of London Investment Group PLC is a publically owned investment manager.

TruFin

Market Cap: UK£126.2m

Provides niche lending, early payment services, and video game publishing in the United Kingdom.

Dar Global

Market Cap: US$1.4b

Engages in the development and sale of real estate projects in the United Kingdom and internationally.

Ramsdens Holdings

Market Cap: UK£126.2m

Engages in the provision of diversified financial services in the United Kingdom and internationally.

AEP Plantations

Market Cap: UK£714.0m

Owns, operates, and develops oil palm plantations in Indonesia and Malaysia.

Spectra Systems

Market Cap: UK£76.0m

Spectra Systems Corporation invents, develops, and sells integrated optical systems in the United States and internationally.

Tribal Group

Market Cap: UK£113.6m

Through its subsidiaries, provides software and services to education institutions worldwide.

Hargreaves Services

Market Cap: UK£263.1m

Provides environmental and industrial services in the United Kingdom, Europe, Hong Kong, and internationally.

Quartix Technologies

Market Cap: UK£117.4m

Engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and other European Territories.

Optima Health

Market Cap: UK£160.2m

Provides occupational health and wellbeing services for the public and private sectors in the United Kingdom.

Integrated Diagnostics Holdings

Market Cap: US$361.0m

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

Personal Group Holdings

Market Cap: UK£108.4m

Engages in the provision of employee services and salary sacrifice technology products in the United Kingdom.

Fonix

Market Cap: UK£171.1m

Provides mobile payments and messaging, and managed services for media, charity, gaming, e-mobility, and other digital service businesses in the United Kingdom and the rest of Europe.

Avingtrans

Market Cap: UK£180.7m

Provides engineered components, systems, and services to the energy, medical, and infrastructure industries worldwide.

Mincon Group

Market Cap: UK£123.2m

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.

Mercia Asset Management

Market Cap: UK£119.4m

A private equity and venture capital firm specializing in incubation, venture debt, loan, mezzanine, seed EIS, early stage, emerging growth, mid venture, late venture, later stage, buyout, and growth capital investments.

James Halstead

Market Cap: UK£576.3m

Manufactures and supplies flooring products for commercial and domestic uses in the United Kingdom, rest of Europe, Scandinavia, Australasia, Asia, and internationally.

Record

Market Cap: UK£98.9m

Through its subsidiaries, provides currency and asset management services in the United Kingdom, North America, Switzerland, rest of Europe, Australia, and internationally.