U.K. Undiscovered Gems With Strong Fundamentals

Georgia Capital

Market Cap: UK£790.7m

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

Nationwide Building Society

Market Cap: UK£1.2b

Provides retail banking products and services in the United Kingdom.

Andrews Sykes Group

Market Cap: UK£212.6m

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.

B.P. Marsh & Partners

Market Cap: UK£240.5m

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

BioPharma Credit

Market Cap: US$1.0b

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

Distribution Finance Capital Holdings

Market Cap: UK£85.2m

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

FW Thorpe

Market Cap: UK£347.6m

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£250.9m

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.

Law Debenture

Market Cap: UK£1.4b

An investment trust, provides independent professional services to companies, agencies, organizations, and individuals worldwide.

Anglo-Eastern Plantations

Market Cap: UK£527.0m

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

Amicorp FS (UK)

Market Cap: US$201.5m

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£107.8m

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

AltynGold

Market Cap: UK£267.3m

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

Personal Group Holdings

Market Cap: UK£108.0m

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

Celtic

Market Cap: UK£170.9m

Operates a professional football club in the United Kingdom.

Jersey Electricity

Market Cap: UK£144.0m

Engages in the generation, transmission, distribution, and supply of electricity in Jersey.

AEW UK REIT

Market Cap: UK£168.4m

AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return to shareholders by investing predominantly in smaller commercial properties (typically less than £15 million), on shorter occupational leases in strong commercial locations across the United Kingdom.

Journeo

Market Cap: UK£85.3m

Provides solutions to the transport community that captures, processes, and displays essential information to enhance journeys in the United Kingdom and internationally.

Bioventix

Market Cap: UK£114.9m

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

Intercede Group

Market Cap: UK£85.5m

A cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally.

TruFin

Market Cap: UK£107.5m

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

City of London Investment Group

Market Cap: UK£179.6m

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

Ramsdens Holdings

Market Cap: UK£114.9m

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

ActiveOps

Market Cap: UK£182.7m

Engages in the provision of hosted operations management software as a service solution to industries in Europe, the Middle East, India, Africa, North America, and Asia Pacific.

Hargreaves Services

Market Cap: UK£219.5m

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

Tribal Group

Market Cap: UK£136.0m

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

Fonix

Market Cap: UK£181.3m

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.

Integrated Diagnostics Holdings

Market Cap: US$325.5m

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

Greencore Group

Market Cap: UK£1.0b

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

Helios Underwriting

Market Cap: UK£153.8m

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

Irish Continental Group

Market Cap: UK£819.0m

Operates as a maritime transport company in Ireland, the United Kingdom, and Continental Europe.

Mincon Group

Market Cap: UK£88.2m

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.

Avingtrans

Market Cap: UK£166.8m

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

Beeks Financial Cloud Group

Market Cap: UK£153.9m

Provides managed cloud computing, connectivity, and analytics services for capital markets and financial services sectors in the United Kingdom, Europe, the United States, and internationally.

James Halstead

Market Cap: UK£593.9m

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