| Name of company | % of portfolio |
| 1 | Treatt Plc Ordinary 2p | 16.40 |
| 2 | Hill & Smith Holdings Plc Ordinary 25p | 13.06 |
| 3 | Spirax-Sarco Engineering Plc Ordinary 26.9231p | 10.69 |
| 4 | Macfarlane Group Plc Ordinary 25p | 10.65 |
| 5 | Vp Plc Ordinary 5p | 8.14 |
| 6 | Electrocomponents PLC Ordinary 10p | 7.10 |
| 7 | Scapa Group Plc Ordinary 5p | 7.08 |
| 8 | Colefax Group Plc Ordinary 10p | 7.04 |
| 9 | Eleco Plc Ordinary 1p | 2.49 |
| 10 | Renold Plc Ordinary 5p | 2.25 |
| 11 | IMI Plc Ordinary 25p | 2.22 |
| 12 | Vitec Group Plc Ordinary 20p | 2.06 |
| 13 | Morgan Advanced Materials Plc Ordinary 25p | 1.85 |
| 14 | Bellway Plc Ordinary 12.5p | 1.50 |
| 15 | Carr's Group Plc Ordinary GBp2.5 | 1.30 |
| 16 | National Grid Plc Ordinary 11.395p | 0.97 |
| 17 | Castings Plc Ordinary 10p | 0.92 |
| 18 | Titon Holdings Plc Ordinary 10p | 0.77 |
| 19 | Menzies (John) Plc Ordinary 25p | 0.74 |
| 20 | GlaxoSmithKline Plc Ordinary 25p | 0.73 |
| 21 | Discretionary Unit Fund Managers Ltd | 0.56 |
| 22 | Santander UK 10.375% Non Cumulative Preferred | 0.46 |
| 23 | Dialight Plc Ordinary 1.89p | 0.46 |
| 24 | LPA Group Plc Ordinary 10p | 0.41 |
| 25 | Chamberlin Plc Ordinary 25p | 0.07 |
| 26 | Coral Products Plc Ordinary 1p | 0.07 |
