| Name of company | % of portfolio |
| 1 | Treatt Plc Ordinary 2p | 15.23 |
| 2 | Hill & Smith Holdings Plc Ordinary 25p | 13.27 |
| 3 | Macfarlane Group Plc Ordinary 25p | 11.25 |
| 4 | Spirax-Sarco Engineering Plc Ordinary 26.9231p | 9.86 |
| 5 | Scapa Group Plc Ordinary 5p | 8.17 |
| 6 | Vp Plc Ordinary 5p | 8.01 |
| 7 | Electrocomponents PLC Ordinary 10p | 7.34 |
| 8 | Colefax Group Plc Ordinary 10p | 6.62 |
| 9 | Renold Plc Ordinary 5p | 2.54 |
| 10 | Eleco Plc Ordinary 1p | 2.53 |
| 11 | IMI Plc Ordinary 25p | 2.12 |
| 12 | Vitec Group Plc Ordinary 20p | 2.05 |
| 13 | Morgan Advanced Materials Plc Ordinary 25p | 1.99 |
| 14 | Bellway Plc Ordinary 12.5p | 1.63 |
| 15 | Carr's Group Plc Ordinary GBp2.5 | 1.33 |
| 16 | Castings Plc Ordinary 10p | 0.92 |
| 17 | National Grid Plc Ordinary 11.395p | 0.92 |
| 18 | Menzies (John) Plc Ordinary 25p | 0.84 |
| 19 | Titon Holdings Plc Ordinary 10p | 0.73 |
| 20 | GlaxoSmithKline Plc Ordinary 25p | 0.71 |
| 21 | Discretionary Unit Fund Managers Ltd | 0.53 |
| 22 | Santander UK 10.375% Non Cumulative Preferred | 0.44 |
| 23 | Dialight Plc Ordinary 1.89p | 0.43 |
| 24 | LPA Group Plc Ordinary 10p | 0.40 |
| 25 | Chamberlin Plc Ordinary 25p | 0.07 |
| 26 | Coral Products Plc Ordinary 1p | 0.06 |
