Overview

We are long term, active UK equity stock pickers. As traditional UK equity investors we adopt a common-sense approach in what we do – long only, profitable, UK listed, direct equity investment. Our rigorous fundamental research process enables us to identify the very best opportunities within the universe whilst keeping the spotlight on balance sheet quality, business model sustainability and valuation. We apply a naturally sceptical approach to our asset valuation process, maintaining awareness of the bear case scenario and the impact to investor returns. With no intentional style bias our portfolios offer high quality exposure across the capitalization spectrum managed in a collaborative environment from the heart of Leeds, UK.

Our UK Smaller Companies portfolios are aligned to the same overarching common-sense philosophy applied across the team. We believe that high quality UK companies generating sustainable cash flows and trading on reasonable multiples offer significant potential to outperform the broader market over the long-term.

Small cap equities are under researched relative to the broader market, uncovering market anomalies and great mispricing opportunity within emerging and disruptive industries where management often have "skin in the game." Our focussed approach provides investors with style agnostic exposure to an asset class that not only has generated historical returns superior to that of their large cap counterparts, but also offers a unique opportunity to benefit from buoyant M&A activity.