
Avon Rubber specialises in protective equipment for the military, and law enforcement markets.
Quick Facts
- Founded In: 1885
- FY 20 Revenue and Operating Profit: £168.0m and £5.9m
- Number of Employees: 929
- Revenue Split: US 91.0%, Europe 9.0%

Bilby Plc provides gas central heating, electrical and general building maintenance services.
Quick Facts
- Founded In: 2009
- FY 20 Revenue and Operating Profit: £65.4m and £2.3m
- Number of Employees: 343
- Revenue Split: UK 100.0%

Codemasters is a video game producer that specialises in driving and racing games.
Quick Facts
- Founded In: 1986
- FY 20 Revenue and Operating Profit: £76.0m and £15.9m
- Number of Employees: 578
- Revenue Split: US 40.4%, Rest of Europe 38.4%, UK 9.9%, Rest of World 8.0%, Australia 3.3%

Computacenter provides information technology infrastructure services to a range of corporate clients, principally within the UK and Europe.
Quick Facts
- Founded In: 1981
- FY 19 Revenue and Operating Profit: £5052.8m and £147.0m
- Number of Employees: 16067
- Revenue Split: Germany 38.5%, UK 31.3%, Belgium 15.3%, France 11.1%, International 3.8%

GB Group specialises in identity data intelligence, providing its customers with a range of solutions for the vetting of customers and employees.
Quick Facts
- Founded In: 1989
- FY 20 Revenue and Operating Profit: £199.1m and £22.8m
- Number of Employees: 1000
- Revenue Split: UK 44.1%, US 26.3%, Others 20.0%, Australia 9.6%

Genedrive provides molecular diagnostics solutions for the detection of a variety of ailments. The company specialises in polymerase chain reaction (PCR) technology.
Quick Facts
- Founded In: 2000
- FY 20 Revenue and Operating Profit: £1.1m and -£5.6m
- Number of Employees: 41
- Revenue Split: UK 56.0%, US 39.4%, Europe 3.3%, Rest of World 0.7%

HeiQ is a Swiss based company that excels in functional textile technologies; its technology can provide cooling, warming, water repellence and odour prevention in textiles.
We invested in the recent IPO.
Quick Facts
- Founded In: 2005
- FY 19 Revenue and Operating Profit: $28.0m and $1.4m
- Number of Employees: 150
- Revenue Split: Americas 61.6%, Asia 25.4%, Europe 12.6%, Rest of World 0.5%

SourceBio is a provider of laboratory support services. Its key areas of business are Healthcare Diagnostics, Genomics, Stability Storage and Infectious Disease Testing. It has quickly emerged as one of the largest testing centres for COVID-19.
We invested in the recent IPO.
Quick Facts
- Founded In: 1999
- FY 19 Revenue and Operating Profit: £21.2m and £1.0m
- Number of Employees: 160
- Revenue Split: UK 72.7%, Europe 17.1%, Rest of World 10.2%

Treatt is an ingredients manufacturer to the flavour, fragrance and consumer goods markets.
Quick Facts
- Founded In: 1886
- FY 20 Revenue and Operating Profit: £109.0m and £15.1m
- Number of Employees: 358
- Revenue Split: US 40.1%, Rest of World 17.8%, Europe 10.9%, Americas 7.8%, UK 6.8%, China 6.3%, Ireland 6.2%, Germany 4.0%
Source: Company accounts.
Companies mentioned above are not a recommendation.
The companies listed above represent a sample of our holdings and we encourage you to visit the company website for precise and latest information. Their mention here is for illustrative purposes only, to demonstrate our diverse range of investments. Any mention of any company should not be read as a recommendation or otherwise.
Over the last fifty years of the Fund’s existence, we have bought and sold many companies. The companies mentioned above reflect our investments as of 31st December 2020. These investments are subject to change, anytime and without any announcement or notice, due to corporate activity or general portfolio operation.