Bath/Head Office:
01225 483 030
London Office & Quoted Equity Team:
0207 222 8989
Edinburgh Office & European Quoted Equity Team:
0131 357 1040
About Chelverton

About Chelverton

 

To buy when others are despondently selling and to sell when others are greedily buying, requires the greatest fortitude and pays the greatest reward.

SIR JOHN TEMPLETON

 

At Chelverton we invest in proper companies, that do proper things, managed by sensible people.  Founded in 1998, we are a boutique asset management business with a specialist focus on investing outside the top 100 UK equities, and unquoted SMEs.  Our select range of investment products and services is carefully considered and meticulously executed.  Our investment approach is based on taking a 360-degree view of a company to seek out investments of fundamental value.  

Quoted Equity

We harness the traditional values behind a long-term investment philosophy with the modern approach of keeping things simple. As experts at investing in small and mid-cap stocks, this is on what we focus all of our time. Without the restriction of an oversized corporate infrastructure, we are able to keep our operation agile and investor focused, always ready to adapt to the continuous movement of today’s investment landscape.

OUR FUNDS

Our experienced quoted equity team manage more than £1bn of investments in small and mid-cap companies across five industry appraised funds. These are:

MI Chelverton UK Equity Income Fund

An income-focused Open Ended Investment Company ("OEIC"):  This top performing fund invests in predominantly mid-cap companies.  The fund aims to deliver a high and growing quarterly dividend, plus the prospect of good long-term capital growth.

Chelverton UK Dividend Trust PLC

An income-focused Investment Trust:  This fund invests principally in mid and small-cap companies.  Like MI Chelverton UK Equity Income Fund, this fund aims to deliver a high and growing quarterly dividend, and the prospect of good long-term capital growth.  However, the closed end nature of an Investment Trust allows investment much lower down the market cap range.

MI Chelverton UK Equity Growth Fund

A growth-focused OEIC:  A UK small and mid-cap fund aiming to invest in highly cash generative companies with strong market positions that are expected to grow faster than UK GDP.   It aims to deliver progressive long-term capital growth with no income.

Chelverton Growth Trust PLC

A growth-focused Investment Trust:  A highly specialised fund investing in very small, growing companies capitalised at less than £50m. Think of this as our "nursery"!  This fund aims to deliver progressive, long-term capital growth with no income.  

MI Chelverton European Select Fund

A Europe ex UK Equity Fund:  A fund investing solely in the equity securities of companies listed in Europe, but outside of the UK, across the size spectrum down to a minimum market capitalisation of €50m. 

Our History

  • 1998

    April – Chelverton was established to provide the investment management for The Micro Quoted Growth Trust PLC (Micro Quoted), an investment trust listed at the same time. Simultaneously, the major shareholder of Micro Quoted, MAH PLC, an OFEX listed cash shell, appointed Chelverton to advise them on unquoted opportunities with the balance of their funds of some £2m.

  • 1999

    January – Chelverton commenced the fundraising for a new investment trust, later named Small Companies Dividend Trust PLC, aimed at producing a very high and growing income with the potential for capital growth by investing in higher yielding UK small and mid-cap equities.

  • 2000

    May – Small Companies Dividend Trust PLC launched (originally called BFS Small Companies Dividend Trust PLC).

  • 2001

    The Micro Quoted Growth Trust PLC and the MAH PLC OFEX listed cash shell for unquoted opportunities, for which Chelverton had provided investment management for both since its launch in 1998, were merged and renamed Chelverton Growth Trust PLC. Small Companies Dividend Trust PLC is awarded Best Performing Small Company Fund at the PLC awards, sponsored by PWC.

  • 2002

    Small Companies Dividend Trust PLC is awarded Investment Week – Best Split Capital Trust. April – Chelverton achieves a performance bonus for Small Companies Dividend Trust.

  • 2003

    Small Companies Dividend Trust PLC is awarded for the second consecutive year the Investment Week – Best Split Capital Trust.

  • 2004

    Small Companies Dividend Trust PLC is awarded Money Observer’s Best UK High Income Trust. April – Chelverton achieves a performance bonus for Small Companies Dividend Trust PLC.

  • 2005

    April – Chelverton achieves a performance bonus for Small Companies Dividend Trust PLC.

  • 2006

    April – Chelverton achieves a performance bonus for Small Companies Dividend Trust PLC. December –  Chelverton launches its first Open Ended Investment Company (OEIC): Chelverton UK Equity Income Fund to invest in higher yielding UK small and mid-cap equities.

  • 2007

    Chelverton commenced working with the family office, Buckland Capital Partners, to help them diversify their assets and achieve Business Property Relief. This was done through the formation of an industrial holding company, Portchester Equity Limited, designed to invest £35m in a portfolio of established, profitable and cash-generative private companies with robust growth prospects.

  • 2008

    Chelverton advised Buckland Capital Partners on the purchase of the first four acquisitions made by its Portchester Equity Limited vehicle for an equity investment totalling £21.5m.

  • 2009

    Chelverton advised Buckland Capital Partners on the purchase of a further two acquisitions made by its Portchester Equity Limited vehicle for an equity investment totalling £8.2m.

  • 2010

    Chelverton continued its relationship with Buckland Capital Partners, sourcing, executing and advising on the purchase of a further two acquisitions made by its Portchester Equity Limited vehicle for an equity investment totalling £6.3m.

  • 2011

    Chelverton Growth Trust PLC is awarded Fund Manager of the Year Award at the PLC Awards, sponsored by PWC.

  • 2012

  • 2013

    Chelverton UK Equity Income Fund awarded Investment Week Fund Manager of the Year award for the UK Equity Income Category and wins 2013 Moneywise Fund Awards in the category of UK Equity Income. June – Chelverton launches Chelverton Investor Club.

  • 2014

    October – Chelverton UK Equity Income Fund awarded Membership of FT Investment Adviser 100 Club 2014 in the category of UK Equity Income Fund of the Year. Also, Chelverton launches its second Open Ended Investment Company (OEIC): Chelverton UK Equity Growth Fund. November – Chelverton UK Equity Income Fund is Highly Commended in the UK Equity Income Category at the 2014 Moneywise Fund Awards.

  • 2018

    March – Chelverton launch the  MI Chelverton European Select Fund,  investing solely in the equity securities of companies listed in Europe, but outside of the UK, across the size spectrum down to a minimum market capitalisation of €50m.  The fund is managed by Dale Robertson and Gareth Rudd.