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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 believe in doing things properly. We invest in proper companies. That do proper things. Managed by sensible people. For intelligent investors, who care. Founded in 1998, we are a boutique asset management business with a specialist focus on investing in sub-FTSE 100 equities and unquoted SMEs. Our select range of investment products and services is carefully considered and meticulously executed. We are a growing business, but believe first and foremost in doing a few things extremely well. For this reason, we are an exceptionally focused company, offering private clients, financial intermediaries, institutional investors and family offices direct access to the very best quoted and unquoted equity investment expertise. We pride ourselves on our solid client relationships and reliable long-term performance. Our investment approach is based on taking a 360-degree view of a company to seek out investments of fundamental value.  


Quoted Equity

We are changing the way fund management is done. 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 £500m of investments in small and mid-cap companies across four 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 and produces a yield of 4%.  Having consistently beaten its rivals in the IMA UK Equity Income sector, the fund aims to deliver a high and growing quarterly dividend, plus the prospect of good long-term capital growth.

Chelverton Small Companies Dividend Trust PLC

An income-focused Investment Trust:  This award-winning fund invests principally in small-cap companies capitalised at less than £500m and offering a yield of 4%.  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 new UK small and mid-cap fund investing 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.  


Unquoted Equity

The UK is bursting with fantastic small and medium-sized enterprises (SMEs), and investing directly in the right ones opens up huge opportunities to private investors. Both in the size of the potential return and the extensive range of tax benefits available. Since 1998, our knowledgeable unquoted equity team has invested more than £50m into UK SMEs on behalf of family offices, private high net worth investors and our sister company, CEPS PLC, an AIM traded industrial holding company.  Unlike quoted companies, whose shares are listed on the stock exchange, these companies are privately owned and investments are only available through our unquoted team.

OUR UNQUOTED INVESTMENT SERVICES

The key to our investment philosophy is our focus on profitable and growing companies, valued at between £500,000 and £15m, with strong, ambitious management teams that are most likely to deliver a good return for investors.  In our experience, these businesses provide excellent and highly competitive investment opportunities which have long been overlooked by other private company equity providers. We offer high net worth individuals and family offices a simple and discrete route to investing directly into robust, private UK SMEs.

Chelverton Investor Club

For Private High Net Worth Investors An exclusive investor club for discerning high net worth private investors looking to build, or add to, their private equity investment portfolios alongside other like-minded and sophisticated investors.  The Club enables Members to diversify their investment portfolios, with targeted internal rates of return of between 25% and 35% and structured to use tax efficient schemes, where possible.

Bespoke Unquoted Investment Solutions

For Family Offices A tailor-made investment service dedicated to Family Offices and other select investors looking to build, or add to, their private equity investment portfolios independently of other investors. Our team has extensive experience constructing entire private equity portfolios, carefully crafted to achieve a range of investment ambitions for exacting clients who demand only the very best. As you would expect from a bespoke service, our solutions are developed from the ground up to precisely meet our clients' needs.


OUR CORPORATE FUNDING SERVICE

For Unquoted Companies Seeking Finance

A refreshingly uncomplicated way for business owners to access SME funding.  We recognise the traditional values of a sound business proposition, a track record of consistent performance and an ambition for long-term growth.  If your business can demonstrate these characteristics, and you require investment of up to £3m, we are here to help you.  

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.