The investment area of small-caps and the value approach to stock-picking hasn”t been easy. We talk to a listed trust with the relatively unusual distinction of its shares trading – for a while – at a premium to underlying value, rather than a discount.

Away from immediate UK political dramas, one stated goal from
many policymakers, including finance minister Rachel Reeves, is
to encourage faster economic growth. Allied to that is a stated
desire to boost London’s listings regime and give entrepreneurs
more ways to realise their goals.

It has been tough for small- and medium-sized UK
businesses in recent years. There is relatively low
liquidity, patchy analyst coverage – not helped by…