Introduction .............................................................................. 4
The Portfolio Manager’s Summary .............................................................................. 4
Small/Mid Cap sectoral analysis .................................................................................. 5
Small/Mid Cap changes from 2010 .......................................... 6
Companies leaving the Small/Mid Cap Annual Directory ........................................... 6
Companies joining the Small/Mid Cap Annual Directory ........................................... 7
Small/Mid Cap coverage by company location ...................... 8
Small/Mid Cap company profiles .......................................... 11


1 Acal, Guildford, Surrey, GU2 7AH 68 Kier, Sandy, Bedfordshire, SG19 2BD
2 Anite, Slough, SL1 4PF 69 Laird, London, SW1Y 5NQ
3 Ashtead Group, London, EC2V 8BB 70 Lamprell, Douglas, Isle of Man, IM1 1LB
4 Atkins, Epsom KT18 5AL 71 Lancashire Group, London, EC3M 4AD
5 AVEVA, Cambridge, CB3 0HB 72 Liontrust Asset Management, London, WC2R 0EZ
6 Avocet Mining, London SW1Y 4EX 73 Local Shopping REIT, London, W1F 7TA
7 Barratt Developments, Leicestershire, LE67 1UF 74 Marston’s, Wolverhampton, WV1 4JT
8 BBA Aviation, London, W1K 6TL 75 Mecom, London, SW1Y 6NY
9 Bellway, Newcastle upon Tyne, NE13 6BE 76 Micro Focus, Newbury, Berkshire, RG14 1QN
10 Big Yellow Group, Bagshot, Surrey, GU19 5AT 77 MITIE Group, Bristol, BS16 7FH
11 Bodycote, Macclesfield, Cheshire, SK10 2XF 78 Morgan Crucible, Windsor, Berkshire SL4 1LP
12 Booker, Wellingborough, Northants, NN8 1LT 79 Morgan Sindall, London, W1W 8AJ
13 Bovis Homes, Longfield, Kent, DA3 8HQ 80 Mothercare, Watford, Hertfordshire WD24 6SH
14 Britvic, Chelmsford, Essex, CM1 1TU 81 Mouchel, Woking, Surrey, GU21 6QX
15 Capital & Counties, London, SW1H 0BT 82 Northern Foods, Leeds, LS15 8ZB
16 Capital & Regional, London, SW1W 0AU 83 Ocado, Hatfield, AL10 9NE
17 Carpetright, Purfleet, Essex, RM19 1TT 84 Omega Insurance, Hamilton HM11, Bermuda
18 Charlemagne Capital, London, SW1A 1JD 85 Oxford BioMedica, Oxford, OX4 4GA
19 Cineworld, Chiswick, London, W4 5PY 86 Oxford Instruments, Oxfordshire, OX13 5QX
20 Clarkson, London, EC3R 6HE 87 Pace, Saltaire, West Yorkshire, BD18 3LF
21 Coal of Africa, Woodmead, 2191, South Africa 88 Paragon Group, West Midlands, B91 3QE
22 Computacenter, Hertfordshire, AL10 9TW 89 PayPoint, Hertfordshire, AL7 1EL
23 CPP Group, York, YO26 4GA 90 Pinewood Shepperton, Buckinghamshire, SL0 0NH
24 CSR, Cambridge, CB4 0WZ 91 Premier Foods, St Albans, Hertfordshire, AL1 2RE
25 DS Smith, Maidenhead, Berkshire, SL6 8XY 92 Promethean, Lancashire, BB1 5TH
26 Dairy Crest, Esher, Surrey, KT10 9PN 93 Punch Taverns, Staffordshire, DE14 2WF
27 Davis Service Group, London, SW1X 7DL 94 PV Crystalox Solar, Oxfordshire, OX14 4SE
28 Dealogic Holdings, London, WC2R 1DA 95 QinetiQ, London, SW1E 6PD
29 Debenhams, London, W1G 0AA 96 Quintain Estates, London, W1K 4QF
30 Development Securities, London, SW1E 5DS 97 RAB Capital, London, WC2N 6LE
31 Dixons Retail, Hemel Hempstead, HP2 7TG 98 Record, Windsor, Berkshire, SL4 1EP
32 Domino Printing, Cambridge, CB23 8TU 99 Redrow, Flintshire, CH5 3RX
33 DTZ Holdings, London, EC2N 2BQ 100 Regus, Jersey, JE4 8PX
34 Dunelm, Syston, Leicestershire, LE7 1NF 101 Renishaw, Gloucestershire, GL12 8JR
35 eaga, Newcastle Upon Tyne, NE2 1DB 102 Renovo, Manchester, M13 9XX
36 Elementis, London, W1S 4HH 103 Restaurant Group, London, SE1 1EP
37 EnQuest, London, SW1Y 4PE 104 Rightmove, London, W1D 3QU
38 Enterprise Inns, West Midlands, B90 4SJ 105 RPC Group, Northants, NN10 8RP
39 F&C Asset Management, London, EC2A 2NY 106 RPS Group, Oxfordshire, OX14 4RY
40 Filtrona, Milton Keynes, MK9 1AU 107 Serica Energy, London, W1U 6RJ
41 Findel, Accrington, BB5 4EH 108 Shaftesbury, London, W1S 3DL
42 Galliford Try, Uxbridge, UB8 2AL 109 Shanks, Buckinghamshire, MK1 1BU
43 Game Group, Basingstoke, Hampshire, RG21 6YJ 110 Shepherd Neame, Kent, ME13 7AX
44 Gem Diamonds, London, SW1W 9BJ 111 SIG, Sheffield, S9 1XH
45 Genus, Basingstoke, Hampshire, RG21 4HG 112 Smiths News, Swindon, SN3 1RF
46 Grainger, Newcastle Upon Tyne NE1 4JE 113 Songbird Estates, Canary Wharf, London, E14 5AB
47 Great Portland, London, W1G 0PW 114 Southern Cross, Darlington, DL3 6AH
48 Greene King, Bury St Edmunds, Suffolk IP33 1QT 115 Spirent, Crawley, West Sussex, RH10 9XN
49 Greggs, Jesmond, Newcastle upon Tyne, NE2 1TL 116 St. Modwen Properties, Birmingham, B32 1AF
50 Halfords, Redditch, Worcestershire, B98 0DE 117 Taylor Wimpey, London, W1S 1SB
51 Helical Bar, London, W1J 5RS 118 Ted Baker, London, NW1 0TB
52 Heritage Oil, Jersey, JE2 3BQ 119 Telecity Group, London, E14 9GE
53 Highland Gold Mining, Jersey, JE2 3RA 120 Topps Tiles, Enderby, Leicestershire, LE19 1EU
54 HMV, Maidenhead, Berkshire, SL6 1SR 121 Trinity Mirror, Canary Wharf, London, E14 5AP
55 Howden Joinery, London, W1U 4JT 122 UNITE Group, Bristol, BS1 6JX
56 Hunting, London, SW1Y 5BQ 123 Vectura, Chippenham, Wiltshire, SN14 6FH
57 Imagination Tech, Hertfordshire, WD4 8LZ 124 Victrex, Thornton Cleveleys, Lancashire, FY5 4QD
58 Imperial Innovations, London, SW7 2AZ 125 Wellstream, Newcastle Upon Tyne, NE6 3PF
59 International Personal Finance, Leeds, LS11 5BD 126 WH Smith, Swindon, Wiltshire, SN3 3RX
60 Interserve, Twyford, Berkshire RG10 9JU 127 Wincanton, Chippenham, Wiltshire, SN14 0WT
61 Invista Real Estate, London, EC3A 8AA 128 Wolfson Microelectronics, Edinburgh, EH11 2QB
62 JD Wetherspoon, Watford, Hertfordshire, WD24 4QL 129 Workspace Group, London, E1 1DU
63 John Menzies, Edinburgh, EH2 3AA 130 Xchanging, London, W1S 1HN
64 Johnston Press, Edinburgh, EH8 8AS 131 Yell, Reading, Berkshire, RG1 7PT
65 KCOM, Kingston-upon-Hull, HU1 3RE 132 Young & Co's Brewery, London, SW18 1NH
66 Kenmare Resources, Chatham Street, Dublin, Ireland 133 Yule Catto, Harlow, Essex, CM20 2BH