Terms & Conditions

This website is intended for access by professional investors who are resident in the UK. Before proceeding, we require you to read and confirm that you understand the policies detailed below and agree to be bound by the terms and conditions.


The content of this website has been prepared by Teviot Partners LLP (“Teviot”) using information and sources believed to be reliable.  Under no circumstances should any part of this website be regarded as an offering or solicitation to an offer, and any investment in the funds referred to on this site should only be made on the basis of the Fund Prospectus.

Teviot Partners is authorised and regulated by the Financial Conduct Authority (registration number 766508).  Further information on the FCA can be accessed from their website www.fca.org.uk.

Teviot Partners is delegated to act as investment manager to the VT Teviot UK Smaller Companies Fund.  This is an authorised OEIC, regulated by the FCA in the United Kingdom.  The authorised corporate director (ACD) and administrator of the Fund is Valu-Trac Ltd. Further information on Valu-trac Ltd is available from www.valu-trac.com.

Teviot Partners LLP is a limited liability partnership registered in England and Wales (Registration number OC414551).

1. Terms and conditions of use

The following terms and conditions of use apply to your access to and use of Teviot’s website. Every time you access or use the website you agree to comply with and be bound by the Terms and acknowledge that we may rely upon your agreement. Please read the following Terms carefully and if you do not accept any terms or conditions, do not use this website.

2. Website – Permitted Users

The information provided by this website is solely for use by persons resident in the UK and therefore subject to UK tax. If you are not resident in the UK, you should not enter the site as it may contravene local laws or regulations applicable to non-UK residents. For the avoidance of doubt, the VT Teviot UK Smaller Companies Fund is not registered under United States securities law. If you elect to enter the website, you are representing and warranting that you are not resident in, or a citizen of, a jurisdiction outside the UK.  The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such distribution or offer is not authorised.

The website is provided for use by persons who would be classified as a professional investor as defined by the FCA rules. If you are in any doubt about your investor classification you should not proceed and seek appropriate professional advice.

3. Information on Teviot website

Except where stated otherwise, the information on this website is provided by Teviot as at the date indicated. The Information is provided for personal use and information purposes only. The Information does not take account of the investment objectives, financial situation and particular needs of any particular person and is not general advice to any class of persons. Therefore, you should not rely on the information and should obtain relevant and specific professional advice in making any investment decision. Furthermore, nothing on this website constitutes:

(a) an offer, advice, invitation or solicitation from Teviot to buy or sell any investments or securities, futures, options or other financial instruments;

(b) an invitation or inducement to engage in investment activity or a financial promotion of any kind; or

(c) investment recommendation or advice.

References in this site to specific securities should not be taken as a recommendation to buy or sell those securities, but are included for the purposes of illustration and information only.

4. Risk Warnings


5. Accuracy of information

The information contained on the site has been given in good faith and every effort has been made to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. The information may not be complete or accurate for your purposes. The information, opinions and estimates presented on the website may be changed or withdrawn without notice and may become outdated. Information or other material obtained from this site should be verified before you use it. 

6. Corruption of the Website and its Servers

Teviot do not represent or warrant that this website or the servers that make the Teviot site available will be error free, uninterrupted or free from infection, viruses, worms or any other harmful code which may have contaminating or destructive properties. You are fully responsible for ensuring protective steps are taken such as virus checking.

7. Exclusion of liability

To the fullest extent permitted by law, Teviot Partners LLP accept no liability to you or any third party for any losses or damages, including, without limitation, direct or indirect damages, consequential or special damages, loss of use, data or profits, costs or expenses incurred or suffered by you or third party, whether in contract or due to negligence or other tortious action, arising out of or in connection with the access to, use of, reliance on, or performance of this website or any information contained on this website, whether due to inaccuracy, error, omission or any other cause and whether on the part of us, our servants, agents or any other person. Nothing in the terms of use excludes, restricts or modifies any condition, warranty or liability which may at any time be implied by statute or any other applicable law where to do so is illegal or would render any provision of an agreement void. No liability is accepted for any loss, either direct or indirect, incidental or consequential, arising out of the information on this site not being true and accurate, except to the extent caused by the wilful default or gross negligence of Teviot or to the extent that such liability arises under the Financial Services and Markets Act 2000. Please note that Teviot may update or alter the information on the site at any time without giving notice of the alterations.

8. Third party websites

We may provide, on our website, links to websites operated by third parties as a convenience to you. If you use these other sites, you will leave this site. If you decide to visit any linked site, you do so at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements. Teviot makes no representations, warranties or guarantees of any kind about any of the content of any other website which you may access by hypertext link through this site. When you access any other website by means of a link from this site, you should understand that your access to that other website is independent of Teviot and we have no control over the content of the website, nor do we in any way endorse or approve the content of that website. In no event will we in any way be liable to you or any other person or organisation for loss or damage for any use of any site linked to it by means of hypertext or otherwise.

9. Indemnity

You agree to indemnify Teviot from and against any claim brought by third parties against Teviot as a consequence of your breach of the Terms.

10. Intellectual property rights

Any information accessed via this site is confidential and is protected under copyright law. The copyright, trade mark or any other intellectual property rights in the website and the Information are owned by or licensed to Teviot. You may download or print out a hard copy of individual pages and/or sections of this website provided you do not remove any copyright or other proprietary notices. Any downloading or other copying from this site will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link to or use for any public or commercial purpose this site without the prior written permission of Teviot. Any rights not expressly granted in the Terms are reserved.

11. Privacy Policy

Our Privacy Policy sets out the terms on which we process personal data that you provide to us.

12. Cookie Policy

Our Cookie Policy explains the cookies we use on our website.

13. Data Protection

Teviot is registered under the Data Protection Act 1998 and complies with the Act and the General Data Protection Regulations (GDPR) (Regulation (EU) 2016/679) in all our dealings with your personal data.

14. Governing law

This site is hosted in the UK and compiled in order to comply with the laws of England and Wales. All visits to and the contents of this site are subject to and governed by the laws of England and Wales. If any dispute arises from your use of this site or any of the information on it, you agree to submit to the non-exclusive jurisdiction of the High Court of Justice in England and Wales. The Terms are governed by the laws of England and Wales.

15. Waiver

If you breach the Terms and we take no action, we will still be entitled to use our rights and remedies in any other situation where you breach the Terms. 

This website belongs to Teviot Partners LLP, 101 George Street, Edinburgh EH2 4ES.

Reviewed January 2024