Shares in Scottish companies listed on the Alternative Investment Market (AIM) fell by 13.8per cent during 2014 which compared well against other AIM listed companies in the UK according to analysis by advisers BDO.

The market capitalisation of Scotland's 27 AIM-listed companies fell by £243m last year to £1.51billion, but the reduction was less than the 17.2per cent fall in the AIM Allshare and the 20.4per cent fall for the AIM UK 100. The FTSE all-share index fell 1.88per cent whilst the FTSE 250 fared better by rising 1.16per cent.

The highest valued firm is business support services firm Smart Metering which had an end of year market cap of £329.8m which represents 22per cent of all of the Scottish AIM listed firms. The next highest was software firm Iomart at £186.3m then oil and gas explorer Faroe Petroleum at £165.5m. Biggest risers were Scotgold, Caledonian Trust and Goals Soccer Centres, while the biggest fallers were Cupid, Spacesandpeople, and Lansdowne Oil & Gas.