An extremely simple yet capable compressor circuit is published by Elliott Sound Products,here (link updated 31 Dec 2023).
Compressor Mk I
I built the circuit exactly as-is (in an Altoids tin).

Care was taken to optically couple the bulb to the photocell (LDR), using a perspex rod, wrapped in smooth tin-foil. The perspex came from eBay:
http://stores.ebay.co.uk/thewholesaleposco2009
as did the miniature “Grain of Wheat” bulbs: http://stores.ebay.co.uk/GnA-MODELPARTS?_trksid=p2047675.l2563

This was put together, and sealed in heatshrink tubing, to make it fairly lightproof from external light sources. The rest of the components came from http://cpc.farnell.com (free postage) or from my junk box.