When Philip Baxendale sold his domestic boiler manufacturing company, Baxi Partnership Limited, to its employees, his intention was to enable the employees to keep the company independent and to share in the wealth that they helped to create.

In the year 2000, the Baxi Partnership Trust was developed to help other strong companies do the same.

Philip’s original vision is that the partnership would establish employee ownership in the company, enabling employees to make a contribution to the business and share in its success.

• Continue forever to be employee owned
• Be a professionally managed, dynamic, growing business
• Have regard always to the interests of its employees as people and as shareholders