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In 1983 Philip Baxendale and his family sold their domestic boiler manufacturing company to its employees 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 aim for the trust is that it would help increase the number of employee owned companies, enabling employees to make a contribution to their business and share in its success. The three principles of Philip’s vision are that each company should:

• 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

From 2001 - 2009 the Baxi Partnership Trust helped fund more than 20 companies into employee ownership.

You can find out about and enter the annual Philip Baxendale Awards celebrating employee ownership excellence here.

In 2009 Ownership Capital Ltd and Baxendale Partnership Ltd were established to enable business succession through co-ownership funding and development support services.