Our Story


Growing sustainable businesses since 1866

Today Baxendale is an employee owned business that offers a unique combination of specialist advice and investment to support the creation and success of strong, sustainable and growing businesses.

Our company began life in 1866 as a family-owned foundry, manufacturing railway carriages and gas lit lampposts. Over time we changed emphasis in the products manufactured, becoming the leading maker of domestic boilers in the UK.

After many years of research on fairer alternatives to the family-owned model, Philip Baxendale – whose great grandfather had started the business – took the company into employee trust ownership in 1983 enabling employees to share in wealth creation, participation and fulfilment from working in the company of their fellow owners.

In 2000, having sold its manufacturing activities, the company developed into a capital fund and consultancy service called Baxi Partnership specialising in supporting mutual and employee ownership, carrying on the vision of Philip Baxendale.

In the same year, the original Trust Deed was strengthened and enshrined in perpetuity by The Baxi Partnership Trusts Act 2000. To our knowledge, we are the only employee-owned company in the UK whose formation and aims are underlined by an Act of Parliament created solely for that purpose.

From 2011, we have actively strengthened our specialist advice offer and our investment capability. We have done so in order to deliver our goal of supporting the creation and growth of businesses built to last. In the 21st century, we believe that means businesses who hold themselves to account against a triple bottom line – that is pursuing profit in a way that builds a responsible future for our planet and the people on it.

In 2013, 30 years on from our move into employee ownership, we have renamed our family of employee-owned businesses simply Baxendale to pay tribute to the courage and vision of our founder Philip Baxendale.