BAXI HEATING UK LIMITED
Operating as a subsidiary of the European BDR Thermea Group, the company manufactures and distributes domestic and commercial heating and hot water systems under the Baxi brand.
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Cash
£23m
-34.7% lowest in 3 filed years
Net assets
£652m
+8.7% highest in 3 filed years
Employees
1,207
-5.9% lowest in 3 filed years
Profit before tax
£63m
-15.1% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £347,897,000 | £324,562,000 | £327,509,000 | +0.9% | |
| Operating profit | £41,600,000 | £39,118,000 | £29,127,000 | -25.5% | |
| Profit before tax | £68,057,000 | £74,729,000 | £63,472,000 | -15.1% | |
| Net profit | £50,751,000 | £55,978,000 | £47,760,000 | -14.7% | |
| Cash | £54,358,000 | £35,586,000 | £23,246,000 | -34.7% | |
| Total assets less current liabilities | £588,240,000 | £638,567,000 | £697,733,000 | +9.3% | |
| Net assets | £552,490,000 | £600,218,000 | £652,478,000 | +8.7% | |
| Equity | £552,490,000 | £600,218,000 | £652,478,000 | +8.7% | |
| Average employees | 1,280 | 1,282 | 1,207 | -5.9% | |
| Wages | £50,398,000 | £52,046,000 | £51,173,000 | -1.7% | |
| Directors' remuneration | £711,000 | £607,000 | £604,000 | -0.5% | |
| Highest paid director | £334,000 | £322,000 | £232,000 | -28% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 12.0% | 12.1% | 8.9% | |
| Net margin | 14.6% | 17.2% | 14.6% | |
| Return on capital employed | 7.1% | 6.1% | 4.2% | |
| Gearing (liabilities / total assets) | 21.9% | 20.6% | 19.6% | |
| Current ratio | 5.65x | 6.20x | 6.93x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- BAXI HEATING UK LIMITED 2002-10-11 → present
- BAXI HEATING LIMITED 1999-12-07 → 2002-10-11
- BAXI GOLD LIMITED 1999-11-12 → 1999-12-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Thus, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- BAXI HEATING UK LIMITED · parent
- BDR Thermea Ireland Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRIERLEY, Richard Paul | Secretary | 2024-05-21 | — | — |
| BALDOCK, Jason | Director | 2025-10-01 | Jan 1978 | British |
| INGRAM, Darren James | Director | 2025-09-08 | Jan 1971 | British |
| ROBOTTOM, Christopher David | Director | 2024-03-31 | Jul 1973 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DARLING, Adrian Egerton | Secretary | 2008-04-30 | 2010-11-11 |
| HALL, Vikki | Secretary | 2021-09-20 | 2024-06-14 |
| PERKINS, Michael William | Secretary | 2001-07-27 | 2002-12-31 |
| ROBERTS, Karen Dawn | Secretary | 2010-11-11 | 2019-06-28 |
| ROTHWELL, Peter Jeffrey | Secretary | 1999-11-12 | 2001-07-27 |
| RUSSELL, Tanya | Secretary | 2019-06-28 | 2021-08-06 |
| STRATTON, Malcolm | Secretary | 2002-12-31 | 2008-04-30 |
| ACORNLEY, John Keith | Director | 1999-11-12 | 2000-11-22 |
| BOSWELL, Karen | Director | 2020-09-07 | 2023-11-30 |
| COFFEY, Martyn | Director | 2005-06-03 | 2011-11-30 |
| DARLING, Adrian Egerton | Director | 2008-04-30 | 2012-05-31 |
| DAVIES, Michael Thomas | Director | 2000-11-22 | 2002-07-15 |
| EDWARDS, Mark John | Director | 2002-11-28 | 2008-01-16 |
| EDWARDS, Mark John | Director | 2000-11-22 | 2002-07-15 |
| EPERJESI, Louis Leslie Alexander | Director | 2002-11-28 | 2003-10-23 |
| GRAY, Bryan Mark | Director | 1999-11-12 | 2000-11-22 |
| HANNAH, Alan Grant | Director | 2001-04-11 | 2005-05-11 |
| KELLY, Mark Jonathan Warwick | Director | 2008-05-19 | 2012-01-11 |
| MOSS, Paul Thomas | Director | 2000-12-11 | 2016-12-31 |
| OLIVER, Simon Charles | Director | 2016-12-31 | 2024-03-31 |
| PINDER, David Stuart | Director | 2013-04-22 | 2020-09-30 |
| RIJNEN, Johannes Cornelis Adrianus Maria | Director | 2023-11-30 | 2025-10-01 |
| VAN OOIJEN, Jan Roelf | Director | 2012-01-01 | 2020-09-30 |
| NEWMOND ADMINISTRATION LIMITED | Corporate Director | 2002-07-15 | 2004-02-13 |
| NEWMOND MANAGEMENT SERVICES LIMITED | Corporate Director | 2002-07-15 | 2004-02-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Baxi Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-28 | Active |
| Baxi Potterton Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-10-21 | Ceased 2023-02-28 |
Filing timeline
Last 20 of 191 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-12 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2023-03-07 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-03-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.