Huxley Golf Puts Trust in Employee Ownership
Huxley Golf is entering a new era in its already impressive history.
The well-known specialist supplier and installer of all-weather surfaces for golf, is now owned by an Employee Ownership Trust, following the Huxley family’s decision to provide for the long-term future of the business. The Huxley family has provided funding for the Employee Ownership Trust to purchase 100% of the shares of Huxley (UK) Ltd, which it holds on behalf of employees. The employees continue to run the company and will benefit from sharing the company’s profits.
Paul Chester and Jo Lyon will continue to manage the Huxley Golf business, both becoming Directors. Hugh Fraser, who manages Scotland and the North East of England, has become a Director of the Trust company to represent Huxley staff. Paul Huxley will be staying on for the time being as a Director of Huxley (UK) Ltd and a Director of the Trust company.
Paul Huxley commented: “My father founded the Huxley company nearly seventy-five years ago in 1946 and it has been a very successful family-owned business ever since, largely because we’ve always been blessed with amazing staff. The creation of our Employee Ownership Trust will ensure that, for many years ahead, the Huxley Golf business will retain its independence, culture and values built up over decades, as well as providing long term stability for staff, distributors, suppliers and customers.
“This new and exciting chapter in Huxley Golf’s growth could not have happened without the company being financially strong, with an excellent track record, enviable reputation and first-class team. I am grateful to our three new Directors and to all staff for their support for this important step in the Huxley Golf journey.”
Several hundred British businesses are employee-owned in this way, the best known being The John Lewis Partnership. It’s an innovative and successful formula, which the UK Government is encouraging to boost and incentivise employee ownership.
For over half a century, the name Huxley has been synonymous with premium all-weather golf surfaces and products. Endorsed by the UK’s leading golf organisations as well as many legendary golfers and celebrities and their coaching teams, the Hampshire-based company’s artificial golf surfaces are in use all around the world at top-flight courses, resorts, and training academies. For more information visit www.huxleygolf.com.