Built By Holding. Grown By Letting Go.
## SUPERSEDED 6 AUGUST 2026. Section V and Daniel's About paragraph have been corrected in place, on 7 August 2026. Both previously ran on the false contrast that the son manufactures where the father imported. Manufacturing began in 2005 under Mark. Nothing in this file now carries that claim. This is still not the version to publish. Current version: /Users/stephenellul/agency-agents/bne-ceo-campaign/01-MANIFESTO.md. It splits the corrected material across sections V and VI, carries the export act in full, and renumbers the old VI to VII.
Mark Bajada, founder, _to confirm_. Daniel Bajada, Group CEO.
Rebuilt 29 July 2026. Two voices. Sourced entirely from Mark's written answers, Daniel's written answers of 22 July 2026, and Daniel's recorded capture of 17 June 2026. Zero placeholders. See MANIFESTO-SOURCE-NOTES.md for sourcing, for the figures needing written sign-off, and for one date discrepancy Stephen must resolve with Mark.
The manifesto
I. 1989
Mark:
"Back in 1989, the choice to import solar panels in Malta when there was no market. Very difficult and challenging, but this had become the modus operandi of our business models. We create business to do business. My resilience and perhaps stubbornness to do something different, and perhaps the gift of having a vision, made me believe that I was doing the right decision. I had no support and I was totally alone, and had left my secure job to fulfil this dream. And I must admit that in the very first months if not years I had failed miserably, but my tenacity and long working hours finally started giving small results. In my case failing was not an option. It had to work, full stop. Business without risks is no business."
Daniel:
That is the whole company, in one paragraph, before I existed.
A man leaves a secure job to sell a product into a country that has no reason to buy it. No support. On his own. And by his own account he failed badly for a long stretch before anything moved.
Everything I have was paid for by someone being willing to be alone and wrong for a while.
I want to be careful about how I say the next part, because it is the point of all of this.
The instinct that built this business is not the instinct that will carry it forward. My father knows that better than I do. It is the reason we are both putting our names to this.
II. What I inherited, and what I had to unlearn
I was nine years old the first time I was given a job in this company.
It was filing. Alphabetical dividers, photocopies, the fax machine. My mother used to answer the office phone with the company name, and I heard it so often that when adults asked me my name, I gave them the company. The office was joined to my grandmother's house, so we went downstairs for lunch.
The part that actually shaped me came later, and it was a punishment.
I was twelve. I had wrecked my exams, twenties and thirties, a genuine disaster. My father decided I was not going anywhere that summer. From July to early September I installed PV panels. Not shadowing a crew. I replaced the installer's assistant, one installer and me, forty degrees, everything more manual than it is today. Twenty euro a day.
Some of those installers are still with us. When I speak to them about the work, I am not guessing, and they know I am not guessing.
I took sales at eighteen, operations at twenty one, the general manager's seat in 2019. So when I say the title is new and the work is not, I mean it literally.
Here is what I had to unlearn.
I ran this business the way I had watched it be run. One person in absolute control, everything on his fingertips, every decision routed through him.
For my father, that was not a management theory. It was the actual condition of 1989. He was alone because there was nobody else. Holding everything was not a preference, it was the job.
I copied the posture without the circumstances.
And it cost me. Three years ago, coming to work felt lonely. It was me, myself and I, against about a hundred people I was trying to convince. You spend the day repeating yourself and chasing people and never reach the goal, because you are standing in front of it. When one person is accountable for everything, nobody is accountable for anything.
My father built this company by carrying it alone. My job is to make sure nobody ever has to again.
III. Two decisions
Every leader gets measured by the call nobody around them agreed with. My father's was commercial. Mine was not.
Daniel:
There is one decision I made that people who were there still talk about.
We had someone delivering real numbers. Hard to argue with on paper. But the way they got there was corrosive. People were afraid to speak up around them, and good people were quietly looking for the door.
When I said we were letting them go, a lot of people around me pushed back, and the logic was obvious. Why remove someone who is performing, in a market where performance is hard to find.
What made me sure was not confidence about the numbers. Short term it probably hurt us. It was that I had seen what happens when you let one person's results excuse how they treat everyone else. You do not only lose that person's output. You lose the standard for everyone underneath them. Once people believe results buy you a pass on behaviour, that belief travels faster than any number you were trying to protect.
I would make the same call again without hesitating. Some of the best people we have today stayed because of it, not despite it.
My father risked his security on a market that did not exist. I risked revenue on a standard I was not willing to lose. He would tell you those are the same decision, and I have come round to thinking he is right.
IV. What each of us reads in a room
Mark:
"Being very much a customer centric person, I constantly try to read the room and look for what needs to be attended and addressed. I am anything but a passive person, with very clear ambitions to grow and become better. Relentlessly. There are several tools I use that give us clear indicators of the health position of both our customers but also equally so our partners and employees, whom without we could never have made it so far. Other basic tools I have used since I started are observing, listening carefully, and being fair and present. Knowledge with ambition is key."
Daniel:
When I walk into a site, the first thing I read is not the numbers on the wall.
It is energy. How people speak to each other. Whether someone stops what they are doing to explain something to me with pride, or goes quiet and waits for me to leave.
I am looking for ownership. Is someone fixing a problem because they noticed it, or because they were told to? Is the newest person on that team being brought into the conversation, or handed a task and left outside it?
And when something needs my attention, it is usually quiet rather than loud. A team that has gone a bit too silent. A manager who has stopped pushing back on me in meetings. A site technically hitting its numbers where nobody looks like they want to be there.
Two different vocabularies for the same discipline. He calls it observing, listening and being present. I call it reading the energy. Neither of us has ever found it in a report.
V. He imported. He manufactured. I am taking it out.
Corrected 6 August 2026. The previous section V ran on "he imported, I manufacture, same instinct". Daniel corrected it on the 4 August call: manufacturing began in 2005, under Mark. The old text was factually wrong and it moved the founder's biggest commercial decision onto his son. It does not get reintroduced in any form. The canonical version of this manifesto, split across sections V and VI, is /Users/stephenellul/agency-agents/bne-ceo-campaign/01-MANIFESTO.md.
Daniel:
This is the part people get wrong about us, and I got it wrong myself for a while.
In 1989 my father imported solar panels because there was no market here. Importing was how you created one. There was nothing local to build on and no demand to serve.
Then in 2005 he started manufacturing. Solar water heaters first. That is twenty years ago now, and it happened long before I had any say in anything. I was nine years old and doing the filing.
I want to be precise about that, because the easy version of this story is that my father bought things in and his son decided to make them instead. It is a tidy contrast and it is not true. He did both. The second one was the harder call and he made it fifteen years in, when the business was comfortable and nobody was asking him to.
What followed was water treatment and desalination. So we design, we manufacture, we install and we operate. On the water side that includes building and programming the control logic ourselves. I have personally done quality control on the stainless steel tanks before they left for a customer, the rolling, the welding, the foaming, all of it.
The reason we do it that way is narrow and practical. If an imported system fails on a Friday afternoon, the supplier is in another country and the lead time is measured in weeks. If we built it, we are on the island, and there is nobody else for the customer to call.
So what is left for me?
We expanded the manufacturing with the intention of exporting it. That is the step I am accountable for. Making it here was my father's answer to a market that had grown up. Selling it off this island is mine.
It is the same instinct three times over. In 1989 the harder thing was importing. In 2005 it was manufacturing. Today it is putting a Maltese-built system into a market that has never heard of us and has no reason to take the call.
My father's words for this were "we create business to do business", and "business without risks is no business". He was describing the habit of doing the harder thing the market has not asked for yet. I did not invent that habit. I inherited it, and I intend to keep paying it forward.
VI. What the name has to mean
Mark:
"The Bajada name has always carried a sense of responsibility and duty for me. My passion and love for what I did made this seem easy, but trust me, it was never easy. Putting your name in the business clearly shows that there are no filters and you have to commit. Over these last decades I always focused my energy on building businesses which are meaningful and have a purpose. My first plan is not to make money, but it is how I will impact other people's lives with what I'm doing. Luckily, apart a few failures which are important to grow, our businesses are very healthy. So to answer the question, I would love to see this passion for innovation and solutions within our group in the next generation."
Daniel:
That last line is the actual handover. Not a title, not a signature on a certificate. A request.
So here is my answer to it.
In ten years I want Bajada to mean something beyond one industry, one island and one generation. Not a name people recognise because it is big, but because of how we got there. That we built things properly, treated people properly, and did not lose our character chasing scale.
What has to change to get there is us. We have to grow up as an organisation without growing cold. Real structure, real governance, leaders at every level who do not need me or my father in the room to make the right call. That means letting go of some of the instincts that got us here, starting with the instinct to hold everything close and do it all ourselves.
I am aware I am saying that about the instincts of the man who built it, with his agreement, in a document we both signed off. That is the least sentimental and most useful thing either of us can do for the people who work here.
The clearest way I can put it is this. I want the third generation to grow up, look at that name, and feel what I feel today looking at what my father built with his hands. Not obligation. Pride. And I want them to feel there is still more to build, not that it is already finished.
He carried it alone so that nobody after him would have to. That is what I am accountable for now. That is why I am taking the seat.
Mark Bajada, _to confirm_
Daniel Bajada, Group CEO
Short version, for Daniel's LinkedIn About section
In 1989 my father left a secure job to import solar panels into a country with no market for them. He was alone, he had no support, and by his own account he failed badly for the first few years before anything moved.
I have been around this company since I was nine, filing invoices. At twelve, after I wrecked my exams, he put me on the roofs installing PV panels for a summer. Some of those installers still work with us. When I talk to them, I am not guessing.
I took sales at eighteen, operations at twenty one, the general manager's seat in 2019, and I am now Group CEO.
For years I ran this business the way I had watched it run, with one person holding everything. For my father that was not a philosophy, it was the condition of 1989. He was alone because there was nobody else. I copied the posture without the circumstances, and it became a ceiling.
My father built this company by carrying it alone. My job is to make sure nobody ever has to again. That means leaders at every level who do not need either of us in the room.
He imported in 1989 because there was no market. He started manufacturing in 2005 once there was, and that was his call, not mine. My job is the next one, which is taking what we build here off this island. And making sure that when a system fails on a Friday afternoon, somebody in Malta still has to answer for it.
Short version, for Mark's LinkedIn About section
I started this in 1989, importing solar panels into a market that did not exist. I had left a secure job, I had no support, and I was totally alone. In the first months, if not years, I failed miserably. Tenacity and long hours eventually gave small results. Failing was not an option. It had to work.
Business without risks is no business.
Everything since has followed the same idea. We create business to do business. I look for a proposition that serves the customer and the company at the same time, and I take balanced risks to venture into what we do best.
The tools I have used since the beginning are simple. Observing. Listening carefully. Being fair and present. Knowledge with ambition is key.
Putting your name in the business shows there are no filters and you have to commit. My first plan was never to make money, it was how I would impact other people's lives with what I am doing.
What I want now is to see that passion for innovation and solutions carried on in the next generation.