RCR Tomlinson
| ASX: RCR | |
| Industry | Engineering |
| Founded | 1898 |
| Founder | Ernest Tomlinson Edward Tomlinson |
| Headquarters | , Australia |
Area served | Asia Australasia |
Key people | Bruce James (CEO) |
| Revenue | $2.0 billion (2017/18) |
| Owner | Perpetual (14%) Pendal Group (9%) |
Number of employees | 3,400 (November 2018) |
| Divisions | Energy Infrastructure Resources |
| Subsidiaries | Haden O'Donnell Griffin Resolve FM |
| Website | www.rcrtom.com.au |
RCR Tomlinson is a failed Australian multi-disciplined engineering company.
History[]
In 1898, Tomlinson Bros was founded as an engineering company in Perth by Ernest and Edward Tomlinson.[1] In 1951 the company was floated.[2][3]
In 1981, Clyde Engineering that already held a 63% shareholding, launched a successful takeover bid.[4][5] In 1985 with a lack of work, Clyde proposed to close the business, however it was rescued in a management buyout.[6] In December 1996 RCR Tomlinson was formed when RCR Engineering and Tomlinson Bros merged.[3]
In the 2000s, it diversified into solar power projects.[7]
In November 2018, RCR Tomlinson was placed in voluntary administration.[8][9][10] The collapse came just three months after it had received a $100 million capital injection.[7] In December 2018, the O'Donnell Griffin rail business was sold to John Holland.[11]
It appears the Company was trading insolvent for many months before the collapse and investigations into the Directors are ongoing.[12]
References[]
- ^ Tomlinson and Co Southern Cross Times 1 July 1939
- ^ Tomlinson Steel The West Australian 22 June 1951 page 8
- ^ a b Our History RCR Tomlinson
- ^ In Brief Canberra Times 11 April 1981 page 22
- ^ Tomlinson Steel Limited Delisted Companies
- ^ Staff and unions rescue company Canberra Times 14 September 1985 page 9
- ^ a b RCR Tomlinson administrators reveal debts of up to $630m from collapsed engineering firm ABC News 4 December 2018
- ^ RCR Tomlinson to be split up and sold after staggering collapse Australian Financial Review 22 November 2018
- ^ Circular to Suppliers McGrath Nicol 22 November 2018
- ^ Engineering firm RCR Tomlinson goes into administration ABC News 23 November 2018
- ^ John Holland buys RCR Tomlinson rail unit through administrators McGrathNicol The West Australian 21 December 2018
- ^ "RCR Tomlinson insolvent weeks before administration". 19 April 2020.
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- Companies based in Sydney
- Companies formerly listed on the Australian Securities Exchange
- Construction and civil engineering companies established in 1898
- Engineering companies of Australia
- Defunct rolling stock manufacturers of Australia
- Solar energy companies
- 1898 establishments in Australia
- Australian company stubs