RCR Tomlinson

RCR Tomlinson is a failed Australian multi-disciplined engineering company.

RCR Tomlinson
Traded asASX: RCR
IndustryEngineering
Founded1898
FounderErnest Tomlinson
Edward Tomlinson
Headquarters,
Australia
Area served
Asia
Australasia
Key people
Bruce James (CEO)
Revenue$2.0 billion (2017/18)
OwnerPerpetual (14%)
Pendal Group (9%)
Number of employees
3,400 (November 2018)
DivisionsEnergy
Infrastructure
Resources
SubsidiariesHaden
O'Donnell Griffin
Resolve FM
Websitewww.rcrtom.com.au

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]

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References


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