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RCR Tomlinson

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RCR Tomlinson
ASXRCR
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

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