Trafalgar House
Trafalgar House plc was a conglomerate with interests in property investment, property development, engineering, construction, shipping, hotels, energy and publishing.
1957 Incorporated as a private company Eastern International Property Investments Ltd[1]
1962 Name changed to Trafalgar House Ltd
1963 Public company incorporated, for purposes of property development and investment; the company owned several subsidiaries and a substantial property portfolio.
1966 Shares traded publically
1967 Acquired Ideal Homes
1968 Acquired Trollope and Colls, builder and property developer[2]
1970 Acquired The Cementation Co[3] and several London hotels.
1973 Brought all of its offshore supply activities into one division: Offshore Marine[5]
1974 Sold several subsidiaries which made concrete pipes[6]
1976 Acquired Clark and Fenn building products group[7]
1982 Bought Redpath Dorman Long from British Steel for £10 million. Unions representing the 3,200 RDL workforce feared for major job losses.[8] Eventually merged with Cleveland Bridge and Engineering Co. From the 1st October the structural engineering division was controlled under the collective umbrella of Cleveland Redpath Engineering Holdings.[9]. Sold Fleet Holdings, the newspaper interests.
1984 A consortium of Trafalgar House and Howard Doris took over the Scott-Lithgow yard for £12m on 28th March, which constructed oil-rigs.
1986 Having contributed to the refinancing of the engineering company John Brown, agreed a take-over of the whole company[10].
1989 Acquired 40 percent interest in BREL. Demerged Hardy Oil and Gas Co interests
1991 Trafalgar House raised money through a rights issue to buy Davy Corporation which was loss-making[11]. Sold 2 of its subsidiaries, Expanded Piling and Lloyds British Testing Co[12]
1992 Sold BREL stake
1994 Trafalgar House consisted of four main businesses: John Brown Engineering, John Brown Engineers and Constructors, Davy International and Trafalgar House Offshore.[13]
1995 Sold Ritz Hotel in London
1996 Sold Ideal Homes
1996 Acquired by the Norwegian-based Kvaerner Group[14]
See Also
Sources of Information
- ↑ The Times, Jul 17, 1963
- ↑ The Times, Jan 30, 1968
- ↑ Wikipedia
- ↑ The Times, Aug 03, 1971
- ↑ The Times, Jan 25, 1973
- ↑ The Times Aug 03, 1974
- ↑ The Times Jun 26, 1976
- ↑ The Engineer 1982/04/22
- ↑ The Engineer 1982/09/23
- ↑ The Times, May 08, 1986
- ↑ The Times June 26, 1991
- ↑ The Times. (Oct. 9, 1991)
- ↑ CIO 1994/05/15 p56
- ↑ The Times Aug. 13, 1996
- [1] Wikipedia
- The Times Mar. 4, 1996