3T GLOBAL BIDCO PLC
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Cash
£3.3M
-26.1% vs 2024
Net assets
-£86M
-17.3% lowest in 3 filed years
Employees
512
+13.8% highest in 3 filed years
Profit before tax
-£16M
-27% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £60,346,051 | £67,321,373 | £75,673,579 | +12.4% | |
| Operating profit | -£494,692 | £4,544,950 | £3,479,981 | -23.4% | |
| Profit before tax | -£11,482,086 | -£12,392,122 | -£15,739,331 | -27% | |
| Net profit | -£10,455,869 | -£11,928,827 | -£14,922,491 | -25.1% | |
| Cash | £1,810,412 | £4,489,854 | £3,317,819 | -26.1% | |
| Total assets less current liabilities | £92,487,426 | £127,983,489 | £46,609,500 | -63.6% | |
| Net assets | -£61,331,552 | -£73,065,876 | -£85,677,904 | -17.3% | |
| Equity | -£61,331,552 | -£73,065,876 | -£85,677,904 | -17.3% | |
| Average employees | 469 | 450 | 512 | +13.8% | |
| Wages | £19,635,519 | £20,681,745 | £22,313,270 | +7.9% | |
| Directors' remuneration | £514,219 | £554,536 | £683,555 | +23.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -0.8% | 6.8% | 4.6% | |
| Net margin | -17.3% | -17.7% | -19.7% | |
| Return on capital employed | -0.5% | 3.6% | 7.5% | |
| Gearing (liabilities / total assets) | 153.7% | 147.9% | 160.2% | |
| Current ratio | 1.26x | 1.64x | 0.31x | |
| Interest cover | -0.04x | 0.26x | 0.18x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- 3T GLOBAL BIDCO PLC 2024-05-17 → present
- 3T GLOBAL BIDCO LIMITED 2024-03-14 → 2024-05-17
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group, and the companies which are wholly owned, is expected to remain in a strong financial position during the forecast period from the date of signing the financial statements. The Directors are confident of being able to trade for a period of at least 12 months from the approval of the financial statements and have therefore concluded that it is appropriate for the financial statements to be prepared on the going concern basis.”
Group structure
- 3T GLOBAL BIDCO PLC · parent
- Transforming Training With Technology Limited 100%
- Survivex Group Limited 100%
- Survivex Limited 100%
- TMS Oldco Limited 100%
- Survivex TMS Limited 100%
- Rigex Limited 100%
- E-Learnex Limited 100%
- 3t Digital Limited 100%
- 3t Transform Limited 100%
- 3t Managed Services Limited 100%
- 3t Workforce Solutions Limited 100%
- Advanced Industrial Solutions Limited 100%
- AIS Survivex Limited 100%
- DS UK Topco Limited 100%
- DS UK Midco 1 Limited 100%
- DS UK Midco 2 Limited 100%
- Drilling Systems Group Limited 100%
- Drilling Systems Limited 100%
- Drilling Systems (USA) Inc 100%
- Drilling Systems (UK) Limited 100%
- DS Sheet Metal Limited 100%
- D.S. 2000 Limited 100%
- 3t Training Services Limited 100%
- Speciality Welds Ltd 100%
- Utility & Construction Training Limited 100%
- UCT Electrical Limited 100%
- 3t Training Solutions Limited 100%
- Neutron VR Limited 100%
- 3t Connect Limited 100%
- DSG International DMCC 100%
- 3t Holdco USA LLC 100%
- 3t Bidco USA LLC 100%
- 3t Training Services Inc. 100%
- 3t Training Services Online USA LLC 100%
- 3t Training Services USA LLC 100%
- 3t Training Co LLC 100%
- 3t Bidco SPV Limited 100%
- Gulf Technical and Safety Training Centre LLC 100%
- General Technical and Safety Training Centre LLC 100%
- GTSC Commercial Enterprises Investment Institution and Management LLC 100%
- Gulf Technical and Safety Training Centre LLC 100%
- 3t Enermech Limited 50%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEWART, Philip | Secretary | 2024-05-17 | — | — |
| NILSEN, Frode Scott | Director | 2025-11-01 | Mar 1973 | Norwegian |
| SOMERVILLE, Martin | Director | 2024-03-14 | Feb 1977 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BODEN, Martin Brett | Director | 2024-06-01 | 2025-06-30 |
| EID, Patty | Director | 2025-11-17 | 2026-02-02 |
| FRANKLIN, Kevin Nigel | Director | 2024-03-14 | 2025-10-31 |
| SWORD, Graeme David | Director | 2024-03-14 | 2024-07-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 3t Global Midco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-03 | Active |
| 3t Global Subco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-03-14 | Ceased 2026-03-03 |
Filing timeline
Last 20 of 27 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-17 RESOLUTIONS Resolution
- 2024-05-17 RESOLUTIONS Resolution
- 2024-05-17 CERT5 Certificate re registration private to public limited company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-16 | AA | accounts | Accounts with accounts type group | |
| 2026-03-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-03-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-17 | MAR | incorporation | Re registration memorandum articles | |
| 2024-05-17 | CERT5 | change-of-name | Certificate re registration private to public limited company | |
| 2024-05-17 | AUDS | auditors | Auditors statement | |
| 2024-05-17 | AUDR | auditors | Auditors report |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.