3T GLOBAL HOLDCO LIMITED
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Cash
£3.3m
-26.2% lowest in 3 filed years
Net assets
-£95m
-24.2% lowest in 3 filed years
Employees
512
+13.8% highest in 3 filed years
Profit before tax
-£21m
-47.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
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 | £67,382,791 | £74,202,791 | +10.1% | |
| Operating profit | -£502,926 | £2,330,011 | -£2,109,088 | -190.5% | |
| Profit before tax | -£12,000,013 | -£13,941,565 | -£20,589,614 | -47.7% | |
| Net profit | -£10,973,796 | -£13,557,512 | -£20,573,949 | -51.8% | |
| Cash | £3,914,067 | £4,494,940 | £3,319,335 | -26.2% | |
| Total assets less current liabilities | -£21,166,144 | £100,421,987 | £9,822,911 | -90.2% | |
| Net assets | -£63,471,254 | -£76,797,627 | -£95,385,753 | -24.2% | |
| Equity | -£63,471,254 | -£76,797,627 | -£95,385,753 | -24.2% | |
| 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% | 3.5% | -2.8% | |
| Net margin | -18.2% | -20.1% | -27.7% | |
| Return on capital employed | — | 2.3% | -21.5% | |
| Gearing (liabilities / total assets) | — | 157.9% | 181.2% | |
| Current ratio | 0.24x | 1.23x | 0.28x | |
| Interest cover | -0.04x | 0.14x | -0.11x |
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 3 times since incorporation
- 3T GLOBAL HOLDCO LIMITED 2023-09-25 → present
- 3T ENERGY GROUP LIMITED 2018-02-08 → 2023-09-25
- 3T ENERGY TOPCO LIMITED 2017-10-13 → 2018-02-08
- TIMEC 1620 LIMITED 2017-08-10 → 2017-10-13
Audit & accounting basis
- Accounting basis
- FRS 102
- 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 HOLDCO LIMITED · parent
- 3t Global Midco 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%
Significant events
- “On 18th February 2026, management began a renegotiation process with holders of its senior secured $150m bonds. The purpose of the renegotiation was to consider a waiver of the financial leverage covenants for Q4 2025 and amendments to certain bond terms, including amendments to the leverage ratio covenant to the Bond maturity date and the introduction of a minimum liquidity covenant.”
- “The Company's majority shareholder has lent $10m into the Group pursuant to a new loan note instrument, with a commitment to fund a further $2.5m if liquidity falls below a certain threshold.”
- “As part of the capital raising, on 24th April 2026, existing loan note holders in the Group were given the option to participate in a catch-up funding round in which a proportion of the loan notes issued as part of the capital injection on 3rd March 2026 could be reallocated from the majority shareholder to each loan note holder in line with their holding prior to the capital injection.”
- “On 24 March 2026, a Statutory Demand was received by 3t Global Subco Limited under section 123(1)(a) of the Insolvency Act 1986 ("the Demand") was received.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORRIGAN, Mark Francis | Director | 2018-01-25 | Jul 1958 | British |
| NILSEN, Frode Scott | Director | 2025-11-01 | Mar 1973 | Norwegian |
| SAFIER, Elaine | Director | 2021-12-01 | Oct 1966 | British |
| SOMERVILLE, Martin | Director | 2017-10-19 | Feb 1977 | British |
| TOMA, Ihab Magdy | Director | 2018-01-25 | Feb 1963 | Egyptian |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AZTEC FINANCIAL SERVICES (UK) LIMITED | Corporate Secretary | 2017-10-17 | 2018-01-25 |
| MUCKLE SECRETARY LIMITED | Corporate Secretary | 2017-08-10 | 2017-10-17 |
| BODEN, Martin Brett | Director | 2024-06-01 | 2025-06-30 |
| DAVISON, Andrew John | Director | 2017-08-10 | 2017-10-17 |
| FRANKLIN, Kevin Nigel | Director | 2018-01-25 | 2025-10-31 |
| HARRISON, Paul David | Director | 2017-10-17 | 2018-01-25 |
| HUDSON, Ian Richard | Director | 2018-01-25 | 2018-07-31 |
| MEISSNER, Niels | Director | 2019-11-14 | 2020-04-24 |
| SINCLAIR, Patrick Malcolm Mann | Director | 2019-11-14 | 2024-01-31 |
| STONEBANKS, Paul Malcolm | Director | 2018-01-25 | 2021-03-22 |
| SWORD, Graeme David | Director | 2018-01-25 | 2024-07-05 |
| WHITTINGHAM, James Ronald | Director | 2017-10-17 | 2018-01-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bwei Fund (Guernsey) And Bwei A Fund (Guernsey) Funds Managed By Blue Water Energy Llp | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-10-17 | Ceased 2019-08-23 |
| Muckle Director Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-08-10 | Ceased 2017-10-17 |
Filing timeline
Last 20 of 89 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-17 RESOLUTIONS Resolution
- 2023-09-25 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-05 | AA | accounts | Accounts with accounts type group | |
| 2026-01-16 | SH01 | capital | Capital allotment shares | |
| 2025-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-24 | AA | accounts | Accounts with accounts type group | |
| 2024-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-06 | SH01 | capital | Capital allotment shares | |
| 2024-10-29 | AA | accounts | Accounts with accounts type group | |
| 2024-08-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-09-23 | AA | accounts | Accounts with accounts type group | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-01 | AA | accounts | Accounts with accounts type group | |
| 2022-08-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 1
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.