TRANSFORMING TRAINING WITH TECHNOLOGY LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. TRANSFORMING TRAINING WITH TECHNOLOGY LIMITED 2018-03-02 → present
2. 3T ENERGY BIDCO LIMITED 2017-10-13 → 2018-03-02
3. TIMEC 1618 LIMITED 2017-08-10 → 2017-10-13

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

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

1. TRANSFORMING TRAINING WITH TECHNOLOGY LIMITED · parent
   1. Survivex Group Limited 100% · UK (5)
   2. Survivex Limited 100% · UK (5)
   3. TMS Oldco Limited 100% · UK (5)
   4. Survivex TMS Limited 100% · UK (5)
   5. Rigex Limited 100% · UK (5)
   6. E-Learnex Limited 100% · UK (5)
   7. 3T Digital Limited 100% · UK (7) · development of software
   8. 3T Transform Limited 100% · UK (1)
   9. 3T Managed Services Limited 100% · UK (1) · dormant company
   10. 3T Workforce Solutions Limited 100% · UK (1) · dormant company
   11. Advanced Industrial Solutions Limited 100% · UK (1) · dormant company
   12. AIS Survivex Limited 100% · UK (1) · dormant company
   13. DS UK Topco Limited 100% · UK (1) · holding company
   14. DS UK Midco 1 Limited 100% · UK (1) · holding company
   15. DS UK Midco 2 Limited 100% · UK (1) · holding company
   16. Drilling Systems Group Limited 100% · UK (1) · holding company
   17. Drilling Systems Limited 100% · UK (1) · dormant company
   18. Drilling Systems (USA) Inc 100% · USA (3) · sales branch
   19. Drilling Systems (UK) Limited 100% · UK (1) · specialist software, control systems, simulation equipment and consultancy
   20. DS Sheet Metal Limited 100% · UK (2) · dormant company
   21. D.S. 2000 Limited 100% · UK (1) · dormant company
   22. 3T Training Services Limited 100% · UK (1) · provision of training services to the energy sector
   23. Speciality Welds Ltd 100% · UK (1) · dormant company
   24. Utility & Construction Training Limited 100% · UK (1) · provision of training services to the utilities
   25. UCT Electrical Limited 100% · UK (1) · dormant company
   26. 3T Training Solutions Limited 100% · UK (1) · dormant company
   27. Neutron VR Limited 100% · UK (1) · dormant company
   28. 3T Connect Limited 100% · UK (1) · dormant company
   29. DSG International DMCC 100% · UAE (4) · trading company
   30. 3T Holdco USA LLC 100% · USA (9) · holding company
   31. 3T Bidco USA LLC 100% · USA (9) · holding company
   32. 3T Training Services Inc 100% · USA (10) · provision of training services
   33. 3T Training Services Online USA LLC 100% · USA (10) · provision of training services
   34. 3T Training Services USA LLC 100% · USA (10) · provision of training services
   35. 3T Training Co LLC 100% · Saudi Arabia · dormant company
   36. 3T Bidco SPV Limited 100% · UAE (11) · holding company
   37. Gulf Technical and Safety training Centre LLC 100% · UAE (12) · provision of training services to the Energy sector
   38. General Technical and Safety Training Centre LLC 100% · Saudi Arabia (13) · provision of training services to the Energy sector
   39. GTSC Commercial Enterprises Investment Institution and Management LLC 100% · UAE (12) · provision of training services to the Energy sector
   40. Gulf Technical and Safety Training Centre LLC 100% · Egypt (14) · provision of training services to the Energy sector
   41. 3T Enermech Limited 50% · UK (8) · holding company
   42. ODITC Inc 34% · Guyana

Significant events

• “In May 2024 a $150m Nordic bond facility was completed with a four-year term to May 2028. This facility enabled the Group to pay down existing debt while providing the required funding for the acquisitions made later in 2024. $100m was drawn with a further $50m available to support future acquisitions.”
• “In June 2024 3t acquired All Stop! a leading safety-critical training business in the US. This business provides a foothold in the USA for the expansion of 3t into the American market.”
• “In September 2024 3t acquired GTSC, the largest energy training business in the Middle East. This business provides a foothold in the Middle East for the expansion of 3t into this market.”
• “In March 2025 3t Global Bidco Plc completed a £10m Revolving Credit Facility with Barclays Bank Plc. This multi-currency facility runs through to November 2027 and will be used to support working capital requirements.”
• “On 1 May 2024, the Group exchanged on the purchase of five properties in Newcastle used to provide training services. Under the terms of agreement, title to these properties will pass at completion, being the earlier of full settlement of the purchase consideration or 1 November 2026 (being 18 months from the date of exchange).”
• “Separately, the Group has exchanged on a sale-and-leaseback of the same properties under a ten-year lease for a disposal consideration of £2.0m plus VAT, less costs. Management expects that completion of the acquisition and disposal will occur simultaneously in April 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11.7%

  £60,346,051 → £67,382,791

• Cash

  +148%

  £1,810,412 → £4,489,854

• Net assets

  -18.3%

  -£61,331,552 → -£72,554,906

• Employees

  -4.1%

  469 → 450

• Operating profit

  +603.2%

  -£494,692 → £2,489,376

• Profit before tax

  -2.7%

  -£11,482,086 → -£11,795,788

• Wages

  +5.3%

  £19,635,519 → £20,681,745

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers