3T GLOBAL BIDCO PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-27 (in 10mo)
Last made up 2026-03-13
Watchouts
Cash
£4M
Latest balance sheet
Net assets
-£73M
Equity attributable
Employees
450
Average over period
Profit before tax
-£13M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £60,346,051 | £67,382,791 | |
| Operating profit | -£494,692 | £2,489,376 | |
| Profit before tax | -£11,482,086 | -£12,691,994 | |
| Net profit | -£10,455,869 | -£12,307,941 | |
| Cash | £1,810,412 | £4,489,854 | |
| Total assets less current liabilities | £73,604,584 | £110,118,436 | |
| Net assets | -£61,331,552 | -£73,444,989 | |
| Equity | -£61,331,552 | -£73,444,989 | |
| Average employees | 469 | 450 | |
| Wages | £19,635,519 | £20,681,745 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -0.8% | 3.7% | |
| Net margin | -17.3% | -18.3% | |
| Return on capital employed | -0.7% | 2.3% | |
| Gearing (liabilities / total assets) | 165.2% | 155.8% | |
| Current ratio | 1.33x | 1.89x | |
| Interest cover | -0.04x | 0.16x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The projections prepared by the Directors show that the 3t Global Bidco PLC Group will generate sufficient cash from trading to meet the payment of these liabilities.”
Group structure
- 3T GLOBAL BIDCO PLC · parent
- Drilling Systems (UK) Limited 100%
- 3t Training Services Inc. 100%
- 3t Training Services Limited 100%
- 3t Digital Limited 100%
- Gulf Technical and Safety training Centre LLC 100%
Significant events
- “In May 2024 the Company raised a Senior Secured USD150 million Nordic Bond with USD100 million drawn, a four-year facility repayable in May 2028.”
- “Gulf Technical and Safety Training Centre (GTSC): Acquired in September 2024, GTSC operates state-of-the-art training centres in Abu Dhabi, Saudi Arabia and Egypt.”
- “ALL STOP! Survival and Safety Training: Acquired in June 2024, ALL STOP! has been rebranded as 3t Training Services - Houston.”
- “In May 2024 3t Global Bidco became a listed entity on the Nordic ABM.”
- “The Company was incorporated on 14 March 2024. On 21 March 2024 the company acquired 100% of the share capital of Transforming Training with Technology Ltd.”
- “On 1 May 2024, the Group exchanged on the purchase of five properties in Newcastle used to provide training services.”
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 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-17 RESOLUTIONS Resolution
- 2024-05-17 CERT5 Certificate re registration private to public limited company
- 2024-05-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | BS | accounts | Accounts balance sheet | |
| 2024-05-17 | AUDR | auditors | Auditors report | |
| 2024-05-17 | AUDS | auditors | Auditors statement | |
| 2024-05-17 | CERT5 | change-of-name | Certificate re registration private to public limited company | |
| 2024-05-17 | MAR | incorporation | Re registration memorandum articles | |
| 2024-05-17 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31