UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

                         Commission File Number: 0-25668

                                   ----------

(Check One):           [ ]  Form 10-K and Form 10-KSB
                       [X]  Form 10-Q and Form 10-QSB
                       [ ]  Form 20-F     [ ]  Form 11-K     [ ] Form N-SAR

For Period Ended: December 31, 2000


[ ] Transition Report on Form 10-K         [ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K         [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR

For the Transition Period Ended:

If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:

                         PART I - REGISTRANT INFORMATION

                            Global Technologies, Ltd.
                            -------------------------
                             Full Name of Registrant


                            -------------------------
                            Former Name if Applicable


                 The Belgravia, 1811 Chestnut Street, Suite 120
            ---------------------------------------------------------
            Address of Principal Executive Office (Street and Number)


                             Philadelphia, PA 19103
                            ------------------------
                            City, State and Zip Code

                        PART II - RULES 12b-25(b) and (c)

     If the subject  report could not be filed  without  unreasonable  effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed. (Check box if appropriate)

     [X]  (a)  The reasons  described in  reasonable  detail in Part III of this
               form  could  not be  eliminated  without  unreasonable  effort or
               expense;

     [X]  (b)  The subject annual report,  semi-annual report, transition report
               on Form 10-K, Form 20-F,  11-K,  Form N-SAR, or portion  thereof,
               will be filed on or before the  fifteenth  calendar day following
               the  prescribed  due date;  or the  subject  quarterly  report or
               transition  report on Form 10-Q, or portion thereof will be filed
               on or before the fifth  calendar day following the prescribed due
               date; and

     [X]  (c)  The  accountant's  statement  or other  exhibit  required by rule
               12b-25(c) has been attached if applicable.

                              PART III - NARRATIVE

     State  below in  reasonable  detail the  reasons why the Form 10-K and Form
10-KSB,  11-K, 20-F, 10-Q and Form 10-QSB,  N-SAR, or other transition report or
portion thereof, could not be filed within the prescribed period.

     The Company's  Quarterly Report on Form 10-QSB for the fiscal quarter ended
December  31, 2000 cannot be filed  within the  prescribed  time period  without
unreasonable effort and expense due to certain financing  transactions which the
Company  entered  into during the second  quarter  ended  December  31, 2000 and
subsequent  thereto  which have  complex  accounting  treatments  and  financial
statement  disclosures that are new to the Company. The Company also engaged new
independent accountants on February 5, 2001. The Quarterly Report on Form 10-QSB
will be filed no later than the 5th calendar day  following the  prescribed  due
date.

                           PART IV - OTHER INFORMATION

     (1) Name and  telephone  number  of  person  to  contact  in regard to this
notification:

         S. Lance Silver, Esq.            215               972-8191
         ---------------------------------------------------------------
                 (Name)               (Area Code)      (Telephone Number)

     (2) Have all other periodic  reports  required under Section 13 or 15(d) of
the Securities  Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940  during the  preceding  12 months (or for such  shorter  period that the
registrant  was  required to file such  reports),  been filed.  If answer is no,
identify report(s). YES [X]  NO [ ]

                                       2

     (3) Is it anticipated that any significant  change in results of operations
from the corresponding  period for the last fiscal year will be reflected by the
earnings statement to be included in the subject report or portion thereof?
YES [X] NO [ ]

     If so, attach an explanation of the anticipated  change,  both narratively,
and, if appropriate,  state the reasons why a reasonable estimate of the results
cannot be made.

     For the  quarter  ended  December  31,  2000,  the  Company  anticipates  a
significant change in results of operations from the corresponding quarter ended
December  31,  1999.  The  Company's  conclusion  is based  primarily on several
non-operating  items  being  recorded  in  the  current  quarter.   The  Company
anticipates that gains associated with the sales of investment  securities and a
legal  settlement  will offset  losses  associated  with the  disposals of fixed
assets and a substantial  increase in interest expense.  However, the Company is
currently  finalizing its analysis of the  impairment of assets  utilized in its
lottery  operations,  and has not  determined  if any charge is necessary or the
amount of such charge.  Also, due to the complex nature of second fiscal quarter
financial  transactions  and subsequent  events as noted in Part III above,  the
Company is finalizing the effect of these transactions on the current quarter.


                                    SIGNATURE


                            Global Technologies, Ltd.
                  --------------------------------------------
                  (Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.




Date: February 13, 2001          By: /s/ Patrick J. Fodale
                                     ------------------------------------------
                                     Patrick J. Fodale
                                     Vice President and Chief Financial Officer


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Global Technologies, Ltd.
The Belgravia
1811 Chestnut Street, Suite 120
Philadelphia, PA 19103

Ladies and Gentlemen:

Pursuant  to  Rule  12b-25  of the  General  Rules  and  Regulations  under  the
Securities  Exchange  Act of 1934,  we inform you that we have been  furnished a
copy of Form  12b-25  to be  filed  by  Global  Technologies,  Ltd.  on or about
February 13, 2001, which contains notification of the registrant's  inability to
file its Quarterly  Report on Form 10-QSB by February 14, 2001. We have read the
Company's  statements contained in Part III therein and we agree with the stated
reasons as to why we have been  unable to  complete  our audit and report on the
financial  statements for the quarter ended December 31, 2000, to be included in
Form 10-QSB.

Very truly yours,

/s/ BDO SEIDMAN LLP

BDO SEIDMAN LLP

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