U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                         Commission File Number 000-25637

                           NOTIFICATION OF LATE FILING

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

      For the Period Ended: March 31, 2001

      [ ]  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: ________________

      Read attached  instruction  sheet before  preparing form.  Please print or
type.

      Nothing in this form shall be construed to imply that the  Commission  has
verified any information contained herein.

      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

                           THIRD BUSINESS SERVICE GROUP, INC.
                             Full Name of Registrant

                               2503 W. Gardner St.
            Address of Principal Executive Office (Street and Number)

                                 Tampa, FL 33611
                            City, State and Zip Code


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                                     PART II
                             RULE 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.)

            (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,  Form 11-K or Form N-SAR,  or
                  portion  thereof will be filed on or before the 15th  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

            (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 why the Form 10-K, 11-K, 20-F 10-Q, N-SAR or
the transition report portion thereof could not be filed within the prescribed time
period.

(Attach extra sheets if needed.)

        Third Business Service Group Inc. (the "Company"), could not file its Form
10-QSB for the quarter ended March 31, 2001 within the prescribed time period because the
Company's auditors have not completed their review of the financial statements.

                                     PART IV

                                OTHER INFORMATION

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

                         Michael T. Williams, President
                                 (813) 831-9348           
                      (Name) (Area Code) (Telephone Number)

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(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 report(s) been filed? If the answer is no, identify report(s).
                [X] Yes [ ] No

(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
statements 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 quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

        Third Business Service Group, Inc. has caused this notification to be signed on its
behalf by the undersigned officer, thereunto duly authorized.

Date: May 15, 2001                  Third Business Service Group, Inc.

                                    By: /s/ Michael T. Williams

                                    Title:  President

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