SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


        Date of report (Date of earliest event reported) March 24, 2001



                            Global Technologies, Ltd.
             (Exact Name of Registrant as specified in its charter)


          Delaware                    0-25668                    86-0970492
(State or other jurisdiction        (Commission                (IRS Employer
     of incorporation)              File Number)             Identification No.)


The Belgravia, 1811 Chestnut Street, Suite 120, Philadelphia, PA        19103
           (Address of Principal Executive Offices)                   (Zip Code)


       Registrant's telephone number, including area code (215) 972-8191



          (Former Name or Former Address, if Changed Since Last Report)

                    INFORMATION TO BE INCLUDED IN THIS REPORT

ITEM 5. OTHER EVENTS

     On March 24, 2001,  The Network  Connection,  Inc.,  a Georgia  corporation
("TNCi") and an  approximately  70% subsidiary of Global  Technologies,  Ltd., a
Delaware  corporation (the "Registrant"),  filed a voluntary petition for relief
under  Chapter 11 of Title 11 of the United  States Code with the United  States
Bankruptcy Court for the Eastern District of Pennsylvania, in Philadelphia.  The
case number is 01-14306.  TNCi  continues  to maintain  its assets,  operate its
businesses  and manage its  affairs as a  debtor-in-possession  pursuant  to the
provisions of the Bankruptcy Code.

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                                   SIGNATURES


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                        GLOBAL TECHNOLOGIES, LTD.



Dated: April 4, 2001                    By: /s/ Irwin L. Gross
                                            ------------------------------------
                                            Name: Irwin L. Gross
                                            Title: Chairman and
                                            Chief Executive Officer

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