8-K/A

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 8-K/A

                                 CURRENT REPORT
                                (Amendment No. 1)

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


       Date of report (Date of earliest event reported) February 5, 2001


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


        Delaware                        0-25668                  86-0970492
(State or other jurisdiction    (Commission File Number)       (IRS Employer
    of incorporation)                                        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 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

     KPMG LLP was previously the principal  accountant for Global  Technologies,
Ltd. On February 5, 2001,  Global received  notification  from KPMG LLP that the
client-auditor  relationship  had ceased.  On February  12, 2001 Global  filed a
Report on Form 8-K indicating the termination of the client-auditor relationship
and that during the fiscal year ended June 30, 2000, the Transition Period ended
June 30, 1999 and the fiscal year ended October 31, 1998 and the interim periods
subsequent to June 30, 2000 through termination of the relationship,  there were
no  disagreements  between  Global and KPMG LLP as to any  matter of  accounting
principles  or  practices,  financial  statement  disclosure,  or audit scope or
procedure.

     Attached  as Exhibit 1 to this Report on Form 8-K is a letter from KPMG LLP
in response to the Report on Form 8-K dated February 12, 2001.

                                   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: February 22, 2001                By: /s/ Patrick J. Fodale
                                           -------------------------------------
                                           Name: Patrick J. Fodale
                                           Title: Vice President and
                                                  Chief Financial Officer

EX-1

                                                                       Exhibit 1

February 21, 2001


Securities and Exchange Commission
Washington, D.C.

Ladies and Gentlemen:

We were previously principal accountants for Global Technologies, Ltd. and under
date of  September  27,  2000,  except for Note 20(f)  which is as of October 4,
2000, we reported on the  consolidated  balance  sheets of Global  Technologies,
Ltd. and subsidiaries as of June 30, 2000 and 1999 and the related  consolidated
statements of operations, stockholders' equity and comprehensive income and cash
flows for the year ended June 30,  2000,  the  Transition  period ended June 30,
1999 and the year ended  October 31, 1998.  On February 1, 2001, we were advised
by Global Technologies,  Ltd. that our appointment as principal  accountants was
terminated. We have read Global Technologies,  Ltd.'s statements contained under
Item 4 of its  Form  8-K  dated  February  12,  2001,  and we  agree  with  such
statements,  except  that we are not in a  position  to agree or  disagree  with
Global  Technologies,  Ltd.'s  statements that the change and appointment of BDO
Seidman,  LLP, was approved by the Board of Directors of the Company, nor are we
in a position to agree or disagree with Global  Technologies,  Ltd.'s  statement
that they received on February 5, 2001 our  confirmation  of  termination  dated
February  1, 2001,  nor are we in a position  to agree or  disagree  with Global
Technologies,  Ltd.'s statement that BDO Seidman, LLP was not consulted prior to
its engagement regarding the application of accounting principles to a specified
transaction   or  the  type  of  opinion   that  might  be  rendered  on  Global
Technologies, Ltd.'s financial statements.


                                          /s/ KPMG LLP