TCREUR_Public/040831.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Tuesday, August 31, 2004, Vol. 5, No. 172

                            Headlines

G E R M A N Y

BREMER FORMTEILE: Files for Bankruptcy
GLOBEX HANDELSAGENTUR: Deadline for Filing Claims October 7
INFINEON TECHNOLOGIES: New CEO Takes over Helm Tomorrow
K. BARKEY: Deadline for Filing Claims September 27
MBH MULLER: Files for Bankruptcy After Missing Debt Payment

MID MEDIEN: Bankruptcy Proceedings Begin
N.E.U.E THEATER: Exits Bankruptcy
NORDEX AG: Nine-month Operating Loss Down 60% Year-on-year
SCP GERMANY: Public Auction of Assets Set September 8
WESTLB AG: Tui Stake Could Fetch EUR900 Million, Says Report
WESTLB AG: Terra Firma Snares Odeon Cinema Chain
ZK ZEITARBEIT: Completes Distribution of Claims


I T A L Y

ALITALIA SPA: Italian Aviation Authority Recalls Fare Hike Order
FIAT SPA: Pirates Volkswagen's Italian Head
GIANNI VERSACE: Names Outsider as Chief Executive


N E T H E R L A N D S

ROYAL AHOLD: Supervisory Board Chairman Resigns
ROYAL SHELL: Law Firm Mulls Auditors' Inclusion in Class Suit


R U S S I A

AGGREGATE FACTORY: Omsk Court Appoints Insolvency Manager
AUTO-AGGREGATE: Under Bankruptcy Supervision
HOTEL VORKUTA: Proofs of Claim Deadline Expires September 16
KOLYSHLEYSKY FACTORY: Deadline for Proofs of Claim September 16
KOSTENETSKY OPEN: Vladimir Court Opens Bankruptcy Proceedings

MIASSKIY DAIRY: Creditors Have Until September 16 to File Claims
NIZHNEVARTOVSKOYE BUILDING: Declared Insolvent
NORTH: Insolvency Manager Takes over Helm
NORTH STAR: Court Sets October 26 Hearing
OIL PROCESSING: Penza Court Affirms Insolvency

PECHORSKY FISH-BREEDING: Proofs of Claim Deadline September 16
PLANETA: Names Y. Romanov Insolvency Manager
REM-STROY-DETAL: Gives Creditors Until Next Month to File Claims
RUBBER TECHNICAL: Undergoes Bankruptcy Supervision Procedure


U K R A I N E

AMETIST: Names Oleksij Sisoyev Liquidator
AUTO 11425: Proofs of Claim Deadline September 5
HARKIVLIFT: Under Bankruptcy Supervision
INTRADE GROUP: Zaporizhya Court Opens Bankruptcy Proceedings
KRASNE: Vinnitsya Economic Court Affirms Insolvency

ODESA' BIRD: Under Bankruptcy Supervision
PRISLUCHANSKE: Hmelnitskij Prescribes Bankruptcy Procedure
SADKO: Bankruptcy Proceedings Begin
TISSA: Kyiv Commences Bankruptcy Proceedings


U N I T E D   K I N G D O M

ACADEMY BUSINESS: Sets General Meeting September 30
ACROBAT DISPLAYS: Liquidator to Present Report September 23
ANI CORPORATION: Final Report of Liquidator Out September 24
AYR UNITED: May Collapse Unless Creditors Approve CVA
BEAR WEST: Members Agree to Wind up Business

BEAUMONT PUBLISHING: Members, Creditors Meeting Set September 28
BRITISH ENERGY: Drafts Trading Expert David Pryde
CEMENT MIX: Director Receives Six-year Ban
COMMUNICATIONS TEAM: Creditors Meeting Set September 3
D & J ASSOCIATE: Members, Creditors Meeting Set September 22

FABPLAS LIMITED: Liquidator's Final Report Out September 28
FOULKES AND LIST: Director Responsible for Collapse Banned
ILFORD IMAGING: Receivers Axe 330 Workers to Make Sale Viable
INIFER POTTER: Begbies Traynor Hosting Members Final Meeting
INTERNATIONAL IMPORT: Members Final Meeting September 27

ION AP: Biddy Factors Brings in Receiver from Tait Walker
KENNAMETAL HERTEL: Appoints Liquidator from Stoy Hayward
LAURENCE DYER: Mazars to Present Final Report September 30
MANCOR LTD.: Final Members Meetings September 23
MARK WARD: PwC to Give Final Liquidation Update September 27

MUNRADTECH LIMITED: Names HKM Administrator
ON-TRAC: Creditors Meeting Set September 2
ORION FOOTWEAR: Hires Baker Tilly Liquidator
POTTERS CHILDRENS: Business for Sale
ROOSEVELT PARK: Members, Creditors Meeting September 21

SKYLIGHT LIMITED: Calls in Liquidator from Royce Peeling Green
SPERO COMMUNICATIONS: Extraordinary Winding up Resolution Passed
TDSE UK: Hires PricewaterhouseCoopers Liquidator
U.K. TELCOM: Names Liquidator from Hurst Morrison Thomson
UNIFURNACES (HOLDINGS): Sets General Meeting September 6

UNITED BISCUITS: Ratings Cut to 'B'; Outlook Stable
VERTIGO CLADDING: Members, Creditors Meeting Set September 24
WIDNES PLANT: Members Pass Winding up Resolutions
ZONEWEB LIMITED: Execs Get Temporary Ban from Holding Office

* Large Companies with Insolvent Balance Sheets


                            *********


=============
G E R M A N Y
=============


BREMER FORMTEILE: Files for Bankruptcy
--------------------------------------
Bremer Formteile GmbH applied for bankruptcy proceedings before
the district court of Bremen on August 13.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until October 7 to register their
claims with court-appointed provisional administrator Jan H.
Wilhelm.

Creditors and other interested parties are encouraged to attend
the meeting on October 7, 2004 at the district court of Bremen
at which time the administrator will present his first report of
the insolvency proceedings.  The court will examine creditors'
claims on November 1, 2004 at 10:00 a.m.

CONTACT:  BREMER FORMTEILE GMBH
          Waterbergstr. 11, 28237
          Bremen (AG Bremen, HRB 19088) vertr. D

          Jan H. Wilhelm
          Insolvency Manager
          Am Radeberg 1, 28717 Bremen
          Phone: 0421/178765
          Fax: 0421/1787665

          DISTRICT COURT OF BREMEN
          Saal 115, Gerichtshaus (Neubau)
          Ostertorstr. 25-31, 28195 Bremen


GLOBEX HANDELSAGENTUR: Deadline for Filing Claims October 7
-----------------------------------------------------------
Globex Handelsagentur und Kapitalanlagen-
Vermittlungsgesellschaft mbH applied for bankruptcy proceedings
before the district court of Lubbecke on August 19.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until October 7 to register their
claims with court-appointed provisional administrator Joachim
Walterscheid.

Creditors and other interested parties are encouraged to attend
the meeting on October 28, 9:45 a.m. at the district court of
Bielefeld at which time the administrator will present his first
report of the insolvency proceedings.

CONTACT:  Globex Handelsagentur und Kapitalanlagen-
          Vermittlungsgesellschaft mbH
          Sparrow ways 5, 32278 Kirchlengern

          The Managers
          Kaola Rurup
          Amtsweg 92, 32609 Hullhorst

          Achim Rurup
          Buttendorfer Str. 249, 32609 Hullhorst

          Joachim Walterscheid, Insolvency Manager
          Am Kurpark 2, 32545 Bad Oeynhausen

          The District Court of Bielefeld
          Court street 6, 33602 Bielefeld,
          4th plain, Hall 4065


INFINEON TECHNOLOGIES: New CEO Takes over Helm Tomorrow
-------------------------------------------------------
Wolfgang Ziebart will become Chief Executive Officer at Infineon
Technologies effective September 1, taking over the ambitious
plans of his predecessor.

The Financial Times says Mr. Ziebart, former deputy head of tire
maker Continental, faces a tough job of keeping the company
profitable after years of continued losses.  The market for its
product is slow-growing, while investments required to stay
ahead in the fast-moving electronics industry is high.  There is
recently an upturn in demand, but analysts say this could be
short-lived.  Mr. Ziebart must keep the costs of producing the
D-Ram chips -- used for computer memory that generates 40% of
Infineon's sales -- low.  He must also handle delicately his
relationship with Infineon's highly critical board, and balance
pursuit of growth and profitability.

His predecessor, Ulrich Schumacher, had hoped to make Infineon
the world's fourth largest and second-most profitable chipmaker.
The report said the plan could force the company's management to
consider potentially radical changes in the coming years.
Infineon expects to post earnings for this financial year ending
September of EUR500 million before interest and tax.
Discounting EUR212 million in provisions for potential fines
related to price-fixing investigations, what is left is small
compared to investment requirements to keep its technology up-
to-date.

According to the report, experts expect global chip sales to
rise by more than a quarter this year but much less rapidly in
2005; some forecast a slight reduction for 2006.

CONTACT:  INFINEON TECHNOLOGIES AG
          St.-Martin-Str. 53
          81669 Munich, Germany
          Phone: +49 89 234 0
          Fax:   +49 89 234 2 84 82
          Web site: http://www.infineon.com


K. BARKEY: Deadline for Filing Claims September 27
--------------------------------------------------
K. Barkey Gesellschaft applied for bankruptcy proceedings before
the district court of Dortmund on August 20.  The filing
automatically stayed all pending proceedings against the
company.  Creditors have until September 27 to register their
claims with court-appointed provisional administrator Dr.
Winfrid Andres.

Creditors and other interested parties are encouraged to attend
the meeting on October 29, 2004 at 9:00 a.m. at the district
court of Dortmund at which time the administrator will present
his first report of the insolvency proceedings.

CONTACT:  K. BARKEY GESELLSCHAFT
          Lindemannstr. 13
          44137 Dortmund

          Dr. Winfrid Andres
          Insolvency Administrator
          Neuer Zollhof 3
          40221 Dusseldorf

          DISTRICT COURT OF DORTMUND
          Gerichtsplatz 1, 44135 Dortmund
          II. Etage Saal 3.201


MBH MULLER: Files for Bankruptcy After Missing Debt Payment
-----------------------------------------------------------
MBH Muller Baustoff-und HolzgroBhandlung GmbH applied for
bankruptcy proceedings before the district court of Erfurt on
August 18 after defaulting on debt repayments.  The procedure
was initiated upon the filing of a request on June 3, 2004.  The
filing automatically stayed all pending proceedings against the
company.  Creditors have until October 13 to register their
claims with court-appointed provisional administrator
Rechtsanwalt BloB.

Creditors and other interested parties are encouraged to attend
the meeting on October 27, 2004, 9:00 a.m. at the district court
of Erfurt at which time the administrator will present his first
report of the insolvency proceedings.

CONTACT:  MBH MULLER BAUSTOFF-UND HOLZGROBHANDLUNG GMBH
          Hinter dem Wahle
          99439 Berlstedt

          Rechtsanwalt Blob
          Insolvency Administrator
          Charlottenstr. 7, 99096 Erfurt

          DISTRICT COURT OF ERFURT
          Justizzentrum, Rudolfstr. 46,
          99092, Saal 6


MID MEDIEN: Bankruptcy Proceedings Begin
----------------------------------------
MID Medien Informationsdesign GmbH applied for bankruptcy
proceedings before the district court in Dortmund on August 20,
2004.  The filing automatically stayed all pending proceedings
against the company.  Creditors have until September 28 to file
their claims with provisional insolvency administrator Dr.
Winfried Andres.

Creditors and other interested parties are encouraged to attend
a meeting on November 9, 2004, 10:20 a.m. at the district court
of Dortmund at which time the administrator will present his
first report of the insolvency proceedings.

CONTACT:  MID Medien Informationsdesign GmbH
          Friedensstr. 41-43, 44139 Dortmund

          Stephanie Ebenau, MID Medien Manager
          Am Wasserturm 54, 45527 Hattingen

          Dr. Winfrid Andres, Insolvency Administrator
          Neuer Zollhof 3, 40221 Dusseldorf
          Phone: 0211/69076969
          Fax: 69 07 69-70

          The District Court of Dortmund
          Gerichtsplatz 1, 44135 Dortmund,
          II. Etage, Saal 3.201


N.E.U.E THEATER: Exits Bankruptcy
---------------------------------
The district court of Bochum concluded the insolvency proceeding
of N.e.U.e Theater Verwaltungsgesellschaft Bochum mbH following
the final distribution of claims to creditors.  N.e.U.e sets up
theaters using IMAX technology.

CONTACT:  N.E.U.E THEATER VERWALTUNGSGESELLSCHAFT BOCHUM MBH
          ViktoriastraBe 29, 44787 Bochum

          Hans-Georg Rehs, Manager
          Grafin-Imma-StraBe 83
          44797 Bochum


NORDEX AG: Nine-month Operating Loss Down 60% Year-on-year
----------------------------------------------------------
In the first three quarters of the current fiscal year (October
1, 2003 to June 30, 2004) the positive trend in Nordex AG's new
business stabilized further.  Order receipts increased by 43% to
EUR169 million year-on-year (previous year: EUR118 million).

Here Nordex has grown above all in international terms.  Today,
some 60% of new orders come from abroad (previous year: 30%).
The trend towards large turbines is also continuing.  Almost
two-thirds of new business is accounted for the new Nordex
N80/N90 series.

In spite of the larger order intake, at approximately EUR156
million, revenues were 16% down on the previous year (EUR186
million).  The main reasons for this development are longer lead
times due to the increased international business and the higher
amount of big turbines.  In addition to this, since July 2003
Nordex only reports a major part of the project revenues after
the turbines have been installed in the wind farm.

In the third quarter of fiscal 2003/2004 too, earnings were
above projections.  After nine months the loss before interest
and taxes (EBIT) came to EUR19.4 million (previous year: EUR48.9
million), equivalent to a year-on-year decrease of losses of
around 60%.  This improvement in earnings can be attributed
above all to the drop in the cost-of-materials ratio from 90 to
79%.  Nordex succeeded in cutting personnel expenditure by 17%
to EUR26.1 million (previous year EUR31.4 million), net other
operating expenses and income by as much as 42% to EUR16.7
million (previous year: EUR28.6 million).  These cost reductions
are the result of an extensive restructuring program that the
Group has been implementing since July 2003.  The overall target
is to achieve an improvement in earnings of EUR72.5 million in
2005.  To date Nordex has implemented some 74% of these measures
and the program is going to be completed by the end of the year.

As a result of high payments for preliminary work on new
projects in the past quarter, liquidity is more or less balanced
in the current financial year.  Free cash flow was -EUR0.9
million (previous year: -EUR93.7 million).  This can be
attributed principally to the company's strict working capital
management, according to which the production of orders is not
commenced until shortly before the installation date.  A further
prerequisite is the receipt of a deposit of around 20%.
However, the need to place orders for ongoing projects resulted
in the expected utilization of liquidity in the third quarter.

In the fourth quarter of the current fiscal year Nordex will not
be able to fully compensate for the drop in revenues resulting
from the strict working capital management.  For this reason the
company is reducing its revenue projection for fiscal 2003/2004
to EUR205 million.  Due to the better-than-planned progress made
in restructuring in the current fiscal year, Nordex is also
reaffirming its earnings forecast of -EUR28 million in spite of
a lower volume of business.  Nordex plans to return to profit
territory in the course of fiscal 2005.

CONTACT:  NORDEX A.G.
          Bornbarch 2
          22848 Norderstedt
          Germany
          Web site: http://www.nordex-online.com

          Ralf Peters
          Public Relations/Investor Relations
          Phone: ++49-40-500 98 100
          Fax: ++49-40-500 98 333
          E-mail: rpeters@nordex-online.com


SCP GERMANY: Public Auction of Assets Set September 8
-----------------------------------------------------
Karner & Co. GmbH sets for public auction the assets of SCP
Germany GmbH on September 8, 2004, 11:00 a.m. at Carl-Benz-
Strasse 10, 72124 Pliezhausen, Germany.

For sale are approximately 700 new and well-kept items, which
include wood and metal processing machinery, high quality
metrology devices, machinery and tools for plastic pipe
processing, forklift, small tools and vehicle fleet.

The assets can be inspected on September 7, 2004, from 9:00 a.m.
to 5:00 p.m. and on the auction day from 8:00 a.m. to 10:30 a.m.
at Carl-Benz-Strasse 10, 72124 Pliezhausen, Germany.  Clearing
of small items can be done during and after the auction, until
5:00 p.m.   Other items can be cleared on September 9 and 10,
2004 from 9:00 a.m. to 5:00 p.m.

CONTACT:  KARNER & CO. GMBH
          Phone: +49 (0) 6136 7544 0
          Fax: +49 (0) 6136 7544 29
          E-mail: contact.karner@goindustry.com


WESTLB AG: Tui Stake Could Fetch EUR900 Million, Says Report
------------------------------------------------------------
German bank WestLB AG is set to sell its one-third stake in
Europe's biggest travel group in what is potentially a EUR900
million deal, the Financial Times report.

The company's chief executive officer, Thomas Fischer, said the
management is "in serious talks" regarding the future of Tui and
that negotiations have been going on for some time.

Mr. Fischer declined to comment on whether the potential buyer
is a Spanish hotel chain as rumored, but referred to them as
"strategic investors."  Industry officials think Spain's Riu
Hotels, a long-time associate of Tui, is the likely buyer.

The disposal is part of WestLB's drive to clean up its balance
sheet and sell large shareholdings, after racking up EUR4
billion in losses over the past two years.  WestLB is also in
talks to sell its 95% stake in metals trader Klockner & Co.
According to the report, acquisition of the whole stake would
trigger a takeover offer for the whole of Tui under German law,
but Mr. Fischer suggested he could still command a premium to
the share price by selling between 25 and 30%.

CONTACT:  WESTLB AG
          Herzogstrasse 15
          40217 Dusseldorf, Germany
          Phone: +49 211 826 01
          Fax:   +49 211 826 6119
          Web site: http://www.westlb.com

          Lunn Poly (TUI UK)
          Columbus House
          Westwood Way
          Westwood Business Park
          Coventry
          CV4 8TT
          Phone: +44 (0) 24 7628 2828
          Fax: +44 (0) 24 7628 2838


WESTLB AG: Terra Firma Snares Odeon Cinema Chain
------------------------------------------------
Private equity firm Terra Firma Capital Partners emerged as the
winner in the auction of cinema chain Odeon, which is 45% owned
by German bank WestLB AG, according to Reuters.

Terra Firma competed against New York-based Blackstone Group LP,
and property investor Robert Tchenguiz for the acquisition of
one of Britain's largest cinema chains.  Financial details of
the transaction were not provided, but it was previously
expected the deal could fetch more than GBP380 million.  Iranian
property investor Robert Tchenguiz had offered GBP360 million
for the business, but shareholders turned it down.  Terra Firma
also simultaneously acquired rival cinema chain UCI from U.S.
media companies Viacom and Vivendi Universal.

CONTACT:  WESTLB AG
          Dusseldorf Head Office
          Herzogstrabe 15
          40217 Dusseldorf
          Phone: (0211) 826-01
          Fax: (0211) 826-6119
          E-mail: info@westlb.de

          Munster Head Office
          Friedrichstrabe 1
          48145 Munster
          Phone: (02 51) 412-01
          Fax: (02 51) 412 2921
          E-mail: info@westlb.de


ZK ZEITARBEIT: Completes Distribution of Claims
-----------------------------------------------
The district court of Duisburg has cancelled the insolvency
procedure on ZK Zeitarbeit Karnath GmbH following the final
distribution of claims to creditors.

CONTACT:  ZK ZEITARBEIT KARNATH GMBH
          Kammerstr. 86, 47057 Duisburg

          Utmar Karnath, Manager
          Neukoellner Str. 7
          45699 Herten


=========
I T A L Y
=========


ALITALIA SPA: Italian Aviation Authority Recalls Fare Hike Order
----------------------------------------------------------------
Ente Nazionale per I'Aviazione Civil (ENAC), the Italian civil
aviation authority, scrapped its order requiring Alitalia rivals
to raise fares on Italian flights, the Associated Press says.

ENAC cancelled the move on condition that other countries do not
impose similar requirements on Alitalia.  ENAC announced its
decision after holding talks with Alitalia officials and
consumer groups, which had opposed the move.  British Airways
earlier lodged a complaint with the European Union against
ENAC's action, claiming the order was illegal and unfair.

The European Commission had earlier criticized Italy, but
admitted the government has the legal right to impose
requirements of such nature, as provided for in old bilateral
treaties.  Other E.U. member countries have in the past used
similar powers, although the clause on prices is rarely imposed.

Chief executive Giancarlo Cimoli has been trying to make unions
agree with his proposed restructuring plan, which is a condition
for the release of the EUR400 million state-guaranteed bridging
loan.  The 62% government-owned carrier has been trying to
survive cutthroat competition from discount carriers and big
players.  On Thursday, the airline admitted missing its July and
August sales targets as performance on domestic flights slumped.

CONTACT:  ALITALIA S.p.A.
          Viale A. Marchetti 111
          00148 Rome, Italy
          Phone: +39 06 6562 2151
          Fax: +39 06 6562 4733
          Web site: http://www.alitalia.it


FIAT SPA: Pirates Volkswagen's Italian Head
-------------------------------------------
Fiat S.p.A. is to hire Volkswagen AG's chief in Italy to help it
increase car sales in Europe.

Bloomberg News, citing Italian daily Il Sore 24 Ore, says
Italy's largest manufacturer is set to appoint Johann Wohlfarter
to head its sales department beginning October.  Mr. Wohlfarter
is chief executive of Autogerma, Volkswagen's Italian unit.  A
spokesman for Fiat declined to comment on the report.

Fiat Chief Executive Officer Sergio Marchionne's in July said
the company's car division is suffering from an "under-
developed" dealer network and a "dysfunctional and
unaccountable" organizational structure.  Fiat Auto aims to
raise its Western European market share by 0.8 percentage points
to 8.2% in 2007 from 7.4% last year.  It also wants its share of
Italy's car market to reach 30.5% in 2007 from 28% in 2003.

CONTACT:  FIAT S.p.A.
          250 Via Nizza
          10126 Turin, Italy
          Phone: +39 011 686 1111
          Fax:   +39 011 686 3798
          Web site: http://www.fiatgroup.com


GIANNI VERSACE: Names Outsider as Chief Executive
-------------------------------------------------
Fashion house Versace S.p.A. has appointed Giancarlo Di Risio as
chief executive officer, the first outsider to occupy the post
in the Milan-based company.  The former chief executive of Fendi
will take over the post from interim chief Daniele Ballestrazzi.
The latter will become director general.

The family-controlled firm also appointed to its board Marco
Salomoni, former board member of rival fashion group Prada,
Paolo Colombo and Massimo Cremona.

Versace has been in trouble since the murder of its founder and
namesake Gianni Versace seven years ago.  In 2002, the firm
reported a loss of EUR26.5 million (GBP18 million).  It
undertook a restructuring, which included the closures of
stores, and the reduction of expenditure on catwalk shows.  It
even announced it aims to sell up to 30% of the company.

It already named three Italian financial advisers to help it
turn around its business.  Currently, it is seeking minority
investors, and is intent on improving sales, restructuring
distribution network, and cutting back costs.

Gianni Versace's niece Allegra Versace Beck holds 50% of the
company.  She inherited the shareholding on her 18th birthday
last month.  The other half of Versace is split between Gianni's
sister Donatella and her brother Santo.

CONTACT:  GIANNI VERSACE S.p.A.
          Via Manzoni 38
          20121 Milan, Italy
          Phone: +39 02 760 93 1
          Fax:   +39 02 760 04122
          Web site: http://www.versace.it


=====================
N E T H E R L A N D S
=====================


ROYAL AHOLD: Supervisory Board Chairman Resigns
-----------------------------------------------
Karel Vuursteen has decided to resign as Chairman of the
Supervisory Board of Royal Ahold N.V. because of personal
circumstances.  He will remain a member of the Board until the
next annual general meeting of shareholders to be held on May
18, 2005.

Rene Dahan will act temporarily as Chairman of the Board.

                            *   *   *

Recently, Royal Ahold reported net income of EUR32 million (Q2
2003: net income EUR3 million) for the second quarter of 2004.
Operating income was EUR169 million (Q2 2003: operating income
EUR222 million); Net sales EUR12.3 billion, a decrease of 4.9%
compared to Q2 2003.  Net sales growth was 3.0% excluding
currency impact and impact of divestments.  Net cash flow before
financing activities amounted to an outflow of EUR5 million (Q2
2003: net cash inflow before financing activities EUR399
million).

CONTACT:  ROYAL AHOLD N.V.
          Albert Heinjneweg 1
          1507 EH Zaandam, The Netherlands
          Phone: +31 75 659 9111
          Fax:   +31 75 659 8350
          Web site: http://www.ahold.com


ROYAL SHELL: Law Firm Mulls Auditors' Inclusion in Class Suit
-------------------------------------------------------------
Bernstein Liebhard & Lifshitz, the U.S. law firm that has lodged
class action lawsuits against Royal Dutch Shell, is considering
the inclusion of the oil giant's auditors in its amended
complaint, Telegraph says.

Stanley Bernstein, the senior partner in the law firm, said they
are filing for an amended complaint in mid-September and are
looking at the role of auditors KPMG and PricewaterhouseCoopers
in the overbooking of Shell's reserves.  Investors were shocked
upon Shell's disclosure that it overstated its oil and gas
reserves by around 25%.  The class action, which has Bernstein
Liebhard & Lifshitz as the "lead plaintiff" on behalf of
investors, names a number of current and past Shell senior
executives.

Mr. Bernstein said his firm is trying to prove whether Shell's
auditors have violated America's securities law.  He also
rejected the contention that the auditors cannot be held liable
because they only audited Shell's financial accounts, which
exclude the reserves.

A KPMG spokesman commented, "KPMG believes it has behaved
appropriately and accurately in our audit work at all times."

Recently, the United Kingdom's Financial Services Authority and
the United States Securities and Exchange Commission published
their findings into overstatement of Shell's reserves.  The
regulators said Shell still made misleading announcements of its
reserves despite warnings from 2000 to 2003.

"We stand by the work undertaken by PwC," a spokeswoman of the
auditor said after the FSA report was published.

CONTACT:  ROYAL DUTCH/SHELL GROUP OF COMPANIES
          Carel van Bylandtlaan 30
          2596 HR The Hague,
          The Netherlands
          Phone: +31 70 377 9111
          Fax:   +31 70 377 3115
          Web site: http://www.shell.com


===========
R U S S I A
===========


AGGREGATE FACTORY: Omsk Court Appoints Insolvency Manager
---------------------------------------------------------
The Arbitration Court of Omsk region has commenced bankruptcy
supervision procedure on OJSC Omsky Aggregate Factory.  The case
is docketed as K/E-97/04.  Ms. A. Lyasman has been appointed
temporary insolvency manager.

Creditors are asked to submit their proofs of claim to 644010,
Russia, Omsk-10, Kuybysheva Str. 81-103.  A hearing will take
place on November 2, 2004, 10:00 a.m.

CONTACT:  AGGREGATE FACTORY
          644007, Russia,
          Omsk, Gertsena Str. 48

          Ms. A. Lyasman
          Temporary Insolvency Manager
          644010, Russia,
          Omsk-10, Kuybysheva Str. 81-103


AUTO-AGGREGATE: Under Bankruptcy Supervision
--------------------------------------------
The Arbitration Court of Perm region has commenced bankruptcy
supervision procedure on OJSC permsky factory Auto-Aggregate.
The case is docketed as A50-14250/2004-B.  Mr. O. Shelyakin has
been appointed temporary insolvency manager.

Creditors are asked to submit their proofs of claim to:

(a) The Arbitration Court of Perm region
    614000, Russia,
    Perm, Lunacharskogo Str. 3

(b) Temporary Insolvency Manager
    614990, Russia,
    Perm, GSP,
    Geroyev Khasana Str. 7F,
    Office 323

(c) Auto-Aggregate
    614016, Russia,
    Perm, Elkina Str. 14

A hearing will take place on November 5, 2004, 10:00 a.m. (local
time)

CONTACT:  AUTO-AGGREGATE
          614016, Russia,
          Perm, Elkina Str. 14

          Mr. O. Shelyakin
          Temporary Insolvency Manager
          614990, Russia,
          Perm, GSP,
          Geroyev Khasana Str. 7F,
          Office 323

          The Arbitration Court of Perm region
          614000, Russia,
          Perm, Lunacharskogo Str. 3


HOTEL VORKUTA: Proofs of Claim Deadline Expires September 16
------------------------------------------------------------
The Arbitration Court of Komi republic has declared municipal
unitary enterprise Hotel Vorkuta insolvent and introduced
bankruptcy proceedings.  The case is docketed as A29-8789/03-3B.
Ms. T. Vaneyeva has been appointed insolvency manager.
Creditors have until September 16, 2004 to submit their proofs
of claim to 167000, Russia, Komi republic, Syktyvkar,
Kolkhoznaya Str. 3A.

CONTACT:  HOTEL VORKUTA
          Russia, Komi republic,
          Vorkuta, Tsentralnaya Str. 5

          Ms. T. Vaneyeva
          Insolvency Manager
          167000, Russia,
          Komi republic, Syktyvkar,
          Kolkhoznaya Str. 3A


KOLYSHLEYSKY FACTORY: Deadline for Proofs of Claim September 16
---------------------------------------------------------------
The Arbitration Court of Penza region has commenced bankruptcy
supervision procedure on OJSC Kolyshleysky factory Dried Non-fat
Milk.  The case is docketed as A49-4847/03-60b/10.  Mr. S.
Kochkurov has been appointed temporary insolvency manager.
Creditors have September 16, 2004 to submit their proofs of
claim to Russia, Penza, Suvorova Str. 111.

CONTACT:  DRIED NON-FAT MILK
          Russia, Penza,
          Kolyshley, Zavodskaya Str. 1

          Mr. S. Kochkurov
          Temporary Insolvency Manager
          Russia, Penza,
          Suvorova Str. 111


KOSTENETSKY OPEN: Vladimir Court Opens Bankruptcy Proceedings
-------------------------------------------------------------
The Arbitration Court of Vladimir region has declared OJSC
Kostenetsky Open Pit insolvent and introduced bankruptcy
proceedings.  The case is docketed as A11-1846/2002-K1-94B.  Mr.
N. Kochugov has been appointed insolvency manager.
Creditors have until September 16, 2004 to submit their proofs
of claim to 600024, Russia, Vladimir, Universitetskaya Str.

CONTACT:  KOSTENETSKY OPEN PIT
          602359, Russia,
          Vladimir region,
          Selivanovsky region,
          Kostenets

          Mr. N. Kochugov
          Insolvency Manager
          600024, Russia,
          Vladimir,
          Universitetskaya Str.
          Phone/Fax: 8 (0922) 430678


MIASSKIY DAIRY: Creditors Have Until September 16 to File Claims
----------------------------------------------------------------
The Arbitration Court of Chelyabinsk region has commenced
bankruptcy supervision procedure on OJSC Miasskiy Dairy Factory.
The case is docketed as A76-14829/00-34-284/33-5102/2/52-23.
Mr. E. Babanov has been appointed temporary insolvency manager.
Creditors have until September 16, 2004 to submit their proofs
of claim to 454080, Russia, Chelyabinsk region, Post User Box
12592.

CONTACT:  MIASSKIY DAIRY FACTORY
          456300, Russia,
          Chelyabinsk region, Miass,
          Akademika Pavlova Str. 8

          Mr. E. Babanov
          Temporary Insolvency Manager
          454080, Russia,
          Chelyabinsk region,
          Post User Box 12592


NIZHNEVARTOVSKOYE BUILDING: Declared Insolvent
----------------------------------------------
The Arbitration Court of Khanty-Mansiysky autonomous region has
declared CJSC Nizhnevartovskoye Building Assembling Management
insolvent and introduced bankruptcy proceedings.  The case is
docketed as A75-166-B/2004.  Mr. A. Zhimarinsky has been
appointed insolvency manager.  Creditors have until September
16, 2004 to submit their proofs of claim to 628605, Russia,
Khanty-Mansiysky autonomous region, Tyumen region,
Nizhnevartovsk, Druzhby Narodov Str. 6, Office 1.

CONTACT:  NIZHNEVARTOVSKOYE BUILDING ASSEMBLING MANAGEMENT
          Russia, Tyumen region,
          Nizhnevartovsk,
          Industrialnaya Str. 101

          Mr. A. Zhimarinsky
          Insolvency Manager
          628605, Russia,
          Khanty-Mansiysky autonomous region,
          Tyumen region, Nizhnevartovsk,
          Druzhby Narodov Str. 6, Office 1


NORTH: Insolvency Manager Takes over Helm
-----------------------------------------
The Arbitration Court of Kursk region has declared OJSC auto-
tech-centre North (TIN 4632017180) insolvent and introduced
bankruptcy proceedings.  The case is docketed as A35-4150/04 g.
Mr. A. Shelest has been appointed insolvency manager.
Creditors are asked to submit their proofs of claim to 305048,
Russia, Kursk, Kosukhina Str. 5, Apartment 85.

CONTACT:  NORTH
          Russia, Kursk

          Mr. A. Shelest
          Insolvency Manager
          305048, Russia,
          Kursk, Kosukhina Str. 5,
          Apartment 85


NORTH STAR: Court Sets October 26 Hearing
-----------------------------------------
The Arbitration Court of Saint Petersburg and the Leningrad
region has commenced bankruptcy supervision procedure on CJSC
agricultural industrial complex North Star.  The case is
docketed as A56-16646/04.  Mr. L. Cherches has been appointed
temporary insolvency manager.

Creditors are asked to submit their proofs of claim to 190121,
Russia, Saint Petersburg, Angliysky Pr. 3, Office 205.  A
hearing will take place at 190121, Saint-Petersburg, Suvorovsky
Pr., 50/52 on October 26, 2004, 11:30 p.m.

CONTACT:  NORTH STAR
          188451, Russia,
          Leningrad region,
          Luzhsky region, Mezhozerny region

          Mr. L. Cherches
          Temporary Insolvency Manager
          190121, Russia,
          Saint Petersburg,
          Angliysky Pr. 3,
          Office 205


OIL PROCESSING: Penza Court Affirms Insolvency
----------------------------------------------
The Arbitration Court of Penza region has declared LLC Oil
Processing Factory insolvent and introduced bankruptcy
proceedings.  The case is docketed as A40-1725/04-46b/10.  Mr.
A. Eremkin has been appointed insolvency manager.   Creditors
have to submit their proofs of claim to Russia, Penza region,
Zasechnoye, 5th location, Koltsevaya Str. 1.

CONTACT:  OIL PROCESSING FACTORY
          Russia, Penza,
          Ryabova Str. 31

          Mr. A. Eremkin
          Insolvency Manager
          Russia, Penza region,
          Zasechnoye, 5th location,
          Koltsevaya Str. 1


PECHORSKY FISH-BREEDING: Proofs of Claim Deadline September 16
--------------------------------------------------------------
The Arbitration Court of Komi republic has declared OJSC
Pechorsky Fish-Breeding Farm insolvent and introduced bankruptcy
proceedings.  The case is docketed as A29-8984/02-3B.  Mr. E.
Amon has been appointed insolvency manager.  Creditors have
until September 16, 2004 to submit their proofs of claim to
167000, Russia, Komi republic, Syktyvkar, Pervomayskaya Str. 36-
4.

CONTACT:  PECHORSKY FISH-BREEDING FARM
          Russia, Komi republic,
          Pechora, building site of
          Pechorskaya State Regional
          Electric Power Station

          Mr. E. Amon
          Insolvency Manager
          167000, Russia,
          Komi republic, Syktyvkar,
          Pervomayskaya Str. 36-4


PLANETA: Names Y. Romanov Insolvency Manager
--------------------------------------------
The Arbitration Court of Novgorod region has declared OJSC
Planeta insolvent and introduced bankruptcy proceedings.  The
case is docketed as A44-4269/03-S4-k.  Mr. Y. Romanov has been
appointed insolvency manager.  Creditors have until September
16, 2004 to submit their proofs of claim to 173020, Russia,
Velikiy Novgorod, Khutynskyay Str. 5, Office 21.

CONTACT:  NORTH
          173004, Russia,
          Velikiy Novgorod,
          Fedorovsky ruchey Str. 2/13

          Mr. Y. Romanov
          Insolvency Manager
          173020, Russia,
          Velikiy Novgorod,
          Khutynskyay Str. 5,
          Office 21


REM-STROY-DETAL: Gives Creditors Until Next Month to File Claims
----------------------------------------------------------------
The Arbitration Court of Leningrad region has declared OJSC Rem-
Stroy-Detal insolvent and introduced bankruptcy proceedings.
The case is docketed as A56-36075/03.  Mr. M. Enukashvili has
been appointed insolvency manager.  Creditors have until
September 16, 2004 to submit their proofs of claim to 191028,
Russia, Saint-Petersburg, Gagarinskaya Str. 25, office 19.

CONTACT:  REM-STROY-DETAL
          187650, Russia,
          Leningrad region,
          Boksitogorsk, Novaya Str. 1

          Mr. M. Enukashvili
          Insolvency Manager
          191028, Russia,
          Saint-Petersburg,
          Gagarinskaya Str. 25,
          Office 19


RUBBER TECHNICAL: Undergoes Bankruptcy Supervision Procedure
------------------------------------------------------------
The Arbitration Court of Pskov region has commenced bankruptcy
supervision procedure on municipal unitary enterprise factory
Rubber Technical Products.  The case is docketed as
A52/1415/2004/4.  Mr. G. Fedorov has been appointed temporary
insolvency manager.  Creditors are asked to submit their proofs
of claim to Russia, Pskov region, Velikiye Luki, Tretyey udarnoy
Armii Str. 68.

CONTACT:  RUBBER TECHNICAL PRODUCTS:
          Russia, Pskov region,
          Velikiye Luki,
          Tretyey udarnoy Armii Str. 68

          Mr. G. Fedorov
          Temporary Insolvency Manager
          Russia, Pskov region,
          Velikiye Luki,
          Tretyey udarnoy Armii Str. 68


=============
U K R A I N E
=============


AMETIST: Names Oleksij Sisoyev Liquidator
-----------------------------------------
The Economic Court of Sumi region declared LLC Ametist (code
EDRPOU 31431078) insolvent and introduced bankruptcy proceedings
on July 15, 2004.  The case is docketed as 12/16-04.  Mr.
Oleksij Sisoyev (License Number AA 315441) has been appointed
liquidator/insolvency manager.

CONTACT:  AMETIST
          42400, Ukraine, Sumi region,
          Ohtirka, Pririchnij lane, 9

          Mr. Oleksij Sisoyev
          Liquidator/Insolvency Manager
          Ukraine, Sumi region,
          Petropavlovska Str. 74, room 49 a

          ECONOMIC COURT OF SUMI REGION
          40030, Ukraine, Sumi region,
          Ribalko Str. 2


AUTO 11425: Proofs of Claim Deadline September 5
------------------------------------------------
The Economic Court of Donetsk region declared OJSC Auto
Transport Enterprise 11425 (code EDRPOU 01527583) insolvent and
introduced bankruptcy proceedings on June 23, 2004.  The case is
docketed as 15/50.  Mr. Anatolij Dmitrichenko (License Number AA
540063 approved on November 25, 2003) has been appointed
liquidator/insolvency manager.  The company holds account number
26005302611172 at JSC Prominvestbank, Kujbishev branch, MFO
334408.

Creditors have until September 5, 2004 to submit their proofs of
claim to:

(a) AUTO TRANSPORT ENTERPRISE 11425
    83057Ukraine, Donetsk region,
    Veselij Avenue, 46

(b) Mr. Anatolij Dmitrichenko
    Liquidator/Insolvency Manager
    83000, Ukraine, Donetsk region,
    Cheluskintsiv Str. 107/45
    Phone: 345-42-72, 335-61-14

(c) ECONOMIC COURT OF DONETSK REGION
    83048, Ukraine, Donetsk region,
    Artema Str. 157


HARKIVLIFT: Under Bankruptcy Supervision
----------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
supervision procedure on Specialized Enterprise Harkivlift (code
EDRPOU 30916414).  The case is docketed as B-25/39-04.  Arbitral
manager Mrs. N. Ivleva (License Number AA 250463 approved on
April 18, 2002) has been appointed temporary insolvency manager.
The company holds account number 2600402314788 at CB Basis.

Creditors have until September 6, 2004 to submit their proofs of
claim to:

(a) SPECIALIZED ENTERPRISE HARKIVLIFT
    Legal address:
    61002, Ukraine, Harkiv region,
    Ivanov Str. 10

    Mailing address:
    61003, Ukraine, Harkiv region,
    Ilyinska Str. 61/98

(b) Mrs. N. Ivleva
    Temporary Insolvency Manager
    Ukraine, Harkiv region,
    S. Tarhov Str. 5/9

(c) ECONOMIC COURT OF HARKIV REGION
    61022, Ukraine, Harkiv region,
    Svobodi square, 5, Derzhprom, 8th entrance


INTRADE GROUP: Zaporizhya Court Opens Bankruptcy Proceedings
------------------------------------------------------------
The Economic Court of Zaporizhya region declared LLC Ukrainian-
American Joint Enterprise Intrade Group (code EDRPOU 22950357)
insolvent and introduced bankruptcy proceedings on July 19,
2004.  The case is docketed as 20/77-19/28.  Mrs. Olga Boldakova
(License Number AA 315471 approved on August 30, 2002) has been
appointed liquidator/insolvency manager.  The company holds
account number 2600804681 at JSB Metalurg, Zaporizhya branch,
MFO 313582.

CONTACT:  UKRAINIAN-AMERICAN JOINT ENTERPRISE INTRADE GROUP
          69050, Ukraine, Zaporizhya region,
          Kosmichna Str. 119

          Mrs. Olga Boldakova
          Liquidator/Insolvency Manager
          69104, Ukraine, Zaporizhya region,
          Malinovskij Str. 26a/117
          Phone: (0612) 17-37-31


KRASNE: Vinnitsya Economic Court Affirms Insolvency
---------------------------------------------------
The Economic Court of Vinnitsya region declared Agricultural LLC
Krasne (code EDRPOU 00495154) insolvent and introduced
bankruptcy proceedings on July 2, 2004.  The case is docketed as
8/263-04.  Mr. Valentin Osadchij (License Number AA 140460) has
been appointed liquidator/insolvency manager.  The company holds
account number 26004365701 at JSB Energobank, Vinnitsya branch,
MFO 302731.

Creditors have until September 5, 2004 to submit their proofs of
claim to:

(a) AGRICULTURAL KRASNE
    23116, Ukraine, Vinnitsya region,
    Pultivtsi

(b) Mr. Valentin Osadchij
    Liquidator/Insolvency Manager
    21036, Ukraine, Vinnitsya region,
    Hmelnitske shose, 7, room 731
    Phone: 39-94-44

(c) ECONOMIC COURT OF VINNITSYA REGION
    21036, Ukraine, Vinnitsya region,
    Hmelnitske shose, 7


ODESA' BIRD: Under Bankruptcy Supervision
-----------------------------------------
The Economic Court of Odesa region commenced bankruptcy
supervision procedure on LLC Odesa' Bird Combine (code EDRPOU
00443921) on June 11, 2004.  Mr. Volodimir Shnyakin (License
Number AA 783105 approved on April 23, 2004) has been appointed
temporary insolvency manager.  The company holds account number
2600431108 at JSB Pivdennij, Odesa branch, MFO 328209.

Creditors have until September 6, 2004 to submit their proofs of
claim to:

(a) ODESA' BIRD COMBINE
    67025, Ukraine, Odesa region,
    Kominternivskij district, Kulindorove,
    Kulindorovskij promvuzol,
    19th kilometer of Starokijivskij Shlyah

(b) Mr. Volodimir Shnyakin
    Temporary Insolvency Manager
    65013, Ukraine, Odesa region,
    Shornomorskogo Kozatstva Str. 80
    Phone: (048) 716-62-21
    Fax: (048) 716-62-21

(c) ECONOMIC COURT OF ODESA REGION
    65032, Ukraine, Odesa region,
    Shevchenko Avenue, 4


PRISLUCHANSKE: Hmelnitskij Prescribes Bankruptcy Procedure
----------------------------------------------------------
The Economic Court of Hmelnitskij region commenced bankruptcy
supervision procedure on agricultural LLC Prisluchanske (code
EDRPOU 31048388) on June 11, 2004.  The case is docketed as
17/170-B.  Arbitral manager Mr. Oleksandr Popaduk (License
Number AA 250190 approved on January 10, 2002) has been
appointed temporary insolvency manager.

Creditors have until September 6, 2004 to submit their proofs of
claim to:

(a) AGRICULTURAL PRISLUCHANSKE
    Ukraine, Hmelnitskij region,
    Starokostyantinivskij district,
    Sahnivtsi

(b) Mr. Oleksandr Popaduk
    Temporary Insolvency Manager
    Ukraine, Hmelnitskij region,
    Starokostyantiniv, Miru Str. 3/20-14

(c) ECONOMIC COURT OF HMELNITSKIJ REGION
    29000, Ukraine, Hmelnitskij region,
    Nezalezhnosti square, 1


SADKO: Bankruptcy Proceedings Begin
-----------------------------------
The Economic Court of Donetsk region declared LLC Agrarian-
Production Enterprise Sadko (code EDRPOU 31000875) insolvent and
introduced bankruptcy proceedings on June 2, 2004.  The case is
docketed as 31/197 B.  Arbitral manager Mr. E. Pertsov (License
Number AA 047749) has been appointed liquidator/insolvency
manager.  The company holds account number 26001301461235 at
Prominvestbank, Amvrosiyivska branch of Donetsk Regional
Department.

CONTACT:  AGRARIAN-PRODUCTION ENTERPRISE SADKO
          87343, Ukraine, Donetsk region,
          Amvrosiyivska district,
          Biloyarivka, Miru Str. 1

          Mr. E. Pertsov
          Liquidator/Insolvency Manager
          83000, Ukraine, Donetsk region,
          Komsomolskij Avenue, 28/94

          ECONOMIC COURT OF DONETSK REGION
          83048, Ukraine, Donetsk region,
          Artema Str. 157


TISSA: Kyiv Commences Bankruptcy Proceedings
--------------------------------------------
The Economic Court of Kyiv region has declared LLC Tissa (code
EDRPOU 31111590) insolvent and introduced bankruptcy
proceedings.  The case is docketed as 23/547-b.  Arbitral
manager Mr. Anatolij Gunko (License Number AA 520124 approved on
June 11, 2003) has been appointed liquidator/insolvency manager.
The company holds account number 26004160931 at JSB
Andriyivskij, MFO 322863.

CONTACT:  TISSA
          Ukraine, Kyiv region,
          Lyaskov Str. 9

          Mr. Anatolij Gunko
          Liquidator/Insolvency Manager
          Ukraine, Kyiv region,
          Brovari, Grushevskij Str. 17/55

          ECONOMIC COURT OF KYIV REGION
          01030, Ukraine, Kyiv region,
          B. Hmelnitskij Boulevard, 44-B


===========================
U N I T E D   K I N G D O M
===========================


ACADEMY BUSINESS: Sets General Meeting September 30
---------------------------------------------------
The general meeting of the members of Academy Business Systems
(UK) Ltd. will be on September 30, 2004 commencing at 10:00 a.m.
It will be held at 60-62 Old London Road, Kingston upon Thames,
Surrey KT2 6QZ.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the Liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with Marks Bloom, 60-62 Old London Road, Kingston upon Thames,
Surrey KT2 6QZ not later than 12:00 noon, September 29, 2004.

CONTACT:  MARKS BLOOM
          60-62 Old London Road,
          Kingston upon Thames,
          Surrey KT2 6QZ
          Liquidator:
          Andrew John Whelan
          Phone: +44 (0) 20 85499951
          Fax:   +44 (0) 20 85496218
          Web site: http://www.marksbloom.co.uk


ACROBAT DISPLAYS: Liquidator to Present Report September 23
-----------------------------------------------------------
The general meetings of the members and creditors of Acrobat
Displays Limited will be on September 23, 2004 commencing at
10:30 a.m. and 11:00 a.m. respectively.  It will be held at
Moore Stephens Corporate Recovery, Beaufort House, 94-96 Newhall
Street, Birmingham B3 1PB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meetings may appoint proxies.  Proxy forms
must be lodged with Moore Stephens Corporate Recovery, Beaufort
House, 94-96 Newhall Street, Birmingham B3 1PB not later than
12:00 noon, September 22, 2004.

CONTACT:  MOORE STEPHENS CORPORATE RECOVERY
          Beaufort House
          94-96 Newhall Street,
          Birmingham B3 1PB
          Liquidator:
          Roderick Graham Butcher
          Phone: 0121 233 2557
          Web site: http://www.moorestephens.co.uk


ANI CORPORATION: Final Report of Liquidator Out September 24
------------------------------------------------------------
The final general meeting of The Ani Corporation (UK) Limited
will be on September 24, 2004 commencing at 10:00 a.m.  It will
be held at the offices of Ernst & Young, Cloth Hall Court, 14
King Street, Leeds LS1 2JN.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.

CONTACT:  ERNST & YOUNG
          Cloth Hall Court
          14 King Street,
          Leeds LS1 2JN
          Liquidator:
          R H Kelly
          Phone: +44 [0] 113 298 2200
          Fax:   +44 [0] 113 298 2201
          Web site: http://www.ey.com


AYR UNITED: May Collapse Unless Creditors Approve CVA
-----------------------------------------------------
Football club Ayr United is currently in dire need of a major
shakeup to avoid bankruptcy.

In a statement, the company said "the board is presently working
with professional advisers to achieve implementation of specific
measures required to overcome current difficulties and
thereafter establish a viable business model.

"Restructuring measures have already been partly implemented
with staff reductions to reduce overheads.  The co-operation of
a number of affected parties, including existing staff, will be
essential in the weeks ahead."

Ayr called in accountant PKF two weeks ago to help in its
restructuring effort.  The second division football club is
waiting for the approval of a creditors voluntary arrangement,
which would see its lenders, including manager Campbell Money,
receive a reduced portion of the amount they are owed.  Ayr's
other significant lender is the Inland Revenue, which is
demanding full payment.

Mr. Money, who is under contract until March 2006, is believed
to be the major stumbling block to a deal, according to The
Herald.  He was called into an emergency board meeting two weeks
ago and was asked to take a wage cut along with other members of
the management team, or alternatively agree to work part-time.
He reportedly rejected both proposals.

The club's trouble began less than a year after construction
giant Barr Holdings sold his majority 77% shareholding in the
club to current chairman Donald Cameron.  The club's accounts
show it has been dependent on Barr for its generous spending on
players.  Barr spent more than GBP438,000 for "marketing,
advertising and hospitality" for financial year 2002-2003 alone.
This was when shareholders' funds stood at just GBP67,091.  Ayr
has yet to produce accounts for last season.  Its revenues,
according to a recent statement, has been badly affected by the
its second division status.

CONTACT: THE AYR UNITED FOOTBALL AND ATHLETIC CLUB LTD.
         Somerset Park,
         Somerset Road, Ayr,
         Ayrshire  KA8 9NB
         Phone: 01292263435


BEAR WEST: Members Agree to Wind up Business
--------------------------------------------
At an extraordinary general meeting of the Bear West Limited on
August 13, 2004 held at Tomlinsons, St Johns Court, 72 Gartside
Street, Manchester M3 3EL, the Resolutions to wind up the
company were passed.  Alan H Tomlinson of Tomlinsons, St John's
Court, 72 Gartside Street, Manchester M3 3EL has been appointed
as liquidator of the company for the purpose of such winding-up.

CONTACT:  TOMLINSONS
          St John's Court,
          72 Gartside Street,
          Manchester M3 3EL
          Liquidator:
          A H Tomlinson
          Phone: 0870 60 70 170
          Fax:   0870 60 70 180
          E-mail: advice@tomlinsons.co.uk
          Web site: http://www.tomlinsons.co.uk


BEAUMONT PUBLISHING: Members, Creditors Meeting Set September 28
----------------------------------------------------------------
The final meetings of the members and creditors of Beaumont
Publishing (Hove) Limited will be on September 28, 2004
commencing at 10:00 a.m. and 10:15 a.m. respectively.  It will
be held at the offices of Begbies Traynor (Incorporating Taylor
Gotham & Fry), The Old Exchange, 234 Southchurch Road, Southend
on Sea, Essex SS1 2EG.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meetings may appoint proxies.  Proxy forms
must be lodged with Begbies Traynor (Incorporating Taylor Gotham
& Fry), The Old Exchange, 234 Southchurch Road, Southend on Sea,
Essex SS1 2EG not later than 12:00 noon, September 27, 2004.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange
          234 Southchurch Road
          Southend-on-Sea,
          Essex SS1 2EG
          Liquidator:
          J Taylor
          Phone: 01702 467255
          Fax:   01702 467201
          Web site: http://www.begbies.com


BRITISH ENERGY: Drafts Trading Expert David Pryde
-------------------------------------------------
British Energy announced that David Pryde has been appointed as
an Independent Non-executive Director of the company with effect
from 1 September 2004.

Mr. Pryde has extensive Trading and Risk Management experience.
Having formerly headed precious metals trading in Asia for NM
Rothschild and Sons Ltd. and Philipp Brothers Inc. he joined JP
Morgan and Co Inc. in 1984 and subsequently held various senior
management positions in trading businesses, including Global
Head of Precious Metals Trading, Global Head of Commodity
Derivatives Trading and Marketing and Global Head of Futures and
Options Brokerage.  He sat on the Boards of the Commodity
Exchange, the Chicago Mercantile Exchange and the Futures
Industry Association.  Mr. Pryde, 54, was born in Stirling,
Scotland and is currently resident in the U.S.A.

Adrian Montague, Chairman of British Energy plc said: "British
Energy faces significant challenges and the Trading Strategy is
key to our future success.  David Pryde's background and skills
will be of great benefit to us in developing and implementing
our Trading and Risk Management Strategies.  I welcome him to
the Board of British Energy."

CONTACT:  BRITISH ENERGY
          Andrew Dowler
          Phone: 020 7831 3113
          (Media Enquiries)
          John Searles
          Phone: 01355 26 2202
          (Investor Relations)
          Web site: http://www.british-energy.com


CEMENT MIX: Director Receives Six-year Ban
------------------------------------------
The director of a business that operated as agents in industrial
equipment has given an undertaking not to hold directorships or
take any part in company management for six years.

The undertaking by Malachy Joseph Quinn, of Hazelbrook,
Malahide, Dublin, Republic of Ireland, and formerly of Devisdale
Rd, Bowdon, Cheshire, was given in respect of his conduct as a
director of Cement Mix Limited (formerly TEKA U.K. Limited until
August 29, 2002), which carried out business from premises at St
Mary's Studios, on St Mary's Road, in Bowdon, Cheshire.

Acceptance of the undertaking on August 5, 2004 prevents Mr.
Quinn from being a director of a company or, in any way, whether
directly or indirectly, being concerned or taking part in the
promotion, formation or management of a company for the above
period.  Cement Mix Limited (formerly TEKA U.K. Limited) was
placed into voluntary Liquidation on August 15, 2002 with
estimated debts of GBP798,075 owed to creditors.

Matters of unfit conduct, not disputed by Mr. Quinn, were:

(a) He knew or ought to have known by the end of January 2002,
    at the latest, that Cement Mix Limited (formerly TEKA U.K.
    Limited) was unable to pay its debts as and when due, and
    that continued trading thereafter was at the risk of
    ultimately to the detriment of TEKA's creditors; and

(b) He failed to ensure that TEKA maintained, preserved and
    delivered adequate accounting records to the Liquidator.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


COMMUNICATIONS TEAM: Creditors Meeting Set September 3
------------------------------------------------------
           IN THE MATTER OF THE INSOLVENCY ACT 1986

                            and

          IN THE MATTER OF Communications Team Ltd.

Notice is hereby given, pursuant to section 98 of the Insolvency
Act 1986, that a meeting of Creditors of Communications Team
Ltd. will be held at 4 Dancastle Court 14 Arcadia Avenue London
N3 2HS on September 3, 2004 at 2:00 p.m. for the purpose of
having a full statement of the position of the Company's
affairs, together with a list of the Creditors of the Company
and the estimated amount of their claims, laid before them, and
for the purpose, if thought fit, of nominating a Liquidator and
of appointing a Liquidation Committee.  (Sections 99-101 of the
said Act)

In accordance with section 98 (2) Insolvency Act 1986, a list of
Creditors' names and addresses will be available for inspection,
free of charge, at Valentine & Co, 4 Dancastle Court 14 Arcadia
Avenue London N3 2HS two business days prior to the meeting.

By Order of the Board.

M. Flanders, Director
July 28, 2004

CONTACT:  VALENTINE & CO.
          4 Dancastle Court
          14 Arcadia Avenue
          London N3 2HS
          Phone: 020 8343 3710
          Fax: 020 9343 4486
          Web site: http://www.valentine-co.com


D & J ASSOCIATE: Members, Creditors Meeting Set September 22
------------------------------------------------------------
The general meetings of the members and creditors of D & J
Associate Meats Limited will be on September 22, 2004 commencing
at 10:00 a.m. and 10:30 a.m. respectively.  It will be held at
Moore Stephens Corporate Recovery, Beaufort House, 94-96 Newhall
Street, Birmingham B3 1PB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Moore Stephens Corporate Recovery, Beaufort
House, 94-96 Newhall Street, Birmingham B3 1PB not later than
12:00 noon, September 21, 2004.

CONTACT:  MOORE STEPHENS CORPORATE RECOVERY
          Beaufort House
          94-96 Newhall Street,
          Birmingham B3 1PB
          Liquidator:
          Roderick Graham Butcher
          Phone: 0121 233 2557
          Web site: http://www.moorestephens.co.uk


FABPLAS LIMITED: Liquidator's Final Report Out September 28
-----------------------------------------------------------
The final meeting of the members and creditors of Fabplas
Limited will be on September 28, 2004 commencing at 11:00 a.m.
and 11:15 a.m. respectively.  It will be held at the offices of
Begbies Traynor (Incorporating Taylor Gotham & Fry), The Old
Exchange, 234 Southchurch Road, Southend on Sea, Essex SS1 2EG.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Begbies Traynor (Incorporating Taylor Gotham
& Fry), The Old Exchange, 234 Southchurch Road, Southend on Sea,
Essex SS1 2EG not later than 12:00 noon, September 27, 2004.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange
          234 Southchurch Road
          Southend-on-Sea,
          Essex SS1 2EG
          Liquidator:
          D P Hudson
          Phone: 01702 467255
          Fax:   01702 467201
          Web site: http://www.begbies.com


FOULKES AND LIST: Director Responsible for Collapse Banned
----------------------------------------------------------
The director of a business, which fitted boat and house
interiors, has been disqualified in the Peterborough County
Court from acting as a company director for nine years.

Dino List, 48, of Benwick Road, Whittlesey, Peterborough, was a
director of Foulkes and List Limited, which carried on business
from premises at 170 Park Road, Peterborough.  Foulkes and List
was initially placed into a Members Voluntary Liquidation in
1997 and subsequently converted to creditors voluntary
liquidation on July 23, 2002 with estimated debts of GBP284,000
owed to its creditors.

The Disqualification Order, made on August 19, 2004, prevents
Dino List from being a director of a company or, in any way,
whether directly or indirectly, being concerned in or taking
part in the promotion, formation or management of a company for
the nine years.  Another director of Foulkes and List Limited,
Albert Frank Foulkes of Upstreet, Canterbury, Kent, had
previously given a disqualification undertaking to the Secretary
of State for Trade & Industry for a period of six years.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.  Matters of unfit conduct, found by the Court, were
that:

(a) Mr. List caused the company to make payments to himself and
    his co-director amounting to GBP510,000 in circumstances
    where no adequate provision was made for payment of
    creditors, and despite assurances that these sums would be
    repaid to the company, none ever was;

(b) Mr. List further failed, after the liquidation of the
    company in March 1997, to take all reasonable steps to
    assist successive liquidators in progressing the liquidation
    and made or authorized a false declaration of solvency in
    support of a Members Voluntary Liquidation of the company;

(c) Mr. List misled successive liquidators as to the true
    financial position of the company and thereby attempted to
    influence the conduct of the affairs of the company to the
    detriment of the Inland Revenue as a major creditor.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


ILFORD IMAGING: Receivers Axe 330 Workers to Make Sale Viable
-------------------------------------------------------------
The receivers of insolvent Ilford Imaging U.K. Limited cut its
workforce by around 330 to make the company attractive to
potential buyers, Reuters reports.

Grant Thornton, hired on August 23, said the redundancies were
necessary to prevent further losses and improve the prospects of
a sale.  Grant Thornton said Friday, "The receivers' intention
is to create a period of stability during which the sale of the
business, with a restructured cost base, can be explored."

Reuters cited Mark Bryers, one of the firm's joint receivers, as
saying that without a sale, the British unit of Ilford would
face an orderly wind-down.   The company's sales for its
monochrome photographic supplies, which are manufactured at its
Mobberley site, dropped by 26% in the first half of 2004 while
its Swiss ink-jet business continues to trade profitably.
Ilford has blamed the booming digital camera market for the
demise of its black-and-white film business.

CONTACT:  ILFORD IMAGING U.K. LTD.
          Town Lane, Mobberley
          Knutsford WA16 7JL
          Phone: 01565 650000
          Fax: 01565 872734
          Web site: http://www.ilford.com


INIFER POTTER: Begbies Traynor Hosting Members Final Meeting
------------------------------------------------------------
The final meeting of the members of Inifer Potter & Son Trading
Ltd. will be on September 30, 2004 commencing at 12:00 noon.  It
will be held at the offices of Begbies Traynor (Incorporating
Taylor Gotham & Fry), The Old Exchange, 234 Southchurch Road,
Southend on Sea, Essex SS1 2EG.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with Begbies Traynor (Incorporating Taylor Gotham & Fry), The
Old Exchange, 234 Southchurch Road, Southend on Sea, Essex SS1
2EG not later than 12:00 noon, September 29, 2004.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange
          234 Southchurch Road
          Southend-on-Sea,
          Essex SS1 2EG
          Liquidator:
          D P Hudson
          Phone: 01702 467255
          Fax:   01702 467201
          Web site: http://www.begbies.com


INTERNATIONAL IMPORT: Members Final Meeting September 27
--------------------------------------------------------
The final meetings of the members of The International Import &
Export Company Limited will be on September 27, 2004 commencing
at 2:00 p.m.  It will be held at the offices of
PricewaterhouseCoopers LLP, Benson House, 33 Wellington Street,
Leeds LS1 4JP.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with PricewaterhouseCoopers LLP, Benson House, 33 Wellington
Street, Leeds LS1 4JP not later than 12:00 noon, September 24,
2004.

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Benson House
          33 Wellington Street
          Leeds LS1 4JP
          Joint Liquidators:
          Tim Walsh
          Jonathan Sisson
          Phone: [44] (113) 289 4000
          Fax:   [44] (113) 289 4460
          Web site: http://www.pwcglobal.com


ION AP: Biddy Factors Brings in Receiver from Tait Walker
---------------------------------------------------------
Biddy Factors International Limited called in Gordon S Goldie
and Allan D Kelly as joint administrative receivers for ION AP
Limited (Reg No 03878686, Trade Classification: 25130).  The
application was filed August 20, 2004.  The company manufactures
other rubber products.

CONTACT:  TAIT WALKER
          Bulman House,
          Regent Centre, Gosforth,
          Newcastle upon Tyne NE3 3LS
          Joint Administrative Receivers:
          Gordon Smythe Goldie
          Allan David Kelly
          (Office Holder Nos 5799, 9156)
          Phone: 0191 285 0321
          Fax:   0191 284 9117
          E-mail: advice@taitwalker.co.uk
          Web site: http://www.taitwalker.co.uk


KENNAMETAL HERTEL: Appoints Liquidator from Stoy Hayward
--------------------------------------------------------
At an extraordinary general meeting of the Kennmetal Hertel Edg
Limited Company on August 17, 2004 held at BDO Stoy Hayward LLP,
125 Colmore Row, Birmingham B3 3SD, the subjoined Special
Resolution to wind up the company was passed.  Christopher Kim
Rayment of BDO Stoy Hayward LLP, 125 Colmore Row, Birmingham B3
3SD has been appointed liquidator for the purpose of such
winding-up.

CONTACT:  BDO STOY HAYWARD LLP
          125 Colmore Row,
          Birmingham B3 3SD
          Liquidator:
          Christopher Kim Rayment
          Phone: 0121 200 4600
          Fax:   0121 200 4650
          E-mail: birmingham@bdo.co.uk
          Web site: http://www.bdo.co.uk


LAURENCE DYER: Mazars to Present Final Report September 30
----------------------------------------------------------
The final meetings of the members and creditors of Laurence Dyer
Financial Planning Limited will be on September 30, 2004
commencing at 11:30 a.m. and 11:45 a.m. respectively.  It will
be held at the offices of Mazars, Lancaster House, 67 Newhall
Street, Birmingham B3 1NG.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Mazars, Lancaster House, 67 Newhall Street,
Birmingham B3 1NG not later than 12:00 noon, September 29, 2004.

CONTACT:  MAZARS
          Lancaster House
          67 Newhall Street,
          Birmingham B3 1NG
          Liquidator:
          A S Wood
          Phone: 0121 236 7711
          Fax:   0121 236 2778
          Web site: http://www.mazars.co.uk


MANCOR LTD.: Final Members Meetings September 23
------------------------------------------------
Name of Companies:
Mancor Ltd.
Mancor (Bow) Ltd.
Mancor (Barking) Ltd.

The final meetings of the members and creditors of these
companies will be on September 23, 2004 commencing at 10:00 a.m.
and thereafter at 15-minute intervals.  It will be held at the
offices of Begbies Traynor (Incorporating Taylor Gotham & Fry),
The Old Exchange, 234 Southchurch Road, Southend on Sea, Essex
SS1 2EG.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Begbies Traynor (Incorporating Taylor Gotham
& Fry), The Old Exchange, 234 Southchurch Road, Southend on Sea,
Essex SS1 2EG not later than 12:00 noon, September 22, 2004.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange
          234 Southchurch Road
          Southend-on-Sea,
          Essex SS1 2EG
          Liquidator:
          J Taylor
          Phone: 01702 467255
          Fax:   01702 467201
          Web site: http://www.begbies.com


MARK WARD: PwC to Give Final Liquidation Update September 27
------------------------------------------------------------
The final meetings of the members and creditors of Mark Ward
Refrigeration Services Limited will be on September 27, 2004
commencing at 11:00 a.m. and 11:15 a.m. respectively.  It will
be held at the offices of PricewaterhouseCoopers LLP, Hill
House, Richmond Hill, Bournemouth, Dorset BH2 6HR.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with PricewaterhouseCoopers LLP, Hill House,
Richmond Hill, Bournemouth, Dorset BH2 6HR not later than 12:00
noon, September 24, 2004.

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Hill House,
          Richmond Hill,
          Bournemouth, Dorset BH2 6HR
          Joint Liquidators:
          P M Boyden
          P W Harding
          Phone: [44] (1202) 294621
          Fax:   [44] (1202) 556978
          Web site: http://www.pwc.com


MUNRADTECH LIMITED: Names HKM Administrator
-------------------------------------------
Holding company Munradtech Limited has appointed John Phillip
Walter Harlow as administrator.  The appointment was made August
5, 2004.  Its registered address is c/o HKM LLP, The Old Mill, 9
Soar Lane, Leicester LE3 5DE.

CONTACT:  HKM LLP
          The Old Mill,
          9 Soar Lane,
          Leicester LE3 5DE
          Administrator:
          John Phillip Walter Harlow
          Phone: +44(0) 116 242 5100
          Fax:   +44(0) 116 242 5200
          Insolvency Fax: +44 (0) 116 242 5201
          Web site: http://www.hkm.co.uk


ON-TRAC: Creditors Meeting Set September 2
------------------------------------------
           IN THE MATTER OF THE INSOLVENCY ACT 1986

                            and

           IN THE MATTER OF On-Trac Recruitment Ltd.

Notice is hereby given, pursuant to section 98 of the Insolvency
Act 1986, that a meeting of Creditors of On-Trac Recruitment
Ltd. will be held at Rifsons House 63-64 Charles Lane London NW8
7SB on September 2, 2004 at 12:30 p.m. for the purpose of having
a full statement of the position of the Company's affairs,
together with a list of the Creditors of the Company and the
estimated amount of their claims, laid before them, and for the
purpose, if thought fit, of nominating a Liquidator and of
appointing a Liquidation Committee.  (Sections 99-101 of the
said Act)

In accordance with section 98 (2) Insolvency Act 1986, a list of
Creditors' names and addresses will be available for inspection,
free of charge, at Rifsons, Rifsons House 63-64 Charles Lane
London NW8 7SB on two business days next before the meeting.

By Order of the Board.

L. Williams, Director
July 30, 2004

CONTACT:  RIFSONS
          Rifsons House
          63-64 Charles Lane
          St. Johns Wood
          London NW8 7SB
          Phone:  +0207+586+7032 (2 lines)
                  +0207+586+9831 (3 lines)
          Fax: +0207+586+9834
          E-mail: rifsons@wol.net.pk
          Web site: http://www.rifsons.com


ORION FOOTWEAR: Hires Baker Tilly Liquidator
--------------------------------------------
At an extraordinary general meeting of the Orion Footwear
Limited Company on August 17, 2004 held at Baker Tilly, 2
Whitehall Quay, Leeds LS1 4HG, the Special, Ordinary and
Extraordinary Resolutions to wind up the company were passed.
Robert Henry Barker of Baker Tilly, 2 Whitehall Quay, Leeds LS1
4HG and Alec David Pillmoor, of Baker Tilly, Wilberforce Court,
Alfred Gelder Street, Hull HU1 1YH have been appointed joint
liquidators for the purpose of such winding-up.

CONTACT:  BAKER TILLY
          2 Whitehall Quay
          Leeds LS1 4HG
          Liquidator:
          Robert Henry Barker
          Phone: 0113 285 5000
          Fax:   0113 285 5001
          Web site: http://www.bakertilly.co.uk

          BAKER TILLY
          Wilberforce Court,
          Alfred Gelder Street,
          Hull HU1 1YH
          Liquidator:
          Alec David Pillmoor
          Phone: 01482 327406
          Fax:   01482 326957
          Web site: http://www.bakertilly.co.uk


POTTERS CHILDRENS: Business for Sale
------------------------------------
Following a financial reorganization, the Joint Administrators
of Triangle One Limited, Malcolm Fillmore and Ranjit Bajjon of
Benedict Mackenzie LLP offer for sale the business of Potters
Children's Store.

Principal features of the business are:

(a) Exciting "different" children's store concept,

(b) Existing outlets at Brighton and Bromley,

(c) Successful Start-up,

(d) Ready for Stage 2 Expansion,

(e) Experienced Senior Management, and

(f) Significant E-Commerce Prospects

CONTACT:  BENEDICT MACKENZIE
          Malcolm Fillmore
          Phone: 01293 410333
          Fax: 01293 428530
          E-mail: m.fillmore@benemack.com


ROOSEVELT PARK: Members, Creditors Meeting September 21
-------------------------------------------------------
The general meetings of the members and creditors of Roosevelt
Park Limited will be on September 21, 2004 commencing at 11:00
a.m. and 11:30 a.m. respectively.  It will be held at the
offices of HKM, 73-75 Aston Road North, Waterlinks, Birmingham
B6 4DA.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with HKM, 73-75 Aston Road North, Waterlinks,
Birmingham B6 4DA not later than 12:00 noon, September 20, 2004.

CONTACTG:  HKM
           73-75 Aston Road North,
           Waterlinks, Birmingham B6 4DA
           Joint Liquidator:
           K Mistry
           Phone: +44 (0) 121 333 7300
           Fax:   +44 (0) 121 333 7301
           Web site: http://www.hkm.co.uk


SKYLIGHT LIMITED: Calls in Liquidator from Royce Peeling Green
--------------------------------------------------------------
At an extraordinary general meeting of the Skylight Limited
Company on August 20, 2004 held at the offices of Royce Peeling
Green, The Copper Room, Deva Centre, Trinity Way, Manchester M3
7BG, the Ordinary and Extraordinary Resolutions to wind up the
company were passed.  Peter Jones and Roderick Michael
Withinshaw, of Royce Peeling Green, The Copper Room, Deva
Centre, Trinity Way, Manchester M3 7BG have been appointed joint
liquidators of the Company for the purpose of such winding-up.

CONTACT:  ROYCE PEELING GREEN
          The Copper Room
          Deva Center, Trinity Way,
          Manchester M3 7BG
          Joint Liquidators:
          Peter Jones
          Roderick Michael Withinshaw
          Phone: 0161 6080000
          Fax:   0161 608 0001
          E-mail: info@rpg.co.uk
          Web site: http://www.rpg.co.uk


SPERO COMMUNICATIONS: Extraordinary Winding up Resolution Passed
----------------------------------------------------------------
At an extraordinary general meeting of the Spero Communications
Limited on August 20, 2004 held at Leonard Curtis & Co, One
Great Cumberland Place, Marble Arch, London W1H 7LW, the
Extraordinary Resolution to wind up the company was passed.  K D
Goodman, of Leonard Curtis & Co, One Great Cumberland Place,
Marble Arch, London W1H 7LW has been appointed the liquidator of
the company for the purpose of such winding-up.

CONTACT:  LEONARD CURTIS & CO
          One Great Cumberland Place,
          Marble Arch, London W1H 7LW
          Liquidator:
          K D Goodman
          Phone: 020 7535 7000
          Fax:   020 7723 6059
          E-mail: solutions@leonardcurtis.co.uk
          Web site: http://www.leonardcurtis.co.uk


TDSE UK: Hires PricewaterhouseCoopers Liquidator
------------------------------------------------
At a meeting of the TDSE UK Limited on August 18, 2004, the
Special and Ordinary Resolutions to wind up the company were
passed.  Tim Walsh and Jonathan Sisson of PricewaterhouseCoopers
LLP, Benson House, 33 Wellington Street, Leeds LS1 4JP have been
appointed joint liquidators of the company for the purpose of
such winding-up.

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Benson House
          33 Wellington Street
          Leeds LS1 4JP
          Joint Liquidators:
          Tim Walsh
          Jonathan Sisson
          Phone: [44] (113) 289 4000
          Fax:   [44] (113) 289 4460
          Web site: http://www.pwcglobal.com


U.K. TELCOM: Names Liquidator from Hurst Morrison Thomson
---------------------------------------------------------
At an extraordinary general meeting of the U.K. Telecom Limited
held at 5 Fairmile, Henley-on-Thames, Oxfordshire RG9 2JR,
Extraordinary Resolution to wind up the company was passed.
Robert Christopher Keyes of Hurst Morrison Thomson Corporate
Recovery LLP, 5 Fairmile, Henley-on-Thames, Oxfordshire RG9 2JR
has been appointed liquidator for the purpose of such winding-
up.

CONTACT:  HURST MORRISON THOMSON CORPORATE RECOVERY LLP
          5 Fairmile, Henley on Thames,
          Oxfordshire RG9 2JR
          Liquidator:
          Christopher Keyes
          Phone: +44 (0) 1491 579866
          Fax:   +44 (0) 1491 573397
          E-mail: hmt@hmtgroup.co.uk


UNIFURNACES (HOLDINGS): Sets General Meeting September 6
--------------------------------------------------------
The meetings of the members and creditors of Unifurnaces
(Holdings) Limited will be on September 6, 2004 commencing at
10:30 a.m. and 11:00 a.m. respectively.  It will be held at
Moore Stephens Corporate Recovery, Beaufort House, 94-96 Newhall
Street, Birmingham B3 1PB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Moore Stephens Corporate Recovery, Beaufort
House, 94-96 Newhall Street, Birmingham B3 1PB not later than
12:00 noon, September 3, 2004.

CONTACT:  MOORE STEPHENS CORPORATE RECOVERY
          Beaufort House
          94-96 Newhall Street,
          Birmingham B3 1PB
          Liquidator:
          Roderick Graham Butcher
          Phone: 0121 233 2557
          Web site: http://www.moorestephens.co.uk


UNITED BISCUITS: Ratings Cut to 'B'; Outlook Stable
---------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term
corporate credit ratings on U.K.-based biscuits and snacks
manufacturer United Biscuits Finance PLC -- and its direct
subsidiary Regentrealm Ltd. -- to 'B' from 'B+', and removed the
ratings from CreditWatch.  The ratings were originally placed on
CreditWatch on July 26, 2004, following the group's announcement
that it had signed an agreement to acquire Jacob's Biscuit
Group, a savory biscuits and snacks business.  The outlook is
stable.

"The downgrade reflects United Biscuits' choice to fully finance
its acquisition of Jacob's by debt," said Standard & Poor's
credit analyst Sunita Kara.  "The group, which already has a
highly leveraged financial profile, is also facing increased
competitive pressures in its main U.K. biscuits and snacks
market, which have also contributed to depressed credit-
protection measures."

The transaction has yet to be finalized as it is subject to
approval from the competition authorities.  The rating actions
reflect Standard & Poor's expectation of the transaction being
completed on the terms that were announced, together with an
expected successful negotiation of an appropriate financing
package.

A large part of the Jacob's integration will take place in 2005,
and as a result the group will incur another year of above-
normal cash outflows associated with restructurings.  Although
this would result in very limited free cash flow generation from
operations, it is still expected to be commensurate with the
mandatory debt repayment in that year.  Standard & Poor's
believes the integration of Jacob's and the plan to extract
targeted synergies on a timely basis, in addition to the need to
manage the competitive situation in the U.K., is likely to put a
strain on the group's management.

The acquisition of the savory biscuits and snacks business,
which will account for about 10% of total sales, is mildly
positive for United Biscuits' overall market position.  This is
because of Jacob's largely branded product portfolio of well-
known brands, and relatively high EBITDA margins.  The business
has also been facing the same external challenges that affect
profitability at United Biscuits, however, namely price pressure
from retailers and commodity price inflation.

United Biscuits' should be able to sustain the profitability of
its U.K. business at the current level.  The group also has a
track record in extracting costs, which supports its intention
to realize the planned synergies in a timely manner.  United
Biscuits' very highly leveraged financial profile is expected to
improve only gradually, however, due to initially limited free
cash flow generation.

Ratings information is available to subscribers of
RatingsDirect, Standard & Poor's Web-based credit analysis
system, at http://www.ratingsdirect.com. It can also be found
at http://www.standardandpoors.com. Alternatively, call one of
the following Standard & Poor's numbers: London Ratings Desk
(44) 20-7176-7400; London Press Office Hotline (44) 20-7176-
3605; Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225;
Stockholm (46) 8-440-5916; or Moscow (7) 095-783-4017.  Members
of the media may also contact the European Press Office via e-
mail: media_europe@standardandpoors.com.

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Analyst E-mail Addresses
          sunita_kara@standardandpoors.com
          vincent_allilaire@standardandpoors.com
          CorporateFinanceEurope@standardandpoors.com


VERTIGO CLADDING: Members, Creditors Meeting Set September 24
-------------------------------------------------------------
The general meetings of the members and creditors of Vertigo
Cladding & Services Limited will be on September 24, 2004
commencing at 10:30 a.m. and 11:00 a.m. respectively.  It will
be held at Moore Stephens Corporate Recovery, Beaufort House,
94-96 Newhall Street, Birmingham B3 1PB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
Company disposed of, and to hear any explanation that may be
given by the liquidator.  Members or creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms
must be lodged with Moore Stephens Corporate Recovery, Beaufort
House, 94-96 Newhall Street, Birmingham B3 1PB not later than
12:00 noon, September 23, 2004.

CONTACT:  MOORE STEPHENS CORPORATE RECOVERY
          Beaufort House
          94-96 Newhall Street,
          Birmingham B3 1PB
          Liquidator:
          Roderick Graham Butcher
          Phone: 0121 233 2557
          Web site: http://www.moorestephens.co.uk


WIDNES PLANT: Members Pass Winding up Resolutions
-------------------------------------------------
At an extraordinary general meeting of the Widnes Plant Hire
Limited Company on August 13, 2004 held at Tomlinsons, St John's
Court, 72 Gartside Street, Manchester M3 3EL, the Resolutions to
wind up the company were passed.  Alan H Tomlinson of
Tomlinsons, St John's Court, 72 Gartside Street, Manchester M3
3EL has been appointed as liquidator of the company for the
purpose of such winding-up.

CONTACT:  TOMLINSONS
          St John's Court,
          72 Gartside Street,
          Manchester M3 3EL
          Liquidator:
          A H Tomlinson
          Phone: 0870 60 70 170
          Fax:   0870 60 70 180
          E-mail: advice@tomlinsons.co.uk
          Web site: http://www.tomlinsons.co.uk


ZONEWEB LIMITED: Execs Get Temporary Ban from Holding Office
------------------------------------------------------------
Two directors of a printing business that failed have given
undertakings not to hold directorships or take any part in
company management for five and three years respectively.

The undertakings by Neilson Henry Moore, 61, of Cox Hill, Great
Easton, Dunmow; and Wayne Moore, 39, of Gore Road, London, E9,
were given in respect of their conduct as directors of Zoneweb
Limited and Winchmore Supplies & Services Limited which both
traded from premises at 48- 50 Fowler Road, Hainault, Ilford,
Essex, IG6 3UT.

Acceptance of the undertakings on August 5, 2004 prevents
Neilson and Wayne Moore from being a director of a company or,
in any way, whether directly or indirectly, being concerned or
taking part in the promotion, formation or management of a
company for five and three years each.

Zoneweb was placed into voluntary liquidation on August 15, 2002
with estimated debts of GBP581,039 owed to creditors.  Winchmore
was placed into voluntary liquidation on May 27, 2003 with
estimated debts of GBP374,552 owed to creditors.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered unfit
to be involved in the management of companies in the future.
Matters of unfit conduct, not disputed by Neilson and Wayne
Moore, were that Neilson Moore caused and Wayne Moore allowed:

(a) Zoneweb to breach its statutory obligations to Crown
    departments to file returns and make tax payments;

(b) Winchmore to breach its statutory obligations to submit to
    the Inland Revenue, tax returns for the years 2002/2003 and
    2003/2004.  No tax deductions were made from employees and
    GBP150,000 was due to the Inland Revenue at liquidation.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


* Large Companies with Insolvent Balance Sheets
-----------------------------------------------

                                Shareholders   Total    Working
                                   Equity      Assets   Capital
                        Ticker     (US$MM)    (US$MM)   (US$MM)
                        ------   -----------  -------   --------
AUSTRIA
-------
Libro A.G.                          (111)         174     (182)


BELGIUM
-------
Carestel                                          178      (68)
City Hotels                                       210      (15)
Real Software                                     176       17


CZECH REPUBLIC
--------------
Ceskomoravska Kolben &
   Danek Praha Holding               (89)         192   (2,186)


DENMARK
-------
Elite Shipping                       (28)         101       19


FRANCE
------
Arbel                                             213       47
Banque Nationale
   de Paris Guyane        BNPG       (41)         352      N.A.
BSN Glasspack                       (101)       1,151      179
Compagnie Francaise de
   l'Afrique Occidentale             (65)         256       21
Charbo de France                                4,738    2,868
Cofidur S.A.                          (5)         102       19
Euro Computer System                (110)         682      377
Grande Paroisse S.A.                (927)         629      330
Immob Hoteliere                                   233       29
LVL Medical Group                                 149       (6)
Pneumatiques Kleber S.A.             (34)         480      139
SDR Picardie                        (135)         413      N.A.
Soderag                                           404      N.A.
Sofal S.A.                          (305)       6,619      N.A.
Spie-Batignolles                     (16)       5,281       75
St Fiacre (FIN)                       (1)         111      (33)
Trouvay Cauvin            TRCN        (0)         134       10
Usines Chauson                       (23)         249       35


GERMANY
-------
Dortmunder
   Actien-Brauerei        DABG       (13)         118      (29)
F.A. Guenther & Sohn A.G. GUSG        (8)         111      N.A.
Kaufring A.G.             KAUG       (19)         151      (51)
Nordsee A.G.                          (8)         195      (31)
Primacom A.G.                                   1,264      (50)
Schaltbau A.G.            SLTG       (16)         149       26
Sinn Leffers                                      454      145
Vereinigter
   Baubeschlag-Handel
   Holding A.G.           VBHG       (24)         337      (80)


ITALY
-----
Binda S.p.A.              BND        (11)         129      (20)
Coin S.p.A.                                       974      (97)
Credito Fondiario
   e Industriale S.p.A.   CRF       (200)       4,218      N.A.
Finpart S.p.A.                                     793      248
Olcese S.p.A.                                      180      (64)
Tecnodiff Italia                                  152       24


NETHERLANDS
-----------
Baan Company N.V.         BAAN        (8)         610       46
Numico N.V.                                     2,030       83
United Pan-Euro Air       UPC     (5,266)       5,180   (8,730)


NORWAY
------
Pan Fish ASA                                      514     (327)
Petroleum-Geo Services    PGO        (32)       2,963   (5,250)


POLAND
------
Animex S.A.               ANX         (1)         108      (86)
Exbud Skanska S.A.        EXBUF       (9)         315     (330)
Media Capital                                     399      (85)
Mostostal Zabrze                                  227      336
Stalexport                                        229       51


RUSSIA
------
Kamchatskenergo                                   291    7,320
Zil Auto                                          333  (10,769)



SPAIN
-----
Altos Hornos de Vizcaya S.A.        (116)       1,283     (278)
Santana Motor S.A.                   (46)         223       41
Sniace S.A.                          (11)         137      (34)


SWITZERLAND
-----------
Kaba Holding A.G.         KABZN      (47)         572      278
Swisslog Holding-R                                354      151


UNITED KINGDOM
--------------
Abbott Mead Vickers                   (2)         168      (16)
Alldays Plc                         (120)         252     (202)
Amey Plc                             (49)         932      (47)
Bonded Coach
   Holiday Group Plc                  (6)         188      (44)
Blenheim Group                      (153)         198      (34)
Booker Plc                BKRUY      (60)       1,298       (8)
Bradstock Group           BDK         (2)         269        5
Brent Walker Group        BWL     (1,774)         867   (1,157)
British Nuclear Fuels Plc         (2,627)      40,326     (977)
Center Parcs (UK)
    Group Plc                        (77)         423     (227)
Compass Group             CPG       (668)       2,972     (298)
Costain Group                                     396        4
Dawson Holdings           DWSN       (29)         142      (29)
Dignity PLC                                       485      (89)
Easynet Group                                     323       38
Electrical and Music      EMI
   Industries Group                 (885)       3,472     (293)
Euromoney                                         167        2
Gallaher Group            GLH       (543)       6,304      116
Gartland Whalley                     (11)         145       (8)
Global Green Tech Group             (156)         408      (18)
Heath Lambert
   Fenchurch Group PLC               (10)       4,109      (10)
HMV Group PLC             HMV       (211)         997      (56)
Intertek Testing Services ITRK      (134)         508       77

Invensys PLC                                    5,885      882
IPC Media Ltd.                      (685)         254       16
Lambert Fenchurch Group               (1)       1,827        3
Lattice Group                     (1,290)      12,410   (1,228)
Leeds United                                      144      (29)
Manchester City                      (17)         154      (21)
Misys PLC                 MSY       (161)         934       44
Mytravel Group                                  2,551     (533)
Orange PLC                ORNGF     (594)       2,902        7
PD Ports PLC                                      361        0
Premier Foods                                   1,105       34
Regus Plc                                         367       60
Rentokil Initial Plc      RTO     (1,130)       3,245      (68)
Saatchi & Saatchi         SSI       (119)         705      (41)
Seton Healthcare                     (11)         157        0

Each Tuesday edition of the TCR-Europe contains a list of
companies with insolvent balance sheets based on the latest
publicly available balance sheet available to our editors at the
time of publication.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell
short.  Don't be fooled.  Assets, for example, reported at
historical cost net of depreciation may understate the true
value of a firm's assets.  A company may establish reserves on
its balance sheet for liabilities that may never materialize.
The prices at which equity securities trade in public market are
determined by more than a balance sheet solvency test.


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Larri-Nil Veloso, Ma. Cristina Canson,
Liv Arcipe, and Julybien Atadero, Editors.

Copyright 2004.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$575 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


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