TCREUR_Public/041213.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

           Monday, December 13, 2004, Vol. 5, No. 246

                            Headlines

F R A N C E

REMY COINTREAU: Credits 'Value Strategy' for Solid H1 Results


G E R M A N Y

BDD BEROLINA: Administrator's Report Out Next Month
BK-KABEL GMBH: Gives Creditors Until this Week to File Claims
COOKIE COMPANY: Succumbs to Bankruptcy
HEBA GEISELTALER: Court Sets Claims Deadline January
MFS FORDERSYSTEME: Creditors' Meeting Set January

MODESTA SCHMUCK: Bankruptcy Court Stays All Pending Lawsuits
OMTEC BAU: Under Bankruptcy Administration
PRO-KRAFT: Sets Creditors' Meeting Thursday
RABO PROJEKTMANAGEMENT: Applies for Bankruptcy Proceedings
UNIT BAUPROJEKTMANAGEMENT: Koln Court Appoints Administrator


I T A L Y

PARMALAT U.S.A.: Farmland Reaches Deal with Unsecured Creditors


P O L A N D

CZESTOCHOWA STEEL: E.U. Fine to Sway Sale Price, Says Investor
ELEKTRIM SA: Vivendi Keeps Legal Ownership of PTC Shares


R U S S I A

AGRO-KHIMIYA: Sets Public Auction this Week
CONCRETE-PROM-RESOURCE: Declared Insolvent
DROSKOVO: Deadline for Proofs of Claim January
ELEKTROUGLINSKIY FACTORY: Under Bankruptcy Supervision
KALININSKOYE: Gives Creditors Until January to File Claims

MERIT-BANK: Bankruptcy Proceedings Begin
MISHERON-GLASS: Hires N. Solovyev as Insolvency Manager
NYUKSENSKIY WOOD-PROM-KHOZ: Sets Public Auction this Week
ORBITA: Komi Court Appoints Insolvency Manager
SIB-PROD-COM: Hires V. Bolba as Insolvency Manager
TULA-MILK: Insolvency Manager to Temporarily Oversee Business


S W E D E N

SCANDINAVIAN AIRLINES: Opens New Non-stop Routes


U K R A I N E

DONETSKMETALURGREMONT: Court Grants Debt Moratorium
KIROVOGRADBUD: Undergoes Bankruptcy Supervision Procedure
KIROVOGRAD' QUARRY: Insolvency Manager to Temporarily Run Biz
KOMETA: Court Appoints Temporary Insolvency Manager
PUBLISHERS LUGAN: Hires Oleksij Kovalyov as Insolvency Manager

RADYANSKA DONETCHINA: Bankruptcy Supervision Begins
REINFORCED METAL: Under Bankruptcy Supervision
SEZAM: Succumbs to Insolvency
STAHANOVSHLYAHBUD: Calls in Liquidator
UKRMETALURGCOMPLEX: Bankruptcy Supervision Begins


U N I T E D   K I N G D O M

22 22 MEDIA: Members Pass Winding up Resolutions
AC PROMOTIONS: Names BWC Business Solutions Liquidator
ARTHUR COOPER: Special Winding up Resolutions Passed
BELFAST EUROPA: Calls in Liquidators from Mercer & Hole
BRIGHTON GRAND: Hires Liquidators from Mercer & Hole

COOPER & ROE: To Axe Up to 320 Employees
GLOW COMMUNICATIONS: Hires Antony Batty as Administrator
ICE SYSTEMS: Brings in Administrator from Geoffrey Martin & Co.
IRONMAN LIMITED: Clothing Company Calls in Administrator
JARVIS PLC: Faces Possible Legal Action Over PFI Deal

MARCONI CORPORATION: Named Preferred Bidder for SCADA Project
PENHURST (HAMLET): Hires Baker Tilly as Liquidator
PNEUMATIC HYDRAULIC: Special Winding up Resolution Passed
PREMIER FOODS: Buys Kraft Food Brands for GBP70 Million
PREMIER FOODS: Buying Kraft's U.K. Desserts Biz for US$135 Mln

QDOS INDUSTRIES: HSBC Bank Appoints P&A Partnership Receiver
REGIS (NATIONWIDE FINN HOUSE): Calls in Liquidator from Begbies
SCOTT ASSOCIATES: Hires Administrators from Bridgers
THE FRUIT: Names Shaw and Brook Administrators
THORNTONS PLC: Appoints New Finance Director
TTH HOLDINGS: Hires Administrators from Kroll Limited


                            *********


===========
F R A N C E
===========


REMY COINTREAU: Credits 'Value Strategy' for Solid H1 Results
-------------------------------------------------------------
Highlights of interim results for the six months ended 30
September 2004:

(a) Turnover: organic growth of 6.3%,

(b) Operating profit: organic growth of 18.6%

The key data for the first six months of the year confirms the
impact of the value strategy adopted by the Group and the
relevance of the brands' top of the range positioning.  Remy
Cointreau recorded a solid improvement in its performance in the
six months under review.

All the Group's major brands achieved growth in their principal
markets: Remy Martin in China and the U.S., Cointreau in the
U.S., Piper-Heidsieck champagne international sales recovered
strongly in the second quarter, Bols Vodka in Poland.

Price increases, sustained marketing expenditure and the
acceleration of innovation, combined with the effectiveness of
operating economies, resulted in the improvement of the Group's
operating profitability.  Debt and financial charges decreased.
However, Remy Cointreau's organic performance, achieving over
50% of its sales outside the Euro zone, has been offset by a
negative exchange rate effect, despite the Group's efficient
hedging policy.

A full copy of the financial report is available free of charge
at http://bankrupt.com/misc/Remy_6Mos2004.pdf.

                            *   *   *

In August, Standard & Poor's Ratings Services revised its
outlook on Remy to negative from stable.  At the same time, it
also affirmed its 'BB' long-term corporate credit and senior
unsecured debt ratings on the group.

"We are concerned by Remy Cointreau's stretched financial
profile," said Standard & Poor's credit analyst Patrice
Cochelin.  "Since the group's debt s essentially euro-
denominated, debt measures are not naturally hedged against
dollar movements, which caused funds from operations (FFO)
coverage of net fully adjusted debt to drop to a very low 8.2%
at March 31, 2004 (9.8%, excluding the cooperatives' debt)."

Remy Cointreau reported gross consolidated debt of EUR944
million at end-March 2004.

Standard & Poor's expects that foreign exchange variations will
continue to exceed improvements in Remy Cointreau's organic
profit in the coming months.

"The rating could be lowered by one notch if prospects for a 15%
FFO coverage of net adjusted debt by March 2006 recede further.
We expect meaningful progress to have been made in that respect
by March 31, 2005," added Mr. Cochelin

The ratings on Remy Cointreau continue to reflect the group's
leading position in cognac, leveraged financial profile, and
certain degree of business diversity (presence in spirits,
liqueurs, and champagne).


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


BDD BEROLINA: Administrator's Report Out Next Month
---------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against BDD Berolina Drug Development GmbH on Nov.
16, 2004.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
Feb. 14, 2005 to register their claims with court-appointed
provisional administrator Hartwig Albers.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 11, 2005, 9:30 a.m. at the district court of
Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II at which
time the administrator will present his first report of the
insolvency proceedings.  The court will verify the claims set
out in the administrator's report on April 13, 2005 at the same
venue.

CONTACT:  BDD BEROLINA DRUG DEVELOPMENT GMBH
          Bitterfelderstr. 19,12681 Berlin

          Hartwig Albers, Insolvency Manager
          Lutzowstr. 100, 10785 Berlin


BK-KABEL GMBH: Gives Creditors Until this Week to File Claims
-------------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against BK-Kabel GmbH on Nov. 5, 2004.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Dec. 15, 2004 to register their
claims with court-appointed provisional administrator Henning
Schorisch.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 27, 2005, 10:30 a.m. at the district court
of Dresden, Olbrichtplatz 1, 01099 Dresden, at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  BK-KABEL GMBH
          Theresienstr. 8 in 01097 Dresden
          Paul Alfred Hubert, Manager

          HWW
          Web site: http://www.hww-kanzlei.de
          Henning Schorisch, Insolvency Manager
          Wasastrasse 15, 01219 Dresden


COOKIE COMPANY: Succumbs to Bankruptcy
--------------------------------------
The district court of Koln opened bankruptcy proceedings against
The Cookie Company GmbH on Nov. 2, 2004.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Dec. 22, 2004 to register their
claims with court-appointed provisional administrator Ulrich
Forster.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 25, 2005, 9:30 a.m. at the district court of
Koln, Hauptstelle, Luxemburger Strasse 101, 50939 Koln, 1.
Etage, Saal 142, at which time the administrator will present
his first report of the insolvency proceedings.  The court will
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  THE COOKIE COMPANY GMBH
          Schloss-Rahe-Str. 15, 52072 Aachen
          Leonardus Antonius Julia Kroese, Manager

          Ulrich Forster, Insolvency Manager
          Martinstr. 22 - 24, 50667 Koln
          Phone: 9257000
          Fax: +4922192570050


HEBA GEISELTALER: Court Sets Claims Deadline January
----------------------------------------------------
The district court of Halle-Saalkreis opened bankruptcy
proceedings against HeBa Geiseltaler-Haustechnik GmbH on Nov.
12, 2004.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
Jan. 12, 2005 to register their claims with court-appointed
provisional administrator Dr. Dieter Kuhne.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 9, 2005, 9:00 a.m. at the district court of
Halle-Saalkreis, Saal 1.043, Justizzentrum, Thuringer Str. 16,
06112 Halle, at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  HEBA GEISELTALER-HAUSTECHNIK GMBH
          Brauhausstr. 2, 06242 Braunsbedra (HRB 10867)
          Daniel Konig

          Dr. Dieter Kuhne, Insolvency Manager
          Grenzstrasse 37, D-06112 Halle
          Phone: 0345/5703290
          Fax: 0345/5703299


MFS FORDERSYSTEME: Creditors' Meeting Set January
-------------------------------------------------
The district court of Bremen opened bankruptcy proceedings
against MFS Fordersysteme GmbH on Nov. 12, 2004.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until Feb. 8, 2005 to
register their claims with court-appointed provisional
administrator Dr. Jochen Orgelmann.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 6, 2005, 9:45 a.m. at the district court of
Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr. 25-31,
28195 Bremen, at which time the administrator will present his
first report of the insolvency proceedings.  The court will
verify the claims set out in the administrator's report on March
3, 2005 at the same venue.

CONTACT:  MFS FORDERSYSTEME GMBH
          Kedinger Str. 15, 28259 Bremen (AG Bremen, HRB 21126)
          Ralf Hartmut Bethke, Manager

          Dr. Jochen Ogelmann, Insolvency Manager
          Schillerstr. 10, 28195 Bremen
          Phone: 0421/337790
          Fax: 0421/3377933


MODESTA SCHMUCK: Bankruptcy Court Stays All Pending Lawsuits
------------------------------------------------------------
The district court of Erfurt opened bankruptcy proceedings
against Modesta Schmuck GmbH on Nov. 15, 2004.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until Dec. 27, 2004 to
register their claims with court-appointed provisional
administrator Thomas Alter.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 17, 2005, 11:00 a.m. at the district court
of Erfurt, Saal 12, Justizzentrum Erfurt, Amtsgericht Erfurt,
Rudolfstr. 46, 99092 Erfurt at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

CONTACT:  MODESTA SCHMUCK GMBH
          Ohrdrufer Strasse 44, 99880 Waltershausen
          Dietrich Seifert, Manager

          Thomas Alter, Insolvency Manager
          Schillerstr.2, 99096 Erfurt


OMTEC BAU: Under Bankruptcy Administration
------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against OMTEC Bau GmbH on Nov. 17, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Feb. 9, 2005 to
register their claims with court-appointed provisional
administrator Dr. Dirk Wittkowski.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 12, 2005, 9:30 a.m. at the district court of
Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, at which time the administrator will present his first
report of the insolvency proceedings.  The court will verify the
claims set out in the administrator's report on April 6, 2005 at
the same venue.

CONTACT:  OMTEC BAU GMBH
          Josef-Orlopp-Str. 94,10365 Berlin

          RA Dr. Dirk Wittkowski, Insolvency Manager
          Kirchblick 11, 14129 Berlin


PRO-KRAFT: Sets Creditors' Meeting Thursday
-------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against Pro-Kraft-GmbH on Nov. 15, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 27, 2005
to register their claims with court-appointed provisional
administrator Dr. Dirk Wittkowski.

Creditors and other interested parties are encouraged to attend
the meeting on Dec. 16, 2004, 10:40 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, at which time the administrator will present his first
report of the insolvency proceedings.  The court will verify the
claims set out in the administrator's report on March 24, 2005
at the same venue.

CONTACT:  PRO-KRAFT-GMBH
          Seeburger Strasse 8-11,13581 Berlin

          RA Dr. Dirk Wittkowksi, Insolvency Manager
          Kirchblick 11, 14129 Berlin


RABO PROJEKTMANAGEMENT: Applies for Bankruptcy Proceedings
----------------------------------------------------------
The district court of Halle-Saalkreis opened bankruptcy
proceedings against RABO Projektmanagement- und
GrundstUcksentwicklungs-GmbH on Nov. 9, 2004.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Jan. 4, 2005 to register their
claims with court-appointed provisional administrator Rudiger
Bauch.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 1, 2005, 9:15 a.m. at the district court of
Halle-Saalkreis, Saal 1043, Justizzentrum, Thuringer Str. 16,
06112 Halle at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  RABO PROJEKTMANAGEMENT- UND GRUNDSTUCKSENTWICKLUNGS-
          GMBH
          Dieselstrasse 136, 06130 Halle (HRB 10997)
          Detlef Forster, Manager

          Rudiger Bauch, Insolvency Manager
          Sternstrasse 13, D-06108 Halle
          Phone: 0345/5200111
          Fax: 0345/5200066


UNIT BAUPROJEKTMANAGEMENT: Koln Court Appoints Administrator
------------------------------------------------------------
The district court of Koln opened bankruptcy proceedings against
UNIT Bauprojektmanagement und Baugesellschaft mbH on Nov. 17,
2004.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until Jan. 20,
2005 to register their claims with court-appointed provisional
administrator Dr. Wolfgang Delhaes.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 15, 2005, 10:00 a.m. at the district court
of Koln, Hauptstelle, Luxemburger Strasse 101, 50939 Koln, 13.
Etage, Saal 1311 at which time the administrator will present
his first report of the insolvency proceedings.  The court will
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT: UNIT BAUPROJEKTMANAGEMENT UND BAUGESELLSCHAFT MBH
         St. Katharinen 16, 50678 Koln
         Alfred Siniatowicz, Manager

         Dr. Wolfgang Delhaes, Insolvency Manager
         Media Park 6 A, 50670 Koln
         Phone: 0221/574 379 04
         Fax: +4922157437939


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


PARMALAT U.S.A.: Farmland Reaches Deal with Unsecured Creditors
---------------------------------------------------------------
Farmland Dairies LLC has filed its Disclosure Statement and Plan
of Reorganization with the United States Bankruptcy Court for
the Southern District of New York.

"We have worked very closely with our creditors to develop a
plan of reorganization that should be accepted, approved and
executed in the coming months," said James A. Mesterham, Chief
Restructuring Officer of Farmland.  "The filing of our plan is a
milestone that is one of the final steps towards allowing
Farmland to emerge as a strong competitor in the dairy
industry."

The cornerstone of the plan is an agreement that was reached
between GE Commercial Finance, the lessor of a majority of
Farmland's manufacturing equipment at its New Jersey and
Michigan production facilities, and the Unsecured Creditors
Committee.

The plan calls for the satisfaction of the company's pre-
petition liabilities through the issuance of cash, notes, stock
and rights to pursue certain causes of action.  Specifically,
Farmland's unsecured creditors will receive cash, a note, and
preferential rights of recovery from causes of action pursued by
a litigation trust.  Farmland is expected to emerge as a stand-
alone entity that will be majority owned by GE Commercial
Finance on behalf of the lessor group.

Farmland's President Martin J. Margherio believes that the
company is well positioned for the future.

"We continue to be the leading supplier of high quality dairy
products in the metro New York and New Jersey markets, and are
strengthening our operations and refining our focus for the
long-term success of the company."

During the period of the bankruptcy proceedings, Farmland has
developed and is implementing an operating plan to consolidate
operations, reduce its production costs, and expand its product
offerings in the Parmalat(TM) brand aseptic product line and our
popular Farmland(TM) and Skim Plus(TM) brands.

With operating locations in Wallington New Jersey, Brooklyn New
York, Atlanta Georgia, and Grand Rapids Michigan, Farmland will
focus its operations around its market-leading northeast dairy
and national aseptic milk businesses.

"We would like to thank all of our employees, customers, vendors
and our farmers who have remained loyal supporters of Farmland
throughout this challenging process, and have helped us re-
emerge as a leader in the dairy industry," Mr. Margherio said.

Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue.  The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices.  The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq. and Marcia L.
Goldstein, Esq., of Weil Gotshal & Manges LLP, represent the
Debtors in their restructuring efforts.  On June 30, 2003, the
Debtors listed EUR2,001,818,912 in assets and EUR1,061,786,417
in debts.

CONTACT:  PARMALAT U.S.A. CORPORATION
          520 Main Ave.
          Wallington, NJ 07057
          Phone: 973 777 2500
          Fax:   973 777 7648
          Toll Free: 888 727 6252
          Web site: http://www.parmalatusa.com


===========
P O L A N D
===========


CZESTOCHOWA STEEL: E.U. Fine to Sway Sale Price, Says Investor
--------------------------------------------------------------
Potential bidders for Czestochowa Steel Mill have to include in
their offer a promise to cover potential penalties for state aid
received by the company.

Czestochowa has asked the European Union Commission for the
exact amount.  A representative of the seller said: "We have
sent a letter to Brussels and we are waiting for a reply."  The
Commission should have replied by the January 11, 2005 deadline
for offers.  LNM and Donbas are potential buyers.

"We are still willing to return the aid.  However, we need to
know earlier how high the figure is," a representative of one of
the investors said.

He added: "According to documents which we have received, it
turns out that the offer cannot be altered afterwards.  The
amount of the aid, which will have to be recovered, will
influence the proposed price."

CONTACT:  HUTA CZESTOCHOWA
          Ul. Kucelinska 22
          42-200 Czestochowa
          Phone: 0-34 323 12 61 to 68
          E-mail: huta@hcz.com.pl
          Web site: http://www.hcz.com.pl


ELEKTRIM SA: Vivendi Keeps Legal Ownership of PTC Shares
--------------------------------------------------------
The arbitral tribunal of Vienna has rejected all the claims of
T-Mobile against Elektrim Telekommunikacja (Telco) on the basis
that the Tribunal has no jurisdiction over the firm.

Vivendi Universal, which owns 49% of the share capital of Telco,
said, the decision confirms the firm's legal ownership of the
PTC shares.  PTC is the mobile phone unit of a holding company
controlled by Vivendi Universal, Warsaw-based Elektrim, and
Deutsche Telekom.  Deutsche Telecom is buying the remaining 51%
it does not own in the Polish wireless operator for EUR1.3
billion (US$1.7 billion) from its partners.  The European
Commission has given the go-ahead signal for the takeover
although negotiations are still to be completed.

Elektrim is selling its telecommunications assets to pay debt
and avoid a potential collapse.

CONTACT:  ELEKTRIM S.A.
          Panska 77/79
          00-834 Warszawa

          Public relations:
          Ewa Bojar
          Company Spokesman
          Phone: (+48 22) 432 89 55
          Fax:   (+48 22) 432 87 99
          E-mail: ewa_bojar@elektrim.pl

          Investor relations:
          Phone: (+48 22) 432 87 75
          Fax:   (+48 22) 432 87 99
          Web site: http://www.elektrim.pl

          VIVENDI UNIVERSAL
          Investor Relations
          Paris
          Daniel Scolan
          Phone: +33 (0) 1 71 71 32 91
          Laurence Daniel
          Phone: +33 (0) 1 71 71 12 33
          or
          New York
          Eileen McLaughlin
          Phone: +(1) 212 572 8961


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


AGRO-KHIMIYA: Sets Public Auction this Week
-------------------------------------------
The insolvency manager of open joint stock company Agro-Khimiya'
will sell its property on Dec. 14, 2004.  The starting price is
RUB220,000.  The list of documentary requirements is available
free of charge at 152400, Russia, Yaroslavl region, Danilov,
Yaroslavlskaya Str. 48b.

CONTACT:  AGRO-KHIMIYA
          152400, Russia, Yaroslavl region,
          Danilov, Yaroslavlskaya Str. 48b


CONCRETE-PROM-RESOURCE: Declared Insolvent
------------------------------------------
The Arbitration Court of Tyumen region has commenced bankruptcy
proceedings against Concrete-Prom-Resource after finding the
limited liability company insolvent.  The case is docketed as
A70-2512/3-04.  Mr. V. Bolba has been appointed insolvency
manager.  Creditors may submit their proofs of claim to 625001,
Russia, Tyumen-1, Post User Box 64.

CONTACT:  CONCRETE-PROM-RESOURCE
          Russia, Tyumen region,
          Zavodoukovsk, Ordzhonikidze Str. 1

          Mr. V. Bolba
          Insolvency Manager
          625001, Russia, Tyumen-1,
          Post User Box 64


DROSKOVO: Deadline for Proofs of Claim January
----------------------------------------------
The Arbitration Court of Orel region has commenced bankruptcy
proceedings against Droskovo after finding the agro-firm
insolvent.  The case is docketed as A48-2035/04-17B.  Mr. N.
Zelyakov has been appointed insolvency manager.  Creditors have
until Jan. 12, 2005 to submit their proofs of claim to 302029,
Russia, Orel, Moskovskoye Shosse, 56.

CONTACT:  AGRO-FIRM DROSKOVO
          Russia, Orel region,
          Pokrovskiy region, Droskovo

          Mr. N. Zelyakov
          Insolvency Manager
          302029, Russia, Orel,
          Moskovskoye Shosse, 56


ELEKTROUGLINSKIY FACTORY: Under Bankruptcy Supervision
------------------------------------------------------
The Arbitration Court of Moscow region has commenced bankruptcy
supervision procedure on close joint stock company
Elektrouglinskiy Factory of Carbon Black (TIN 5031003603).  The
case is docketed as A41-K2-18700/04.  Mr. A. Sivakov has been
appointed temporary insolvency manager.  Creditors have until
Jan. 12, 2005 to submit their proofs of claim to 111250, Russia,
Moscow, Krasnokazarmenskaya Str. 9.

CONTACT:  ELEKTROUGLINSKIY FACTORY OF CARBON BLACK
          Russia, Moscow region, Noginskiy region,
          Elektrougli, Zavodskaya Str. 1

          Mr. A. Sivakov
          Temporary Insolvency Manager
          111250, Russia, Moscow,
          Krasnokazarmenskaya Str. 9


KALININSKOYE: Gives Creditors Until January to File Claims
----------------------------------------------------------
The Arbitration Court of Saint-Petersburg and the Leningrad
region has commenced bankruptcy proceedings against Kalininskoye
after finding the close joint stock company insolvent.  The case
is docketed as A56-14530/04.  Ms. U. Durneva has been appointed
insolvency manager.  Creditors have until Jan. 12, 2005 to
submit their proofs of claim to 191119, Russia Saint-Petersburg,
Post User Box, 131.

CONTACT:  KALININSKOYE
          187683, Russia, Leningrad region,
          Boksitogorsk region, Anisimovo

          Ms. U. Durneva
          Insolvency Manager
          191119, Russia Saint-Petersburg,
          Post User Box, 131


MERIT-BANK: Bankruptcy Proceedings Begin
----------------------------------------
The Arbitration Court of Moscow has commenced bankruptcy
proceedings against Merit-Bank after finding the limited
liability company insolvent.  The case is docketed as A40-
48165/04-123-36 B.  Mr. Y. Runov has been appointed insolvency
manager.

Creditors have until Jan. 12, 2005 to submit their proofs of
claim to:

(a) Insolvency Manager
    107564, Russia, Moscow, Pogonnyj Proezd, 5,
    Building 3, Room 5a
    Phone/Fax: 169-81-30

(b) Merit-Bank
    109004, Russia, Moscow,
    Bol. Kommunisticheskaya Str. 5


MISHERON-GLASS: Hires N. Solovyev as Insolvency Manager
-------------------------------------------------------
The Arbitration Court of Moscow region has commenced bankruptcy
proceedings against Misheron-Glass after finding the open joint
stock company insolvent.  The case is docketed as A41-K2-
6440/04.  Mr. N. Solovyev has been appointed insolvency manager.
Creditors have until Jan. 12, 2005 to submit their proofs of
claim to 129337, Russia, Moscow, Yaroslavlskoye Shosse, 116,
Building 1.

CONTACT:  MISHERON-GLASS
          140722, Russia, Moscow region,
          Shaturskiy region, Misheronskiy, Uritskogo Str. 1

          Mr. N. Solovyev
          Insolvency Manager
          129337, Russia, Moscow,
          Yaroslavlskoye Shosse, 116, Building 1


NYUKSENSKIY WOOD-PROM-KHOZ: Sets Public Auction this Week
---------------------------------------------------------
The bidding organizer of limited liability company Nyuksenskiy
Wood-Prom-Khoz' will sell its property on Dec. 13, 2004, 11:00
a.m.  The public auction will take place at Russia, Vologda,
Predtechenskaya Str. 31, Office 207.  Starting price:
RUB995,245.

The list of documentary requirements is available free of charge
at Russia, Vologda, Predtechenskaya Str. 31, Office 207.  To
participate, bidders must deposit an amount equivalent to 5% of
the starting price to the settlement account
40702810911040000017 in Veliokoustyugskiy FCB Sever-gas-bank
Velikiy Ustyug of Vologda region, correspondent account
30101810500000000733, BIC 041908733, TIN 3515001995/ KPP
351501001.

CONTACT:  NYUKSENSKIY WOOD-PROM-KHOZ
          Russia, Vologda region, Nyuksenskiy


ORBITA: Komi Court Appoints Insolvency Manager
----------------------------------------------
The Arbitration Court of Komi republic has commenced bankruptcy
proceedings against Orbita after finding the engineering company
insolvent.  The case is docketed as A29-5955/04-3B.  Mr. V.
Sirotkin has been appointed insolvency manager.

CONTACT:  ORBITA
          Russia, Komi republic,
          Syktyvkar, Pechorskaya Str. 58

          Mr. V. Sirotkin
          Insolvency Manager
          167982, Russia, Komi republic, Syktyvkar,
          Ordzhonikidze Str. 49A, Room 316

          The Arbitration Court Of Komi Republic
          167982, Russia, Komi republic,
          Syktyvkar, Ordzhonikidze Str. 49A


SIB-PROD-COM: Hires V. Bolba as Insolvency Manager
--------------------------------------------------
The Arbitration Court of Tyumen region has commenced bankruptcy
proceedings against Sib-Prod-Com after finding the open joint
stock company insolvent.  The case is docketed as A70-3048/3-04.
Mr. V. Bolba has been appointed insolvency manager.  Creditors
may submit their proofs of to 625001, Russia, Tyumen-1, Post
User Box 64.

CONTACT:  SIB-PROD-COM
     Russia, Tyumen, Voroninskiye Gorki, 101

          Mr. V. Bolba
          Insolvency Manager
          625001, Russia, Tyumen-1,
          Post User Box 64


TULA-MILK: Insolvency Manager to Temporarily Oversee Business
-------------------------------------------------------------
The Arbitration Court of Tula region has commenced bankruptcy
proceedings against Tula-Milk (TIN 7107029132) after finding the
open joint stock company insolvent.  The case is docketed as
A68-60/B-04.  Mr. A. Rostovtsev has been appointed insolvency
manager.  Creditors have until Dec. 12, 2004 to submit their
proofs of claim to 300000, Russia, Tula, Lenina Pr., 57, office
304 B.

CONTACT:  TULA-MILK
          Russia, Tula, Oboronnaya Str. 114A

          Mr. A. Rostovtsev
          Insolvency Manager
          300000, Russia, Tula,
          Lenina Pr. 57, Office 304 B


===========
S W E D E N
===========


SCANDINAVIAN AIRLINES: Opens New Non-stop Routes
------------------------------------------------
On March 27, Scandinavian Airlines Sweden will launch two new
direct routes from Stockholm, one to Malta and one to Split.

"Our goal is to open as many international nonstop routes as
possible from Arlanda," says Lennart Johansson, Marketing and
Sales Manager at Scandinavian Airlines Sweden.  "Split was
chosen because there was  extremely high demand for a direct
route from both leisure travelers and  charter operators.  A
one-way flight to Split will cost from SEK 795."

The Stockholm-Malta route will be operated on Sundays and the
Stockholm-Split route on Tuesdays and Saturdays.

Brief facts about Scandinavian Airlines Sweden, a subsidiary of
the SAS Group:

Annual passengers: Approx. 6 million
Fleet: 44
Employees: 2,800
Take-offs/landings: 300 daily
Destinations: 44, from and within Sweden

Scandinavian Airlines is now the airline that sells most low-
price tickets in Sweden.

                            *   *   *

In the third quarter Scandinavian Airline's income after tax
amounted to -SEK1,236 million (-SEK834 million), and SEK68
million (SEK699 million) for the third quarter.

CONTACT:  SCANDINAVIAN AIRLINES
          Lennart Johansson, Marketing and Sales Manager
          Phone: +46-70-997 48 70


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


DONETSKMETALURGREMONT: Court Grants Debt Moratorium
---------------------------------------------------
The Economic Court of Donetsk region commenced bankruptcy
supervision procedure on Donetskmetalurgremont (code EDRPOU
21972826) on August 20, 2004 and ordered a moratorium on
satisfaction of creditors' claims.  The case is docketed as
42/143 B.  Arbitral manager Mr. Shpiner Igor (License Number AA
783102) has been appointed temporary insolvency manager.  The
company holds account number 26004185953001 at Privatbank,
Donetsk regional branch, MFO 335496.

CONTACT:  DONETSKMETALURGREMONT
          83062, Ukraine, Donetsk region,
          I. Tkachenko Str. 122

          Mr. Shpiner Igor
          Temporary Insolvency Manager
          Ukraine, Donetsk region,
          Krasnoarmijsk, Gogol Str. 1

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


KIROVOGRADBUD: Undergoes Bankruptcy Supervision Procedure
---------------------------------------------------------
The Economic Court of Kirovograd region commenced bankruptcy
supervision procedure on OJSC Kirovogradbud on October 13, 2004.
The case is docketed as 10/120.  Arbitral manager Mrs. Olena
Savonina (License Number AA 484212) has been appointed temporary
insolvency manager.  The company holds account number 260073489
at JSPPB Aval, MFO 323538.

Creditors have until December 12, 2004 to submit their proofs of
claim to:

(a) KIROVOGRADBUD
    25003, Ukraine, Kirovograd region,
    Varshavska Str. 2

(b) THE ECONOMIC COURT OF KIROVOGRAD REGION
    25006, Ukraine, Kirovograd region,
    Lunacharski str. 29


KIROVOGRAD' QUARRY: Insolvency Manager to Temporarily Run Biz
-------------------------------------------------------------
The Economic Court of Kirovograd region commenced bankruptcy
supervision procedure on OJSC Kirovograd' Quarry (code EDRPOU
00292155) on September 30, 2004.  The case is docketed as 9/240.
Arbitral manager Mr. Zabolotnij Genadij (License Number AA
047950) has been appointed temporary insolvency manager.  The
company holds account number 26001301330042 at Prominvestbank,
Kirovograd central branch, MFO 323475.

Creditors have until December 12, 2004 to submit their proofs of
claim to:

(a) KIROVOGRAD' QUARRY
    25028, Ukraine, Kirovograd region,
    Avtolubiteliv Str. 5

(b) Mr. Zabolotnij Genadij
    Temporary Insolvency Manager
    25006, Ukraine, Kirovograd region,
    Lenin Str. 23

(c) THE ECONOMIC COURT OF KIROVOGRAD REGION
    25006, Ukraine, Kirovograd region,
    Lunacharski Str. 29


KOMETA: Court Appoints Temporary Insolvency Manager
---------------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
supervision procedure on Kometa (code EDRPOU 21483692).  The
case is docketed as 24/752-b.  Arbitral manager Mr. Sergij
Zagorodnij (License Number AA 520104) has been appointed
temporary insolvency manager.  The company holds account number
26006203853001 at Ukraina, Kyiv region branch, MFO 321574.

CONTACT:  KOMETA
          03039, Ukraine, Kyiv region,
          Golosiyivska Str. 7

          Mr. Sergij Zagorodnij,
          Temporary Insolvency Manager
          01030, Ukraine, Kyiv region,
          M. Kotsubinskij Str. 4-b, Office 2

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


PUBLISHERS LUGAN: Hires Oleksij Kovalyov as Insolvency Manager
--------------------------------------------------------------
The Economic Court of Lugansk region commenced bankruptcy
supervision procedure on OJSC Publishers Lugan (code EDRPOU
05905585) on September 21, 2004.  The case is docketed as
11/69b.  Arbitral manager Mr. Oleksij Kovalyov (License Number
AA 5200139) has been appointed temporary insolvency manager.
The company holds account number 2600706001020 at JSCB Praveks-
Bank, Lugansk branch, MFO 304539.

Creditors have until December 12, 2004 to submit their proofs of
claim to:

(a) PUBLISHERS LUGAN
    91058, Ukraine, Lugansk region,
    Lermontov Str. 1 b

(b) Mr. Oleksij Kovalyov
    Temporary Insolvency Manager
    Ukraine, Lugansk region,
    Osipenko Str. 8/4

(c) ECONOMIC COURT OF LUGANSK REGION
    91000, Ukraine, Lugansk region,
    Geroiv VVV Square, 3a


RADYANSKA DONETCHINA: Bankruptcy Supervision Begins
---------------------------------------------------
The Economic Court of Donetsk region commenced bankruptcy
supervision procedure on Agricultural LLC Radyanska Donetchina
(code EDRPOU 00414457) on December 1, 2003.  The case is
docketed as 33/213 B.  Mr. U. Gorozhankin (License Number AA
249641) has been appointed temporary insolvency manager.  The
company holds account number 26008528851 at CB Privatbank, MFO
335496.

Creditors have until December 12, 2004 to submit their proofs of
claim to:

(a) RADYANSKA DONETCHINA
    Ukraine, Donetsk region,
    Starobeshivskij district,
    Sontsevo, Lenin Str. 53

(b) Mr. U. Gorozhankin,
    Temporary Insolvency Manager
    83086, Ukraine, Donetsk region,
    Teatralnij Avenue, 28

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


REINFORCED METAL: Under Bankruptcy Supervision
----------------------------------------------
The Economic Court of Kirovograd region commenced bankruptcy
supervision procedure on Reinforced Metal Products Plant (code
EDRPOU 05784779).  The case is docketed as 9/239.  Arbitral
manager Mr. Svitlana Mogilan (License Number AA 419269) has been
appointed temporary insolvency manager.  The company holds
account number 2600663460 at JSPPB Aval, Kirovograd branch, MFO
323538.

Creditors had until December 12, 2004 to submit their proofs of
claim to:

(a) REINFORCED METAL PRODUCTS PLANT
    27500, Ukraine, Kirovograd region,
    Svitlovodsk, Komsomolska str, 29

(b) Mr. Svitlana Mogilan
    Temporary Insolvency Manager
    Ukraine, Kirovograd region,
    Kropivnitskij Str. 7, body 1, 57

(c) THE ECONOMIC COURT OF KIROVOGRAD REGION
    25022, Ukraine, Kirovograd region,
    Lunacharski str. 29


SEZAM: Succumbs to Insolvency
-----------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Sezam (code EDRPOU 24742479) on October 12,
2004 after finding the limited liability company insolvent.  The
case is docketed as 15/9-b.  Mr. Petro Shnit (License Number AA
783238 of June 16, 2004) has been appointed
liquidator/insolvency manager.  The company holds account number
2600931684 at JSB Pivdennij, Kyiv region branch, MFO 320917.

CONTACT:  Mr. Petro Shnit
          Liquidator/Insolvency Manager
          Phone: 572-69-92

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


STAHANOVSHLYAHBUD: Calls in Liquidator
--------------------------------------
The Economic Court of Lugansk region commenced bankruptcy
proceedings against Stahanovshlyahbud (code EDRPOU 03329485) on
September 2, 2004 after finding the close joint stock company
insolvent.  The case is docketed as 10/19b.  Arbitral manager
Mr. Roman Rachok (License Number AA 520132) has been appointed
liquidator/insolvency manager.  The company holds account number
26001590619531 at Ukrsocbank, Alchevsk branch, MFO 304052.

CONTACT:  STAHANOVSHLYAHBUD
          Ukraine, Lugansk region,
          Stahanov, B. Hmelnitskij Str. 31A

          Mr. Roman Rachok
          Liquidator/Insolvency Manager
          91033, Ukraine, Lugansk region,
          Oborona Str. 24

          ECONOMIC COURT OF LUGANSK REGION
          91000, Ukraine, Lugansk region,
          Geroiv VVV Square, 3a


UKRMETALURGCOMPLEX: Bankruptcy Supervision Begins
-------------------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
supervision procedure on CJSC Ukrmetalurgcomplex (code EDRPOU
24600638) on November 4, 2004.  The case is docketed as
B15/119/04.  Arbitral manager Mr. Sergij Sidko (License Number
AA 419257) has been appointed temporary insolvency manager.  The
company holds account number 2600430106901 at JSB Credit-Dnipro,
Dnipropetrovsk branch, MFO 305749.

Creditors have until December 12, 2004 to submit their proofs of
claim to:

(a) UKRMETALURGCOMPLEX
    49000, Ukraine, Dnipropetrovsk region,
    Lenin Str.

(b) Mr. Sergij Sidko
    Temporary Insolvency Manager
    49600, Ukraine, Dnipropetrovsk region,
    Dzerzhinskij Str. 29/40

(c) ECONOMIC COURT OF DNIPROPETROVSK REGION
    49600, Ukraine, Dnipropetrovsk region,
    Kujbishev Str. 1a


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


22 22 MEDIA: Members Pass Winding up Resolutions
------------------------------------------------
At the extraordinary general meeting of the members of the 22 22
Media Limited on Nov. 30, 2004 held at 25 Harley Street, London
W1G 9BR, the extraordinary and ordinary resolutions to wind up
the company were passed.  Bernard Hoffman and Ian Yerrill of 25
Harley Street, London W1G 9BR have been appointed joint
liquidators of the company for the purpose of its voluntary
winding-up.


AC PROMOTIONS: Names BWC Business Solutions Liquidator
------------------------------------------------------
At the extraordinary general meeting of the members of the AC
Promotions Limited on Nov. 29, 2004 held at BWC Business
Solutions Limited, 8 Park Place, Leeds LS1 2RU, the
extraordinary and ordinary resolutions to wind up the company
were passed.  Gary Edgar Blackburn and David Leighton Cockshott
of the firm of BWC Business Solutions, 8 Park Place, Leeds LS1
2RU have been appointed liquidators for the purpose of the
winding-up.

CONTACT:  BWC BUSINESS SOLUTIONS
          8 Park Place, Leeds LS1 2RU


ARTHUR COOPER: Special Winding up Resolutions Passed
----------------------------------------------------
Name of companies:
Arthur Cooper (Wine Merchant) Limited
A. Toursier & Co. Limited
Bodegas Lagunilla Limited
Clode Baker & Wyld Limited
Dolman & Welch Limited
Gilbeys Wine & Spirit Merchants Limited
IDV (Reserve 23) Limited
Leverett & Frye Limited
Morgan Brothers (London) Limited
Osborne & Son Limited

At the extraordinary general meeting of the members of these
companies on Nov. 9, 2004 held at 8 Henrietta Place, London W1G
0NB, the special resolutions to wind up the companies were
passed.  John Anthony Dickinson and Steven Leslie Smith, Mercer
& Hole, International Press Centre, 76 Shoe Lane, London EC4A
3JB have been appointed liquidators for the purposes of such
windings-up.

CONTACT:  MERCER & HOLE
          International Press Centre,
          76 Shoe Lane, London EC4A 3JB


BELFAST EUROPA: Calls in Liquidators from Mercer & Hole
-------------------------------------------------------
Name of companies:
Belfast Europa Limited
Green Giant Foods Limited
John B. Wilson & Sons limited
Oak In The Wood Limited
Pearle Holdings (UK) Limited
Pearle Vision Center Limited
Roberts (Hotels) Limited
Rosenhof Limited
United Vintners Limited
The Wine Traders Consortium Limited

At the extraordinary general meeting of the members of these
companies on Nov. 9, 2004 held at 8 Henrietta Place, London W1G
0NB, the special resolution to wind up the companies were
passed.  John Anthony Dickinson and Steven Leslie Smith, Mercer
& Hole, International Press Centre, 76 Shoe Lane, London EC4A
3JB have been appointed liquidators for the purpose of such
windings-up.

CONTACT:  MERCER & HOLE
          International Press Centre,
          76 Shoe Lane, London EC4A 3JB


BRIGHTON GRAND: Hires Liquidators from Mercer & Hole
----------------------------------------------------
Name of companies:
Brighton Grand Hotel Company Limited
John Dowland Limited
Roberts & Cooper Limited
Roberts & Sons (Caterers) Limited
Roberts & Sons (Worthing) Limited
R. Rowson & Sons Limited
Spiers & Pond Limited
Vinicola Ribalonga Limited
W. A. Ross & Brother Limited
Wines Of Greece Limited

At the extraordinary general meeting of the members of these
companies on Nov. 9, 2004 held at 8 Henrietta Place, London W1G
0NB, the special resolution to wind up the companies were
passed.  John Anthony Dickinson and Steven Leslie Smith of
Mercer & Hole, International Press Centre, 76 Shoe Lane, London
EC4A 3JB have been appointed liquidators for the purpose of such
windings-up.

CONTACT:  MERCER & HOLE
          International Press Centre,
          76 Shoe Lane, London EC4A 3JB


COOPER & ROE: To Axe Up to 320 Employees
----------------------------------------
Knitwear company Cooper & Roe is streamlining its operations due
to market difficulties.  It will close one of its plants in
Abbeyfield Road, Nothingham with the loss of 64 jobs.  In Kirkby
Road, Sutton-in-Ashfield, it will cut down 280 of its 320
workers.

The firm said in a statement: it regretted the job losses but
that "against a difficult and competitive trading background
there is a lack of viable business to support the units at their
current capacity."

Cooper is currently in talks with trade union representatives
regarding the plan.

CONTACT:  COOPER & ROE
          Kirkby Road, Sutton-in-Ashfield, NG17 1GZ
          Phone: 01623 441122


GLOW COMMUNICATIONS: Hires Antony Batty as Administrator
--------------------------------------------------------
William Antony Batty (IP No 1049) has been appointed
administrator for Glow Communications Plc.  The appointment was
made Nov. 15, 2004.  The company's registered office is located
at New House, Suite 24, 67-68 Hatton Garden, London EC1N 8JY.

CONTACT:  ANTONY BATTY & CO.
          New House, Suite 24,
          67-68 Hatton Garden, London EC1N 8JY


ICE SYSTEMS: Brings in Administrator from Geoffrey Martin & Co.
---------------------------------------------------------------
Stephen Goderski (IP No 8731) and Geoffrey Martin (IP No 2207)
have been appointed administrators for Ice Systems Limited.  The
appointment was made Nov. 19, 2004.  The company is engaged in
software consultancy and supply.  Its registered office is
located at Geoffrey Martin & Co, 8-12 Brook Street, London W1K
5BU.

CONTACT:  GEOFFREY MARTIN & CO.
          8-12 Brook Street, London W1K 5BU

          GEOFFREY MARTIN & CO.
          St James's House,
          28 Park Place, Leeds LS1 2SP


IRONMAN LIMITED: Clothing Company Calls in Administrator
--------------------------------------------------------
Zafar Iqbal (IP No 6578) has been appointed administrator for
Ironman Limited.  The appointment was made Nov. 23, 2004.  The
company designs and manufactures clothing.  Its registered
office is located at Paul Anthony House, 724 Holloway Road,
London N19 3JD.

CONTACT:  Kirkdale House, Kirkdale Road,
          London E11 1HP


JARVIS PLC: Faces Possible Legal Action Over PFI Deal
-----------------------------------------------------
The Richmond council in southwest London may use the law to
ensure the timely completion of construction work for one of its
school, according to the Financial Times.

The council would not name the target of a possible lawsuit, but
Jarvis is the main contractor and creator of the special purpose
vehicle that runs the project, according to the Financial Times.

Geoffrey Samuel, the deputy leader of the council, said: "We
have asked our lawyers to advise us on action to be taken to
ensure the contract is complied with."

The support services group has a contract with the council to
refurbish a school.  The project is the last to be completed
under its GBP80 million private finance initiative project,
which began in 2002.  Under the deal, Jarvis is to renovate and
manage six primary schools.  The contract with Richmond council
is one of its 14 contracts.

Mr. Samuel mentioned the intermittent work at the Trafalgar
school.  According to the report, other local authorities also
experienced delays and in some cases cessation of work.

Jarvis is beset with cash flow difficulties that constrain its
ability to pay subcontractors.  Last week, the company warned it
needed to secure extra financing to stay afloat.  It sold and
leased out property, raising GBP25 million.

Jarvis said on Wednesday: "No legal proceedings have been issued
against the SPV and we are not prepared to comment on
speculation.  We are working as hard as we can to deliver
everything"

CONTACT:  JARVIS PLC
          Lisa Carine
          Phone: + 44 20 7462 4646

          TULCHAN COMMUNICATIONS
          David Trenchard
          Phone: + 44 20 7353 4200


MARCONI CORPORATION: Named Preferred Bidder for SCADA Project
-------------------------------------------------------------
Marconi Corporation plc's (London: MONI and NASDAQ: MRCIY)
Transportation group, part of Marconi Value Added Services (VAS)
business, has been selected by Tube Lines, a public-private
partnership responsible for the maintenance and upgrade of the
London Underground infrastructure on the Jubilee, Northern and
Piccadilly lines, as its preferred bidder for the Communications
and SCADA (Supervisory Control and Data Acquisition) Integrated
Whole Life Contract.  Under this contract, Marconi will supply,
support and maintain the communications infrastructure for the
Jubilee, Northern and Piccadilly Lines until 2018.

Working in partnership with Amey Infrastructure Services, a
division of Amey plc, the leading provider of support services,
Marconi will be responsible for upgrading and maintaining the
communications infrastructure on the Jubilee, Northern and
Piccadilly Lines.  This includes the public address system, CCTV
and security systems, customer help points and visual
information displays as well as a central management system,
which will monitor all station assets such as lifts and
ventilation.

Marconi and Tube Lines have signed a Heads of Terms and are
working towards signing a final contract in early 2005.  Work
has already commenced on the project, with Marconi mobilizing to
commence the communications upgrade on eight stations on the
Jubilee, Northern and Piccadilly Lines.

About Tube Lines

Tube Lines is responsible for the maintenance and upgrade of the
infrastructure on the Jubilee, Northern and Piccadilly lines.
London  Underground is responsible for operating the
Underground, for employing drivers and station staff, for
ticketing and fares, and for the Tube's safety regime.

The Tube Lines consortium consists of Amey, Bechtel and Jarvis,
and brings together some of the most experienced providers of
business services with specialist skills in the rail industry,
including track and signal renewals, plus project and
operational management.  They are providing some of the best
project and operational managers from around the world to work
on the modernization of the Tube system.

About Amey

Amey is a leading provider of integrated business and
infrastructure services to the public and private sector and is
working closely with central and local government to develop
major projects including PFI and PPP projects, in the education,
health, transport and defense sectors.  Services range from
managing large scale transportation infrastructure to delivering
professional and back office services, all of which are
underpinned by leading-edge technology and a genuine partnering
philosophy.

Amey Infrastructure Services Limited is the operating division
that will work in partnership with Marconi to carry out the
Communications and SCADA program of work for Tube Lines.

Amey Infrastructure Services (AIS) is the newly formed business
division of Amey PLC that will focus on providing comprehensive
end-to-end service solutions, on a national basis, to a wide
range of infrastructure clients.

AIS brings together the strengths and capabilities of the well-
established and successful Amey Highways, Amey Rail and Amey
Fleet Services businesses into a single integrated organization.

The new organization is structured to deliver services through
four business streams: Professional Services, Strategic
Highways, Rail, Local Government.

The AIS Professional Services business stream provides
specialist technical and consultancy services from across Amey
to deliver solutions that support Intelligent Transport Systems,
Whole Life Asset Management and Environment and Safety.
Projects include the provision of real-time passenger
information for UTMC projects and rail customer information
systems, including 176 stations for South West Trains.

About Marconi Transportation

Marconi Transportation, part of Marconi Corporation plc's Value
Added Services business, is an integrated communications
business with over 30 years of transportation experience.  Its
professional staff is currently delivering a number of high
profile communications projects that continue to set standards
in the Rail, Road and Air industries.  Its consultants and
design engineers are committed to delivering tailored solutions
based on complex network integration, high performance service
provision and best of breed products.  Its customer services
division is committed to providing the best possible support for
our customers' systems and networks on a 24x7x365 basis.

About Marconi Corporation plc

Marconi Corporation plc is a global telecommunications
equipment, services and solutions company.  The company's core
business is the provision of innovative and reliable optical
networks, broadband routing and switching and broadband access
technologies and services.  The company's customer base includes
many of the world's largest telecommunications operators.

The company is listed on the London Stock Exchange under the
symbol MONI and on NASDAQ under the ticker MRCIY.  Additional
information about Marconi Corporation can be found at
http://www.marconi.com.

CONTACT:  MARCONI CORPORATION PLC
          Patrick Murphy
          Phone: +44 115 906 4151
          E-mail: patrick.murphy@marconi.com

          Investor enquiries:
          Karen Keyes
          Phone: +44 207 306 1345
          E-mail: karen.keyes@marconi.com

          Industry analyst enquiries:
          Skip MacAskill
          Phone: +44 2476 56 3705
          E-mail: skip.macaskill@marconi.com


PENHURST (HAMLET): Hires Baker Tilly as Liquidator
--------------------------------------------------
At the extraordinary general meeting of the Penhurst (Hamlet)
Limited on Nov. 5, 2004 held at 50 Broadway, Westminster, London
SW1H 0BL, the subjoined special resolutions to wind up the
company were passed.  Andrew White of Baker Tilly, International
House, Queens Road, Brighton BN1 3XE has been appointed joint
liquidator for the purpose of such winding-up.

CONTACT:  BAKER TILLY
          International House,
          Queens Road, Brighton BN1 3XE
          Phone: 01273 223400
          Fax: 01273 223401
          Web site: http://www.bakertilly.co.uk


PNEUMATIC HYDRAULIC: Special Winding up Resolution Passed
---------------------------------------------------------
At the extraordinary general meeting of the members of Pneumatic
Hydraulic Development Ltd. on Nov. 22, 2004 held at 9009
Clubridge Drive, Fort Wayne, IN USA, the special resolution to
wind up the company was passed.  Peter John Godfrey-Evans of
Mercer & Hole, Silbury Court, 420 Silbury Boulevard, Central
Milton Keynes has been appointed liquidator for the purpose of
such winding-up.

CONTACT:  MERCER & HOLE
          Silbury Court,
          420 Silbury Boulevard, Central Milton Keynes


PREMIER FOODS: Buys Kraft Food Brands for GBP70 Million
-------------------------------------------------------
Premier Foods plc, one of the leading suppliers of ambient
grocery products in the U.K., agreed to acquire the category
leading Bird's Custard, Angel Delight and associated brands from
Kraft Foods Inc. for GBP70 million.  The consideration will be
funded from existing unutilized bank debt facilities.

Bird's Custard, Angel Delight and other associated brands are
complementary to Premier's existing desserts business, which
includes Ambrosia custard and milk puddings and Rowntree's
jelly, and will broaden Premier's range of household names in
the ambient grocery sector including Branston, Loyd Grossman,
Typhoo, Crosse & Blackwell, HP, Hartley's, Gale's and Sun-Pat.

In the year ended 14 December 2003 sales for the brands being
acquired were GBP37 million with profit before central
administrative costs of GBP9.9 million.  Net assets at the time
of completion are expected to be GBP5 million.

Premier is acquiring the brand rights, associated intellectual
property, stock and packaging machinery.  Production and packing
will be integrated into Premier's existing manufacturing
facility at Knighton in Staffordshire during 2005.  Premier
expects to incur capital expenditure of approximately GBP5
million on upgrading the facility to accommodate the business.

Premier expects the acquisition to generate cost savings and
other synergistic benefits once completed in February 2005 of
approximately GBP1 million.  The deal will be earnings enhancing
and is expected to achieve a return on invested capital that is
greater than its weighted average cost of capital in the first
full year of ownership.

This acquisition is Premier's first since its IPO in July 2004
and is consistent with Premier's stated strategy of acquiring
great British brands with leading market positions that will
further exploit the company's marketing skills, strong retailer
relationships and manufacturing base.

Robert Schofield, CEO of Premier Foods plc, said: "The Bird's
business with its high brand recognition is a perfect fit with
our Ambrosia and other desserts brands.  It will extend our
product range in the desserts category and enhance our position
as one of the U.K.'s leading suppliers of ambient grocery
products.

"The acquisition is expected to be earnings and margin enhancing
in the first full year of ownership and meets the acquisition
criteria we outlined at the time of our IPO."

The transaction is subject to the approval of the board of
Altria Inc. (Kraft's parent company) and is expected to complete
during February 2005.

The Bird's dessert business being acquired comprises 17 branded
and out of home ('OOH') products including Bird's custard powder
(2 varieties), Bird's instant custard (5 varieties), Bird's
ready to eat (RTE) ambient custard (5 varieties), Bird's RTE
chilled custard (2 varieties), Angel Delight (11 varieties),
Bird's trifle/Dream Topping (7 varieties), Bird's Christmas
sauces (4 varieties), Bird's semolina and Bird's sugar free
jelly (4 varieties).

Bird's is a leading custard brand in the U.K. accounting for 45%
of total pints of custard consumed in the country and an 85%
value share of powder custards.  Angel Delight is the number one
player in the U.K. instant cold desserts sector with a 40%
share.*

Bird's is one of the U.K.'s oldest packaged grocery brands, with
its original launch in 1837.  Landmark campaigns, such as the
creation of the 'Three Birds' trademark in the 1920s have helped
build the profile of the brand over time.

Bird's was acquired by General Foods in 1947 and has been part
of Kraft since 1989.  The Bird's dessert business contains a
number of iconic brands in the U.K. food retail industry
including Bird's custard and Angel Delight instant cold dessert.
Bird's has been the leading powdered desserts brand since Alfred
Bird invented custard powder in 1837 and according to a food and
drink research survey in 2000, the Birds brand was recognized by
99% of U.K. customers.

Premier Foods plc is a leading U.K. manufacturer and marketer of
shelf-stable or 'ambient' grocery products and one of the
largest suppliers of grocery products in the United Kingdom.
Premier manufactures and markets grocery products for the retail
grocery and out of home channels in three principal product
segments: convenience foods, pickles and sauces; tea and
beverages; and spreads and desserts.

Premier also operates a potato packing and marketing business in
the United Kingdom, supplying the retail grocery, OOH and food
manufacturing channels.

Premier's branded products include Ambrosia custard and milk
puddings, Branston pickles, Typhoo tea, Hartley's preserves,
Gale's honey and lemon curd, Crosse & Blackwell convenience
foods, Sun-Pat peanut butter, Sarsons vinegar, Haywards pickles,
Smash instant mashed potato, Marvel powdered milk creamer and
Waistline salad dressings, soups and cooking sauces.  In
addition, the Company produces Cadbury cocoa-based beverages, HP
convenience foods, Rowntree's jelly and Loyd Grossman cooking
sauces, soups and salad dressings under agreement or license.
Premier also produces a range of retailer brand products,
principally for the major multiple retailers.

Premier Foods was floated on the London Stock Exchange in July
2004 when Hicks, Muse, Tate & Furst sold 80% of its investment
in Premier.  In October 2004 Hicks, Muse, Tate & Furst sold
their remaining 20% holding.  Premier's current market
capitalization is GBP605 million (at market close on 8 December
2004).

                            *   *   *

Standard & Poor's Ratings Services previously rated Premier
Food's long-term corporate credit rating 'BB'.

CONTACT:  PREMIER FOODS PLC
          Phone:  01727 815 850
          Robert Schofield, Chief Executive
          Paul Thomas, Finance Director

          Citigate Dewe Rogerson
          Phone: 020 7638 9571
          Michael Berkeley
          Sara Batchelor
          Anthony Kennaway


PREMIER FOODS: Buying Kraft's U.K. Desserts Biz for US$135 Mln
--------------------------------------------------------------
Kraft Foods Inc. (NYSE:KFT), a global leader in branded food and
beverages, has reached an agreement to sell its U.K. desserts
business to Premier Foods plc, a leading U.K.-based supplier of
ambient grocery products for US$135 million.  The proposed sale
includes the Bird's, Angel Delight and Dream Topping brands,
which generated 2003 annual revenues of US$72 million.

The transaction, which is subject to required approvals, is
expected to close in the first quarter of 2005 following
completion of necessary employee consultation requirements.

"As we continue to transform our portfolio as part of our
Sustainable Growth Plan, we are focusing on larger-scale
businesses where we can achieve sustainable competitive
advantage," said Thibaud de Saint-Quentin, Vice President and
Area Director of Kraft's U.K. & Ireland businesses.  "The
desserts business, which is geographically concentrated in the
U.K. and Irish markets, is better aligned with a manufacturer
such as Premier Foods that has a strategic focus on the desserts
category."

Following completion of the sale, desserts production will
transfer within a period of 12 months from Kraft's manufacturing
facility in Banbury, U.K. to Premier.  Approximately 120
employees at the Banbury plant will be affected by the sale.
The company will be discussing with employees and their union
representatives ways to support those affected by the
announcement as part of the consultation process, including
offering fair severance packages, where applicable, to affected
employees.

Kraft's soluble coffee operations at the Banbury plant are
unaffected by the proposed sale.

Kraft Foods markets many of the world's leading food brands,
including Kraft cheese, Jacobs and Maxwell House coffees,
Nabisco cookies and crackers, Philadelphia cheese, Oscar Mayer
meats, Post cereals and Milka chocolates, in more than 150
countries.  In the U.K., the company's brands include Terry's
Chocolate Orange, Terry's All Gold and Toblerone chocolates,
Kenco and Maxwell House coffees, Philadelphia cheeses and
Dairylea snacks as well as Kraft salad dressings.

For more information, visit http://www.kraft.com.

CONTACT:  KRAFT FOODS INC.
          Joanna Scott
          Phone: 44 1242 284498 (Media)
          E-mail: jscott@krafteurope.com

          Mark Magnesen
          Phone: 847-646-3194 (Investor Relations)
          E-mail: mmagnesen@kraft.com
          Richard Johnson
          Phone: 44 208 5802581 (Media)
          E-mail: rjohnson@krafteurope.com


QDOS INDUSTRIES: HSBC Bank Appoints P&A Partnership Receiver
------------------------------------------------------------
HSBC Bank Plc called in Philip Andrew Revill and Brian Stanley
Creber joint administrative receivers for QDOS Industries
Limited (Reg No 03585234).  The application was filed Nov. 17,
2004.

CONTACT:  THE P&A PARTNERSHIP
          93 Queen Street
          Sheffield S1 1WF
          Phone: (0114) 275 5033
          Fax: (0114) 276 8556
          E-mail: info@poppletonappleby.co.uk
          Web site: http://www.thepandapartnership.com


REGIS (NATIONWIDE FINN HOUSE): Calls in Liquidator from Begbies
---------------------------------------------------------------
At the extraordinary general meeting of the Regis (Nationwide
Finn House) Holdings Limited on Nov. 19, 2004 held at Regis
Group PLC, Warrior Square, Southend-on-Sea, Essex SS1 2WS, the
subjoined special resolutions to wind up the company were
passed.  Lloyd Biscoe of Begbies Traynor, The Old Exchange, 234
Southchurch Road, Southend-on-Sea, Essex SS1 2EG has been
appointed liquidator for the purpose of such winding-up.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange
          234 Southchurch Road
          Southend-on-Sea SS1 2EG
          Phone: 01702 467255
          Fax: 01702 467201
          E-mail: southend@begbies-traynor.com
          Web site: http://www.begbies.com


SCOTT ASSOCIATES: Hires Administrators from Bridgers
----------------------------------------------------
John Arthur Kirkpatrick and Peter John Bridger (IP Nos 2230,
7827) have been appointed administrators for Scott Associates
(Newbury) Ltd.  The appointment was made Nov. 15, 2004.  The
company wholesales and retails furniture.  Its registered office
is located at 47 London Street, Reading, Berkshire.

CONTACT:  BRIDGERS
          47 London Street,
          Reading, Berkshire RG1 4PS


THE FRUIT: Names Shaw and Brook Administrators
----------------------------------------------
Martin A. Shaw and Charles M. Brook have been appointed
administrators for The Fruit Warehouse Limited.  The appointment
was made Nov. 15, 2004.  The company wholesales fruit and
vegetables.  Its registered office is located at 100 Wakefield
Road, Lepton, Huddersfield HD8 0DL.

CONTACT:  100 Wakefield Road,
          Lepton, Huddersfield HD8 0DL


THORNTONS PLC: Appoints New Finance Director
--------------------------------------------
The Board of Thorntons plc announce the appointment of John Wall
as Finance Director with immediate effect.  Mr. Wall has been
acting as interim Finance Director since 14 October 2004.

Prior to joining Thorntons, Mr. Wall, age 55, had, for four
years, carried out a number of interim FD appointments.  Between
1992 and 2000 he was Group Finance Director of Lee Cooper Group,
a quoted jeans and casual clothing manufacturer.

From 1977-1991 he worked for the Thomas & Betts Corporation, a
then U.S. Fortune 500 international manufacturer of electrical
and electronic products, latterly as Controller of the European
Division.  He qualified as a Chartered Accountant with KPMG in
1977.

Christopher Burnett, Executive Chairman of Thorntons plc said
"The Board is delighted to welcome John Wall to the business.
He has already begun to make a valuable contribution as a member
of the executive team, to which he brings a wealth of
experience."

CONTACT:  THORNTONS PLC
          Christopher Burnett, Executive Chairman
          Phone: 01773 540550
          Peter Burdon, Chief Executive
          Phone: 01773 540550

          BUCHANAN COMMUNICATIONS
          Charles Ryland/Nicola Cronk
          Phone: 020 7466 5000


TTH HOLDINGS: Hires Administrators from Kroll Limited
-----------------------------------------------------
C. P. Holder and S. C. E. Mackellar (IP Nos 9093, 6883) have
been appointed administrators for TTH Holdings Limited.  The
appointment was made Nov. 19, 2004.  The company is engaged in
precision engineering.

CONTACT:  KROLL LIMITED
          5th Floor, Airedale House,
          77 Albion Street, Leeds LS1 5AP


                            *********


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-
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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.

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