TCREUR_Public/041229.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

          Wednesday, December 29, 2004, Vol. 5, No. 257

                            Headlines

B E L G I U M

SN BRUSSELS: Merger with Virgin Express Receives Green Light


C Z E C H   R E P U B L I C

HARVARDSKY PRUMYSLOVY: Prague Court Opens Bankruptcy Proceedings


F R A N C E

ANTOINE DECORS: Court Brings in Liquidator
EUROBIA 4 X 4: Director Banned from Occupying Management Post


G E R M A N Y

BACKEREI BACHMANN: Applies for Bankruptcy Proceedings
CKS CITY-KLIMA: Court Stays All Pending Lawsuits
DATA CONSAULTING: Administrator to Present Report January 21
DA - TARA: Sets Creditors Meeting Third Week of January
E. & H. WEITEMEYER: Administrator's Report Out February

GEORG GUNTHER: Proofs of Claim Deadline Expires Next Week
HIEKE & PAUKSCH: Provisional Administrator Takes over Operations
INT SPORTS: Gives Creditors Until February to File Claims
JORG SCHMITZ: Period for Filing of Claims Ends this Week
KARL SANGE: Creditors Meeting Set Third Week of January


I T A L Y

ALITALIA SPA: To Unlock Emergency Loan Early 2005


K Y R G Y Z S T A N

NELMA: Last Day for Filing of Claims Set
OSH TEHNIK: Gives Creditors Until February to File Claims
SHURU: Claims Period Ends Third Week of February


N E T H E R L A N D S

GETRONICS N.V.: Suspends Offer for Pinkroccade


R U S S I A

DOROZHNIK: Declared Insolvent
KHOZ-TORG: Hires M. Chereshko as Insolvency Manager
KUBAN-ROOFING: Auctioning RUB405 Mln Worth of Properties
IBG BANK: Fitch Affirms 'D' Individual Rating
MASH-PLANT: Bankruptcy Hearing Set January

NIKOIL: 'B-' Long-term Currency Rating Affirmed
PERMSKAYA TIMBER: Perm Court Names A. Lobas Insolvency Manager
ROZHDESTVENSKOYE: Kursk Court Appoints Insolvency Manager
SARATOVSKIY: Selling Assets Worth RUB1 Mln Today
SIXTH CHANNEL: Holding Public Auction Today

SPECIALIZED COOPERATION: Deadline for Proofs of Claims Set
URAL-SIBERIAN BANK: Fitch Affirms 'D' Individual Rating
YURGINSKIY FACTORY: Deadline for Proofs of Claim Set January


S W E D E N

LM ERICSSON: Sharp Extends License Agreement from WCDMA to GPRS


U K R A I N E

* Risks Remain as Banks Receive Weak Ratings


U N I T E D   K I N G D O M

ADDMATCH LIMITED: Final Creditors Meeting Set Mid-January
ANGLO BELLAMY: Members Opt for Liquidation
A P AEROSPACE: Director Banned from Occupying Management Post
AVON JETTING: Calls in Liquidator from Wilson Phillips
BARRHEAD TRADELINK: Director Gets 7-year Ban from Holding Office

BETAGAS ASSESSMENT: Brings in Liquidators from S. G. Banister
BIG FOOD: Scheme Hearing Set January 19
CLOUD NINE: Insolvency Service Serves Seven-year Ban on Director
COMPUTER XROADS: Members Okay Proposal to Liquidate Company
COOTE CONCRETE: Appoints Wilson Phillips Liquidator

CROMWELL CLASSIC: Hires Administrator from Menzies Corporate
DAIWA EUROPE: Begbies Traynor Liquidators Enter Firm
DANOGUE SOFTWARE: Calls in Liquidators from Baker Tilly
DD LIMITED: Appoints Benedict Mackenzie Liquidator
DONAGHADEE CARPETS: Falls into Receivership Anew

EVERGER ASSOCIATES: Hires Deloitte & Touche as Liquidator
FIRBECK TIMBER: Owners Agree to Call in Liquidators
FORTY-EIGHT SHELF: Sets Deadline for Filing of Claims
GREEN & MOORCROFT: Calls in Liquidator from F A Simms & Partners
HOUSE OF BATH: Sets Creditors Meeting January

H & S CONTRACTS: Hires Joint Liquidators from Grant Thornton
INLIGHT FABRICATIONS: Director Blamed for Failure Banned 5 Years
INTERNATIONAL SOFTWOOD: Creditors Meeting Set
KEYMARK SERVICES: Hires Administrators from Mazars
KILSYTH TRANSPORT: Creditors Appoint Liquidator

KINEXUS LIMITED: Baker Tilly Liquidators Enter Firm
M.T.B. METAFIN: Creditors Meeting Set January
SCHORT INDUSTRIES: Administrator from Moore Stephens Moves in
SOFATIME LIMITED: Liquidator's Report Out Second Week of January
TERTIO TELECOMS: Appoints Liquidator from BDO Stoy Hayward
W G REALISATIONS: Calls in Liquidator from KPMG
WHEELOCK (U.K.): Members Pass Winding up Resolutions

* FSCS Declares 57 Firms in Default


                            *********


=============
B E L G I U M
=============


SN BRUSSELS: Merger with Virgin Express Receives Green Light
------------------------------------------------------------
On December 5, 2004, a binding agreement placing SN Brussels
Airlines and Virgin Express S.A./N.V. under the common ownership
of SN Airholding was signed.

Before completion could take place, this transaction had to get
clearance from Belgian and German Competition Authorities.  The
German Competition Authorities have considered that they had no
reason to rule on this transaction.  The European Competition
Authorities had already announced in September 2004 that, given
the characteristics of this transaction, it had no European
dimension.

On December 24, 2004, the Belgian competition authorities have
approved the binding agreement placing SN Brussels Airlines and
Virgin Express S.A./N.V. under the common ownership of SN
Airholding.

Mr. Etienne Davignon, Minister of State and President of SN
Airholding, said, "This decision marks an important step that
will help the concretization of our project with Virgin.  The
project allows us to better use the growth opportunities offered
by the market and to fulfill the expectations of our
passengers."

The decision of the Belgian Competition Authorities enables SN
Brussels Airlines and Virgin Express N.V./S.A. to initiate more
effective discussions on the concretization of this project.

                            *   *   *

SN Brussels was created out of the assets of Belgium's national
carrier, Sabena, which went belly up after the terrorist attacks
in the U.S. on September 11, 2001.

CONTACT:  SN BRUSSELS AIRLINES
          Da Vincilaan 9, Zaventem
          B-1930 Brussels
          Phone: +32-2-754-19-00
          Fax: +32-2-754-19-10
          Web site: http://www.brussels-airlines.com

          Geert Sciot, Vice-President Communication
          Phone: + 32 (0) 2 723 84 00
                 +32 477 77 49 11
          Fax: + 32 (0) 2 723 84 09
          E-mail: gsciot@brusselsairlines.com

          Cedric Leurquin, Manager External Communication
          Phone: + 32 (0) 2 723 84 00
                 +32 475 42 55 07
          Fax: + 32 (0) 2 723 84 09
          E-mail: cleurquin@brusselsairlines.com


===========================
C Z E C H   R E P U B L I C
===========================


HARVARDSKY PRUMYSLOVY: Prague Court Opens Bankruptcy Proceedings
----------------------------------------------------------------
The Municipal Court in Prague declared Harvardsky Prumyslovy
Holding (HPH) bankrupt, reports Czech News Agency, citing former
board chairman and now creditor Pavel Matejka.

The decision was based on the bankruptcy petition filed by the
group's former liquidator and board member Michal Pacovsky.  The
petition cited heavy debts and severe depreciation of the value
of HPH's assets, which are now pegged at less than 50% of share
capital.  HPH's bankruptcy will pave the way for bankruptcy
administrator Josef Cupka to review HPH's accounts.

HPH board chairman Karel Stanek said he would appeal the ruling,
claiming the bankruptcy petition was based on false claims.  "If
the bankruptcy is recognized, it will mean a catastrophe for
quarter of a million shareholders who will get nothing at all,"
he said.

HPH has around 240,000 shareholders.


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


ANTOINE DECORS: Court Brings in Liquidator
------------------------------------------
The Commercial Court of Dijon placed Antoine Decors S.A.R.L.
into liquidation on December 14, 2004 and appointed SCP Cure-
Thiebaut liquidator.  Creditors are urged to submit their proofs
of claim to the liquidator as soon as possible.  The company
specializes in plaster works and wall decorations.

CONTACT:  ANTOINE DECORS S.A.R.L.
          2 Rue Georges-Serraz
          21000 Dijon

          SCP CURE THIEBAUT
          78 Avenue Victor-Hugo
          BP 81556
          21015 Dijon
          Phone: 03 80 53 35 70
          Fax: 03 80 55 10 21
          E-mail: etude@scp-cure-thiebaut.com
          Web site: http://www.actifs-cnajmj.org


EUROBIA 4 X 4: Director Banned from Occupying Management Post
-------------------------------------------------------------
The Commercial Court of Dijon forbids Phillipe Berrot of
S.A.R.L. Eurobia 4 X 4 from managing a company for 12 months.

CONTACT:  S.A.R.L. EUROBIA 4 X 4
          24 Route de Dijon
          21310 Magny-Saint-Medard


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


BACKEREI BACHMANN: Applies for Bankruptcy Proceedings
-----------------------------------------------------
The district court of Bad Kreuznach opened bankruptcy
proceedings against bakery Backerei Bachmann GbR on Dec. 1,
2004.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until Jan. 15,
2005 to register their claims with court-appointed provisional
administrator Dr. Wolfgang Maus.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 26, 2005, 9:30 a.m. at the district court of
Bad Kreuznach, Saal 34, Ringstrasse 79, 55543 Bad Kreuznach 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:  BACKEREI BACHMANN GBR
          Heddesheimer Str. 5
          55450 Langenlonsheim
          Kai Uwe Bachmann and Heike Bachmann Manager

          Dr. Jur Wolfgang Maus, Insolvency Manager
          Mannheimer Str. 254a,
          D-55543 Bad Kreuznach
          Phone: 0671/79496-13
          Fax: 0671/79496-10


CKS CITY-KLIMA: Court Stays All Pending Lawsuits
------------------------------------------------
The district court of Hamburg opened bankruptcy proceedings
against CKS City-Klima-Service GmbH on Dec. 1, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 26, 2005
to register their claims with court-appointed provisional
administrator Ingmar Jarchow.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 23, 2005, 11:20 a.m. at the district court
of Hamburg, Insolvenzgericht, Weidestrasse 122d, 22083 Hamburg,
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:  CKS CITY-KLIMA-SERVICE GMBH
          Liebigstrasse 34
          22113 Hamburg
          Jan Krokowski, Manager

          Ingmar Jarchow, Insolvency Manager
          Colonnaden 21
          20354 Hamburg
          Phone: 3501690
          Fax: 35016915


DATA CONSAULTING: Administrator to Present Report January 21
------------------------------------------------------------
The district court of Augsburg opened bankruptcy proceedings
against Data Consulting GmbH on Dec. 3, 2004.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Jan. 7, 2005 to register their
claims with court-appointed provisional administrator Ulrich
Guldner.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 21, 2005, 9:40 a.m. at the district court of
Augsburg, Justizgebaude, Sitzungssaal 162, Am Alten Einlass 1,
86150 Augsburg, 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:  DATA CONSULTING GMBH
          Flotowstr. 9
          86368 Gersthofen
          Reiner Finsterholzl, Manager

          Ulrich Guldner, Insolvency Manager
          Schertlinstr. 23
          86159 Augsburg


DA - TARA: Sets Creditors Meeting Third Week of January
-------------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against planning and development company DA - TARA
Planungs- und Entwicklungsgesellschaft mbH on Dec. 2, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until March 4, 2005
to register their claims with court-appointed provisional
administrator Dr. Petra Hilgers.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 20, 2005, 10:25 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, 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 25, 2005, at the same
venue.

CONTACT:  DA - TARA PLANUNGS- UND ENTWICKLUNGSGESELLSCHAFT MBH
          Friedrichstr. 194-199
          10117 Berlin

          Dr. Petra Hilgers, Insolvency Manager
          Goethestr. 85
          10623 Berlin


E. & H. WEITEMEYER: Administrator's Report Out February
-------------------------------------------------------
The district court of Gottingen opened bankruptcy proceedings
against hardware company E. & H. Weitemeyer Drehteile und
Metallwaren GmbH on Nov. 29, 2004.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Jan. 28, 2005 to register their claims with
court-appointed provisional administrator Henning Jung.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 22, 2005, 9:00 a.m. at the district court of
Gottingen, Saal B 11, Maschmuhlenweg 11, 37073 Gottingen, 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:  E. & H. WEITEMEYER DREHTEILE UND METALLWAREN GMBH
          Unterstrasse 1
          37127 Meensen

          Henning Jung, Insolvency Manager
          Wilhelmshoher Allee 270
          34131 Kassel
          Phone: 0561/3166311
          Fax: 0561/3166312


GEORG GUNTHER: Proofs of Claim Deadline Expires Next Week
---------------------------------------------------------
The district court of Gottingen opened bankruptcy proceedings
against Georg Gunther Grundstucks GmbH & Co. KG on Nov. 23,
2004.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until Jan. 7,
2005 to register their claims with court-appointed provisional
administrator Burghard Wegener.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 1, 2005, 9:00 a.m. at the district court of
Gottingen, Maschmuhlenweg 11, 37073 Gottingen, 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:  GEORG GUNTHER GRUNDSTUCKS GMBH & CO. KG
          Groner Strasse 23/25
          37081 Gottingen
          Georg Gunther, Manager

          Burghard Wegener, Insolvency Manager
          Obere Karspule 36
          D-37073 Gottingen
          Phone: 0551/5085920
          Fax: 5085921


HIEKE & PAUKSCH: Provisional Administrator Takes over Operations
----------------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against Hieke & Pauksch GmbH on Nov. 23, 2004.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until Jan. 10, 2005 to
register their claims with court-appointed provisional
administrator Helgi Heumann.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 2, 2005, 8:45 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:  HIEKE & PAUKSCH GMBH
          Lockwitzbachweg 18
          01279 Dresden
          Helge Pauksch, Manager

          Helgi Heumann, Insolvency Manager
          Konigsbrucker Str. 31/33
          01099 Dresden
          Web site: http://www.raheumann.de


INT SPORTS: Gives Creditors Until February to File Claims
---------------------------------------------------------
The district court of Koln opened bankruptcy proceedings against
Int Sports Equipment GmbH on Dec. 3, 2004.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Feb. 3, 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 March 3, 2005, 10:30 a.m. at the district court
of Koln, Hauptstelle, Luxemburger Strasse 101, 50939 Koln, 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:  INT SPORTS EQUIPMENT GMBH
          Lustheide 85
          51427 Bergisch Gladbach
          Helmut Polmans, Manager

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


JORG SCHMITZ: Period for Filing of Claims Ends this Week
--------------------------------------------------------
The district court of Koln opened bankruptcy proceedings against
automobile firm Jorg Schmitz GmbH on Dec. 1, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Dec. 30, 2004
to register their claims with court-appointed provisional
administrator Klaus W. Gerling.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 15, 2005, 9:00 a.m. at the district court of
Cologne, Hauptstelle, Luxemburger Strasse 101, 50939 Cologne, 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:  JORG SCHMITZ GMBH
          Kolnerstr. 65
          50226 Frechen
          Jorg Wilhelm Schmitz, Manager

          Klaus W. Gerling, Insolvency Manager
          Im Mediapark 6 B
          50670 Cologne
          Phone: 57 43 - 71 40
          Fax: +49 221 57 43 71 49


KARL SANGE: Creditors Meeting Set Third Week of January
-------------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against Karl Sange Maurer- und Zimmermeister GmbH &
Co. KG on Dec. 1, 2004.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until Feb. 15, 2005 to register their claims with court-
appointed provisional administrator Dr. Christoph Schaulte-
Kaubrugger.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 17, 2005, 9:05 a.m. at the district court of
Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, 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 11, 2005 at the same
venue.

CONTACT:  KARL SANGE MAURER- UND ZIMMERMEISTER GMBH & CO. KG
          Schonwalder Str. 41/42
          13585 Berlin

          Dr. Christoph Schulte-Kaubrugger, Insolvency Manager
          Genthiner Str. 48
          10785 Berlin


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


ALITALIA SPA: To Unlock Emergency Loan Early 2005
-------------------------------------------------
Struggling carrier Alitalia S.p.A. will use its EUR400 million
bridging loan early next year, Reuters says.

Alitalia plans to use the amount in January when the airline
industry experiences low traffic.  Currently suffering from low
liquidity, the carrier is also anticipating a possible probe by
the European Commission (EC), industry and financial sources
say.

The regulator approved a EUR400 million government-guaranteed
emergency loan for Alitalia in July after the carrier admitted
funding deficiency.  The EC gave Alitalia 12 months to repay the
loan at current market rates.

The EC is currently reviewing Alitalia's restructuring plan,
making sure it contains no element of state aid.  After the
review, the EC may either approve the plan or launch an in-depth
probe against the carrier, which could last 18 months.  The
probe would focus on the role played by state holding firm
Fintecna in the planned capital increase of AZ Service,
Alitalia's ground services unit.  The regulator would also make
sure the government's stake in AZ Service would not go beyond
49%.  The regulator required Italy to reduce its stake in
Alitalia to 49%.

"Alitalia expects the Commission to open a probe on January 19
to clear confusion over the capital increase and Fintecna's
participation," Reuters said.

Alitalia hopes the probe would not affect its restructuring work
and would close in time for the capital increase, industry
sources say.

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


===================
K Y R G Y Z S T A N
===================


NELMA: Last Day for Filing of Claims Set
----------------------------------------
LLC Nelma, which recently declared insolvency, will accept all
proofs of claim until February 21, 2005.  For more information,
call (0-312) 66-24-72


OSH TEHNIK: Gives Creditors Until February to File Claims
---------------------------------------------------------
LLC Osh Tehnik, which recently declared insolvency, will accept
all proofs of claim until February 21, 2005.  For more
information, call (03222) 2-48-80 or (0-502) 51-65-97.


SHURU: Claims Period Ends Third Week of February
------------------------------------------------
LLC Shuru, which recently declared insolvency, will accept all
proofs of claim until February 21, 2005 to Bishkek, Bokonbayeva
Str. 197/1


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


GETRONICS N.V.: Suspends Offer for Pinkroccade
----------------------------------------------
Getronics has been informed by PinkRoccade that it will allow
due diligence access to Ordina.  Getronics will closely monitor
the developments around and subsequent to such due diligence and
suspends the decision as to whether or not it will launch a
formal offer.  Getronics has notified PinkRoccade that it
preserves its position under the Merger Protocol agreed between
them.

This is an announcement under article 9b section 1 of the
Securities Transactions Supervision Decree 1995.

About Getronics

With approximately 22,000 employees in over 30 countries and
ongoing revenues of EUR2.4 billion, Getronics is one of the
world's leading providers of vendor independent Information and
Communication Technology (ICT) solutions and services.
Getronics today combines the capabilities of the original Dutch
company with those of Wang Global, acquired in 1999, and of the
systems and services division of Olivetti.  Getronics designs,
integrates and manages ICT infrastructures and business
solutions for many of the world's largest global and local
companies and organizations, helping them maximize the value of
their information technology investments.  Getronics'
headquarters are in Amsterdam, with regional offices in Boston,
Madrid and Singapore.  Getronics' shares are traded on Euronext
Amsterdam (GTN).  For further information about Getronics, visit
http://www.getronics.com

                            *   *   *

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN ORINTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN -

CONTACT:  GETRONICS N.V.
          Media Relations:
          Phone: +31 20 586 1581
          Fax: +31 20 586 1455
          E-mail: media@getronics.com

          Investor Relations:
          Phone: +31 20 586 1964
          Fax: +31 20 586 1455
          E-mail: investor.relations@getronics.com


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


DOROZHNIK: Declared Insolvent
-----------------------------
The Arbitration Court of Kemerovo region commenced bankruptcy
proceedings against Dorozhnik after finding the open joint stock
company insolvent.  The case is docketed as A27-7611/2004-4k.
Mr. V. Zimin has been appointed insolvency manager.  Creditors
may submit their proofs of claim to 650000, Russia, Kemerovo,
Post Office, Post User Box 886.

CONTACT:  DOROZHNIK
          652870, Russia, Kemerovo region,
          Mezhdurechensk, Stroilteley Pr. 50

          Mr. V. Zimin
          Insolvency Manager
          650000, Russia, Kemerovo,
          Post Office, Post User Box 886


KHOZ-TORG: Hires M. Chereshko as Insolvency Manager
---------------------------------------------------
The Arbitration Court of Kemerovo region commenced bankruptcy
proceedings against Khoz-Torg (TIN 4205000016) after finding the
open joint stock company insolvent.  The case is docketed as
A27-8380/1999-4.  Mr. M. Chereshko has been appointed insolvency
manager.

CONTACT:  KHOZ-TORG
          Russia, Kemerovo, Spasatelnaya Str. 59


KUBAN-ROOFING: Auctioning RUB405 Mln Worth of Properties
--------------------------------------------------------
The bidding organizer of close joint stock company Kuban-Roofing
will sell its properties on Dec. 29, 2004, 1:30 p.m.  The public
auction will take place at 121309, Russia, Moscow, Barklaya Str.
13, building 1, 5th floor, Room 513.

The assets for sale are:

Lot 1: Shopping Complex.  Starting price: RUB37,000,000;

Lot 2: Incomplete building.  Starting price: RUB2,500,000;

Lots 3-5: Shop, Department store, Repair Shop.
          Starting price: RUB1,017,165

The list of documentary requirements is available at 121309,
Russia, Moscow, Barklaya Str. 13, Building 1, 5th floor, Room
513.  To participate, bidders must deposit an amount equivalent
to 10% of the starting price to the settlement account
40702810700007201214, correspondent account
30101810700000000826, BIC 042274826 in DF OJSC ACB "Sarov-
biznes-bank", Dzerzhinsk.

CONTACT:  KUBAN-ROOFING
          Russia, Krasnodar, Kalinia Str. 1

          CONSULTING COMPANY TRADE-CONSULT
          Bidding Organizer
          121309, Russia, Moscow, Barklaya Str. 13,
          Building 1, 5th floor, Room 513
          Phone: 8-095-145-14-80


IBG BANK: Fitch Affirms 'D' Individual Rating
---------------------------------------------
Fitch Ratings has affirmed Nikoil IBG Bank's (IBG) Long-term
foreign currency 'B' with a Stable Outlook, Short-term 'B',
Individual 'D' and Support '5' ratings.

IBG's Long-term, Short-term and Individual ratings reflect the
bank's weak profitability, and the high levels of concentration
and related-party business on both sides of the balance sheet.
They also reflect its exposure to the risks of UFC's non-
financial investments, including through the booking of part of
the group's Lukoil stake with the bank and the challenges of
integration and merger.  However, they also factor in the bank's
adequate capitalization, to date reasonable asset quality and
the potentially strong strategic fit between IBG and the other
UFC banks.

IBG was founded in 1990 and acquired in 1997 by UFC.  IBG is
primarily a corporate bank, but also has a significant private
banking business and substantial trading operations.

CONTACT:  FITCH RATINGS
          James Watson, Moscow
          Phone: +7 095 956 9901

          James Longsdon, London
          Phone: +44 (0) 20 7417 4309

          Media Relations:
          Campbell McIlroy, London
          Phone: +44 20 7417 4327


MASH-PLANT: Bankruptcy Hearing Set January
------------------------------------------
The Arbitration Court of Rostov region commenced bankruptcy
proceedings against Mash-Plant after finding the limited
liability company insolvent.  The case is docketed as A53-
1802/04-S2-30.  Mr. I. Kaydashov has been appointed insolvency
manager.

Creditors may submit their proofs of claim to 150347044, Russia,
Rostov region, Belaya Kalitva, Ataeva.  A hearing will take
place on Jan. 11, 2005, 11:30 a.m.

CONTACT:  MASH-PLANT
          Russia, Rostov region,
          Belaya Kalitva, Ataeva

          Mr. I. Kaydashov
          Insolvency Manager
          347044, Russia, Rostov region,
          Belaya Kalitva, Ataeva


NIKOIL: 'B-' Long-term Currency Rating Affirmed
-----------------------------------------------
Fitch Ratings downgraded Financial Corporation Nikoil's Long-
term foreign currency rating to 'B-' from 'B' and Individual
rating to 'D/E' from 'D', affirmed Short-term 'B' and Support
'5' ratings.  The Outlook on Long-term foreign currency rating
is Stable.

The downgrade of Nikoil's Long-term foreign currency and
Individual ratings reflects substantial deterioration in capital
quality and the group's continued negative earnings, net of the
trading gains/dividend income from its 8% stake in Russian oil
company Lukoil.  Nikoil is the parent company of UFC.  Nikoil's
ratings also reflect the substantial market risk resulting from
its Lukoil stake.  However, they also consider UFC's adequate
liquidity and the potentially strong strategic fit between
Uralsib (acquired by UFC in 2003) and the other UFC banks,
including IBG.

Despite a high reported risk asset ratio, Fitch regards Nikoil's
capitalization as potentially very weak due to its large Lukoil
exposure (equal to 102% of Nikoil's consolidated equity at end-
2003).  In addition, some directly-held Lukoil shares on
Nikoil's consolidated balance sheet were replaced during 2003
with an 'equity-share financial asset' (equal to 53% of Nikoil
equity) conferring rights to the economic benefits, but not
legal ownership, of the shares. Furthermore, a 'subordinated
equity loan' (equal to 51% of equity) is included in capital,
while 57% of equity (primarily the receipts from the
subordinated equity loan) with entities not legally owned by
Nikoil, is booked and consolidated on the basis that the
activities of these entities are conducted on UFC's behalf.

Nikoil's bottom-line performance ratios were strong in 2003, but
this was primarily due to gains on its Lukoil positions.  Net of
these gains, UFC was loss making in both 2003 and 2002, and the
group's three main banks (Uralsib, IBG and Avtobank-Nikoil) all
made sub-inflation, albeit positive, returns on equity in both
H104 and 2003.  The merger of the banks should provide
opportunities to improve efficiency, but realizing these in the
near-term will be challenging.

Nikoil is the parent company of UFC, a large Russian group
owning both financial and non-financial assets.  The group was
formed in 1993 and is ultimately owned by two individuals. Apart
from the 8% stake in Lukoil, the group's major assets include
banks and other financial services companies, which provide
insurance, leasing, asset management, brokerage and factoring
services.  In 2005, UFC plans to merge its largest banks,
including Uralsib, IBG and Avtobank-Nikoil.

CONTACT:  FITCH RATINGS
          James Watson, Moscow
          Phone: +7 095 956 9901

          James Longsdon, London
          Phone: +44 (0) 20 7417 4309

          Media Relations:
          Campbell McIlroy, London
          Phone: +44 20 7417 4327


PERMSKAYA TIMBER: Perm Court Names A. Lobas Insolvency Manager
--------------------------------------------------------------
The Arbitration Court of Perm region commenced bankruptcy
proceedings against Permskaya Timber Company after finding the
limited liability company insolvent.  The case is docketed as
A5-5387/2004-B.  Mr. A. Lobas has been appointed insolvency
manager.  Creditors have until Jan. 26, 2005 to submit their
proofs of claim to 614039, Russia, Perm, Shvetsova Str. 39.

CONTACT:  PERMSKAYA TIMBER COMPANY
          Russia, Perm, Shvetsova Str. 39

          Mr. A. Lobas
          Insolvency Manager
          614039, Russia, Perm, Shvetsova Str. 39


ROZHDESTVENSKOYE: Kursk Court Appoints Insolvency Manager
---------------------------------------------------------
The Arbitration Court of Kursk region commenced bankruptcy
proceedings against Rozhdestvenskoye after finding the open
joint stock company insolvent.  The case is docketed as A35-
3059/02 g.  Ms. E. Slepushkina has been appointed insolvency
manager.  Creditors may submit their proofs of claim to 305029,
Russia, Kursk, K. Marksa, 51, room 315.

CONTACT:  ROZHDESTVENSKOYE
          307800, Russia, Kursk region,
          Sudzhanskiy region, Guevo

          Ms. E. Slepushkina
          Insolvency Manager
          305029, Russia, Kursk,
          K. Marksa, 51, Room 315


SARATOVSKIY: Selling Assets Worth RUB1 Mln Today
------------------------------------------------
The bidding organizer of open joint stock company Saratovskiy
will sell its property on Dec. 29, 2004, 12:00 noon.  The public
auction will take place at Russia, Saratov , Michurina Str.,
98/102, Office 104.  Up for sale are buildings and a sewerage
system.  Starting price: RUB1,990,000.

The list of documentary requirements is available at 410028,
Russia, Saratov , Michurina Str. 98/102, Office 104.  To
participate, bidders must deposit an amount equivalent to 20% of
the starting price to the settlement account
40702810707010001542 in FCJSC ACBRiR "EkonomBank" in Volzhskiy
region in Saratov, BIC 046311722, TIN 6455006952, OKONKh 84100,
OKPO 33230790, correspondent account 3010181060000000722.

CONTACT:  SARATOVSKIY
          Russia, Saratov

          IC SINYAYA PTITSA
          Bidding Organizer
          410028, Russia, Saratov,
          Michurina Str. 98/102, Office 104


SIXTH CHANNEL: Holding Public Auction Today
-------------------------------------------
The bidding organizer of close joint stock company Sixth Channel
(TIN 770617875, KPP 774401001) will sell its property on Dec.
29, 2004, 12:00 noon (Moscow time).  The public auction will
take place at Russia, Moscow, Bolshaya Pochtovaya Str., 36,
Building 1.  Up for sale are the rights of claim of the company.
Starting price: RUB4,100,000.

The list of documentary requirements is available at Russia,
Moscow, Bolshaya Pochtovaya Str. 36, Building 1.  To
participate, bidders must deposit an amount equivalent to 20% of
the starting price to the settlement account
40702810400170000370 in OJSC Vneshtorgbank, correspondent
account 30101810700000000187 in OPERU of Moscow GTU bank of
Russia, BIC 044525189, TIN 7702070139.

CONTACT:  OMNIA CAPITAL (TIN 7706171875, OGRN 1027739600932),
          Bidding Organizer
          Russia, Moscow, Bolshaya Pochtovaya Str. 36,
          Building 1
          Phone: (095) 784-59-63


SPECIALIZED COOPERATION: Deadline for Proofs of Claims Set
----------------------------------------------------------
The Arbitration Court of Kemerovo region commenced bankruptcy
proceedings against Specialized Cooperation On Debugging Of
Electro-Technical Equipment after finding the open joint stock
company insolvent.  The case is docketed as A27-6753/2004-
4/#A27-16156/2003-4.  Mr. V. Togulev has been appointed
insolvency manager.  Creditors have until Jan. 26, 2005 to
submit their proofs of claim to 650070, Russia, Kemerovo,
Tereshkovoy Str. 53.

CONTACT:  SPECIALIZED COOPERATION ON DEBUGGING OF
          ELECTRO-TECHNICAL EQUIPMENT
          650070, Russia, Kemerovo, Tereshkovoy Str. 53

          Mr. V. Togulev
          Insolvency Manager
          650070, Russia, Kemerovo, Tereshkovoy Str. 53


URAL-SIBERIAN BANK: Fitch Affirms 'D' Individual Rating
-------------------------------------------------------
Fitch Ratings has changed Ural-Siberian Bank's (Uralsib) Outlook
on 'B' Long-term foreign currency rating to Stable from
Positive, affirmed Long-term 'B', Short-term 'B', Individual 'D'
and Support '4' ratings.

Credit risk appears to be reasonably well managed, and
harmonization of risk management policies and procedures between
the UFC banks is well advanced.  The loan book grew more than
threefold during 2003, mainly due to the Uralsib acquisition
(organic growth was 52%), but still only accounted for 34% of
assets at end-2003.  Concentration levels were relatively low
for a Russian lender with top 10 borrowers accounting for 21% of
the portfolio, while non-performing loans were well covered by
loan loss reserves, although the latter has fallen at UFC banks
in H104.  Liquidity appears to be adequate, and part of UFC's
Lukoil stake can be used to raise short-term financing, if
required.  Non-equity funding is relatively well diversified, by
both source and tenor.

The change in the Outlook of Uralsib's Long-term rating to
Stable from Positive reflects the bank's continued weak
profitability and high cost base, its exposure to the risks of
UFC's non-financial investments post acquisition, including
through the booking of part of the group's Lukoil stake with the
bank, and the challenges of integration and merger with UFC's
other banks.  Uralsib's Long-term, Short-term and Individual
ratings also reflect the significant concentration of its loan
book, the reduced, albeit still not low, capitalization and a
further drop in the loan loss reserve ratio, although asset
quality, to date, has been reasonable.  However, they also
consider the bank's strong franchise in Bashkortostan and
growing business beyond the Republic, its adequate liquidity and
relatively well-diversified funding, and the potentially strong
strategic fit with other UFC banks.

Uralsib's franchise outside of Bashkortostan, where it is
incorporated, has grown considerably since 2001.  In addition,
there is a potentially strong strategic fit between the bank's
well-developed network and broad customer base, and the more
extensive product range of IBG and other UFC companies.

The government of the Republic of Bashkortostan in 1993 founded
Uralsib, formerly Bashcreditbank.  In H203 and 2004, UFC
acquired a stake of over 75% in the bank from the Republic
(which retains a minority stake) and other shareholders.
Although still concentrated on its stronghold of Bashkortostan,
since 2001 Uralsib has rapidly expanded both its corporate and
retail franchises in other regions of Russia.

CONTACT:  FITCH RATINGS
          James Watson, Moscow
          Phone: +7 095 956 9901

          James Longsdon, London
          Phone: +44 (0) 20 7417 4309

          Media Relations:
          Campbell McIlroy, London
          Phone: +44 20 7417 4327


YURGINSKIY FACTORY: Deadline for Proofs of Claim Set January
------------------------------------------------------------
The Arbitration Court of Kemerovo region commenced bankruptcy
proceedings against Yurginskiy Factory Of Reinforced Concrete
Constructions after finding the limited liability company
insolvent.  The case is docketed as A27-6176/2004-4.  Mr. A.
Tkachenko has been appointed insolvency manager.  Creditors have
until Jan. 26, 2005 to submit their proofs of claim to 652050,
Russia, Kemerovo, Yurga, Shosseynaya Str. 56.

CONTACT:  YURGINSKIY FACTORY OF REINFORCED
          CONCRETE CONSTRUCTIONS
          Russia, Kemerovo region, Yurgi

          Mr. A. Tkachenko
          Insolvency Manager
          652050, Russia, Kemerovo,
          Yurga, Shosseynaya Str. 56


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


LM ERICSSON: Sharp Extends License Agreement from WCDMA to GPRS
----------------------------------------------------------------
Sharp has selected Ericsson Mobile Platforms to supply GSM/GPRS
mobile platforms, extending their successful corporation in 3G
to GSM/GPRS.

Under the license agreement Ericsson will supply Sharp its quad-
band G210 platform for GSM/GPRS.  The G210 is a compact and
powerful GSM/GPRS platform with less than 100 components, best
in class power consumption and advanced integrated multimedia
feature support.

"Sharp builds some of the most advanced phones in the world and
we are very happy that our G210 platform meets their
requirements," says Sandeep Chennakeshu, President of Ericsson
Mobile Platforms.  "Our GSM/GPRS platform is among the most
stable and widely tested platforms in the world."

"The EMPG210 platform was a good fit for our advanced display,
camera and multimedia feature needs," says Masafumi Matsumoto,
Corporate Executive Director and Group General Manager, Sharp
Corporation.  "We chose the Ericsson Mobile Platforms G210
platform due to the ability to reuse our 3G application suite,
the flexibility, which allows us to differentiate the product,
its stability, low power consumption and small size."

Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership.
Providing innovative solutions in more than 140 countries,
Ericsson is helping to create the most powerful communication
companies in the world.

About Ericsson Mobile Platforms

Ericsson Mobile Platforms offers a complete, end-to-end
interoperability tested platform portfolio across 2,5 and 3G. A
common software platform for GSM/GPRS, EDGE and WCDMA terminals
enabling application portability, stability, security, state-of-
the-art power consumption and size.

Ericsson Mobile Platforms offering include reference design,
platform software, ASIC's and development boards, core
applications and UI toolkit, development and test tools,
industrialization solution, support, training and documentation.

Technology is based on our global standardization leadership and
the world's strongest Intellectual Property Rights for 2.5 and
3G systems.  Ericsson Mobile Platforms is wholly owned company
within the Ericsson Group.

About Sharp Corporation

Sharp Corporation is a worldwide developer of innovative
products and core technologies that play a key role in shaping
the future of electronics.  As a leader in liquid crystal
displays (LCDs) and digital technologies, Sharp offers one of
the broadest and most advanced lines of consumer electronics,
information products and electronic components, while also
creating new network businesses.

Sharp Corporation employs about 55,000 people in the world (as
of October 31, 2004) and recorded consolidated annual sales of
over 2,257,273 million yen for the fiscal year ended March 31,
2004. For more information, please visit http://sharp-world.com.

CONTACT:  LM ERICSSON
          Peter Olofsson
          Ericsson Group Function Communications
          Phone: +46 719 18 80, +46 719 69 92
          E-mail: press.relations@ericsson.com


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


* Risks Remain as Banks Receive Weak Ratings
--------------------------------------------
Fitch Ratings, the international rating agency, said on December
23, 2004 the current political situation and recent banking
sector turbulence in Ukraine have so far not had a significant
impact on the creditworthiness of the banks rated by the agency.
However, given the re-run of the second round of the
Presidential election on December 26, these banks continue to
face considerable risks.

Following an increase in deposit withdrawals and the National
Bank of the Ukraine's (NBU) measures to preserve sector
liquidity, in the wake of the disputed late November
presidential elections, Fitch has continued to monitor the
banks' balance sheets and liquidity profiles.  Although they
have seen some outflow of retail deposits, these have not
typically been material.  Nevertheless, the banks have taken
measures to conserve liquidity.

At the same time, the situation in the Ukrainian banking sector
remains very difficult, as reflected in the effective
disappearance of the domestic inter-bank market as a source of
unsecured liquidity and, Fitch understands, the granting by the
NBU of stabilization loans to some of the country's banks.
Furthermore, the re-run on December 26 of the second round of
the Presidential election, whatever the result, could lead to a
further escalation of political tension.  This could bring with
it the risk of renewed increases in deposit withdrawals, albeit
probably mainly from current accounts, following the NBU's
decree that seeks to restrict early withdrawals of term
deposits, and pressure on bank liquidity.

Thus, while Fitch notes that the very weak ratings of Ukrainian
banks continue to reflect the risks they currently face and
their vulnerability to shocks, the agency will continue to
monitor the situation closely in the days before and after the
election.  Negative rating actions could still follow if there
is a marked deterioration in the banks' liquidity profiles or
other payment difficulties are experienced.

Fitch has these ratings for Ukrainian banks:

(a) CJSC Privatbank: Long-term 'B-' (B minus) Stable Outlook,
    Short-term 'B', Individual 'D' and Support '5'.

(b) First Ukrainian International Bank: Long-term 'B-' (B minus)
    Stable Outlook, Short-term 'B', Individual 'D' and Support
    '5'.

(c) Industrialbank: Long-term 'CCC' Stable Outlook, Short-term
    'C', Individual 'D/E' and Support '5'.

(d) JSIB Ukrsibbank: Long-term 'B-' (B minus) Stable Outlook,
    Short-term 'B', Individual 'D/E' and Support '5'.

(e) OJSC The State Export-Import Bank of Ukraine (Ukreximbank):
    Long-term 'B+' Stable Outlook, Short-term 'B', Individual
    'D/E' and Support '4'.  Ukreximbank's Long-term rating is
    underpinned not by intrinsic factors, but rather by the
    support it can expect to receive from the Ukrainian
    authorities, in case of need.

(f) ProCredit Bank (Ukraine): Long-tem 'B+' Stable Outlook,
    Short-term 'B', Individual 'D/E', Support '4' and Long-term
    local currency 'BB-' (BB minus).  ProCredit Bank's Long-term
    rating is underpinned by the support it can expect to
    receive from its shareholders, in particular IMI
    Internationale Micro Investitionen (rated 'BBB-').

(g) Bank Credit Dnepr: Support '5'.

Fitch's Individual ratings assess how a bank would be viewed if
it were entirely independent and could not rely on external
support. Its Support ratings deal with the question of whether a
bank would receive support from its owners or from the state if
it were to get into difficulty. These ratings are not debt
ratings but rather, respectively, an assessment of the intrinsic
strength of a bank and of any level of outside support that may,
or may not, be available to it.

CONTACT:  FITCH RATINGS
          James Watson, Moscow
          Phone: +7 095 956 9901

          James Longsdon, London
          Phone: +44 (0) 20 7417 4309

          Media Relations:
          Campbell McIlroy, London
          Phone: +44 20 7417 4327


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


ADDMATCH LIMITED: Final Creditors Meeting Set Mid-January
---------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

                IN THE MATTER OF Addmatch Limited
                         (In Liquidation)

Notice is hereby given in accordance with section 146 of the
Insolvency Act 1986, that the Final Meeting of Creditors of
Addmatch Limited will be held at 10:00 a.m. on Friday, January
14, 2005 at 12 Carden Place, Aberdeen AB10 1UR, for the purposes
of receiving an account of the winding-up from the Liquidator,
together with any explanation that may be given by him.

The Meeting will also consider these resolutions:

(a) To approve the Liquidator's release; and

(b) To authorize the Liquidator to dispose of the Company's
    accounting records three months after the date of the Final
    Meeting.

Michael J. M. Reid CA, Liquidator
December 9, 2004

CONTACT:  MESTON REID & CO
          12 Carden Place
          Aberdeen AB10 1UR
          E-mail: info@mestonreid.com
          Web site: http://www.meistonreid.com


ANGLO BELLAMY: Members Opt for Liquidation
------------------------------------------
At the extraordinary general meeting of the members of Anglo
Bellamy Wilkinson Limited on Dec. 19, 2004 held at 25 Berkley
Square, London W1J 6HB, the ordinary resolution to wind up the
company was passed.  Keith Aleric Stevens and Stephen Paul Grant
have been appointed joint liquidators of the company.

CONTACT:  25 Berkley Square,
          London W1J 6HB


A P AEROSPACE: Director Banned from Occupying Management Post
-------------------------------------------------------------
The director of an engineering holding company that failed with
total debts estimated at around GBP257,488 has given an
Undertaking not to hold directorships or take any part in
company management for four years.

The Undertaking by Paul Swatman, 48, of Boggle Lane, Sproatley,
Hull was given in respect of his conduct as a director of A P
Aerospace Plc, which carried on business from premises at
Eppleworth Road, Cottingham, Hull.

Acceptance of the Undertaking on November 22, 2004 prevents Paul
Swatman 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 above period.

A P Aerospace Plc was placed into compulsory liquidation on
November 19, 2002 on the petition of the directors, Andrew Peter
Stone and Paul Swatman.  The company has an estimated total
deficiency of GBP5,801,533, including share capital of
GBP5,544,045.  The Official Receiver at Hull conducted the
investigation and disqualification procedure.

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, not disputed by Paul Swatman solely
for the purposes of the undertaking, were that he:

(a) caused or allowed material inaccuracies to be published in a
    share offer prospectus, which was issued on November 10,
    2000.  Despite those inaccuracies being brought to his
    attention by way of letter dated 28 November 2000 he failed
    to correct those statements.  The misrepresentations were to
    the detriment of private investors in that out of 16
    responses to the Official Receiver 14 private investors have
    stated that they would not have invested in AP had they
    known about the inaccuracies;

(b) failed to comply with statutory provisions and his fiduciary
    duties as a director of AP in that he failed to maintain
    and/or preserve a register of members contrary to Section
    352 of the Companies Act 1985 or that if such a register was
    kept he failed to deliver it up to the Official Receiver
    when requested to do so; and

(c) failed to ensure that AP maintained full and proper
    accounting records from May 31, 2001, when the last audited
    accounts were produced, to November 19, 2002, the date of
    the Winding-up Order.

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


AVON JETTING: Calls in Liquidator from Wilson Phillips
------------------------------------------------------
At the extraordinary general meeting of the members of Avon
Jetting Services Limited on Dec. 10, 2004 held at 432 Gloucester
Road, Bristol, the extraordinary resolution to wind up the
company was passed.  David Bottomley of Wilson Phillips, 71
Preston New Road, Blackburn BB2 6AY has been nominated
liquidator of the company.

CONTACT:  WILSON PHILLIPS
          71 Preston New Road, Blackburn BB2 6AY


BARRHEAD TRADELINK: Director Gets 7-year Ban from Holding Office
----------------------------------------------------------------
The director of a vehicle maintenance and repair business that
failed with total debts estimated at around GBP98,000 has given
an Undertaking not to hold directorships or take any part in
company management for seven years.

The Undertaking by Janis Colquhoun, 57, of Plantation Park
Gardens, Glasgow was given in respect of her conduct as a
director of Barrhead Tradelink Vehicle Services Limited, which
carried out business from premises at 99 Blackbyres Road,
Barrhead, Glasgow, G78 1TN.

Acceptance of the Undertaking on November 30, 2004 prevents
Janis Colquhoun from being 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.  Barrhead Tradelink Vehicle Services Limited was
placed into compulsory liquidation on the making of a Winding-up
Order in the Court of Session on September 5, 2003 with
estimated deficiency of GBP98,000 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 to be
unfit to be involved in the management of companies in the
future.

Matters of unfit conduct, not disputed by Janis Colquhoun, were
that:

(a) She caused or permitted the Company to fail to deal
    adequately with its tax affairs resulting in claims on
    behalf of the Crown Departments in the sum of GBP62,215.00
    arising; and

(b) She failed to ensure that adequate accounting records were
    maintained, preserved or delivered to the liquidator.  As a
    consequence of this failure it was not possible for the
    Company to:

    (i) Show or explain its receipts and payments in full, in
        particular GBP17,858.26 received for MOT testing was not
        recorded in the accounts;

   (ii) Show or explain the disposal of motor vehicles valued at
        GBP75,749 on July 30, 2003; and

  (iii) Show or explain the disposal of a MOT Testing Station
        valued at GBP34,255 on July 30, 2003.

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


BETAGAS ASSESSMENT: Brings in Liquidators from S. G. Banister
-------------------------------------------------------------
At the extraordinary general meeting of Betagas Assessment
Services Limited on Nov. 25, 2004 held at S G Banister & Co, 40
Great James Street, London WC1N 3HB, the subjoined extraordinary
resolution to wind up the company was passed.  Tim Alexander
Clunie of S. G. Banister & Co., 40 Great James Street, London
WC1N 3HB has been appointed liquidator of the company.

CONTACT:  S. G. Banister & Co.
          40 Great James Street,
          London WC1N 3HB


BIG FOOD: Scheme Hearing Set January 19
---------------------------------------
                   Posting of Scheme Circular

The Directors of BFG announce that on Dec. 21, 2004 the High
Court of Justice of England and Wales made an Order, in
connection with the proposed scheme of arrangement pursuant to
section 425 of the Companies Act between BFG and the BFG Scheme
Shareholders, that BFG may convene a Court Meeting for 10:00
a.m. on Jan. 21, 2005 of BFG Shareholders (other than the Baugur
Holder) for the purpose of considering and, if thought fit,
approving the Scheme.  An Extraordinary General Meeting of BFG
has been convened for 10:05 a.m. on the same day (or as soon
thereafter as the Court Meeting has concluded or been
adjourned).

As described in the Scheme Circular (as defined below), the
Scheme will require the approval of BFG Shareholders (other than
the Baugur Holder) at the Court Meeting, and the passing of a
special resolution by BFG Shareholders at the BFG Extraordinary
General Meeting.  The Scheme and associated Capital Reduction
will also require the subsequent sanction and confirmation of
the Court.

Both Meetings will be held at UBS Limited, 1 Finsbury Avenue,
London EC2M 2PP.

The Scheme Circular containing, inter alia, the terms of the
Scheme, an Explanatory Statement (pursuant to section 426 of the
Companies Act 1985), notices of the Meetings, a timetable of
principal events, and details of the action to be taken by BFG
Shareholders is being posted to all BFG Shareholders and, for
information only, to participants in the BFG Share Schemes (the
Scheme Circular).

             Expected timetable of principal events:

                              Event

          Latest time for lodging Forms of Proxy for:

Court Meeting                 10:00 a.m. on 19 January 2005 [1]

Extraordinary General Meeting 10:05 a.m. on 19 January 2005

Court Meeting                 10:00 a.m. on 21 January 2005

Extraordinary General Meeting 10:05 a.m. on 21 January 2005 [2]

Scheme Hearing Date (to sanction
the Scheme if approved by the BFG
Shareholders)                               8 February 2005 [3]

Last day of dealings in,
and for registration of
transfers of, BFG Shares                   10 February 2005 [3]

Reduction Hearing Date (to confirm
the Capital

Reduction if
sanctioned by the BFG Shareholders)        10 February 2005 [3]

Scheme Record Time            6:00 p.m. on 10 February 2005 [3]

Effective Date of the Scheme
(if sanction and confirmation of
the Court is received)                     11 February 2005 [3]

Cancellation of listing
of BFG Shares                              11 February 2005 [3]

Latest date for despatch of  cheques
and settlement
through CREST               14 days from the Effective Date [3]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
[1] Alternatively, the Form of Proxy for the Court Meeting may
be handed to the Chairman of the Court Meeting at the Court
Meeting, and it will still be valid.

[2] To commence at 10:05 a.m. or, if later, immediately after
the conclusion or adjournment of the Court Meeting.

[3] These times and dates are indicative only and will depend,
among other things, on the date upon which the Court sanctions
the Scheme and confirms the associated Capital Reduction of BFG.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: 020 7066 1000

CONTACT:  THE BIG FOOD GROUP
          Bill Grimsey
          Bill Hoskins
          Phone: +44 (0) 20 7796 4133

          Gavin Anderson & Company
          (Public relations adviser to Giant BidCo and Baugur)
          Phone: +44 (0) 20 7554 1400
          Halldor Larusson
          Phone: +44 (0) 7979 756 572

          Deutsche Bank
          (Financial adviser and broker to Giant BidCo and
          Baugur)
          Damian Thornton
          Joanna Lea
          Toby Clark (Corporate Broking)
          Phone: +44 (0) 20 7545 8000

          Bank of Scotland
          Head of Media Relations
          Mark Elliott
          Phone: +44 (0) 131 243 5572

          Citigroup
          (Financial adviser and broker to BFG)
          Ian Hart
          Ted Kuh
          Ed Matthews (Corporate Broking)
          Phone: +44 (0) 20 7986 4000

          UBS Investment Bank
          (Financial adviser and broker to BFG)
          Adrian Haxby
          Michael Lacey-Solymar
          Phone: +44 (0) 20 7567 8000

          gcg hudson sandler
          (Public relations adviser to BFG)
          Andrew Hayes
          Noemie de Andia
          Phone: +44 (0) 20 7796 4133


CLOUD NINE: Insolvency Service Serves Seven-year Ban on Director
----------------------------------------------------------------
A director of two recruitment agency businesses that failed with
total debts estimated at around GBP270,000 has given an
Undertaking not to hold directorships or take any part in
company management for seven years.

The Undertaking by Shaun Michael Wilkinson of Bentley Square,
Oulton, Leeds, was given in respect of his conduct as a director
of Cloud Nine Industrial Recruitment Limited and Cloud Nine
Charters Limited, which both carried out business from premises
at Waverley House, 14 Woodhouse Square, Leeds, LS31 1AQ.

Acceptance of the Undertaking on December 7, 2004 prevents Shaun
Michael Wilkinson 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 above period.  Industrial was placed into
voluntary liquidation on July 30, 2001 with estimated debts of
GBP195,837 owed to its creditors.  Charters was placed into
voluntary liquidation on August 14, 2002 with estimated debts of
GBP74,933 owed to its 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 to be
unfit to be involved in the management of companies in the
future.

Matters of unfit conduct, not disputed by Shaun Michael
Wilkinson solely for the purpose of the undertaking, were that
he:

(a) Caused Industrial to trade in breach of its statutory
    obligations to both the Inland Revenue and HM Customs and
    Excise;

(b) Caused Charters to fail to deal with its VAT and PAYE/NIC
    obligations and to trade from November 1, 2001 in respect of
    VAT and at the very latest from February 19, 2002 in respect
    of PAYE/NIC, to the detriment and at the risk of HM Customs
    and Excise and of the Inland Revenue;

(c) Failed, as required by the administrative receiver, to lodge
    a sworn statement of affairs for Charters as at August 14,
    2002 or to submit a completed director's questionnaire,
    thereby hampering the administrative receivers in the
    exercise of their statutory duties; and

(d) Caused Charters to continue substantially the same business
    as that of Industrial, which went into liquidation on July
    30, 2001, without providing any additional capital and
    consequently without reasonable grounds to expect that
    Charters could succeed where Industrial failed.

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


COMPUTER XROADS: Members Okay Proposal to Liquidate Company
-----------------------------------------------------------
At the extraordinary general meeting of the members of Computer
Xroads Limited on Dec. 8, 2004 held at 1640 Parkway, Solent
Business Park, Whiteley, Fareham, Hampshire, the extraordinary
and ordinary resolutions to wind up the company were passed.
Peter Robin Bacon and Carl Derek Faulds of Portland Business &
Financial Solutions Ltd., 1640 Parkway, Solent Business Park,
Whiteley, Fareham, Hampshire have been appointed joint
liquidators of the company.

CONTACT:  PORTLAND BUSINESS & FINANCIAL SOLUTIONS LTD.
          1640 Parkway, Solent Business Park,
          Whiteley, Fareham, Hampshire


COOTE CONCRETE: Appoints Wilson Phillips Liquidator
---------------------------------------------------
At the extraordinary general meeting of the members of Coote
Concrete Structures Limited on Dec. 10, 2004 held at 432
Gloucester Road, Bristol, the extraordinary resolution to wind
up the company was passed.  David Bottomley of Wilson Phillips,
71 Preston New Road, Blackburn BB2 6AY has been nominated
liquidator of the company.

CONTACT:  WILSON PHILLIPS
          71 Preston New Road, Blackburn BB2 6AY


CROMWELL CLASSIC: Hires Administrator from Menzies Corporate
------------------------------------------------------------
Paul John Clark and Andrew John Duncan (IP Nos 8570, 9319) have
been appointed administrators for Cromwell Classic Limited.  The
appointment was made Dec. 13, 2004.  The company specializes in
architectural metalwork.  Its registered office is located at
17-19 Foley Street, London W1V 6DW.

CONTACT:  MENZIES CORPORATE RESTRUCTURING
          17-19 Foley Street
          London W1W 6DW
          Phone: 020 7291 9750
          Fax: 020 7291 9777
          E-mail: mcr@menzies.co.uk
          Web site: http://www.menzies.co.uk


DAIWA EUROPE: Begbies Traynor Liquidators Enter Firm
----------------------------------------------------
At the general meeting of Daiwa Europe Property Limited, the
special and ordinary resolutions to wind up the company were
passed.  Nicholas Roy Hood and Paul Michael Davis of Begbies
Traynor of 32 Cornhill, London EC3V 3BT have been appointed
liquidators of the company.

CONTACT:  BEGBIES TRAYNOR (SOUTH) LLP
          32 Cornhill, London EC3V 3BT
          Phone: 020 7398 3800
          Fax:   020 7398 3799
          Web site: http://www.begbies.com


DANOGUE SOFTWARE: Calls in Liquidators from Baker Tilly
-------------------------------------------------------
At the extraordinary general meeting of the members of Danogue
Software Limited on Dec. 17, 2004 held at Baker Tilly, 1st
Floor, 46 Clarendon Road, Watford, Hertfordshire WD17 1JJ, the
special resolution to wind up the company was passed.  John
Wilson and Tracey Elizabeth Callaghan of Baker Tilly, 1st Floor,
46 Clarendon Road, Watford, Hertfordshire WD17 1JJ have been
appointed joint liquidators of the company.

CONTACT:  BAKER TILLY
          1st Floor,
          46 Clarendon Road, Watford,
          Hertfordshire WD1 1JJ
          Phone: 01923 816400
          Fax:   01923 253402
          Web site: http://www.bakertilly.co.uk


DD LIMITED: Appoints Benedict Mackenzie Liquidator
--------------------------------------------------
At the extraordinary general meeting of DD Limited on Dec. 17,
2004 held at the offices of Benedict Mackenzie LLP, 3-4 The
Courtyard, East Park, Crawley, West Sussex RH10 6AG, the
subjoined special and ordinary resolutions to wind up the
company were passed.  Malcolm Peter Fillmore and Ms. Ranjit
Bajjon of Benedict Mackenzie LLP, 3-4 The Courtyard, East Park,
Crawley, West Sussex RH10 6AG have been appointed joint
liquidators of the company.

CONTACT:  BENEDICT MACKENZIE LLP
          3-4 The Courtyard, East Park,
          Crawley, West Sussex RH10 6AG
          Phone: 01293 447 799 / 410 333
          Fax: 01293 447 800 / 428 530
          Web site: http://www.benemack.com


DONAGHADEE CARPETS: Falls into Receivership Anew
------------------------------------------------
Co Down-based group Donaghadee Carpets has gone into
receivership, Europe Intelligence Wire says.

More than a thousand employees of the carpet maker, previously
known as Carpets International Limited (CIL), face an uncertain
future, as the group plans to lay off workers.  CIL first went
into receivership in August 2003, leaving 429 employees in
Donaghadee and Killinchy jobless.  Former managers relaunched
the group, renaming it Donaghadee Carpets.

CONTACT:  DONAGHADEE CARPETS LIMITED
          41 High Bangor Road
          Donaghadee BT21 0PA


EVERGER ASSOCIATES: Hires Deloitte & Touche as Liquidator
---------------------------------------------------------
At the general meeting of the Everger Associates Limited, the
special and ordinary resolutions to wind up the company were
passed.  J. R. D. Smith and N. J. Dargan of Deloitte & Touche
LLP, Athene Place, 66 Shoe Lane, London EC4A 3WA have been
appointed joint liquidators of the company.

CONTACT:  DELOITTE & TOUCHE LLP
          Athene Place
          66 Shoe Lane
          London EC4A 3BQ
          Phone: 00 44 (0) 207 936 3000
          Fax: 00 44 (0) 207 779 4001
          Web site: http://www.deloitte.com


FIRBECK TIMBER: Owners Agree to Call in Liquidators
---------------------------------------------------
At the extraordinary general meeting of Firbeck Timber Company
Limited on Dec. 10, 2004 held at Heathfield Road, Ayr, the
special and ordinary resolutions to wind up the company were
passed.  Tim Alan Askham of Mazars LLP has been appointed
liquidator of the company.


FORTY-EIGHT SHELF: Sets Deadline for Filing of Claims
-----------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

        IN THE MATTER OF Forty-Eight Shelf (134) Limited
                        (In Liquidation)

I, Henry R Paton, of Milne, Craig & Corson, 79 Renfrew Road,
Paisley PA3 4DA, hereby give notice that on December 14, 2004, I
was appointed Liquidator of Forty-Eight Shelf (134) Limited by a
resolution of the First Meeting of the Creditors held in terms
of section 138(3) of the Insolvency Act 1986.  A Liquidation
Committee was not established.

I do not intend to summon another Meeting to establish a
Liquidation Committee unless requested to do so by one-tenth in
value of the Company's Creditors.  All Creditors who have not
already lodged a statement of their claim are requested to do
so, on or before March 18, 2005.

Henry R. Paton, Liquidator
December 14, 2004

CONTACT:  MILNE CRAIG & CORSON
          Abercorn House
          79 Renfrew Road
          Paisley PA3 4DA
          Phone: 00 44 141 887 7811
          Fax: 00 44 141 887 7753
          E-mail: mcc.admin@milnecraig.co.uk
          Web site: http://www.milnecraig.co.uk


GREEN & MOORCROFT: Calls in Liquidator from F A Simms & Partners
----------------------------------------------------------------
At the extraordinary general meeting of Green & Moorcroft
Limited on Dec. 16, 2004 held at 78 Browns Lane, Knowle,
Solihull, West Midlands B93 9BE, the special resolution to wind
up the company was passed.  Richard Frank Simms of F A Simms &
Partners Plc, Insol House, 39 Station Road, Lutterworth,
Leicestershire LE17 4AP has been appointed liquidator of the
company.

CONTACT:  F A SIMMS & PARTNERS PLC
          Insol House, 39 Station Road,
          Lutterworth, Leicestershire LE17 4AP


HOUSE OF BATH: Sets Creditors Meeting January
---------------------------------------------
The creditors of House of Bath Limited will meet on Jan. 10,
2005 commencing at 2:30 p.m.  It will be held at The New
Connaught Rooms, 61-65 Great Queen Street, Covent Garden, London
WC2B 5DA.  Creditors who want to be represented at the meeting
may appoint proxies.  Proxy forms must be submitted together
with written debt claims to UHY Hacker Young, St Alphage House,
2 Fore Street, London EC2Y 5DH not later than 12:00 noon, Jan.
7, 2004.

CONTACT:  UHY HACKER YOUNG
          St Alphage House,
          2 Fore Street, London EC2Y 5DH
          Phone: 020 7216 4600
          Fax: 020 7638 2159
          Web site: http://www.uhy-uk.com


H & S CONTRACTS: Hires Joint Liquidators from Grant Thornton
------------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

        IN THE MATTER OF H & S Contracts (Scotland) Limited
                        (In Liquidation)

Pursuant to Rule 4.19(4) of the Insolvency (Scotland) Rules
1986, we, Robert Caven and Matthew P. Henderson, of 1/4 Atholl
Crescent, Edinburgh EH3 6SR, give notice that, on November 26,
2004, we were appointed as Liquidator of Contracts (Scotland)
Limited by a Resolution of a Meeting of the Creditors.  A
Liquidation Committee was not established.

It is not my intention to summon a further Meeting of Creditors
to establish a Liquidation Committee unless requested to do so
by one tenth in value of the Company's Creditors.

Robert Caven, Joint Liquidator

CONTACT:  GRANT THORNTON U.K. LLP
          1/4 Atholl Crescent
          Edinburgh EH3 8LQ
          Phone: 0131 229 9181
          Fax: 0131 229 4560
          Web site: http://www.grant-thornton.co.uk


INLIGHT FABRICATIONS: Director Blamed for Failure Banned 5 Years
----------------------------------------------------------------
The director of a steel fabrication business that failed with
total debts estimated at around GBP279,000 has given an
Undertaking not to hold directorships or take any part in
company management for five years.

The Undertaking by Andrew Paul Leightley, 39, of Lockwood Hill
Road, Greenside, Newcastle upon Tyne, was given in respect of
his conduct as a director of Inlight Fabrications Limited, which
carried out business from premises at Unit 1, Stargate
Industrial Estate, Ryton, Tyne & Wear, NE40 3DG.

Acceptance of the Undertaking on November 16, 2004 prevents
Andrew Paul Leightley 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.  Inlight was placed into voluntary
liquidation on January 20, 2003 with estimated debts of
GBP278,637 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 to be
unfit to be involved in the management of companies in the
future.

The matter of unfit conduct, not disputed by Andrew Paul
Leightley, was that he caused Inlight to operate a policy of
retention of Crown monies throughout Inlight's lifetime,
resulting in debts due to the Inland Revenue in respect of
PAYE/NIC for the tax years 1999/00 to 2002/03 amounting to
GBP244,904, and in respect of VAT of at least GBP23,818 for the
tax year 02/02 to 02/03 making a total of GBP268,722 as claimed
by the Crown Departments 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


INTERNATIONAL SOFTWOOD: Creditors Meeting Set
---------------------------------------------
The creditors of International Softwood Agencies Limited will
meet on Jan. 5, 2005 commencing at 10:30 a.m.  It will be held
at Maclaren House, Skerne Road, Driffield, East Yorkshire YO25
6PN.  Creditors who want to be represented at the meeting may
appoint proxies.  Proxy forms must be submitted together with
written debt claims at Maclaren House, Skerne Road, Driffield,
East Yorkshire YO25 6PN not later than 12:00 noon, Jan. 4, 2005.

CONTACT:  Maclaren House, Skerne Road,
          Driffield, East Yorkshire YO25 6PN


KEYMARK SERVICES: Hires Administrators from Mazars
--------------------------------------------------
Lucinda Ann Field (IP No 9295) and Timothy Colin Hamilton Ball
(IP No 8018) have been appointed administrators for road haulage
contractors Keymark Services (Kent) Limited.  The appointment
was made Dec. 14, 2004.

CONTACT:  MAZARS
          37 Frederick Place,
          Brighton BN1 4EA
          Phone:  01273 206788
          Fax:    01273 820901
          Web site: http://www.mazars.co.uk

          MAZARS
          Clifton Down House
          Beaufort Buildings,
          Clifton Down, Clifton,
          Bristol BS8 4AN
          Phone: 0117 973 4481
          Fax:   0117 974 5203
          Web site: http://www.mazars.co.uk


KILSYTH TRANSPORT: Creditors Appoint Liquidator
-----------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

         IN THE MATTER OF Kilsyth Transport Services Ltd.
                        (In Liquidation)

I, F. J. Gray, write to advise you that I was appointed
Liquidator by the Creditors present at the Meeting of Creditors
held in terms of S138 of the Insolvency Act 1986 on November 23,
2004.  A Liquidation Committee was not formed.

I do not intend to summon another Meeting to establish a
Liquidation Committee unless requested to do so by one-tenth, in
value, of the Company's Creditors.

F. J. Gray, Liquidator
December 15, 2004

CONTACT:  KROLL GLASGOW
          Afton House
          26 West Nile Street
          Glasgow G1 2PF
          Phone: 44 (0) 141 248 1250
          Fax: 44 (0) 141 248 1262
          Web site: http://www.krollworldwide.com


KINEXUS LIMITED: Baker Tilly Liquidators Enter Firm
---------------------------------------------------
At the extraordinary general meeting of the members of Kinexus
Limited on Dec. 17, 2004 held at Baker Tilly, 1st Floor, 46
Clarendon Road, Watford, Hertfordshire WD17 1JJ, the special
resolution to wind up the company was passed.  Mark John Wilson
and Tracey Elizabeth Callaghan of Baker Tilly, 1st Floor, 46
Clarendon Road, Watford, Hertfordshire WD17 1JJ have been
appointed joint liquidators of the company.

CONTACT:  BAKER TILLY
          1st Floor,
          46 Clarendon Road, Watford,
          Hertfordshire WD1 1JJ
          Phone: 01923 816400
          Fax:   01923 253402
          Web site: http://www.bakertilly.co.uk


M.T.B. METAFIN: Creditors Meeting Set January
---------------------------------------------
The creditors of M.T.B. Metafin Limited will meet on Jan. 18,
2005 commencing at 11:00 a.m.  It will be held at KPMG Corporate
Recovery, 2 Cornwall Street, Birmingham B3 2DL.  Creditors who
want to be represented at the meeting may appoint proxies.
Proxy forms must be submitted together with written debt claims
to KPMG Corporate Recovery, 2 Cornwall Street, Birmingham B3 2DL
not later than 12:00 noon, Jan. 17, 2005.

CONTACT:  KPMG LLP
          2 Cornwall Street
          Birmingham B3 2RT
          Phone: (0121) 232 3000
          Fax:   (0121) 232 3500
          Web site: http://www.kpmg.co.uk


SCHORT INDUSTRIES: Administrator from Moore Stephens Moves in
-------------------------------------------------------------
Nigel Price (IP No 8778) has been appointed administrator for
Schort Industries Limited.  The appointment was made Dec. 15,
2004.  The company manufactures noise control and electrical
equipment.

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


SOFATIME LIMITED: Liquidator's Report Out Second Week of January
----------------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

                IN THE MATTER OF Sofatime Limited
                        (In Liquidation)

Notice is hereby given that, pursuant to section 146 of the
Insolvency Act 1986, that the Final Meeting of Creditors of
Sofatime Limited will be held on January 10, 2005, at 10:30 a.m.
within the offices of Scott & Paterson, Bruntsfield House, 6
Bruntsfield Terrace, Edinburgh EH10 4EX, for the purpose of
receiving the Liquidator's report on the conduct of the winding-
up.

K. V. Anderson, Liquidator
December 10, 2004

CONTACT:  SCOTT & PATERSON
          Bruntsfield House
          6 Bruntsfield Terrace
          Edinburgh EH10 4EX
          Phone: 0131 229 2392
          Fax: 0131 228 5587
          E-mail: mail@scottandpaterson.co.uk
          Web site: http://www.scottandpaterson.co.uk


TERTIO TELECOMS: Appoints Liquidator from BDO Stoy Hayward
----------------------------------------------------------
At the extraordinary general meeting of Tertio Telecoms Group
Limited on Dec. 9, 2004 held at Dickson Minto, Royal London
House, 22-25 Finsbury Square, London EC2A 1DX, the subjoined
special resolution to wind up the company was passed.  David
Harry Gilbert and Malcolm Cohen of BDO Stoy Hayward LLP, 8 Baker
Street, London W1U 3LL have been appointed joint liquidators of
the company.

CONTACT:  BDO STOY HAYWARD LLP
          8 Baker Street, London W1U 3LL
          Phone: 020 7486 5888
          Fax: 020 7487 3686
          E-mail: london@bdo.co.uk
          Web site: http://www.bdostoyhayward.co.uk


W G REALISATIONS: Calls in Liquidator from KPMG
-----------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

            IN THE MATTER OF W G Realisations Limited
                         (In Liquidation)

I, Blair Carnegie Nimmo, Chartered Accountant, KPMG, 191 West
George Street, Glasgow G2 2LJ, United Kingdom, hereby give
notice, that on December 15, 2004, I was appointed Liquidator of
Realisations Limited by Resolution of the first Meeting of
Creditors.  No Liquidation Committee was established.

Accordingly, I do not intend to summon a further Meeting for the
purpose of establishing a Liquidation Committee unless one-
tenth, in value, of the Creditors require it in terms of section
142(3) of the Insolvency Act 1986.

B. C. Nimmo, Liquidator
December 15, 2004

CONTACT:  KPMG LLP
          191 West George Street
          Glasgow G2 2LJ
          Phone: (0141) 226 5511
          Fax: (0141) 204 1584
          Web site: http://www.kpmg.co.uk


WHEELOCK (U.K.): Members Pass Winding up Resolutions
----------------------------------------------------
At the extraordinary general meeting of the members of Wheelock
(U.K.) Limited on Dec. 13, 2004 held at 16th Floor, Ocean
Centre, Harbour City, Kowloon, Hong Kong, the special and
ordinary resolutions to wind up the company were passed.  Martin
Freeman of Griffins has been appointed liquidator of the
company.


* FSCS Declares 57 Firms in Default
-----------------------------------
The Financial Services Compensation Scheme (FSCS) is encouraging
consumers to get in touch if they may have lost money as a
result of their dealings with any one of 57 firms recently
declared in default by the Scheme.

Declaring a firm in default opens the way for customers who have
lost money, as a result of dealings with such a firm, to make a
claim for compensation to FSCS.  The limit for investment
compensation is GBP48,000.  Consumers who believe they may have
a claim should contact the Scheme on 020 7892 7300.  The service
is free to consumers.

"It is important that consumers know there is a fund of last
resort if they have a claim against a financial services firm,
and the firm can't pay," says FSCS chief executive, Loretta
Minghella.  "Without FSCS, many consumers would have nowhere to
turn."

The declaration of default is the final part of a process
whereby a regulated firm is deemed by FSCS to be unable to pay
claims for compensation against it.

FSCS is the U.K.'s statutory single compensation scheme covering
investments, deposits, insurance and, with effect from October
31, 2004, mortgage advice and arranging.  It provides a fund of
last resort for consumers who have claims against regulated
firms that are unable to pay them.  The UK's independent
financial watchdog, the Financial Services Authority (FSA),
regulates financial services firms.

A list containing the full address of 57 investment firms is
available at http://www.fscs.org.uk. Consumers can also use the
default database on the Web site to check to see if a firm they
have dealt with previously has already been declared in default.

Protection Extended to General Insurance

From January 14, 2005 advice about general insurance and the
arranging of general insurance policies will also be protected.
From that date these types of activities will be regulated by
the FSA.

FSCS became the single compensation scheme in the financial
services sector on December 1, 2001, when the Financial Services
and Markets Act came into force.  All previous compensation
schemes, including the Investors Compensation Scheme, ceased to
operate at this time.

                      Default Declarations

East England

(a) David M. Aaron (Personal Financial Planners) Limited (in
    liquidation) and David Aaron Partnership, trading as The
    David Aaron Partnership, Milton Keynes MK17 8SD;

(b) Medical Insurance Agency Limited, Stevenage SG1 3EE;

(c) Shaw & Sons (Life & Investment Services) Limited,
    Peterborough PE1 1SS; and

(d) Townsend Rayner Associates Limited, Kettering NN16 0DJ

Midlands

(a) Altman Smith Financial Services Limited, Sheffield S2 4HI;

(b) Ball Holme Financial Services Limited, Markfield LE67 9UW;

(c) Earlforth Limited, Ross-On-Wye HR9 5HD;

(d) George Myatt & Company Limited, Stafford ST16 2JG;

(e) Ian Fray & Co Insurance Broker, Hinckley LE10 1DD;

(f) Roy Hawcock, South Yorkshire, S71 2AD;

(g) Satchville Securities Limited, Thorpe Satchville LE14 2DQ;
    and

(h) Trevor White trading as Trevor White & Company, Hinckley
    LE10, 1DD

North West

(a) D A McKenna (Insurance Services), Bolton BL2 6JA;

(b) Grosvenor Finance North West Limited, trading as Grosvenor
    Associates, Bolton BL1 6AB;

(c) King Street Financial Services Limited, Commercial
    Buildings, Manchester M2 1WE;

(d) Norman & Joscelyn Cockayne, Belper DE56 1FN; and

(e) Thomas-Ridgard Insurance Services Limited, Oldham OL2 8EG

Northern Ireland

European Insurance Brokers Limited (in Liquidation),
Newtownabbey BT36 8EX

Scotland

(a) Aberdeen Insurance Consultants Limited, Aberdeen AB1 1UR;

(b) Buchanan Realisations Limited, trading as Hutchison & Craft
    (Life & Pensions) Limited, Glasgow G1 3LB;

(c) Financial Advice Centre (Helensburgh) Limited, Helensburgh
    G84 8AN;

(d) F M Mackinnon & Company Limited, Paisley PA1 3PE; and

(e) Solicitors Estate Agency (Hamilton) Limited, Hamilton ML3
    6EE

South East (including London)

(a) Archie Crozier, Oxford OX7 2AP;

(b) C Belfrey Limited, St Albans AL1 3US;

(c) Conquest Financial & Insurance Services Limited, London SW7
    4SS;

(d) County Insurance Brokers, Isle of Wight PO30 1TY;

(e) East Asiatic Insurance Services (U.K.) Limited, Sevenoaks
    TN14 6ER;

(f) Eric Gary Fyles trading as Brighthelmstone Associates,
    Brighton BN1 1AD;

(g) Franklin & Russell (Insurance Consultants) 1966 Limited,
    Edgware HA8 8FD;

(h) Handf Limited, London SE1 4QR;

(i) Hanover Park Financial Services Limited, London SE19 3AF;

(j) Hanson Goulding & Company (Life and Pensions) Limited, Oxon
    RG9 2BD;

(k) Hunter & Owen Independent Financial Advisers Limited,
    Reading RG6 2HZ;

(l) Keywest Life & Pensions Ltd. (In Liquidation), Northwood
    Hills HA6 1NW;

(m) L G Financial Services Limited (now T43 Limited), London NW1
    8EH;

(n) Lothbury Insurance Services Limited, London W1R 9PN;

(o) Merrow Insurance Services Limited, East Molesey KT8 0DX;

(p) Northdowns Insurance Mortgage and Pension Consultants
    Limited, East Grinstead RH19 3AW;

(q) Phoenix Court Limited, Reading RG6 4UT;

(r) Robert Byles, also known as Bob Byles Financial Services,
    Basingstoke RG21 1TB;

(s) Sage Financial Consultants Limited, Fleet GU13 9AA;

(t) S B Financial Services Limited, Ilford IG1 1TZ;

(u) Sheldwich Insurance Agencies Limited, London E1 6HQ;

(v) Simmons Financial Services Limited, London W8 7EP;

(w) Simmons Lowe & Company Limited, Ilford IG1 4PZ;

(x) The Financial Planning Consortium Limited, Ramsgate CT11
    9JF; and

(y) Tower Financial Consultants Limited, Sutton SM1 4LA

South West

(a) George Budd, Bristol BS19 5DW;

(b) I F S Associates Limited, Warminister BA12 9AY;

(c) Liddiatt Insurance Brokers Limited, Bristol BS8 1NX;

(d) Package and Leisure Limited, trading as Mortgage &
    Investment Centre, Swindon SN2 1AB; and

(e) Parker Wilde Limited, Bournemouth BH9 2AT

Yorkshire and Humberside

(a) Colin M Harris Limited, Shipley BD17 6DN;

(b) John G Daniels Limited, Mirfield WF14 8AH;

(c) L F Morgan Limited, Leeds LS20 8BH; and

(d) Yates Investment & Pension Services Limited, Ilkley LS29 9JD

CONTACT:  FINANCIAL SERVICES COMPENSATION SCHEME
          7th Floor Lloyds Chambers
          1 Portsoken Street
          London E1 8BN
          E-mail enquiries@fscs.org.uk
          Web site: http://www.fscs.org.uk

          Phone: +44 (0) 20 7892 7300
          Fax: + 44 (0) 20 7892 7301
          Web site: http://www.fscs.org.uk

          Suzette Browne
          Phone: 020 7892 7372
          E-mail: Suzette.Browne@fscs.org.uk

          Heather Tilston
          Phone: 020 7892 7370
          E-mail: H.Tilston@fscs.org.uk


                            *********


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, Julybien Atadero and Erica Fernando, Editors.

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

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