TCREUR_Public/050408.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

              Friday, April 8, 2005, Vol. 6, No. 69

                            Headlines

C Z E C H   R E P U B L I C

CENTA: Creditors Form Committee


D E N M A R K

LEGO COMPANY: Pre-tax Result Down to DKK1,237 Million


F R A N C E

JEANJEAN: Full-year Profit Drops Nearly 80%
POIRAY FRANCE: Two Bidders Table Identical Offers


G E R M A N Y

AAP IMPLANTATE: Reports EUR1.2 million Full-year EBIT
ADVANTEC KUNSTSTOFFTECHNIK: Creditors' Claims Due May
A.FM.G AKADEMIE: Rostock Court Appoints Interim Administrator
AHT BAU: Gives Creditors Until Next Week to File Claims
BAUBURO MESCHEDER: Applies for Bankruptcy Proceedings

BOTTNER & WIEGAND: Falls into Bankruptcy
DAIMLERCHRYSLER AG: Schrempp Gets 'Eaten' at Annual Meeting
DUCHOW LUFTUNGSTECHNIK: Rostock Court Confirms Bankruptcy
FRESENIUS MEDICAL: U.S. Unit Faces Criminal Investigation
HUTTENBRINK KG: Under Bankruptcy Administration

LEHNHOFF UND PARTNER: Calls First Creditors Meeting
UNITRADE GMBH: Sets Creditors Meeting April 20
WINTER PIPELINE: Interim Administrator Takes over Operation


H U N G A R Y

MALEV HUNGARIAN: 14 Investors Seek APV Audience


I R E L A N D

IRISH PRODUCTIVITY: Decides to Abandon Business


I T A L Y

ALITALIA SPA: E.U. to Approve Turnaround Plan, Says Report
ALITALIA SPA: Nears Deal with Deutsche Bank Over Capital Hike
FIAT SPA: Now Operating Maserati Company
FIAT SPA: Inks EUR350 Mln Deal to Make Light Commercial Vehicles
IMPREGILO SPA: Finalizes EUR120 Million Bridge Loan


R U S S I A

DON-AGRO-SERVICE: Undergoes Bankruptcy Supervision Procedure
GALAXY: Deadline for Proofs of Claim May 12
KRASNOKAMENSKOYE: Declared Insolvent
MYAS-PROM UST-ILIMSKIY: Under Bankruptcy Supervision
NOVOZYBKOVSKIY: Assets up for Auction

OREL-ECTRO-TRANS: Sets Public Auction Next Week
PINEZHSKIY WOOD-PROM-KHOZ: Declared Insolvent
PRIPOLYARNAYA: Creditors Have Until Next Week to File Claims
SIB-ECO-PLAST: Omsk Court Names V. Vinogradov Insolvency Manager
WORLD OF TYRES: Bankruptcy Proceedings Begin


S P A I N

IZAR: Labor Union Warns Lack of Work Could Derail Privatization


U K R A I N E

BRIGANTINA: Sets Deadline for Filing Claims
DOMIMION DESIGN: Creditors' Claims Due Next Week
LUGANSK' EAST: Court Appoints Liquidator
MAYAK: Bankruptcy Supervision Starts
PREMIERBANK: National Bank Orders Liquidation

REKORD: Court Freezes Debt Payments
SMAK: Insolvency Manager Takes over Operations
TRIUMF: Kyiv Court Opens Bankruptcy Proceedings
UKRAINE DNIPRO: Insolvency Manager Steps in
UKRPROMEXPORT: Under Bankruptcy Supervision
VAPNYARSKIJ BREAD: Declared Insolvent


U N I T E D   K I N G D O M

ABBCOTT PROPERTIES: Hires Liquidator from Butcher Woods
ACCESS TO PUBS: Names Liquidator from Vantis Business Recovery
ACTIVE AGENT: Members Pass Winding-up Resolution
ANDERSON CLARKE: Winds up After DTI Probe
ANTHONY KNIGHT: Names Liquidator from Alexander Lawson & Co.

BARTZ LIMITED: Liquidator to Present Report Later this Month
BLUE 52: Members Pass Extraordinary Winding-up Resolution
CAST SERVICES: Members Decide to Wind up Firm
COSTAIN GROUP: Wins AMP4 Contract from Southern Water
CRONITE GROUP: Members General Meeting Set Next Month

CTI CAM: Creditors Meeting Set Later this Month
DZM & ASSOCIATED: Hires Administrator from UHY Hacker Young
EASTERN METERING: Hires Ernst & Young as Liquidator
EIDOS PLC: SCi Bid Wins Support of Two Major Investors
EUROTUNNEL PLC: Seeks Waiver to Start Debt Negotiation

EXECUTIVE AUTO: Winding-up Report Out Later this Month
FRESHMOORE DEVELOPMENTS: Final Meeting Set Later this Month
GRAHAM PRECISION: In Administrative Receivership
GRUPPO LAVORI: Names Menzies Corporate Administrator
HANNIG LIMITED: Creditors Meeting Set Next Week

INDEPENDENT INSURANCE: Former Auditors to Face GBP300 Mln Suit
INVENSYS PLC: Chief Prepares to Step Down
KEITH HARRIS: Hires Deloitte & Touche as Liquidator
LIFE ONLINE: Appoints Liquidators from Ernst & Young
LOGICALFORM LIMITED: Appoints Ernst & Young Liquidator

LUCID ENTERTAINMENT: Shuts Down European Subsidiary
MADFORSPORT LIMITED: Liquidators from Robson Rhodes Move in
MG ROVER: In Receivership After SAIC Talks Fell Through
MG ROVER: Company Profile
OLIVER & GRANT: Calls in Liquidator from Robson Laidler

ORION FOOTWEAR: General Meeting Set May
PARTNERSHIPS FOR CHURCH: Names PricewaterhouseCoopers Liquidator
SHORHAM HOLDINGS: Final General Meeting Set Next Month
TDFE LIMITED: Names Kroll Limited Administrator
TECHNOLOGY VENTURES: Liquidator Takes over Helm

UK COAL: Shares Up After Takeover Approach
WHEELOCK (U.K.): Final Members Meeting Set First Week of May
WILSON, SMITHETT: Set Creditors Meeting Later This Month
WM C HUTCHISON: Appoints Henry Paton Liquidator


                            *********


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


CENTA: Creditors Form Committee
-------------------------------
Creditors of real estate group Centa have set up a committee to
represent them in the bankruptcy proceedings, Czech News Agency
says.

Bankruptcy assets administrator Pavel Cvancara says the committee
will release the final list of creditors as well as their total
claims within two months.

Centa opted to file for bankruptcy after months of being hobbled
by various financial problems, which started in June 2004.  Owner
Stanislav Kindl blamed his associates for Centa's demise.
Considered the country's second largest real estate group, Centa
sold 20 apartments and eight house-and-lots in 2003.  It leases
around 80 apartments a month.

CONTACT:  CENTA
          Ruzova 17
          Praha 1
          Phone: +420 2 96356111
          Fax: +420 2 96356112
          Mobile: +420 606 729676
          Web site: http://www.rkcenta.cz


=============
D E N M A R K
=============


LEGO COMPANY: Pre-tax Result Down to DKK1,237 Million
-----------------------------------------------------
The year 2004 saw substantial improvement in the Lego Company's
result before special items and financial income and expenses,
increased market share, and marked improvement in cash flows
despite decline in turnover.

Highlights

(a) Toy sales totaled DKK6,704 million in 2004 compared with
    DKK7,196 million in 2003 (-7%);

(b) Total turnover (including LEGOLAND parks) were DKK7,934
    million in 2004 compared with DKK8,428 million in 2003 (-
    6%);

(c) Result before special items, financial income and expenses,
    and tax improved from -DKK1,061 million in 2003 to DKK103
    million in 2004;

(d) Impairment of fixed assets and restructuring costs totaled
    DKK1,225 million;

(e) The pre-tax result excluding discontinuing activities for
    the year was DKK1,237 million compared with DKK1,498 million
    in 2003;

(f) The result for the year of continuing and discontinuing
    activities was -DKK1,931 million compared with -DKK935
    million in 2003;

(g) Total assets were reduced from DKK10,049 million in 2003 to
    DKK8,089 million in 2004 (-20%).  Of this sum, DKK2,432
    million relates to discontinuing activities; and

(h) The Group's cash flows were improved by DKK753 million in
    2004, from DKK215 million to DKK538 million.

Structure of the Group

Ownership of the Group changed during the year between its
subsidiary companies.  LEGO Holding A/S is now the parent of both
the Danish and the Swiss parts of the Group.

In 2004 it was also decided to dispose of activities, which are
not regarded as part of the LEGO Group's core business.  These
were the LEGOLAND parks and a significant equity holding in
KOMPAN A/S.  These activities are regarded as discontinuing, and
their results are not included in the following.

Turnover

The Group's toy sales fell by 7% in 2004 from DKK7,196m to
DKK6,704m.  Just under half of this decline was attributable to
exchange-rate movements, in particular the weaker U.S. dollar.
The rest of the decline stemmed from the retail trade reducing
its inventories; retail sales of LEGO products were largely
unchanged. As the toy market overall diminished in 2004, the fact
that sales of LEGO products to the consumer were unchanged means
that the LEGO Group managed to increase its share of the market
slightly.

Result

The Group's result before special items, financial income and
expenses, and tax improved substantially in 2004. The result for
the year was DKK103 million compared with DKK1,061 million in
2003.  The primary reason is that by reducing many of its
activities and generally improving its efficiency the Group
succeeded in cutting its costs by DKK1,523 million (20%) below
2003 levels.  In addition, there were net gains of DKK133 million
from the sale of assets.

The pre tax result was DKK1,237 million compared with DKK1,498
million in 2003.

This result should be seen in the light of restructuring costs of
DKK502 million and asset impairments of DKK723 million.

The non-recurring impairments of assets were made because the
Group expects to utilize the assets less in the future.  This is
due partly to a 30% drop in Group sales since 2002 and partly to
productivity improvements achieved in recent years.

Balance Sheet

In 2004 the LEGO Group reduced its total assets from DKK10,049
million at the beginning of the year to a current level of
DKK8,089 million.  The decline is due mainly to a reduction in
the LEGO Group's fixed assets (impairments of DKK1,251 million)
combined with the disposal of fixed assets and a generally lower
level of investment.

Cash flows

Despite the year's negative result, the Group's cash flows
improved by DKK753 million in 2004, from DKK215 million to DKK538
million.  The improvement came mostly from reducing working
capital (for example, inventories and receivables), fewer
investments and sale off assets.

Discontinuing Activities

In order to be able to concentrate on its core business, the LEGO
Group has decided -- wholly or partly -- to find a new owner for
the LEGOLAND Parks.  Activities relating to LEGOLAND Parks are
therefore regarded as discontinuing.  The result after tax on the
parks is DKK508 million, comprising a positive result of DKK20
million and an impairment of DKK528 million in asset values.

The activities of KOMPAN A/S, which are also regarded as
discontinuing, resulted in a net result of DKK50 million, mainly
from divestment of shares.

As mentioned above, the results of discontinuing activities are
not included in the pre-tax result of DKK1,237 million.

The Market

The toy industry had difficult market conditions to contend with
in 2004.  A tighter consumer economy combined with a growing
interest in consumer electronics such as MP3 players and mobile
telephones meant that most countries were experiencing a
stagnating or falling market.  Globally, sales of traditional
toys fell 2% during the year.

The market is also affected by increased competition at the
retail level.  Medium size toy retail chains are finding it more
difficult to compete with very large chains.  At the same time
major supermarket chains are accounting for a rising proportion
of toy sales, often on discount terms.  As a result, there has
been sustained pressure on prices and a further diminishing of
profit margins.

2005

The Group's Action Plan launched in 2004 will also have a
significant effect on 2005.  In general terms, the plan will
produce a leaner but financially stronger and more focused and
fast Group, ready to deal with a low growth industry and product
sector.

In the future, the Group's main thrust will be in the field of
classic construction toys, which represent its core business.
The LEGO Group's target for 2005 is to maintain an unchanged
level of turnover in DKK terms and to be able to report a profit
before special items and tax in the region of DKK200 million.

Comments

CEO Jorgen Vig Knudstorp says of the result: "It is a positive
development that we managed to improve our result before special,
non recurring items by more than DKK1 billion -- and in global
terms halted what had been a decline in our market.

"In 2004 we could tell the world: we're back in the game! During
the year we cut our costs by more than DKK1.5 billion, and we
made substantial asset reductions.  At the same time we increased
our competitiveness by working closer with our customers and
focusing more sharply on our core products.  In view of
prevailing market conditions, our fiscal result and stronger
competitive position are a good step in the right direction.  At
the same time, we have laid the foundations for 2005 and for our
aim of restoring a satisfactory level of profitability for the
company in 2006."

About the new year, Mr. Knudstorp says: "As we move into 2005, we
are well placed to improve our share of the global market.  We
have helped retailers raise their profit on LEGO products through
better service, higher margins, lower inventories, and more
competitive pricing.  At the same time, we are introducing a
range, which is very definitely based on the core of the LEGO
idea, and we are recording healthy sales of this revitalized core
range -- for example, our DUPLO products.  We are thus well
placed to achieve our 2005 objective of a profit in the region of
DKK200 million before special items and tax."

CONTACT:  LEGO COMPANY
          Charlotte Simonsen
          Head of Corporate Communications
          LEGO Group
          Phone: +45 70 50 65 79


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


JEANJEAN: Full-year Profit Drops Nearly 80%
-------------------------------------------
JeanJean's net attributable profits dropped 79.7% last year,
according to just-drinks.com.

Operating profit also slipped 42.2% to EUR3.7 million, as
turnover fell 1.7% to EUR156.4 million.  The company attributes
its EUR520,000 result to problems in the U.S. market and
decreasing table wine volumes.  The company also reported
troubles at its viticulture services operations.  Although it
recovered in the second half, the unit registered a net loss of
EUR1.52 million.  The company vows to bounce back this year.

CONTACT:  JEANJEAN
          PO Box1
          34725 Saint-Felix de Lodez
          France
          Phone: +33 4 67 88 80 00
          Fax: +33 4 67 96 65 67
          Web site: http://www.jeanjean.fr


POIRAY FRANCE: Two Bidders Table Identical Offers
-------------------------------------------------
The Commercial Court of Paris has received two offers for
troubled jewelry group Poiray France and Poiray Jhoailler, Les
Echos says.

Poiray, which has been under court-supervised administration
since June 2004, has attracted jewelry-maker FM Industries (FMI)
and local businessman Alain Dumenil.  Both bidders offered to
acquire the Poiray brand for EUR1.5 million and its outstanding
shares and current accounts for a symbolic price of EUR1.  Both
bidders also offered to retain Poiray's 30 employees.

Mr. Dumenil plans to immediately invest EUR5 million in the
company and another EUR4 million later.  He also plans to focus
on Poiray's current position on the mid-range product market.
FMI, on the other hand, only intends to bring in EUR4 million and
plans to add cheaper products into Poiray's range.  Employees
reject FMI's bid, which they claim will tarnish the image of the
Poiray brand.  The court will announce the winning bidder on
April 18.

CONTACT:  POIRAY FRANCE S.A.
          4, rue de La Paix
          FR-75002 Paris
          Phone: +33 1 42 97 99 00
          Fax: +33 1 42 97 99 00
          Web site: http://www.poiray.com

          INDUSTRIES FM
          176, rue Frontenac
          Granby, (Qc) J2G 7R4
          Phone: (450) 378 - 0148
          Toll free: 1 - 800 - 363 - 8322
          Fax: (450) 378 - 9748
          Web site: http://www.industriesfm.com


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


AAP IMPLANTATE: Reports EUR1.2 million Full-year EBIT
-----------------------------------------------------
Aap Implantate AG achieved in the financial year 2004 sales
growth of 5.2% to EUR11.5 million (previous year: EUR11.0
million) despite its financial and operative restructuring.

The financial year 2004 of aap.mebio was significantly affected
by the implementation of restructuring measures (a EUR9.7 million
capital increase, liabilities decreased by EUR13.9 million, value
adjustments totaling EUR4.9 million).

Disregarding the extraordinary restructuring-related result of
EUR2.5 million, the Group's EBITDA in the financial year 2004 was
EUR1.2 million (previous year: -EUR 273,000).  EBIT at
-EUR316,000 was well above the previous year's -EUR4.6 million.

Group's result for the year improved to -EUR140,000 (previous
year: -EUR15.4 million).  With a balance sheet total of EUR20.4
million (previous year: EUR26.7 million) the equity ratio
increased to 76% (previous year: 25%).

The complete consolidated annual financial statement of aap
Implantate AG is available at http://www.aap.de.

Aap Implantate is a medical technology company operating in the
fields of implants for healing bone fractures and joint
replacements, bone cement and cementing techniques as well as
bone replacement substances and antibiotical carriers.

CONTACT:  AAP IMPLANTATE AG
          Oliver Bielenstein, Director/CFO
          Lorenzweg 5
          Phone: +49 (0)30 - 750 19 - 140
          12099 Berlin
          Fax: +49 (0)30 - 750 19 - 290

          Nanette Hudepohl, Investor & Public Relations
          Phone: +49 (0)30 - 750 19 - 133
          Fax: +49 (0)30 - 750 19 - 290


ADVANTEC KUNSTSTOFFTECHNIK: Creditors' Claims Due May
-----------------------------------------------------
The district court of Bonn opened bankruptcy proceedings against
Advantec Kunststofftechnik GmbH on March 17.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until May 10, 2005 to register their
claims with court-appointed provisional administrator Ludger
Westrick.

Creditors and other interested parties are encouraged to attend
the meeting on June 10, 2005, 9:10 a.m. at the district court of
Bonn, Insolvenzgericht, Wilhelmstrasse 21, 53111 Bonn, 2. Stock,
Saal S 2.22, 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:  ADVANTEC KUNSTSTOFFTECHNIK GMBH
          Schwarzer Weg 42, 53227 Bonn
          Contact:
          Dirk Wolwer, Manager
          Weidenstrasse 38, 53545 Linz am Rhein

          Ludger Westrick, Administrator
          Hensstr. 12/14, 53173 Bonn
          Phone: 9347-0-12 oder-24
          Fax: 934799


A.FM.G AKADEMIE: Rostock Court Appoints Interim Administrator
-------------------------------------------------------------
The district court of Rostock opened bankruptcy proceedings
against A.FM.G Akademie fur Facility Management im
Gesundheitswesen GmbH on March 2.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors had until April 7, 2005 to register their claims with
court-appointed provisional administrator Bjorn Junge.

Creditors and other interested parties are encouraged to attend
the meeting on May 18, 2005, 9:30 a.m. at the district court of
Rostock, Zochstrasse, 18057 Rostock, Saal 330at 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:  A.FM.G AKADEMIE FUR FACILITY MANAGEMENT IM
          GESUNDHEITSWESEN GMBH
          Contact:
          Martin Koller, Manager
          Am Wiesengrund 1, 18276 Muhl-Rosin

          Bjorn Junge, Administrator
          Graf-Schack-Str. 14, 18055 Rostock


AHT BAU: Gives Creditors Until Next Week to File Claims
-------------------------------------------------------
The district court of Rostock opened bankruptcy proceedings
against AHT Bau GmbH on March 2.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until April 11, 2005 to register their claims with
court-appointed provisional administrator Armin Becker.

Creditors and other interested parties are encouraged to attend
the meeting on June 1, 2005, 11:00 a.m. at the district court of
Rostock, Zochstrasse, 18057 Rostock, Saal 330 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:  AHT BAU GMBH
          Sigrid Bretting
          Heideweg 43, 18273 Gustrow

          Armin Becker, Administrator
          Lange Strasse 1 a, 18055 Rostock


BAUBURO MESCHEDER: Applies for Bankruptcy Proceedings
-----------------------------------------------------
The district court of Hannover opened bankruptcy proceedings
against Bauburo Mescheder GmbH on March 10.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until May 4, 2005 to register their
claims with court-appointed provisional administrator Karina
Schwarz.

Creditors and other interested parties are encouraged to attend
the meeting on June 1, 2005, 2:05 p.m. at the district court of
Hannover, Saal 226, Dienstgebaude Hamburger Allee 26, 30161
Hannover, 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:  BAUBURO MESCHEDER GMBH
          Johannes-Schrader-Ring 19, 30938 Burgwedel
          Contact:
          Andreas Mescheder, Manager

          Karina Schwarz, Administrator
          Adenauerallee 6, 30175 Hannover
          Phone: 0511/35399160
          Fax: 0511/35399166


BOTTNER & WIEGAND: Falls into Bankruptcy
----------------------------------------
The district court of Erfurt opened bankruptcy proceedings
against Bottner & Wiegand GmbH on March 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until April 27, 2005 to register their
claims with court-appointed provisional administrator Atty.
Comes.

Creditors and other interested parties are encouraged to attend
the meeting on May 11, 2005, 1:15 p.m. at the district court of
Erfurt, Justizzentrum, Rudolfstr. 46, 99092 Erfurt, Saal 6, 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:  BOTTNER & WIEGAND GMBH
          Contact:
          Burkhard Bottner, Manager
          Lindenweg 3, 99198 Erfurt

          Lawyer Comes, Administrator
          Goethestr. 61, 99092 Erfurt


DAIMLERCHRYSLER AG: Schrempp Gets 'Eaten' at Annual Meeting
-----------------------------------------------------------
DaimlerChrysler Chief Executive Juergen Schrempp and top managers
came under heavy fire from disgruntled shareholders Wednesday,
reports Reuters.

At the company's annual meeting, investors blasted Mr. Schrempp's
poor performance and grumbled about the problems hounding the
world's fifth-biggest carmaker.  In particular, they sought
explanation for last week's biggest-ever car recall and news of
hefty charges to restructure the loss-making Smart minicar brand.

"Shareholders' patience is exhausted," Klaus Kaldemorgen, of
German fund manager DWS, declared at the annual meeting.  He
scoffed at Mr. Schrempp's self-proclaimed ability to master
difficult situations, adding management has put the flagship
Mercedes brand at risk by allowing quality to lag badly.

"Playing down results seems to have become part of the corporate
culture," he said to loud applause, according to Reuters.

Most shareholders openly doubted that the new short- and
medium-term profit targets of Mr. Schrempp will materialize.

"The problems at Mercedes and Smart suggest serious management
mistakes," Thomas Maier at Union Investment, which manages
DaimlerChrysler shares worth EUR500 million (US$644 million),
told Reuters in an interview.

He blasted the company's losing effort behind German blue chips
and competing carmakers in recent years and the ill-fated
investment in Japan's troubled Mitsubishi Motors Corp.

Despite the complaints, management and the supervisory board
managed to get about 95 percent of the votes to approve its 2004
report.

CONTACT:  DAIMLERCHRYSLER AG
          70546 Stuttgart, Germany
          Phone: +49 711 17 0
          Fax: +49 711 17 22244
          Web site: http://www.daimlerchrysler.com


DUCHOW LUFTUNGSTECHNIK: Rostock Court Confirms Bankruptcy
---------------------------------------------------------
The district court of Rostock opened bankruptcy proceedings
against Duchow Luftungstechnik und Anlagenbau GmbH on March 3.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until April 15, 2005
to register their claims with court-appointed provisional
administrator Dirk Decker.

Creditors and other interested parties are encouraged to attend
the meeting on May 5, 2005, 10:10 a.m. at the district court of
Rostock, Zochstrasse, 18057 Rostock, Saal 330 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:  DUCHOW LUFTUNGSTECHNIK UND ANLAGENBAU GMBH
          Contact:
          Herbert Duchow, Manager
          Am Waldrand 16 a, 18209 Bad Doberan

          Dirk Decker, Administrator
          August-Bebel-Strasse 4, 18055 Rostock


FRESENIUS MEDICAL: U.S. Unit Faces Criminal Investigation
---------------------------------------------------------
The wholly owned subsidiary of Fresenius Medical Care AG,
Fresenius Medical Care Holdings Inc., received on April 1, 2005 a
subpoena from the U.S. Department of Justice, Eastern District of
Missouri in St. Louis.  The subpoena requires production of a
broad range of documents relating to the Company's operations,
including documents related to, among other things, clinical
quality programs, business development activities, medical
director compensation and physician relations, joint ventures and
our anemia management program.  The subpoena covers the period
from December 1, 1996 through the present.

The subpoena was issued in connection with a joint civil and
criminal investigation of allegations against the Company.  The
Company intends to cooperate with the government's investigation.
To the knowledge of the Company, the government has not initiated
legal proceedings against the Company at this time, and it is not
possible to predict whether proceedings might be initiated or
when the investigation may be concluded.

Counsel for the Company had an initial conversation with the
United States Attorney's Office, Eastern District of Missouri, on
Tuesday April 5, 2005 to begin discussions related to this
investigation.  The Company intends to meet with representatives
of the government to review the government's priorities and the
production of responsive documents.

Ben Lipps, Chief Executive Officer of Fresenius Medical Care,
commented: "We understand and respect that the government has the
right and responsibility to investigate allegations or concerns.
We have commented many times before on our pride in our global
team's commitment to quality and compliance.  In light of our
system of internal controls and the procedures we follow under
our corporate compliance program and the Corporate Integrity
Agreement, I am confident of our position on these issues and
other regulatory compliance matters.  We look forward to
reviewing these extensive compliance processes which we have
adopted."

Fresenius AG (Frankfurt Stock Exchange: FME, FME3) (NYSE: FMS,
FMS-p), holds a majority interest in Fresenius Medical Care's
ordinary capital.

CONTACT:  FRESENIUS MEDICAL CARE AG
          Else-Kroner-Strasse1
          61352 Bad Homburg Deutschland
          Phone: +49 (0) 6172- 609 2525
          Fax: +49 (0) 6172- 609 2301
          E-mail: ir-fms@fmc-ag.com
          Web site: http://www.fmc-ag.de


HUTTENBRINK KG: Under Bankruptcy Administration
-----------------------------------------------
The district court of Arnsberg opened bankruptcy proceedings
against Huttenbrink KG on March 17.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until May 5, 2005 to register their claims with
court-appointed provisional administrator Dr. Wolfgang Kohler.

Creditors and other interested parties are encouraged to attend
the meeting on June 3, 2005, 11:15 a.m. at the district court of
Arnsberg, Eichholzstrasse 4, 59821 Arnsberg, EG, 328, 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:  HUTTENBRINK KG
          Alteraugenstrasse 1, 59457 Werl
          Contact:
          Norbert Huttenbrink

          Dr. Wolfgang Kohler, Administrator
          Marktstrasse 22, 59555 Lippstadt
          Phone: 02941-979850


LEHNHOFF UND PARTNER: Calls First Creditors Meeting
---------------------------------------------------
The district court of Chemnitz opened bankruptcy proceedings
against Lehnhoff und Partner Planungsgesellschaft mbH on March
11.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until
April 13, 2005 to register their claims with court-appointed
provisional administrator Dr. Dirk Herzig.

Creditors and other interested parties are encouraged to attend
the meeting on May 25, 2005, 11:00 a.m. at the district court of
Chemnitz, Saal 28, im Gerichtsgebaude, Furstenstrasse 21,
Chemnitz, 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:  LEHNHOFF UND PARTNER PLANUNGSGESELLSCHAFT MBH
          Contact:
          Jochen Lehnhoff, Manager
          Gustav-Wolf-Strasse 2, 09217 Burgstadt

          Dr. Dirk Herzig, Administrator
          Promenadenstr. 3, 09111 Chemnitz
          Web site: http://www.schubra.de


UNITRADE GMBH: Sets Creditors Meeting April 20
----------------------------------------------
The district court of Wiesbaden opened bankruptcy proceedings
against Unitrade GmbH on March 4.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors had until March 30, 2005 to register their claims with
court-appointed provisional administrator Ulrich Maschmann.

Creditors and other interested parties are encouraged to attend
the meeting on April 20, 2005, 8:15 a.m. at E 36 a, 3. OG,
Gebaude E, Moritzstrasse 5, Hinterhaus, 65185 Wiesbaden 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:  UNITRADE GMBH
          Winkeler Strasse 100, 65366 Geisenheim
          Contact:
          Pinhas Meyer Ohayon, Manager
          Winkeler Strasse 100, 65366 Geisenheim

          Ulrich Maschmann, Administrator
          Martha-von-Opel-Weg 9, 65307 Bad Schwalbach
          Phone: 06124/70670
          Fax: 06124/2341


WINTER PIPELINE: Interim Administrator Takes over Operation
-----------------------------------------------------------
The district court of Rostock opened bankruptcy proceedings
against Winter Pipeline GmbH on March 10.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until April 14, 2005 to register their
claims with court-appointed provisional administrator Gerhard
Brinkmann.

Creditors and other interested parties are encouraged to attend
the meeting on May 25, 2005, 9:00 a.m. at the district court of
Rostock, Zochstrasse, 18057 Rostock, Saal 330 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:  WINTER PIPELINE GMBH
          Contact:
          Lothar Winter, Manager
          Erich-Schlesinger-Strasse 50, 18059 Rostock

          Gerhard Brinkmann, Administrator
          Freiligrathstrasse 1, 18055 Rostock


=============
H U N G A R Y
=============


MALEV HUNGARIAN: 14 Investors Seek APV Audience
-----------------------------------------------
Malev Hungarian Airlines has attracted 14 investors after two
failed privatization attempts, says privatization agency APV
Wednesday.

State privatization agency APV had recently declared the latest
bidding for the government's 99.9% stake in Malev a failure after
bidders failed to meet its expectations.  APV now intends to
pursue the sale through direct negotiations and gave potential
buyers until Wednesday to formally declare their interest.

The failed privatization attempt is the second in less than six
months and the fourth since Hungary rejected communism in 1990.
Bidders reportedly offered only HUF150-200 million for the stake
and refused to shoulder the bulk of the carrier's HUF35 billion
debt.

Peter Honig, Malev's newly appointed chairman who prefers the
cancellation of the sale, plans to implement a two-year
reorganization before the next tender.

CONTACT:  MALEV HUNGARIAN AIRLINES
          Hotline: 06-40-212121
          Web site: http://www.malev.hu

          ALLAMI PRIVATIZACIOS ES VAGYONKEZELO RT. (APV RT.)
          Web site: http://www.apvrt.hu/english/m3.html
          H-1133 Budapest, Pozsonyi ut 56
          H-1399 Budapest, P.O. Box 708
          Phone:(36 1) 237 4400
          Fax:(36 1) 237 4100
          E-mail: apvrt@apvrt.hu


=============
I R E L A N D
=============


IRISH PRODUCTIVITY: Decides to Abandon Business
-----------------------------------------------
The Irish Productivity Centre has decided to stop offering
services due to unsustainable losses, according to the
Businessworld.

The company's board decided to shut down the business as early as
November, but the actual closure will only happen a few weeks
from now.  The company's woes started after Exchequer withdrew
its funding in 1998.  Seven years later the establishment still
had trouble stabilizing its account: turnover fell to EUR1.76
million in 2003 from EUR1.95 million, while overall deficit rose
to EUR93,166 from EUR59,633.

Irish Productivity Centre offers dispute resolution and
consultancy services on inclusive change, performance management
and benchmarking.

CONTACT:  THE IRISH PRODUCTIVITY CENTRE
          Ground Floor Block 4B-5,
          Blanchardstown Corporate Park,
          Blanchardstown, Dublin 15.
          Phone: 01 - 822 6125


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


ALITALIA SPA: E.U. to Approve Turnaround Plan, Says Report
----------------------------------------------------------
The European Commission will approve the restructuring plan of
troubled national carrier Alitalia, Reuters cites a report from a
consultant of the regulator.

The report claims Alitalia restructuring plan contains no traces
of illegal government support, thus in line with European Union
state aid rules.  The regulator is currently reviewing the plan
for traces of illegal state aid.  A spokesman for Transport
Commissioner Jacques Barrot said they are waiting for the Italian
government to submit more documents pertinent to Alitalia's
EUR1.2 billion capital increase, which includes letters of
guarantees from banks.  A group of banks, led by Deutsche Bank,
has offered to back the capital hike.

Meanwhile, rivals Ryanair and British Airways have joined the
flock of carriers opposing Alitalia's restructuring plan.  The
carriers claim the Alitalia's complex capital increase amounts to
massive "state injection" of taxpayers' money.  The carriers
claimed the plan violates the "one time, last time" rule, which
allows Union members to rescue their carriers only once, and
therefore should be blocked.

Alitalia expects the European Commission to approve its
restructuring plan next month, paving the way for a massive job
cut and split of the carrier's flight and ground divisions.

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


ALITALIA SPA: Nears Deal with Deutsche Bank Over Capital Hike
-------------------------------------------------------------
A group of banks, led by Deutsche Bank, is reportedly close to
backing Alitalia's EUR1.2 billion capital increase, Reuters cites
sources familiar with the deal.

Alitalia needs around EUR1.2 billion to finance its massive
restructuring plan, which also entails splitting its flight and
ground units.  The European Commission is currently reviewing the
plan to find traces of illegal state aid.

"Deutsche Bank is working on setting up a consortium, but some
steps have yet to be taken to define the deal," the source said
Wednesday.  The source added, "That could take a few more days."

An Alitalia spokesman, however, denied earlier reports that
Deutsche Bank will lead a group of banks that would buy "untaken"
shares in the capital increase.  The spokesman said, "We are not
aware of the letter being signed."

Alitalia's shares have been going up and down recently as
investors expect the EC to approve the carrier's restructuring
plan.

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

          DEUTSCHE BANK AG
          Taunusanlage 12
          60262 Frankfurt am Main
          Phone: +49-69-910-00
          Fax: +49-69-910-38591
          Web site: http://www.deutsche-bank.de


FIAT SPA: Now Operating Maserati Company
----------------------------------------
The new Maserati company becomes operational under the ownership
of Fiat S.p.A. on April 1.

Sergio Marchionne is Chairman and Karl-Heinz Kalbfell, who
maintains the responsibility of Brand & Commercial Alfa Romeo, is
Chief Executive Officer.

As announced on February 16, the ownership of Maserati, currently
wholly owned by Ferrari, will be transferred as soon as
practicable to Fiat.  The move foresees that Alfa Romeo and
Maserati will co-operate closely technically and commercially --
particularly in important international projects.  Maserati will,
however, continue its co-operation with Ferrari - especially in
industrial, technical, engine and sales network terms.

CONTACT:  FIAT SPA
          via Nizza, 250 - 10126 Torino
          Phone: +39 011 00 63088
          Fax: +39 011 00 63798
          E-mail: mediarelations@fiatgroup.com
          Web site: http://www.fiatgroup.com


FIAT SPA: Inks EUR350 Mln Deal to Make Light Commercial Vehicles
----------------------------------------------------------------
Sergio Marchionne, CEO of Fiat S.p.A., Jean-Martin Folz, CEO of
PSA Peugeot CitroEn, Mustafa V. Koc, Chairman of Koc Holding and
Tofas, and Diego Avesani, CEO of Tofas, signed a cooperation
agreement on March 31 to jointly develop and produce small
entry-level light commercial vehicles for the European market.

Scheduled for rollout in 2008, the new vehicles will extend the
current Fiat, Peugeot and Citroen product ranges.

In response to anticipated changes in the entry level segment of
the European light commercial vehicle market, PSA Peugeot
Citroen, Fiat and Tofas are introducing an innovative small
vehicle concept to extend their current commercial vehicle
lineups.

The three partners' objective is to design a compact, economical,
multi-purpose commercial vehicle that will be modern, sturdy and
attractive.

Powered by especially fuel-efficient engines, it will enable the
partners to proactively meet the expected growth in the
entry-level segment with a range of particularly affordable
vehicles. The new models will deliver effective environmental and
mobility solutions for business use in metropolitan areas, as
well as excellent highway performance.

With the active support of PSA Peugeot Citroen and Fiat, Tofas
will be in charge of coordinating the development and production
of the future models based on a new platform.  The vehicles will
be produced at Tofas' plant in Bursa, Turkey.  The annual
production capacity will be of 135,000 units, of which two-thirds
for PSA Peugeot Citroen and one-third for Fiat including Tofas.

Total investment, including research and development and
production start-up costs, is estimated at roughly EUR350
million.

                            *   *   *

Moody's Investors Service has placed Fiat S.p.A.'s Senior Implied
Rating and long-term senior unsecured rating at Ba3.

CONTACT:  FIAT S.P.A.
          via Nizza, 250 - 10126 Torino
          Phone: +39 011 00 63088
          Fax: +39 011 00 63798
          E-mail: mediarelations@fiatgroup.com
          Web site: http://www.fiatgroup.com


IMPREGILO SPA: Finalizes EUR120 Million Bridge Loan
---------------------------------------------------
Impregilo S.p.A. said that arrangements were finalized on March
23 for a EUR120 million bridge loan to cover the company's
short-term requirement.

The borrowing consists of two transactions: EUR90 million are to
be provided, in equal parts, by Banca Di Roma S.p.A., Unicredit
Banca D'impresa S.p.A., Sanpaolo IMI S.p.A. and Banca Intesa
S.p.A. (the latter acting as the Agent Bank); the residual EUR30
million will be paid by Gemina S.p.A. under the same conditions
as the bank financing, although the Gemina borrowing will be
repaid after the bank loan has been settled.

Impregilo plans to use the proceeds raised by its forthcoming
rights issue to finance repayment of both the bank borrowing and
the Gemina loan.

CONTACT:  IMPREGILO S.p.A.
          Viale Italia 1,
          Sesto S. Giovanni
          20099 Milan
          Phone: +39-02-244-22111
          Fax: +39-02-244-22293
          Web site: http://www.impregilo.it


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


DON-AGRO-SERVICE: Undergoes Bankruptcy Supervision Procedure
------------------------------------------------------------
The Arbitration Court of Tula region has commenced bankruptcy
supervision procedure on open joint stock company
Don-Agro-Service.  The case was docketed as A68-110/B-04.  Ms. V.
Polyakova has been appointed temporary insolvency manager.
Creditors have until April 12, 2005 to submit their proofs of
claim to 300002, Russia, Tula, Post User Box 225.

CONTACT:  DON-AGRO-SERVICE
          301770, Russia, Tula region,
          Donskoy, Nikolskaya Str. 2

          Ms. V. Polyakova
          Temporary Insolvency Manager
          300002, Russia, Tula region,
          Post User Box 225
          Phone: (0872) 40-21-20


GALAXY: Deadline for Proofs of Claim May 12
-------------------------------------------
The Arbitration Court of Moscow region commenced bankruptcy
proceedings against Galaxy after finding the close joint stock
company insolvent.  The case is docketed as A41-K2-8810/04.  Mr.
A. Nikolskiy has been appointed insolvency manager.  Creditors
have until May 12, 2005 to submit their proofs of claim to
107996, Russia, Moscow, Sadovo-Spasskaya Str. 13, Building 2,
Office 300.

CONTACT:  GALAXY
          Russia, Moscow region,
          Taldom, Sovetskay Str. 21A

          Mr. A. Nikolskiy
          Insolvency Manager
          107996, Russia, Moscow region,
          Sadovo-Spasskaya Str. 13, Building 2, Office 300


KRASNOKAMENSKOYE: Declared Insolvent
------------------------------------
The Arbitration Court of Krasnoyarsk region commenced bankruptcy
proceedings against Krasnokamenskoye after finding the mine group
insolvent.  The case is docketed as A33-11258/04-S4.  Mr. E.
Kazyurin has been appointed insolvency manager.  Creditors have
until May 12, 2005 to submit their proofs of claim to 660049,
Russia, Krasnoyarsk-49, Post User Box 245.

CONTACT:  KRASNOKAMENSKOYE
          662955, Russia, Krasnoyarsk region,
          Kuraginskiy region, Krasnokamensk

          Mr. E. Kazyurin
          Insolvency Manager
          660049, Russia, Krasnoyarsk-49,
          Post User Box 245


MYAS-PROM UST-ILIMSKIY: Under Bankruptcy Supervision
----------------------------------------------------
The Arbitration Court of Irkutsk region has commenced bankruptcy
supervision procedure on close joint stock company Myas-Prom
Ust-Ilimskiy.  The case is docketed as A19-32107/04-29.  Mr. I.
Kolotilin has been appointed temporary insolvency manager.

Creditors have until May 5, 2005 to submit their proofs of claim
to 664046, Russia, Irkutsk, Kievskaya Str. 4710.  A hearing will
take place on May 26, 2005, 10:30 a.m.

CONTACT:  MYAS-PROM UST-ILIMSKIY
          665779, Russia, Irkutsk region,
          Ust-Ilimsk, Prom.zone

          Mr. I. Kolotilin
          Temporary Insolvency Manager
          664046, Russia, Irkutsk region,
          Kievskaya Str. 4710
          Phone/Fax: 24-03-22


NOVOZYBKOVSKIY: Assets up for Auction
-------------------------------------
The bidding organizer of open joint stock company Novozybkovskiy
Machine Tool Plant will sell its property on April 12, 2005,
10:00 a.m.  The public auction will take place at 241017, Russia,
Bryansk, Staleliteynaya Str. 20.

The assets for sale are:

Lot 1: Unfinished construction.  Starting price: RUB8,100,000;

Lot 2: Ready products.  Starting price: RUB9,000,000.

The list of documentary requirements is available at 241017,
Russia, Bryansk, Staleliteynaya Str. 20.  To participate, bidders
must deposit an amount equivalent to 20% of the starting price to
the settlement account 40702810508000104540 at Bryanskiy OSB
#8605, Bryansk, BIC 041501601, correspondent account
30101810400000000601.

CONTACT:  NOVOZYBKOVSKIY
          243020, Russia, Bryansk region,
          Novozybkov, Lenina Str. 61
          Phone: (0832) 57-77-81

          LLC CENTRE OF BUSINESS SUPPORT
          Bidding Organizer
          241017, Russia, Bryansk region,
          Staleliteynaya Str. 20


OREL-ECTRO-TRANS: Sets Public Auction Next Week
-----------------------------------------------
The federal state unitary enterprise Vysokogorskiy Mechanical
Plant will sell its property worth RUB45,054,250 on April 14,
2005, 3:00 p.m. (local time).  The public auction will take place
at 302010, Russia, Orel, Aviatsionnaya Str. 5.

Preliminary examination and reception of bids are done from 9:00
a.m. to 5:00 p.m. today.  The list of documentary requirements is
available at 302010, Russia, Orel, Aviatsionnaya Str. 5.

To participate, bidders must deposit an amount equivalent to 20%
of the starting price to the settlement account
40702810200090000605 at OJSC BANK MENATEP SPB, Orel,
correspondent account 30101810600000000770, BIC 045402770 today.

CONTACT:  OREL-ECTRO-TRANS
          302005, Russia, Orel region,
          Karachaevskaya Str. 144.

          The address for correspondence
          302010, Russia, Orel, Aviatsionnaya Str. 5


PINEZHSKIY WOOD-PROM-KHOZ: Declared Insolvent
---------------------------------------------
The Arbitration Court of Arkhangelsk region commenced bankruptcy
proceedings against Pinezhskiy Wood-Prom-Khoz after finding the
timber industry insolvent.  The case is docketed as
A05-12509/03-6.  Mr. V. Grishko has been appointed insolvency
manager.  Creditors have until May 12, 2005 to submit their
proofs of claim to 163000, Russia, Arkhangelsk, R. Lyuksemburg,
7, Apartment 48.

CONTACT:  PINEZHSKIY WOOD-PROM-KHOZ
          164610, Russia, Arkhangelsk region, Pinezhskiy region,
          Pinega, Pervomayskaya Str. 38.

          Mr. V. Grishko
          Insolvency Manager
          163000, Russia, Arkhangelsk region,
          R. Lyuksemburg, 7, Apartment 48


PRIPOLYARNAYA: Creditors Have Until Next Week to File Claims
------------------------------------------------------------
The Arbitration Court of Khanty-Mansiyskiy autonomous region
commenced bankruptcy proceedings against Pripolyarnaya after
finding the food company insolvent.  The case is docketed as
A75-2299/2005.  Ms. G. Klimkovich has been appointed insolvency
manager.  Creditors have until April 12, 2005 to submit their
proofs of claim to 628400, Russia, Tyumen region, Surgut, Mira
Str. 23/1, Apartment 77.

CONTACT:  Ms. G. Klimkovich
          Insolvency Manager
          628400, Russia, Tyumen region, Surgut,
          Mira Str. 23/1, Apartment 77


SIB-ECO-PLAST: Omsk Court Names V. Vinogradov Insolvency Manager
----------------------------------------------------------------
The Arbitration Court of Omsk region commenced bankruptcy
proceedings against Sib-Eco-Plast (TIN 5503054996) after finding
the close joint stock company insolvent.  The case is docketed as
K/E-62/04.  Mr. V. Vinogradov has been appointed insolvency
manager.  Creditors have until May 12, 2005 to submit their
proofs of claim to 644065, Russia, Omsk region, 50 Let
Profsoyuzov Str. 61.

CONTACT:  SIB-ECO-PLAST
          644010, Russia, Omsk region,
          Pushkina Str. 63A

          Mr. V. Vinogradov
          Insolvency Manager
          644065, Russia, Omsk region,
          50 Let Profsoyuzov Str. 61


WORLD OF TYRES: Bankruptcy Proceedings Begin
--------------------------------------------
The Arbitration Court of Omsk region commenced bankruptcy
proceedings against World Of Tyres after finding the close joint
stock company insolvent.  The case is docketed as K/E-155/04.
Mr. S. Sibichenko has been appointed insolvency manager.
Creditors have until April 12, 2005 to submit their proofs of
claim to 644041, Russia, Omsk, Post User Box 7448.

CONTACT:  WORLD OF TYRES
          644043, Russia, Omsk region,
          Krasnoflotskaya Str. 27

          Mr. S. Sibichenko
          Insolvency Manager
          644041, Russia, Omsk region,
          Post User Box 7448


=========
S P A I N
=========


IZAR: Labor Union Warns Lack of Work Could Derail Privatization
---------------------------------------------------------------
Labor union UGT-MCA on Friday called on the government to help
secure contracts for Izar, warning a sale of its yards could be
hindered by lack of workload.

Izar, which went into liquidation last week, is selling four
yards this year according to an agreement reached with shipyard
unions in December.  The facilities will be opened up to private
capital en bloc, though the state will keep a major stake.

"The frankly scarce workload secured prior to the liquidation
could prove an obstacle to the entry of new investors and, as
such, put in danger the future of the civilian yards," UGT said
in a statement.

It wants Navantia, the new state-owned defense shipbuilding
company that took over six public yards, to enter into new
contracts on behalf of Izar.  Izar's liquidation prevents it from
closing new contracts until after the sale.

Enrique Martinez Robles, chairman of the state industrial holding
company SEPI, dismissed the concern.  He is confident of closing
sales by the end of the year.  According to him, the workload
problem was a short-term issue.  He said there are already
several companies and financial entities that showed interest in
the yards' long-term potential, ahead of the formal opening of
the privatization process.

Izar's Gijon yard has a contract to build a hospital ship for the
Spanish administration that could last until March 2006.  Its
Seville yard, however, has only until the end of the year to work
on a sluice.

The Basque yard in Sestao fared better.  It has several years'
guaranteed work relating to an order from Norway's Knutsen OAS
for a large LNG carrier.

CONTACT:  IZAR CONSTRUCCIONES NAVALES a.s.
          Velazquez Street 132
          28006 Madrid, Spain
          Phone: +34 91 335 84 00
          Fax: +34 91 335 86 52
          E-mail: izar@izar.es
          Web site: http://www.izar.es

          SOCIEDAD ESTATAL DE PARTICIPACIONES INDUSTRIALES
          Velasquez, 134
          28006 Madrid, Spain
          Phone: +34-91-396-10-00
          Fax: +34-91-562-87-89
          Web site: http://www.sepionline.com


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


BRIGANTINA: Sets Deadline for Filing Claims
-------------------------------------------
The Economic Court of Herson region commenced bankruptcy
supervision procedure on OJSC Brigantina (code EDRPOU 14310833)
on March 1, 2005. The case is docketed as 5/46-B-05.  Ms. Ulyana
Siromyatnikova (License Number AA 719768) has been appointed
temporary insolvency manager.

Creditors have until April 16, 2005 to submit their proofs of
claim to:

(a) BRIGANTINA
    75700, Ukraine, Herson region,
    Skadovsk, Pasichnika Str. 152

(b) Ms. Ulyana Siromyatnikova
    Temporary Insolvency Manager
    75700, Ukraine, Herson region,
    Skadovsk, Radyanska Str. 32-9
    Phone: 8 (0237) 5-51-55

(c) ECONOMIC COURT OF HERSON REGION
    73000, Ukraine, Herson region,
    Gorkij Str. 18


DOMIMION DESIGN: Creditors' Claims Due Next Week
------------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Domimion Design (code EDRPOU 31985960) on
March 1, 2005 after finding the limited liability company
insolvent.  The case is docketed as 43/156.  Ms. Lunkova Svitlana
has been appointed liquidator/insolvency manager.  The company
holds account number 260013011875 at JSB National Investments,
Kyiv region branch, MFO 300498.

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

(a) DOMIMION DESIGN
    03127, Ukraine, Kyiv region,
    40-Richya Zhovtnya Avenue, 120, Body 1

(b) Ms. Lunkova Svitlana
    Liquidator/insolvency manager
    Ukraine, Kyiv region, Melnikov Str. 2/10

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


LUGANSK' EAST: Court Appoints Liquidator
----------------------------------------
The Economic Court of Lugansk region commenced bankruptcy
proceedings against Lugansk' Plant East (code EDRPOU 02969047 The
company holds account number 260003000209 at JSC Ukrsocbank,
Lugansk branch, MFO 304364) after finding the company insolvent.
The case is docketed as 11/18 b.  Mr. Vadim Ostrovskij (License
Number AA 250229) has been appointed liquidator/insolvency
manager.

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

(a) LUGANSK' PLANT EAST
    91020, Ukraine, Lugansk region, Rudneva Str. 123

(b) Mr. Vadim Ostrovskij
    Liquidator/insolvency manager
    91016, Ukraine, Lugansk region,
    Geroiv VVV Square, 2/32

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


MAYAK: Bankruptcy Supervision Starts
------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
supervision procedure on Agricultural LLC Mayak (code EDRPOU
31476098) on February 21, 2005.  The case is docketed as
B-31/12-05.  Mr. Volodimir Matsokin (License Number AB 116297)
has been appointed temporary insolvency manager.  The company
holds account number 26000301760573 at Prominvestbank, Izum
branch, MFO 351492.

Creditors have until April 16, 2005 to submit their proofs of
claim to:

(a) MAYAK
    Ukraine, Harkiv region,
    Izum district, Oleksandrivka, Peremogi Str. 3

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


PREMIERBANK: National Bank Orders Liquidation
---------------------------------------------
The Central Bank of Ukraine has closed Premierbank, ending months
of concerted effort by shareholders to save it, Europe
Intelligence Wire reports.

"The National Bank of Ukraine informs that under the No. 71
resolution dated March 10, 2005, the NBU board cancelled
joint-stock commercial bank Premierbank's banking license and
initiated [the] liquidation procedure. . ." the NBU said at a
telegram.

The closure came despite help from shareholders and other
companies.  Late in April 2004, Kyiv-based insurance firm Narodna
said joint investments are being made to save the bank.  More
than two months after, stockholders decided on an issue of
UAH99.9997 million common registered stocks to increase statutory
capital by 3.2 times to UAH145 million.  It then appointed
Narodna Re Director General Oleksandr Dovbyschuk as President.

Premierbank said last year it was due to receive UAH28 million
from NBU by August 1, 2006.

In January, NBU ranked the bank top 90 in terms of the size of
overall assets among 160 working bank.

CONTACT:  PREMIERBANK
          18, Mechnikov St.,
          Dnepropetrovsk, 49000, Ukraine
          Web site: http://www.premierbank.com.ua


REKORD: Court Freezes Debt Payments
-----------------------------------
The Economic Court of Donetsk region commenced bankruptcy
supervision procedure on LLC Rekord (code EDRPOU 31649217).
February 7, 2005 and ordered a moratorium on satisfaction of
creditors' claims.  The case is docketed as 27/13 B.  Mr. Dmitro
Zajtsev (License Number AA 783034) has been appointed temporary
insolvency manager.  The company holds account number
26004375248001 at CB Privatbank, Kramatorsk branch, MFO 335548.

Creditors have until April 16, 2005 to submit their proofs of
claim to:

(a) REKORD
    Ukraine, Donetsk region,
    Kramatorsk, Dvirtseva Str. 32-2

(b) Mr. Dmitro Zajtsev
    Temporary Insolvency Manager
    Ukraine, Donetsk region,
    Kujbishev Str. 169-B/37

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


SMAK: Insolvency Manager Takes over Operations
----------------------------------------------
The Economic Court of Donetsk region commenced bankruptcy
proceedings against Smak (code EDRPOU 19377285) on March 2, 2005
after finding the subsidiary of Pivnichnij Donbas insolvent.  The
case is docketed as 42/87 B.  Mr. Nadiya Druk (License Number AB
116054) has been appointed liquidator/insolvency manager.

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

(a) SMAK
    Ukraine, Donetsk region,
    Kramatorsk, Lenin Str. 58

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


TRIUMF: Kyiv Court Opens Bankruptcy Proceedings
-----------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Triumf (code EDRPOU 30965786) on February 15,
2005 after finding the limited liability company insolvent.  The
case is docketed as 24/46-b.  Mr. Yurij Tukman (License Number AB
116285) has been appointed liquidator/insolvency manager.  The
company holds account number 26004001972 at JSPPB Aval, Kyiv
region central branch, MFO 322904.

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

(a) TRIUMF
    01034, Ukraine, Kyiv region,
    Prorizna Str. 6-a

(b) Mr. Yurij Tukman
    Liquidator/insolvency manager
    10011, Ukraine, Kyiv region, a/b 209
    Phone: (044) 490-88-79

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


UKRAINE DNIPRO: Insolvency Manager Steps in
-------------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
proceedings against Foreign Investments Enterprise Trade Link
Ukraine Dnipro (code EDRPOU 23942383 The company holds account
number 26002108195001 at CB Privatbank, Dnipropetrovsk branch,
MFO 305299) on February 24, 2005 after finding the limited
liability company insolvent.  The case is docketed as B 24/20/05.
Mr. Volodimir Glyadchenko has been appointed
liquidator/insolvency manager.

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

(a) FOREIGN INVESTMENTS ENTERPRISE TRADE LINK UKRAINE DNIPRO
    49041, Ukraine, Dnipropetrovsk region,
    Pratsi Avenue, 9

(b) Mr. Volodimir Glyadchenko
    Liquidator/insolvency manager
    49000, Ukraine, Dnipropetrovsk region,
    Kirov Avenue, 96/13

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


UKRPROMEXPORT: Under Bankruptcy Supervision
-------------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
supervision procedure on LLC Scientific Production-Commercial
Firm Ukrpromexport (code EDRPOU 24992176) on February 15, 2005.
The case is docketed as B 29/94/04.  Mr. Rostislav Talan (License
Number AA 779211) has been appointed temporary insolvency
manager.  The company holds account number 2600430062801 at JSB
Credit-Dnipro, Dnipropetrovsk branch, MFO 305749.

Creditors have until April 16, 2005 to submit their proofs of
claim to:

(a) UKRPROMEXPORT
    52005, Ukraine, Dnipropetrovsk region,
    Dnipropetrovsk district,
    Yuvilejne, Radgospna Str. 56

(b) Mr. Rostislav Talan
    Temporary Insolvency Manager
    49000, Ukraine, Dnipropetrovsk region, a/b 158
    Phone: (056) 370-74-70

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


VAPNYARSKIJ BREAD: Declared Insolvent
-------------------------------------
The Economic Court of Vinnitsya region commenced bankruptcy
proceedings against Vapnyarskij Bread Products Combine (code
EDRPOU 03730414) on March 3, 2005 after finding the open joint
stock company insolvent.  The case is docketed as 10/142-04.  Mr.
Ruslan Gorbatyuk (License Number AA 783200) has been appointed
liquidator/insolvency manager.  The company holds account number
260066389 at JSPPB Aval, MFO 302247.

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

(a) VAPNYARSKIJ BREAD PRODUCTS COMBINE
    24240, Ukraine, Vinnitsya region,
    Tomashpilskij district,
    Vapnyarka, Gagarin Str. 6

(b) Mr. Ruslan Gorbatyuk
    Liquidator/insolvency manager
    Ukraine, Kyiv region,
    Timoshenko Str. 2/4-134

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


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


ABBCOTT PROPERTIES: Hires Liquidator from Butcher Woods
-------------------------------------------------------
At the extraordinary general meeting of Abbcott Properties
Limited on March 30, 2005 held at 2308 Coventry Road, Birmingham
B26 3JZ, the special and ordinary resolutions to wind up the
company were passed.  Roderick Graham Butcher of Butcher Woods,
79 Caroline Street, Birmingham B3 1UP has been appointed
liquidator of the company.

CONTACT:  BUTCHER WOODS
          79 Caroline Street,
          Birmingham B3 1UP


ACCESS TO PUBS: Names Liquidator from Vantis Business Recovery
--------------------------------------------------------------
At the extraordinary general meeting of Access To Pubs Limited on
March 30, 2005 held at The Spa Hotel, Mount Ephraim, Tunbridge
Wells, Kent TN4 8XJ, the extraordinary and ordinary resolutions
to wind up the company were passed.  Mark Newman of Vantis
Business Recovery, Judd House, East Street, Tonbridge, Kent TN9
1HG has been appointed liquidator of the company.

CONTACT:  VANTIS BUSINESS RECOVERY
          Judd House
          East Street
          Tonbridge
          Kent TN9 1HG
          Phone: 01732 378680
          Fax: 07917260099
          E-mail: mark.newman@vantisplc.com


ACTIVE AGENT: Members Pass Winding-up Resolution
------------------------------------------------
At the extraordinary general meeting of the members of Active
Agent Technologies Limited on March 30, 2005 held at the offices
of Harris Lipman, 2 Mountview Court, 310 Friern Barnet Lane,
Whetstone, London N20 0YZ, the extraordinary resolution to wind
up the company was passed.  Martin J. Atkins of Harris Lipman, 2
Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20
0YZ has been appointed liquidator of the company.

CONTACT:  HARRIS LIPMAN
          2 Mountview Court,
          310 Friern Barnet Lane,
          Whetstone, London N20 0YZ
          Phone: (020) 8446 9000
          Fax:   (020) 8446 9537
          Web site: http://www.harris-lipman.co.uk


ANDERSON CLARKE: Winds up After DTI Probe
-----------------------------------------
A Manchester company, which published "drugs and safety awareness
books" aimed at school children, has been wound up following a
DTI investigation.

Anderson Clarke Publications Ltd. (ACP) called businesses
throughout the U.K. to secure sponsorship.  The company claimed
that in return for donations, they would distribute to a school
nominated by the sponsor, books dealing with issues such as drug
use, bullying and Internet safety.

Sometimes using the trading name "School Safety Campaign" the
company gave the impression that it was primarily engaged in a
charitable or official child safety campaign.  In reality it was
a commercial enterprise selling the books for profit.  Sponsors
were asked to pay more than three times the cost of the books to
ACP, the resulting profits being spent mainly on commissions to
telesales staff and other running costs.

The DTI's Companies Investigation Branch found that over 8,000
sponsors had been contacted and the company had secured
sponsorship payments totaling some GBP1.2 million.  This required
the company to supply more than 182,700 books, but investigators
found that over 100,000 books had not been distributed as
promised and that the company did not have sufficient financial
resources to order the shortfall from its printers.

On first contact with sponsors, the telesales staff often claimed
to have previously spoken to them, and insisted they had agreed
to place an order.  Invoices were sent out when no valid contract
had been concluded, and these were followed by persistent and
aggressive telephone calls claiming payment against the threat of
legal proceedings.

Some businesses were called as many as thirty or forty times and
in one case more than sixty calls were made to a company, in an
effort to secure payment for orders that many "sponsors" claimed
they had not, or could not recall, placing.

Anderson Clarke Publications Limited, incorporated in July 2002,
had its registered office of the company is 7b Railway Road,
Darwen, Lancashire, BB3 2RG and carried on business from Cedar
House, 2 Fairfield Street, Manchester M1 3GF, and had a telesales
office at Gostin Buildings, 32-36 Hanover Street, Liverpool, L1
4LN.

The petition was presented on January 10, 2005 under s124A of the
Insolvency Act 1986 following enquiries under Section 447 of the
Companies Act 1985.  The Official Receiver has been appointed
liquidator of the company and will be responsible for
investigating the circumstances of the company's failure.

CONTACT:  Official Receiver
          Public Interest Unit North
          P.O. Box 326
          1st Floor Boulton House
          17-21 Chorlton Street
          Manchester M60 3ZZ
          E-mail: piu.north@insolvency.gsi.gov.uk

          DEPARTMENT OF TRADE AND INDUSTRY
          7th Floor
          1 Victoria Street
          London SW1H 0ET
          Phone: +44 (0)20 7215 5000
          Text phone +44 (0)20 7215 6740
          Web site: http://www.dti.gov.uk


ANTHONY KNIGHT: Names Liquidator from Alexander Lawson & Co.
------------------------------------------------------------
At the extraordinary general meeting of Anthony Knight Associates
Limited on March 31, 2005 held at 641 Green Lanes, London N8 0RE,
the subjoined extraordinary resolution to wind up the company was
passed.  Ninos Koumettou of Alexander Lawson & Co, 641 Green
Lanes, London N8 0RE has been appointed liquidator of the
company.

CONTACT:  ALEXANDER LAWSON & CO.
          641 Green Lanes
          London N8 0RE
          Phone: 020 8348 0183
          Fax: 020 8340 9115


BARTZ LIMITED: Liquidator to Present Report Later this Month
------------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

                  IN THE MATTER OF Bartz Limited
                        (In Liquidation)

Notice is hereby given, in pursuance of section 94 of the
Insolvency Act 1986, that a Final Meeting of the Members of Bartz
Limited will be held at 12 Carden Place, Aberdeen AB10 1UR on
April 27, 2005 at 11:00 a.m. for the purpose of having an account
laid before the Members showing the manner in which the
winding-up has been conducted and the property of the Company
disposed of, and of hearing an explanation that may be given by
the Liquidator, and also of determining by Extraordinary
Resolution the manner in which the books, accounts and documents
of the Company and of the Liquidator shall be disposed of.

A Member entitled to attend and vote at the above Meeting may
appoint a proxy or proxies to attend and vote instead of him.  A
proxy need not be a Member of the Company.

Michael J. M. Reid CA, Liquidator

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

          Michael James Meston Reid
          E-mail: reidm@mestonreid.com
          Phone: 01224 625554
          Fax: 01224 626089


BLUE 52: Members Pass Extraordinary Winding-up Resolution
---------------------------------------------------------
At the extraordinary meeting of the members of Blue 52 Games
Limited on March 22, 2005 held at the offices of David Rubin &
Partners, Pearl Assurance House, 319 Ballards Lane, London N12
8LY, the extraordinary resolution to wind up the company was
passed.  Henry Lan of David Rubin & Partners, Pearl Assurance
House, 319 Ballards Lane, London N12 8LY has been nominated
liquidator of the company.

CONTACT:  DAVID RUBIN & PARTNERS
          Pearl Assurance House,
          319 Ballards Lane,
          London N12 8LY
          Phone: 020 8343 5900
          Fax: 020 8446 2994
          Web site: http://www.drpartners.com


CAST SERVICES: Members Decide to Wind up Firm
---------------------------------------------
At the extraordinary general meeting of the members of Cast
Services Limited on March 31, 2005 held at 38-42 Newport Street,
Swindon, Wiltshire, the special resolution to wind up the company
was passed.  Paul Michael McConnell of 38-42 Newport Street,
Swindon, Wiltshire has been appointed liquidator of the company.

CONTACT:  MONAHANS
          38-42 Newport Street
          Swindon
          Wiltshire SN1 3DR
          Phone: 01793 521231
          Fax: 01793 512188
          E-mail: paulm@monahans.co.uk


COSTAIN GROUP: Wins AMP4 Contract from Southern Water
-----------------------------------------------------
Costain Group has been awarded a major part of Southern Water's
GBP1.5 billion five-year quality and environmental capital
investment program, in a consortium with United Utilities and
Montgomery Watson Harza (MWH).

The contract, which begins immediately and lasts for five years,
is worth approximately GBP750 million to the consortium, of which
Costain has a 40% share.  The other partners, United Utilities
and MWH have shares of 40% and 20% respectively.

This gives Costain sustainable earnings and margin levels for
five years with the possibility of being renewed to ten and, in
this joint venture gives Costain the opportunity to totally
manage the whole program within the regulatory environment.

With this major contract award, and the recently announced
preferred bidder status on United Utilities' five-year water
framework contract, in joint venture with Galliford Try, Costain
has secured in excess of 20% of the U.K.'s GBP16 billion AMP4
expenditure program over the next five years.

Commenting on the contracts, Stuart Doughty, Chief Executive,
said: "This is an outstanding achievement by Costain, and has
given the Company guaranteed earnings amounting to 50% of its
forward order book for the next five years, renewable to ten.  To
have an earnings stream of this quality and duration is an
extremely strong platform from which to build on existing and new
activity."

                            *   *   *

Costain collapsed under heavy debt in the mid 1990s after
venturing into U.S. mining.  The company has since then moved
into an asset manager for water utilities from being a civil
engineer.

The firm is still trying to recover, with its first dividend in
years expected this year or next.  Its core U.K. business
reported a GBP10.5 million profit last year after plunging into a
EUR5 million loss in 2000.

In September, Fitch Ratings affirmed Costain's ratings at Senior
Unsecured 'B' and Short-term 'B'.  The Outlook is Stable.

CONTACT:  COSTAIN GROUP PLC
          Stuart Doughty, Chief Executive
          Charles McCole, Finance Director
          Graham Read, Public Relations
          Phone: 01628 842 444

          COLLEGE HILL
          Mark Garraway
          Matthew Gregorowski
          Phone: 020 7457 2020


CRONITE GROUP: Members General Meeting Set Next Month
-----------------------------------------------------
The general meeting of the members of The Cronite Group Plc will
be on May 13, 2005 at 10:30 a.m.  It will be held at KPMG,
Arlington Business Park, Theale, Reading RG7 4SD.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged with
KPMG Corporate Recovery, Arlington Business Park, Theale, Reading
RG7 4SD not later than 12:00 noon, May 12, 2005.

CONTACT:  KPMG
          Corporate Recovery, Arlington Business Park,
          Theale, Reading RG7 4SD
          Phone: (0118) 9642000
          Fax:   (0118) 9642222
              Or +44 (0) 118 373 1420
          Web site: http://www.kpmg.co.uk


CTI CAM: Creditors Meeting Set Later this Month
-----------------------------------------------
The creditors of CTI Cam Service Limited will meet on April 26,
2005 at 10:30 a.m.  It will be held at Station House, Midland
Drive, Sutton Coldfield, West Midlands B72 1TU.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Irwin & Company, Station House, Midland Drive,
Sutton Coldfield, West Midlands B72 1TU not later than 12:00
noon, April 25, 2005.

CONTACT:  IRWIN & COMPANY
          Station House
          Midland Drive
          Sutton Coldfield
          Birmingham
          West Midlands B72 1TU
          Phone: 08700 111812
          Fax: 08700 111813
          E-mail: mail@irwinuk.net


DZM & ASSOCIATED: Hires Administrator from UHY Hacker Young
-----------------------------------------------------------
Robert Edward Caunce Cook (IP No 5647) has been appointed
administrator for DZM & Associated Companies Limited.  The
appointment was made March 23, 2005.  The company is into general
construction and civil engineering.

CONTACT:  UHY HACKER YOUNG
          St James Buildings
          79 Oxford Street
          Manchester
          Greater Manchester M1 6HT
          Phone: 0161 236 6936
          Fax: 0161 228 0117
          E-mail: e.cook@uhy-uk.com


EASTERN METERING: Hires Ernst & Young as Liquidator
---------------------------------------------------
At the extraordinary general meeting of Eastern Metering Services
Limited on March 1, 2005 held at 1 More London Place, London SE1
2AF, the special resolution to wind up the company was passed.
Elizabeth Anne Bingham, Michael David Rollings and Alan Robert
Bloom of Ernst & Young LLP, 1 More London Place, London SE1 2AF
have been appointed joint liquidators of the company.

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


EIDOS PLC: SCi Bid Wins Support of Two Major Investors
------------------------------------------------------
SCi Entertainment Group plc received on Tuesday irrevocable
undertakings to accept the Offer from RAB Capital plc on behalf
of Eidos shareholders holding 4,325,000 Eidos shares,
representing approximately 3.05% of the issued share capital of
Eidos, and Artemis Investment Management Ltd. on behalf of Eidos
shareholders holding 9,126,049 Eidos shares, representing
approximately 6.43% of the issued share capital of Eidos.

The irrevocable undertakings will continue to be binding even if
a higher offer is made for Eidos and will cease to be binding
only if the Offer lapses or is withdrawn.

Accordingly, in aggregate SCi has now received irrevocable
undertakings to accept the Offer in respect of 56,573,304 Eidos
shares, representing approximately 39.84% of the issued share
capital of Eidos, of which undertakings in respect of 54,246,504
Eidos shares, representing approximately 38.20% of the issued
share capital of Eidos, will continue to be binding even if a
higher offer is made for Eidos.

CONTACT:  EIDOS PLC
          Wimbledon Bridge House
          1 Hartfield Road Wimbledon
          London
          United Kingdom
          SW19 3RU
          Phone: +44 20 8636 3000
          Fax: +44 20 8636 3001
          Web site: http://www.eidos.com

          SCI ENTERTAINMENT GROUP PLC
          14 Ivory House
          Plantation Wharf
          London
          United Kingdom
          SW11 3TN
          Phone: +44 20 7350 5240
          Fax: +44 20 7924 3419
          Web site: http://www.sci.co.uk


EUROTUNNEL PLC: Seeks Waiver to Start Debt Negotiation
------------------------------------------------------
Following the decision taken by the Joint Board on 30 March 2005,
Eurotunnel plc has formally requested from its principal
creditors an exemption to its Credit Agreements in order to begin
the process of debt negotiation.

This exemption requires the approval of a qualified majority of
relevant Eurotunnel creditors.  The company has already obtained
the support of the Committee representing holders of 15% of the
Senior Debt and 69% collectively of the Junior, 4th Tranche and
Tier 1A Debt.

The Committee representing holders of a majority of Eurotunnel's
co-financier debt comprises the European Investment Bank,
Franklin Mutual Advisers LLC, MBIA and Oaktree Capital
Management.

In the event of a favorable reply to its request for a waiver,
Eurotunnel will begin negotiations with the aim of seeking a
capital structure, which ensures the long-term future of the
Group whilst protecting the interests of shareholders.

CONTACT:  EUROTUNNEL PLC
          Cheriton Park
          Cheriton High Street
          Folkestone
          Kent CT19 4QS
          United Kingdom
          Phone: +44-1303-288-750
          Fax: +44-1303-850-360
          Web site: http://www.eurotunnel.co.uk

          Media Inquiries
          Eurotunnel Press Office
          Phone: + 44 (0) 1303 288728
                 + 44 (0) 1303 288737

          Investor Inquiries
          Xavier Clement
          Phone: + 33 1 55 27 36 27


EXECUTIVE AUTO: Winding-up Report Out Later this Month
------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

          IN THE MATTER OF Executive Auto Valet Limited
                         (In Liquidation)

Notice is hereby given in terms of section 106 of the Insolvency
Act 1986, that a Final Meeting of the Members and Creditors of
Executive Auto Valet Limited will be held within the offices of
Wylie & Bisset CA, 168 Bath Street, Glasgow G2 4TP at 10:30 a.m.
on April 25, 2005 for the purpose of receiving an account of the
winding-up from the Liquidator.

M. D. Sheppard Esq. CA, Liquidator
March 22, 2005

CONTACT:  WYLIE & BISSET
          168 Bath Street
          Glasgow G2 4TP
          Phone: +44 (0) 141 566 7000
          Fax: +44 (0) 141 566 7001
          E-mail: info@wyliebisset.com
          Web site: http://www.wyliebisset.com


FRESHMOORE DEVELOPMENTS: Final Meeting Set Later this Month
-----------------------------------------------------------
The final meeting of the members and creditors of Freshmoore
Developments Limited will be on April 27, 2005 at 10:15 a.m. and
10:30 a.m.  It will be held at the offices of R W Keating & Co,
20 Winmarleigh Street, Warrington, Cheshire WA1 1JY.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members and creditors who want to be
represented at the meeting may appoint proxies.  Proxy forms must
be lodged with R W Keating & Co, 20 Winmarleigh Street,
Warrington, Cheshire WA1 1JY not later than 4:00 p.m., April 26,
2005.

CONTACT:  R. W. KEATING & CO.
          2nd Floor
          20 Winmarleigh Street
          Warrington
          Cheshire WA1 1JY
          Phone: 01925 245004
          Fax: 01925 245357
          E-mail: robert@rwkeating.fsnet.co.uk


GRAHAM PRECISION: In Administrative Receivership
------------------------------------------------
Name of companies:
Graham Precision Pumps Limited
Graham Vacuum And Heat Transfer Limited

National Westminster Bank Plc called in Paul Stanley and Vivian
Bairstow (Office Holder Nos ICAEW and IPA) joint administrative
receivers for these companies.  The application was filed March
24, 2005.

Graham Precision Pumps Limited manufactures pumps and compressors
while Graham Vacuum and Heat Transfer Limited is the holding
company and its head office.

CONTACT:  BEGBIES TRAYNOR
          Elliot House
          151 Deansgate
          Manchester M3 3BP
          Phone: 0161 839 0900
          Fax: 0161 839 7436
          E-mail: manchester@begbies-traynor.com
          Web site: http://www.begbies.com


GRUPPO LAVORI: Names Menzies Corporate Administrator
----------------------------------------------------
Paul John Clark and Jason James Godefroy (IP Nos 8570, 9097) have
been appointed administrators for Gruppo Lavori Speciali Limited.
The appointment was made March 22, 2005.

The establishment design and supply architectural texture.  Its
registered office is located at 17-19 Foley Street, London W1W
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


HANNIG LIMITED: Creditors Meeting Set Next Week
-----------------------------------------------
The creditors of Hannig Limited will meet on April 12, 2005 at
11:00 a.m.  It will be held at 32 High Street, Manchester M4 1QD.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Poppleton & Appleby, 32 High Street, Manchester M4
1QD not later than 12:00 noon, April 11, 2005.

CONTACT:  POPPLETON & APPLEBY
          32 High Street
          Manchester
          Greater Manchester M4 1QD
          Phone: 0161 834 7025
          Fax: 0161 833 1548
          E-mail: insol@pandamanchester.co.uk


INDEPENDENT INSURANCE: Former Auditors to Face GBP300 Mln Suit
--------------------------------------------------------------
Liquidators of Independent Insurance are suing former auditors of
the company to claim what is believed up to GBP300 million in
compensation for alleged negligent audit work, reports say.

PwC's Mark Batten and Dan Schwarzmann said they had sent the
documents against KPMG on Tuesday.  The case pertains to KPMG's
audit on Independent Insurance between December 31, 1997 and
December 31, 2000.

PwC said the accountants failed to notice discrepancies in the
insurance's accounts.  It is believed likely to argue that
Independent falsely inflated its figured by failing to reserve
enough to cover potential claims.

KMPG promised to vigorously defend the claim citing it was not
let in fully to Independent Insurance's accounts.  A spokesman
said: "We believe that there is clear evidence that the true
state of Independent Insurance's financial position was withheld
from KPMG as its auditors."

PwC is also suing Watson Wyatt for its actuarial work at
Independent, and Garth Ramsay, who oversaw the final dividend
payment.  Watson Wyatt, which faces tens of millions of pounds in
claims, said that it would fight the claim.

Independent Insurance is under investigation by the Serious Fraud
Office in relation to its collapse in 2001 after distributing a
final dividend worth GBP8.4 million.  Its finance director Dennis
Lomas is under a separate probe by The Institute of Chartered
Accountants' judicial committee.

Independent Insurance was worth GBP1 billion in 2000.  It then
employed 2,000 people in Greater Manchester, Kent and London.

CONTACT:  INDEPENDENT INSURANCE
          Web site: http://www.independent-insurance.com

          PRICEWATERHOUSECOOPERS LLP
          Plumtree Court
          London EC4A 4HT
          Phone: [44] (20) 7583 5000
          Fax:   [44] (20) 7822 4652
          Web site: http://www.pwc.com


INVENSYS PLC: Chief Prepares to Step Down
-----------------------------------------
Invensys Chief Executive Rick Haythornthwaite is preparing to
leave the engineering company this year, says the Financial
Times.

He is expected to announce his decision to step down before or
during the company's preliminary year-end results on May 19.
Chief Operating Officer Ulf Henriksson, who joined the company in
2004, is said to replace him.

Under Mr. Haythornthwaite, Invensys has undergone restructuring,
which involved the sale of bonds and shares, and 17 businesses
for GBP2.8 billion.

Invensys, whose clients include BP Plc and Bayer AG, focuses on
factory, appliance and climate controls and rail signals.

CONTACT:  INVENSYS PLC
          Invensys House, Carlisle Place
          London SW1P 1BX
          Phone: +44-20-7834-3848
          Fax: +44-20-7834-3879
          Web site: http://www.invensys.com

          Steve Devany
          Phone: +44 (0) 20 7821 3758

          Nina Delangle
          Phone: +44 (0) 20 7821 2121

          Emma Burdett
          Phone: +44 (0) 20 7379 5151


KEITH HARRIS: Hires Deloitte & Touche as Liquidator
---------------------------------------------------
Name of companies:
Keith Harris Partnership Limited
Pavilion Asset Management Limited
Pavilion Capital Limited
Seymour Pierce Private Equity Limited

At the general meeting of these companies, the special and
ordinary resolutions to wind up the companies were passed.  J. R.
D. Smith and N. J. Dargan of Athene Place, 66 Shoe Lane, London
EC4A 3WA have been appointed joint liquidators of the companies.

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


LIFE ONLINE: Appoints Liquidators from Ernst & Young
----------------------------------------------------
At the general meeting of Life Online Limited, the special
resolution to wind up the company was passed.  Elizabeth Anne
Bingham and Michael David Rollings of Ernst & Young LLP, 1 More
London Place, London SE1 2AF have been appointed liquidators of
the company.

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


LOGICALFORM LIMITED: Appoints Ernst & Young Liquidator
------------------------------------------------------
At the extraordinary general meeting of Logicalform Limited on
March 18, 2005 held at 1 More London Place, London SE1 2AF, the
special resolution to wind up the company was passed.  Elizabeth
Anne Bingham, Michael David Rollings and Alan Robert Bloom of
Ernst & Young LLP, 1 More London Place, London SE1 2AF have been
appointed joint liquidators of the company.

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


LUCID ENTERTAINMENT: Shuts Down European Subsidiary
---------------------------------------------------
Canadian nightclub operator Lucid Entertainment has closed the
subsidiary that runs its bar in Manchester, England, according to
The Globe and Mail on Wednesday.

The report said the units no longer has liquor license and is in
default of loans.  Lucid Manchester Ltd. is now in talks with
certain Virgin Group companies, guarantors of the lease for its
club in Britain and of its loans.  The Virgin companies hold
Lucid Manchester stocks as collateral.

Lucid Entertainment has clubs in Toronto, London, and Hollywood.
It said that its other subsidiaries are also in default "under
other material contracts."  The company's shares were delisted
from the Toronto Venture Exchange on March 21.  The stocks were
then trading at 25 cents a share.

CONTACT:  Lucid Entertainment Inc.
          100 Allstate Parkway, Suite 600
          Markham, Ontario L3R 6H3
          Canada
          Phone: +1 (905) 470-7117
          Fax: +1 (905) 470-0900

          Investor Relations:
          Tita Gonzalez
          E-mail: tgonzalez@lucidworld.com

          Investment Opportunities:
          Lisa Ruscica
          E-mail: lruscica@lucidworldcom
          Web site: http://www.LucidWorld.com


MADFORSPORT LIMITED: Liquidators from Robson Rhodes Move in
-----------------------------------------------------------
At the extraordinary general meeting of Madforsport Limited on
March 29, 2005 held at 186 City Road, London EC1V 2NU, the
special, ordinary and extraordinary resolutions to wind up the
company were passed.  Simon Peter Bower and Adrian Gerald Paul
Howlett of RSM Robson Rhodes LLP, 186 City Road, London EC1V 2NU
have been appointed joint liquidators of the company.

CONTACT:  RSM ROBSON RHODES LLP
          186 City Road,
          London EC1V 2NU
          Phone: +44 (0) 20 7251 1644
          Fax: +44 (0) 20 7250 0801
          Web site: http://www.robsonrhodes.co.uk


MG ROVER: In Receivership After SAIC Talks Fell Through
-------------------------------------------------------
Britain's last volume carmaker, MG Rover, collapsed Thursday on
failure to forge a deal with potential Chinese partners or avail
a government backed rescue package, reports say.

The firm said in a statement: "We have asked
PricewaterhouseCoopers to accept engagement to advise the board
of directors on the current position of the company."

MG Rover was in talks during the last days with China's Shanghai
Automotive Industry Corp. regarding an investment to refresh its
car models.  But the Chinese appeared nervous about solvency
questions in the firm.

"We have said a deal would not be possible until Phoenix Venture
Holdings (Rover's holding company) were able to secure the
solvency of MG Rover for the period of 2 years and that hasn't
been met," a SAIC spokesman said.

U.K.'s Trade and Industry Secretary Patricia Hewitt, meanwhile,
said the government is not staking a GBP100 loan without the
prospect of a deal with SAIC.

MG Rover was forced to stop production on Thursday as suppliers,
including Wagon Plc, suspended deliveries.

The collapse puts in danger the jobs of up to 6,100 people in the
Midlands, home to key marginal constituencies for Prime Minister
Tony Blair's Labour Party and opposition rivals.  Its effect on
voters' sentiment will clearly be shown in the coming elections
on May 5.

MG Rover dates back to 1905.  Germany's BMW AG owned it in the
1990s, until four years ago when it was rescued by British hands
through a symbolic GBP10 sale.  It had racked up losses of US$6
billion in six years at the time of the sale.  It has since been
looking for a partner to fund new models and reverse declining
sales.

Sales of new Rover cars in March dropped 28.5% year-on-year, The
Telegraph reported citing figures from the Society of Motor
Manufacturers and Traders.  The data show the company only sold
6,608 last month, down from 9,247 in March 2004.

CONTACT:  MG ROVER GROUP LIMITED
          Longbridge, Bickenhill
          Birmingham
          B31 2TB, United Kingdom
          Phone: +44-121-475-2101
          Fax: +44-121-482-2403
          Web site: http://www1.mg-rover.com


MG ROVER: Company Profile
-------------------------
NAME: MG Rover Group Limited

ADDRESS:  Longbridge, Bickenhill
          Birmingham B31 2TB

PHONE: +44-121-475-2101

FAX: +44-121-482-2403

WEB SITE: http://www1.mg-rover.com

TYPE OF BUSINESS: Acquired from BMW in May 2000 by Phoenix
                  Venture Holdings, MG Rover manufactures a
                  modest range of saloons, which include Rover
                  25, 45, and 75, as well as MG ZR, ZS, ZT, and
                  ZT-T wagons.  The firm also makes the popular
                  MG TF Roadster.

EXECUTIVES: Chairman          John Towers
            Chief Executive   Keith Howe

EMPLOYEES: 6,000

NET PROFIT (LOSS): (GBP77) million

THE TROUBLE: After several years of losses and change of
             ownerships, MG Rover was looking forward to a
             GBP100 million loan from the government, which
             should help it secure a vital alliance with China's
             Shanghai Automotive Industry Corporation (SAIC).
             The government, however, refused to give the loan,
             affecting the much-coveted Chinese partnership.
             SAIC then revealed it has no plans to invest in the
             group, as MG Rover's future solvency remains
             unclear.  Following SAIC's announcement, MG Rover
             went into receivership, putting around 6,000 jobs
             at risk.

Major Shareholder:  Phoenix Venture Holdings

AUDITOR:  PricewaterhouseCoopers LLP


OLIVER & GRANT: Calls in Liquidator from Robson Laidler
-------------------------------------------------------
At the extraordinary general meeting of Oliver & Grant Limited on
March 24, 2005 held at 1-5 Tithebarn Street, Liverpool L2, the
special and ordinary resolutions to wind up the company were
passed.  William Paxton of Robson Laidler, Fernwood House,
Fernwood Road, Jesmond, Newcastle upon Tyne NE2 1TJ has been
appointed liquidator of the company.

CONTACT:  ROBSON LAIDLER LLP
          Fernwood House,
          Fernwood Road, Jesmond,
          Newscastle upon Tyne
          Liquidator:
          W Paxton
          Phone: 0191 281 8191
          Fax:   0191 281 6279
          Web site: http://www.robson-laidler.co.uk


ORION FOOTWEAR: General Meeting Set May
---------------------------------------
The general meeting of Orion Footwear Limited will be on May 9,
2005 at 10:30 a.m.  It will be held at Baker Tilly, 2 Whitehall
Quay, Leeds LS1 4HG.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged with
Baker Tilly, 2 Whitehall Quay, Leeds LS1 4HG not later than 12:00
noon, May 6, 2005.

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


PARTNERSHIPS FOR CHURCH: Names PricewaterhouseCoopers Liquidator
----------------------------------------------------------------
At the meeting of Partnerships For Church Of England Schools
Limited on March 24, 2005, the special and ordinary resolutions
to wind up the company were passed.  Jonathan Sisson and Tim
Walsh of PricewaterhouseCoopers, Plumtree Court, London EC4A 4HT
have been appointed joint liquidators of the company.

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Plumtree Court
          London EC4A 4HT
          Phone: [44] (20) 7583 5000
          Fax:   [44] (20) 7822 4652
          Web site: http://www.pwc.com


SHORHAM HOLDINGS: Final General Meeting Set Next Month
------------------------------------------------------
The final general meeting of Shorham Holdings Limited will be on
May 6, 2005 at 10:00 a.m.  It will be held at the offices of
Elwell Watchorn & Saxton LLP, 109 Swan Street, Sileby,
Leicestershire LE12 7NN.

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

CONTACT:  ELWELL WATCHORN & SAXTON
          109 Swan Street,
          Sileby, Leicestershire, LE12 7NN
          Phone: (+44) 01509 815150
          Fax: (+44) 01509 815121
          E-mail: office@ews-insolvency.co.uk
          Web site: http://www.ews-insolvency.co.uk


TDFE LIMITED: Names Kroll Limited Administrator
-----------------------------------------------
Peter Saville and Andrew Pepper (IP Nos 9029, 9050) have been
appointed joint administrators for TDFE Limited.  The appointment
was made March 30, 2005.  The company wholesales paper.

CONTACT:  KROLL LIMITED
          10 Fleet Place
          London EC4M 7RB
          United Kingdom
          Phone: 44 (0) 207 029 5000
          Fax: 44 (0) 207 029 5001
          Web site: http://www.krollworldwide.com


TECHNOLOGY VENTURES: Liquidator Takes over Helm
-----------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

      IN THE MATTER OF Technology Ventures Scotland Limited

Notice is hereby given that on March 8, 2005, I, Stewart
MacDonald, Scott-Moncrieff, 25 Bothwell Street, Glasgow G2 6NL
was appointed liquidator of Technology Ventures Scotland Limited
by the company's members.

Stewart MacDonald, Liquidator
March 8, 2005

CONTACT:  SCOTT-MONCRIEFF
          25 Bothwell Street
          Glasgow G2 6NL
          Phone: 0141 567 4500
          Fax: 0141 567 4535
          E-mail: info@scott-moncrieff.com
          Web site: http://www.scott-moncrieff.com

          Stewart MacDonald
          E-mail: stewart.macdonald@scott-moncrieff.com


UK COAL: Shares Up After Takeover Approach
------------------------------------------
The Board of U.K. Coal Plc has noted the recent rise in the
Company's share price.  Some weeks ago the Board received a
highly preliminary and tentative approach regarding a possible
offer for the Company; this approach was subject to a number of
conditions and pre-conditions.

The Company asked the relevant party for clarification in
relation to a number of aspects of the approach; no such
clarification has been received to date and, indeed, there has
been no substantive response to the Company's request for
clarification.  The Company has received no approach from any
other third party.

Accordingly, shareholders should note that there can be no
certainty that any offer for the Company will be forthcoming.

                            *   *   *

In March, U.K. Coal reported on its preliminary audited results
for the year ended December 31, 2004 operating loss from
continuing operations before exceptional of GBP28.7 million
(2003: Loss GBP1.8 million).  Loss before tax was GBP51.6 million
(2003: Loss GBP1.2 million).

The Board recently appointed with immediate effect Dresdner
Kleinwort Wasserstein Limited as financial adviser and corporate
broker to the Company.  Dresdner Kleinwort Wasserstein Limited is
authorized and regulated in the United Kingdom by the Financial
Services Authority.

CONTACT:  UK COAL PLC
          Harworth Park
          Blyth Road
          Harworth Doncaster
          South Yorkshire
          England
          DN11 8DB
          Phone: +44 1302 751751
          Fax: +44 1302 752420
          Web site: http://www.ukcoal.com

          DRESDNER KLEINWORT WASSERSTEIN
          Christian Littlewood
          Andrew Hollins
          Phone: 020 7623 8000


WHEELOCK (U.K.): Final Members Meeting Set First Week of May
------------------------------------------------------------
The final meeting of Wheelock (U.K.) Limited will be on May 5,
2005 at 11:00 a.m.  It will be held at the offices of Griffins,
Russell Square House, 10-12 Russell Square, London WC1B 5EH.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxy.  Proxy forms must be lodged with
Griffins, Russell Square House, 10-12 Russell Square, London WC1B
5EH not later than 12:00 noon, May 4, 2005.

CONTACT:  GRIFFINS
          Russell Square House
          10-12 Russell Square
          London WC1B 5EH
          Phone: 020 7307 8200
          Fax: 020 7307 8222
          E-mail: martin.freeman@griffins.net


WILSON, SMITHETT: Set Creditors Meeting Later This Month
--------------------------------------------------------
The creditors of Wilson, Smithett & Co. Limited will meet on
April 22, 2005 at 11:00 a.m.  It will be held at 68 Lombard
Street, London EC3V 9LJ.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Begbies Traynor, 32 Cornhill, London EC3V 3LJ not
later than 12:00 noon, April 21, 2005.

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


WM C HUTCHISON: Appoints Henry Paton Liquidator
-----------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

            IN THE MATTER OF WM C Hutchison Limited

Notice is hereby given that on March 23, 2005, I, Henry R. Paton,
Milne Craig & Corson, Abercorn House, 79 Renfrew Road, Paisley
PA3 4DA was appointed liquidator of WM C Hutchison Limited, which
registered office is located at 51 Thornly Park Avenue, Paisley
PA2 7SF.

Henry R. Paton, Liquidator

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

          Henry Raymond Paton
          E-mail: harry.paton@milnecraig.co.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-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Larri-Nil Veloso, Ma. Cristina Canson,
Liv Arcipe, Julybien Atadero and Jay Malaga, Editors.

Copyright 2005.  All rights reserved.  ISSN 1529-2754.

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

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

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


                 * * * End of Transmission * * *