TCREUR_Public/050722.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, July 22, 2005, Vol. 6, No. 144

                            Headlines

C Z E C H   R E P U B L I C

AERO VODOCHODY: Sale Takes Off


G E R M A N Y

ADAMS FENSTER: Aachen Court Calls in Administrator
BOHM MEDIZINTECHNIK: Proofs of Claim Due October
DAFRO GMBH: Court to Verify Claims September
INFINEON TECHNOLOGIES: Investors Seek Clarity in Bribery Scandal
SCHAFFER MOBEL: Falls into Bankruptcy

SCHIEDER MOEBEL: Requests S&P to Withdraw Rating
SVV MULTIVISOR: Fuerth Court Appoints Dr. Goede Administrator
THOMAS COOK: Aldiana's Fate Known in Coming Weeks
THOMAS COOK: Subsidiary on Track to Report Profit
UCR UMWELTCONCEPTE: Under Bankruptcy Administration
VLIETLAND RECYCLING: Creditors' Claims Due Next Month
WAGNER UND PARTNER: Creditors Meeting Set September


H U N G A R Y

MALEV HUNGARIAN: KrasAir Seen to Win Tender


N E T H E R L A N D S

ROYAL NUMICO: Raising Stake in Indonesian Biz to 86.3%
ROYAL SHELL: To Release Second-quarter Results Next Week


R U S S I A

AGRO-PROM-MEKH-MONTAZH: Proofs of Claim Deadline Set Monday
AUTO-COLUMN 1801: Succumbs to Bankruptcy
CHERNOZEMYE: Undergoes Bankruptcy Supervision Procedure
CONCERN ORENBURG-MILL: Under Bankruptcy Supervision
DELTACREDIT BANK: Credit, Deposit Ratings Upgraded to 'B'

KIRSANOVSKIY: Hires Insolvency Manager from Tambov
MAGIC-T: Hires P. Tumbasov Insolvency Manager
OB-POLYMER: Undergoes Bankruptcy Supervision Procedure
RUSSIAN BANK: Planned US$150 Mln Eurobond Rated 'BB+'
TAV-DAL-WOOD-PROM: Bankruptcy Hearing Set Next Month
TEPLOVSKIY DOR-STROY: Creditors Have Until Monday to File Claims
TREST URAL-MASH-STROY: Proofs of Claim Due Next Week


S P A I N

AUNA OPERADORES: Another Bidder Pulls out of Talks


S W I T Z E R L A N D

SWISS INTERNATIONAL: Settles Dispute with SR Technics


T U R K E Y

OYAK BANK: Credit, Deposit Ratings at 'BB-/B'


U K R A I N E

ARTEMIVSK' ELEVATOR: Descends into Insolvency
DIBROVA: Vinnitsya Court Opens Bankruptcy Proceedings
KERCH' COTTON: Under Bankruptcy Supervision
LUGANSK' CITY: Bankruptcy Supervision Starts
SOYUZMETAL: Court Names T. Tananiko Liquidator

STROJDORSERVICE: Gears up for Liquidation
TAJSTRA-POLTAVA-TORG: Insolvency Manager Comes in
UKRPROMSERVICE: Declared Insolvent
YUZHNERUDPROM: Liquidator Takes over Operations
ZNAMYANKA' AGROTEHSERVICE: Court Appoints Insolvency Manager


U N I T E D   K I N G D O M

ACCOMPLISHED AUTOMATION: In Voluntary Liquidation
AEROSPACE INDUSTRY: Business for Sale
ALLIED DOMECQ: Fitch Withdraws Ratings as Takeover Nears
ARTIC RECRUITMENT: Falls into Liquidation
ASTRA AIR: Members Opt for Liquidation

ATA WINDOWS: Members Decide to Liquidate Firm
AUTOTECH SOLUTIONS: Members Pass Winding-up Resolution
BAE SYSTEMS: US$1.5 Billion Notes Rated 'BBB'
BELL DAVIES: Hires Vantis Business Recovery Liquidator
B H L ROLLS: Names BDO Stoy Hayward Administrator

BIBRA INTERNATIONAL: Names Liquidators from Mazars
BIRCHILLS COMMUNITY: In Voluntary Liquidation
BLIND TIGER: Hires Administrators from Mazars
BLUVEN LIMITED: Winding-up Resolutions Passed at EGM
BMS FASHIONS: Calls in Liquidator

BURWOOD AUTOMOTIVE: Members Decide to Liquidate Firm
CANHAM & STANLEY: Debt Claims Deadline Set September
C H GLAZING: To Hold Creditors Meeting September
CLEMENTS RIBEIRO: Fashion Designer to Liquidate
COLLINS & AIKMAN: Satyam Demands Lease Decision

CORUS GROUP: Hires Danieli to Improve Scunthorpe Operations
COURTEZAN LIMITED: Clothing Company Falls into Liquidation
CRAFTS PLUS: Members Decide to Wind-up Firm
D & SMB: Calls in Liquidator from B & C Associates
ETUDE CONSULTING: IT Consultant to Liquidate

EUROFIT FABRICATIONS: Appoints Poppleton & Appleby Liquidator
FALCON SECURITY: In Liquidation
FARDRE HOLDINGS: Liquidators from PKF Move in
FIREBIRD SUITE: In Liquidation
FKI PLC: U.S. Housing Slump Affects Hardware Unit

FLOE TELECOM: Probe on Complaint Against Vodafone to Go Ahead
GROVENOR GREEN: Property Developer Liquidates
HAMLIN DEVELOPMENTS: Members Decide to Wind up Firm
H C LORIE: Textile Wholesaler Calls in Administrator
INDUSTRIAL FINISHERS: Members Pass Winding-up Resolution

INNER CIRCLE: Appoints Liquidator
INTERFOCUS TECHNOLOGY: Calls in Joint Liquidators
INVENTIONS DIRECT: Members Pass Winding-up Resolution
JEMR LIMITED: Hires Liquidators from PKF
KESSITEX (FABRIC PRINTERS): Hires Liquidator from Cooper Parry

KOKO YORK: Creditors to Meet August
KRAM INTERNATIONAL: Members Opt for Liquidation
LANCING NAVAL: Administrator from Numerica Moves in
LASER CARE: Stationery Supplier to Liquidate
MARKEY SITE: Winding-up Report Out Next Month

MISYS PLC: Non-executive Director to Step Down September
M MCGRATH: Appoints Joint Liquidators
NEW INSTALLATION: Administrator from Abbey Taylor Moves in
NORTH WEST: Members Vote on Liquidation
OAKLEY CAR: In Voluntary Winding-up

OCEANSIGN LIMITED: Names Tenon Liquidator
OFFICE LOGISTICS: Liquidation Decided at EGM
PARKWAY (DIDSBURY): Calls in Liquidator from David Platt
PD PORTS: To Focus on Sale of Non-core Assets this Year
PENGE4U LIMITED: Winding-up Resolutions Passed at EGM

PF (WALES): Administrators from BDO Stoy Hayward Move in
PONTARDAWE FOUNDRY: Appoints BDO Stoy Hayward Administrator
PRIDE MAGAZINE: In Voluntary Liquidation
PROBIND UK: Appoints Kroll Limited Administrator
RAILTRACK PLC: Mr. Byers Says Sorry for False Testimonies

RENTOKIL INITIAL: Kingfisher Finance Director Joins Board
RENTOKIL INITIAL: IFRS Adoption to Hit Employee Benefits
R & R (ROLL DEVELOPMENTS): Hires BDO Stoy Hayward Administrator
R & R (WALES): Iron, Steel Manufacturer Calls in Administrator
SAMM CUISINE: Members Opt for Liquidation

SOUTHERN PLASTERING: Names Tenon Liquidator
SOUTH MOSS: Members Vote on Liquidation
SPOILS 02: Furniture Retailer in Liquidation
THOMAS CANDY: Construction Firm in Liquidation
TMC TRANSPORT: Final Creditors Meetings Set Late Next Month

TORVER FILTRATION: Royal Bank of Scotland Appoints Receiver
TORVER SITE: In Administrative Receivership
U.K. COAL: Expects to Lose GBP30 Million in First Half
WESTON STEELSTRUCTURES: Engineering Firm to Liquidate
WINGATE AND MOON: In Voluntary Liquidation
ZADE LTD: Liquidator Moves in


                            *********

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


AERO VODOCHODY: Sale Takes Off
------------------------------
The government has given the go signal for the sale of troubled
aircraft maker Aero Vodochody, Czech News Agency reports citing
Vice-Premier for Economy Martin Jahn.

The Finance Ministry and the Industry and Trade Ministry are
proposing a two-round tender in which both Aero and its debt
will be offered.  The first part will be a pre-qualifying stage
where bidders will be asked to prove experience in aircraft
manufacturing and submit a viable business plan.  The second
will be a contest of the best price.  The ministers will declare
a winner in spring 2006.  

The sale has already attracted five to ten bidders.  The
ministers, however, still have to decide on the final terms of
the sale.  The Defense Ministry expressed doubts on Aero's sale
as a whole.  The ministry is asking for the preservation of
Malev's repair and support facilities for L-39 and L-159
military aircraft, recommending that the unit be transferred to
another state-owned company.  

Defense Ministry spokesman Andrej Cirtek said he does not oppose
Aero's privatization.  His only concern is to secure the
country's defense capability.  The government will come up with
the final terms of the sale in autumn.  CKA, which holds a 46.6%
stake in Aero, is currently looking for financial and legal
advisers for sale.  The government will accept bids until
October 12.

The sale is aimed at saving the plane maker from bankruptcy.  
The state took over Boeing's share as well as Aero's CZK9
billion debt in October 2004 after expressing dissatisfaction
over the latter's inability to secure enough orders for Aero.  
It then attempted to restructure the firm by writing off debt,
but the European Commission thwarted the plan, saying it was an
illegal state aid.

Aero posted CZK295 million in turnover in 2004, with losses
accumulating at CZK8.1 billion.  The group currently employs
1,600 people, 700 less than three years ago.  Board chairman
Petr Klimes recently replaced Antonin Jakubse as Aero's
president.

Aero specializes in overhauling L-39 and L-159 military
aircraft.  The group also assists the military on the L-159
program and coordinates with other firm on supplying components
for planes and helicopters.  Aero recently said it mulls
offering a license to produce L-159 to foreign companies.

CONTACT:  AERO VODOCHODY
          250 70 Odolena Voda,
          Czech Republic
          Phone: +420 25576 1111
          Fax: +420 25576 2111 or +420 25576 5999
          Web site: http://www.aero.cz


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


ADAMS FENSTER: Aachen Court Calls in Administrator
--------------------------------------------------
The district court of Aachen opened bankruptcy proceedings
against Adams Fenster-Tueren-Rolladen Kommanditgesellschaft on
July 1.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
August 19, 2005 to register their claims with court-appointed
provisional administrator Thomas Georg.     

Creditors and other interested parties are encouraged to attend
the meeting on September 13, 2005, 10:40 a.m. at the district
court of Aachen, Nebenstelle Augustastrasse, Augustastrasse
78/80, 52070 Aachen, II. Etage, Zimmer 21, 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:  ADAMS FENSTER-TUEREN-ROLLADEN KOMMANDITGESELLSCHAFT
          Bergische Gasse 9, 52066 Aachen
          Contact:
          Josefine Adams, Manager
          Bismarckstr. 156, 52066 Aachen

          Thomas Georg, Administrator
          Juelicher Strasse 116, 52070 Aachen
          Phone: 0241/94618-0
          Fax: 0241/533562


BOHM MEDIZINTECHNIK: Proofs of Claim Due October  
------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against Bohm Medizintechnik GmbH on July 1.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until October 1, 2005
to register their claims with court-appointed provisional
administrator Rolf Nacke.     

Creditors and other interested parties are encouraged to attend
the meeting on August 2, 2005, 9:50 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, at which time the administrator will present his first
report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report on
November 29, 2005, 9:35 a.m. at the same venue.

CONTACT:  BOHM MEDIZINTECHNIK GmbH
          Thyssenstrasse 7 - 17,13407 Berlin

          Rolf Nacke, Administrator
          Gross-Berliner Damm 73 c, 12487 Berlin


DAFRO GMBH: Court to Verify Claims September
--------------------------------------------
The district court of Aachen opened bankruptcy proceedings
against DaFro GmbH on July 1.  Consequently, all pending
proceedings against the company have been automatically stayed.  
Creditors have until August 26, 2005 to register their claims
with court-appointed provisional administrator Frank Wiedemann.      

Creditors and other interested parties are encouraged to attend
the meeting on September 26, 2005, 10:30 a.m. at the district
court of Aachen, Nebenstelle Augustastrasse, Augustastrasse
78/80, 52070 Aachen, I. Etage, Saal 14, 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:  DAFRO GmbH
          Gruener Weg 17, 52080 Aachen
          Contact:
          Karl David, Manager
          Seffenter Weg 81, 52074 Aachen
          Bernd Frohn, Manager
          Verlautenheidener Str. 161 a, 52080 Aachen

          Frank Wiedemann, Administrator
          Eupener Str. 181, 52066 Aachen
          Phone: 0241/6052800
          Fax: 0241/6052799


INFINEON TECHNOLOGIES: Investors Seek Clarity in Bribery Scandal
----------------------------------------------------------------
Shareholders of Infineon Technologies AG have complained against
the chipmaker's lack of transparency in the bribery claims
against a top executive.

This came after the company revealed that Andreas von Zitzwewitz
was under investigation for alleged corruption concerning racing
sponsorship deals.  

According to Suddeutsche Zeitung, supervisory board chairman Max
Dietrich Kley came under fire as shareholders worry that a
lengthy scandal could result from attempts to conceal details
regarding the claims.

He told the paper he has been informed of the allegations over a
year ago; however, no proof to pin down Mr. Zitzwewitz surfaced
after an intensive probe.

Meanwhile, Mr. Zitzwewitz, who led the firm's memory chip
division, has offered to resign.  Following a preliminary
investigation, Munich prosecutors said Mr. Zitzwewitz pocketed
some US$370,000 (EUR306,779) in bribes for contracts involving
motorsport sponsorships.

Employees have also expressed disappointment, but said the
reports did not come as a shock to them given the recent scandal
hounding Volkswagen AG.  

Jurgen Thumann, president of the German industry confederation
BDI, discourages against taking the recent cases as signs of
widespread corruption in the German industry.

CONTACT:  INFINEON TECHNOLOGIES AG
          Worldwide Headquarters
          P.O. Box 80 09 49
          D-81609 Muenchen
          Germany
          Web site: http://www.infineon.com
          Phone: +49-89-234-28481
          Fax: +49-89-234-28482
          E-mail: guenter.gaugler@infineon.com

          For Investors and Analysts based in Europe:
          Phone: +49-89-234 26655
          E-mail: investor.relations@infineon.com

          For Investors and Analysts based in North America:
          Phone: +-1-408 501 6800
          E-mail: investor.relations@infineon.com

          Christoph Liedtke
          U.S.A.
          Phone: +1-408 501-6790
          Fax: +1-408 501-2424
          E-mail: christoph.liedtke@infineon.com

          Kaye Lim
          Asia
          Phone: +65-6840-0689
          Fax: +65-6840-0073
          E-mail: kaye.lim@infineon.com

          Hirotaka Shiroguchi
          Japan
          Phone: +81-3-5449-6795
          Fax: +81-3-5449-6401
          E-mail: hirotaka.shiroguchi@infineon.com


SCHAFFER MOBEL: Falls into Bankruptcy
-------------------------------------
The district court of Bielefeld opened bankruptcy proceedings
against Schaffer Mobel GmbH on July 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until August 18, 2005 to register their
claims with court-appointed provisional administrator Hans-Peter
Burghardt.     

Creditors and other interested parties are encouraged to attend
the meeting on September 8, 2005, 10:00 a.m. at the district
court of Bielefeld, Gerichtstrasse 6, 33602 Bielefeld, 4. Ebene,
Saal 4065, 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:  SCHAFFER MOBEL GmbH
          Sachsenweg 55, 32547 Bad Oeynhausen
          Contact:
          Dr. Klaus Althoff, Manager

          Hans-Peter Burghardt, Administrator
          Bunsenstr. 3, 32052 Herford


SCHIEDER MOEBEL: Requests S&P to Withdraw Rating
------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'B+' long-term
corporate credit rating on Germany-based furniture manufacturer
Schieder Moebel Holding GmbH, at the company's request.  The
prospective 'B-' rating on the company's proposed senior
subordinated bond was also withdrawn, as the bond was not issued
as planned.  No rated financial debt is currently outstanding.

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

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Group E-Mail Address
          CorporateFinanceEurope@standardandpoors.com


SVV MULTIVISOR: Fuerth Court Appoints Dr. Goede Administrator
-------------------------------------------------------------
The district court of Fuerth opened bankruptcy proceedings
against SVV MultiVisor GmbH on June 23.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until August 22, 2005 to register their
claims with court-appointed provisional administrator Dr.
Steffen Goede.     

Creditors and other interested parties are encouraged to attend
the meeting on August 4, 2005, 11:30 a.m. at the district court
of Fuerth, Zi. 3, EG, Dienstgebaude, Baumenstrasse 32, 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:  SVV MULTIVISOR GmbH
          Nordring 11 in 90765 Fuerth
          
          Dr. Steffen Goede, Administrator
          Peuntgasse 3, 90402 Nuernberg
          Phone: 0911/279800
          Fax: 0911/2798090


THOMAS COOK: Aldiana's Fate Known in Coming Weeks
-------------------------------------------------
Travel group Thomas Cook will decide on the sale of its holiday
resort unit, Aldiana, within the next few weeks, Frankfurter
Allgemeine Zeitung reports.

According to the daily, Thomas Cook is considering two options:
sell parts of Aldiana to a private equity group or pull out
completely from the business.  Aldiana is a non-core business
that contributed to its EUR175.9 million loss last year via a
EUR29.3 million write-down.  Eyeing Aldiana are travel operators
TUI and Kuoni Travel and U.S. financial investor Advent
International.

The sale is part of the company's effort to return to
profitability by October.  The German tour operator booked
EUR7.5 billion in turnover in 2004.  Lufthansa and
KarstadtQuelle jointly own Thomas Cook, Europe's No. 2 travel
agency.

CONTACT:  THOMAS COOK AG
          Zimmersmuehlenweg 55
          61440 Oberursel
          Phone: +49-6171-6500
          Fax: +49-6171-652-125
          Web site: http://www.thomascook.de


THOMAS COOK: Subsidiary on Track to Report Profit
-------------------------------------------------
A tour operator unit of troubled travel group Thomas Cook will
post a profit for the financial year ending Oct. 31, 2005, says
Frankfurter Allgemeine Zeitung.

Speaking at the presentation of Neckermann's winter catalogue,
management board member Peter Fankhauser said the subsidiary
would post an eight-figure profit for the current financial
year, a turnaround from last year's EBITDA loss of almost EUR1
million.  For this year, Neckermann expects a 3% growth in
number of customers.  According to Mr. Fankhauser, this summer
alone, Neckermann posted a 3.5% hike in number of bookings, with
bookings to Tunisia and Turkey swelling by 25% and 22%
respectively.  Mr. Fankhauser added they have lowered their
prices to encourage customers to book early.

CONTACT:  THOMAS COOK AG
          Zimmersmuehlenweg 55
          61440 Oberursel
          Phone: +49-6171-6500
          Fax: +49-6171-652-125
          Web site: http://www.thomascook.de


UCR UMWELTCONCEPTE: Under Bankruptcy Administration
---------------------------------------------------
The district court of Essen opened bankruptcy proceedings
against UCR Umweltconcepte Ruhr GmbH on July 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until August 23, 2005 to
register their claims with court-appointed provisional
administrator Rolf Otto Neukirchen.      

Creditors and other interested parties are encouraged to attend
the meeting on September 7, 2005, 9:40 a.m. at the district
court of Essen, Hauptstelle, Zweigertstr. 52, 45130 Essen, I.OG,
gelber Bereich, Saal 185, 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:  UCR UMWELTCONCEPTE RUHR GmbH
          Schnieringshof 10 - 14, 45329 Essen
          Contact:
          Axel Georg Nolte, Manager

          Rolf Otto Neukirchen, Administrator
          Zweigertstr. 28-30, 45130 Essen
          Phone: (0201) 438740
          Fax: +492014387479


VLIETLAND RECYCLING: Creditors' Claims Due Next Month
-----------------------------------------------------
The district court of Essen opened bankruptcy proceedings
against Vlietland Recycling GmbH on July 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until August 16, 2005 to register their
claims with court-appointed provisional administrator Georg F.
Kreplin.     

Creditors and other interested parties are encouraged to attend
the meeting on August 31, 2005, 9:10 a.m. at the district court
of Essen, Hauptstelle, Zweigertstr. 52, 45130 Essen, I.OG,
gelber Bereich, Saal 185, 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:  VLIETLAND RECYCLING GmbH
          Zur Halbinsel 9, 45356 Essen
          Contact:
          Cornelius Johannes Petrus van Vliet, Manager
          Zwartendijk 51, NL-2681 LP Monster
          Theodorus Felix Thomas Bakker, Manager
          Koninginneweg 1, NL-2411 XK Bodegraven

          Georg F. Kreplin, Administrator
          Limbecker Platz 1, 45127 Essen
          Phone: 0201 220 05 02
          Fax: 0201 220 05 40


WAGNER UND PARTNER: Creditors Meeting Set September
---------------------------------------------------
The district court of Erfurt opened bankruptcy proceedings
against Wagner und Partner Gesellschaft fuer berufliche Bildung
Weimar mbH on June 27.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until August 19, 2005 to register their claims with court-
appointed provisional administrator Rolf Rombach.      

Creditors and other interested parties are encouraged to attend
the meeting on September 19, 2005, 12:30 p.m. at the district
court of Erfurt, Saal 12, Rudolfstr. 46, 99092 Erfurt, at which
time the administrator will present his first report of the
insolvency proceedings.  The court will also verify the claims
set out in the administrator's report during this meeting, while
creditors may constitute a creditors committee and or opt to
appoint a new insolvency manager.

CONTACT:  WAGNER UND PARTNER GESELLSCHAFT
          FUER BERUFLICHE BILDUNG WEIMAR mbH
          Rodchenweg 28, 99427 Weimar

          Rolf Rombach, Administrator
          Magdeburger Allee 159, 99086 Erfurt


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


MALEV HUNGARIAN: KrasAir Seen to Win Tender
-------------------------------------------
Russian airline KrasAir is leading the bid for loss-making
national carrier Malev Hungarian Airlines, Magyar Hirlap says.

According to the national daily, KrasAir's offer is
"significantly higher" than Aviation Solution International, a
consortium lead by a former Malev chief executive, and Russian
airline alliance Airbridge Cargo.  KrasAir also offered to
assume half of Malev's HUF36 billion debt.

In a tender last year, Aviation Solutions offered HUF150 million
to acquire Malev sans its debt.  The government rejected the
offer.  In the current tender, Aviation Solutions offered to
take over half of Malev's debt and increase its offer.

Unless Airbridge and Aviation Solutions will raise their offers,
state privatization agency APV will have to declare KrasAir as
the winning bidder this week.

The latest attempt to sell the carrier started in April after a
previous tenders failed in March.  Around 14 investors expressed
interest in the carrier, but only six were considered as serious
bidders.  Prospective buyers include KrasAir, Argus Capital, Air
Europe, Euroinvest, Aviation Solution and an unidentified
Portuguese group.  Only KrasAir and Aviation Solution filed
formal bids, with Russian airline alliance Airbridge Cargo as
the third bidder.

                            *   *   *

Malev Hungarian Airlines expects another operating loss for
2005.  It sees a HUF1.8 billion deficit at the operating level.  
In 2004, the carrier booked an operating loss of HUF4.4 billion
(US$$21.9 million) on revenues of HUF123.8 billion.  It expects
to break even next year, partly as a result of its membership to
the oneworld alliance.

Malev recently signed a memorandum of understanding with
oneworld, which sets its full membership by the summer of 2006.  
This alliance, Malev claims, will increase its revenues by as
much as HUF8 billion a year and net profit by HUF4 billion.  The
carrier also struck a vital deal with Budapest Airport in
anticipation of a successful sale.

Since the fall of Communism in the country, the government has
tried to sell Malev several times but failed.  Malev has
struggled to increase revenues due to the proliferation of
budget airlines at its Budapest hub that has pushed prices down
and cut into its market share.

CONTACT:  MALEV HUNGARIAN AIRLINES
          Konyves Kalman korut 12-14,
          H-1097 Budapest
          Phone: +36 1 235 3100
          Fax: +36 1 235-3255
          E-mail: malev@malev.hu
          Web site: http://www.malev.hu

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

          OAO KRASNOYARSK AIRLINES
          663021, Krasnoyarsk region,
          Emeljanivo-1, Krasnoyarsk Airport
          Phone: +7 (3912)635-110
          Fax: +7 (3912)635-181
          E-mail: krasair@krasair.ru

          AIRBDRIDGE CARGO
          119048, Usacheva Str. 35A
          Moscow, Russia
          Phone: + 7 095 7862613
          Fax: + 7 095 7556851
          E-mail: info@airbridgecargo.com
          Web site: http://www.airbridgecargo.com


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


ROYAL NUMICO: Raising Stake in Indonesian Biz to 86.3%
------------------------------------------------------
Royal Numico N.V. said it will increase its majority
shareholding in the Indonesian baby food company PT Sari Husada
Tbk to 86.3%, effective 20 July.  A block of shares equivalent
to 5% will be acquired for the price of IDR 3,500 per share.

With this transaction Numico will increase its shareholding in
the capital of Sari Husada, Indonesia's leading baby food
company, from 81.3% to 86.3%.  The value of the transaction is
EUR 28 million.

In future transactions Numico stands willing to guarantee the
same price to current shareholders of Sari Husada.

Jan Bennink, CEO of Numico, commented: "Sari Husada's baby food
business is of great importance to Numico's strategy in the
Asia-Pacific region. This investment reinforces our commitment
to the continuing success of this fast-growing and highly
profitable company."

CONTACT:  ROYAL NUMICO
          Corporate Communications   
          Phone: +31 20 456 9077

          Investor Relations                  
          Phone: +31 20 456 9003


ROYAL SHELL: To Release Second-quarter Results Next Week
--------------------------------------------------------
Royal Dutch Shell plc will release its second quarter results
and second interim dividend announcements for 2005 on Thursday,
July 28, 2005.

The financial statements and results for the second quarter 2005
will be reported under an assumption that all Royal Dutch
Petroleum Company (Royal Dutch) shares are owned by RDS and the
financial statements will be consolidated to include the
previous parent companies of Royal Dutch and Shell Transport.

The consolidated financial statements for periods ending on or
after the date of consummation of the Transaction will give
effect to any minority interest in Royal Dutch outstanding on
the date thereof.

The total number of RDS shares deemed in issue at the end of the
period was 6,898.4 million assuming a full exchange of Royal
Dutch and Shell Transport shares into RDS shares.

RDS will report one earnings per share figure on a basic and on
a diluted basis, based on the weighted average number of RDS
(combined A and B shares) and under the assumption of the full
exchange of Royal Dutch and Shell Transport shares into RDS
shares.

The basic earnings per RDS share for the second quarter will be
based on the weighted average of 6,724.5 million equivalent RDS
shares.  This average excludes RDS shares held in Trusts in
respect of share options and other incentive compensation plans.

Diluted earnings per share calculations are based on the
weighted average of 6,744.1 million RDS shares for the second
quarter.  This adjusts the basic number of shares for those
stock options currently in-the-money.

Earnings per share figures will be quoted in U.S. dollars.

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


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


AGRO-PROM-MEKH-MONTAZH: Proofs of Claim Deadline Set Monday
-----------------------------------------------------------
The Arbitration Court of Kirov region has commenced bankruptcy
supervision procedure on open joint stock company Agro-Prom-
Mekh-Montazh.  The case is docketed as A28-50/05-39/20.  Mr. L.
Shikhov has been appointed temporary insolvency manager.

Creditors have until July 25, 2005 to submit their proofs of
claim to 610017, Russia, Kirov, Oktyabrskiy Pr. 104, Office 507.  
A hearing will take place on Sept. 20, 2005, 10:00 a.m. at the
Arbitration Court of Kirov region located at Russia, Kirov,
Gostinyj Per. 5/1, Room 305.

CONTACT:  AGRO-PROM-MEKH-MONTAZH
          613530, Russia, Kirov region,
          Urzhum, Energetikov Str. 1

          Mr. L. Shikhov
          Temporary Insolvency Manager
          610017, Russia, Kirov region,
          Oktyabrskiy Pr. 104, Office 507


AUTO-COLUMN 1801: Succumbs to Bankruptcy
----------------------------------------
The Arbitration Court of Kalinigrad region commenced bankruptcy
proceedings against Auto-Column 1801 after finding the open
joint stock company insolvent.  The case is docketed as A21-
8374/04-S2.  Mr. D. Kharybin has been appointed insolvency
manager.  Creditors have until August 25, 2005 to submit their
proofs of claim to Russia, Kalinigrad, Donskogo Str. 7,
Apartment 209.

CONTACT:  AUTO-COLUMN 1801
          Russia, Kalinigrad region,
          Chernyakhovsk, Gusevskoye Shosse, 9

          Mr. D. Kharybin
          Insolvency Manager
          Russia, Kalinigrad region,
          Donskogo Str. 7, Apartment 209
          Phone: (0112) 57-87-50


CHERNOZEMYE: Undergoes Bankruptcy Supervision Procedure
-------------------------------------------------------
The Arbitration Court of Ingushetiya republic has commenced
bankruptcy supervision procedure on limited liability company
Chernozemye.  The case is docketed as A18-943/05.  Mr. D.
Pronyushkin has been appointed temporary insolvency manager.  
Creditors may submit their proofs of claim to Russia,
Ingushetiya republic, Nazran, Moskovskaya Str. 4a.

CONTACT:  CHERNOZEMYE
          Russia, Ingushetiya republic,
          Nazran, Moskovskaya Str. 4a

          Mr. D. Pronyushkin
          Temporary Insolvency Manager
          Russia, Ingushetiya republic,
          Nazran, Moskovskaya Str. 4a


CONCERN ORENBURG-MILL: Under Bankruptcy Supervision
---------------------------------------------------
The Arbitration Court of Orenburg region has commenced
bankruptcy supervision procedure on open joint stock company
Concern Orenburg-Mill.  The case is docketed as A47-6124/05-
14GK.  Ms. N. Deryabina has been appointed temporary insolvency
manager.

Creditors may submit their proofs of claim to Russia, Samara-52,
Post User Box 1914.  A hearing will take place on Oct. 19, 2005
at the Arbitration Court of Orenburg region located at 460046,
Russia, Orenburg, 9th January Str.

CONTACT:  CONCERN ORENBURG-MILL
          460022, Russia, Orenburg region,
          Kavkazskaya Str. 2

          Ms. N. Deryabina
          Temporary Insolvency Manager
          Russia, Samara-52,
          Post User Box 1914


DELTACREDIT BANK: Credit, Deposit Ratings Upgraded to 'B'
---------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term
counterparty credit and certificate of deposit ratings on
Russia-based commercial bank DeltaCredit Bank (DC) to 'B' from
'B-'.  At the same time, the Russia national scale credit rating
on the bank was raised to 'ruA-' from 'ruBBB+'.  The 'C' short-
term counterparty credit and certificate of deposit ratings were
also affirmed.  The outlook remains positive.

"The rating actions reflect the bank's steady operating
performance, cautious lending policy, improved profitability,
continuously strong capitalization, and good loan performance
record," said Standard & Poor's credit analyst Irina Penkina.

The ratings on DC continue to benefit from the bank's close
links to international development organizations, and good
financial transparency.  The ratings remain constrained by DC's
concentrated funding base, untested loan behavior during
economic distress, uncertain long-term ownership, and the still
developing, albeit improving, legal environment surrounding
mortgage lending in Russia.

"Standard & Poor's expects that the bank will maintain moderate
organic growth, while preserving good asset quality and further
improving its operating efficiency," added Ms. Penkina. Standard
& Poor's also considers that the bank will be able to maintain a
good level of capitalization, although lower than the current
high level.

The ratings could be raised if the bank successfully secures
cost-efficient, long-term funding from the private sector debt
markets, and demonstrates sustainable competitiveness and
financial performance as the mortgage market develops in Russia.  
The ratings are sensitive to any evident increase in the bank's
risk appetite, although Standard & Poor's assumes that DC will
preserve its prudent risk approach in the medium term.

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

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Group E-Mail Address
          FIG_Europe@standardandpoors.com


KIRSANOVSKIY: Hires Insolvency Manager from Tambov
--------------------------------------------------
The Arbitration Court of Tambov region has commenced bankruptcy
supervision procedure on limited liability company Kirsanovskiy.  
The case is docketed as A64-1848/05-21.  Ms. L. Koptelina has
been appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 129110, Russia,
Moscow, M. Ekaterininskaya Str. 17/21.  A hearing will take
place on Sept. 5, 2005.

CONTACT:  KIRSANOVSKIY
          Russia, Tambov region, Kirsanov

          Ms. L. Koptelina
          Temporary Insolvency Manager
          129110, Russia, Moscow region,
          M. Ekaterininskaya Str. 17/21


MAGIC-T: Hires P. Tumbasov Insolvency Manager
---------------------------------------------
The Arbitration Court of Chelyabinsk region commenced bankruptcy
proceedings against Magic-T after finding the close joint stock
company insolvent.  The case is docketed as A76-13104/05-36-70.  
Mr. P. Tumbasov has been appointed insolvency manager.  
Creditors have until July 25, 2005 to submit their proofs of
claim to 455026, Russia, Chelyabinsk region, Magnitogorsk, Post
User Box 33.

CONTACT:  MAGIC-T
          Russia, Chelyabinsk region, Magnitogorsk

          Mr. P. Tumbasov
          Insolvency Manager
          455026, Russia, Chelyabinsk region,
          Magnitogorsk, Post User Box 33


OB-POLYMER: Undergoes Bankruptcy Supervision Procedure
------------------------------------------------------
The Arbitration Court of Khanty-Mansiyskiy autonomous region has
commenced bankruptcy supervision procedure on close joint stock
company Ob-Polymer.  The case is docketed as A75-5029/2005.  Mr.
E. Zhikharev has been appointed temporary insolvency manager.

Creditors may submit their proofs of claim to:

(a) OB-POLYMER
    628183, Russia, Khanty-Mansiyskiy autonomous region
    Yugra, Nyagan, Lazareva Str. 11

(b) Temporary Insolvency Manager
    625003, Russia, Tyumen region,
    Krasina Str. 7a, 5th floor

(c) The Arbitration Court of Khanty-Mansiyskiy autonomous region
    628012, Tyumen region, Khanty-Mansiysk,
    Lenina Str. 54/1

A hearing will take place on Oct. 10, 2005.


RUSSIAN BANK: Planned US$150 Mln Eurobond Rated 'BB+'
-----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' senior
unsecured debt rating to the Russian Bank For Development's
(RBD) upcoming US$150 million Eurobond, maturing in 2008.  At
the same time, Standard & Poor's affirmed its 'BB+' long-term
and 'B' short-term issuer credit ratings on RBD.  The outlook is
stable.

The rating on the bond is equalized with those on RBD.  "The
ratings on RBD are supported by strong explicit sovereign
support, including a sovereign guarantee on part of the Bank's
liabilities, continuous state capital injections, and a clearly
defined and strategic public policy role assigned to the Bank by
the government of The Russian Federation (foreign currency BBB-
/Stable/A-3; local currency BBB/Stable/A-3)," said Standard &
Poor's credit analyst Luc Marchand.

RBD's 100% ownership by the state, as represented by the Russian
Federal Property Fund, also ensures strong implicit sovereign
support.  RBD is the primary vehicle for providing credits to
small businesses in Russia, and expanding this sector is one of
the main strategic development targets of the government.

At year-end 2004, total assets amounted to US$314.6 million, and
total equity to US$212.2 million.  At year-end 2004, disbursed
loans reached a total volume of US$175.9 million.  In view of
the substantial development needs in Russia's private sector,
RBD has a vital role to play for many years to come.  The bank
is expected to expand its loan portfolio prudently in a high-
risk market environment.

"We expect government support for RBD will remain strong, as
demonstrated by the state guarantees on a significant part of
the Bank's obligations and the expected further rise in its
capital," said Mr. Marchand.

The government, through the Ministry of Economic Development and
Trade, has also indicated that it has no plans to privatize RBD
in the foreseeable future.  The Bank's role in government plans
is secured by its current policy and regulatory framework.  The
ratings on RBD could move closer to those on the sovereign if
the Bank's core operations (in particular its small business
program) are sufficiently successful to encourage further
strengthening of state support.  Nevertheless, a deviation from
RBD's policy role, or signs of weakening government support,
would result in downward pressure on the ratings.

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

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Group E-Mail Address
          SovereignLondon@standardandpoors.com


TAV-DAL-WOOD-PROM: Bankruptcy Hearing Set Next Month
----------------------------------------------------
The Arbitration Court of Sverdlovsk region has commenced
bankruptcy supervision procedure on limited liability company
Tav-Dal-Wood-Prom.  The case is docketed as A60-11128/05-S4.  
Mr. V. Rozhdestvenskiy has been appointed temporary insolvency
manager.

Creditors have until July 25, 2005 to submit their proofs of
claim to 624001, Russia, Sverdlovsk region, Sysertskiy region,
Aramil, Shkolnaya Str. 46a.  A hearing will take place on Aug.
31, 2005, 2:00 p.m.

CONTACT:  TAV-DAL-WOOD-PROM
          Russia, Sverdlovsk region,
          Tavda, Lesopilshikov Str. 2a

          Mr. V. Rozhdestvenskiy
          Temporary Insolvency Manager
          624001, Russia, Sverdlovsk region,
          Sysertskiy region, Aramil, Shkolnaya Str. 46a


TEPLOVSKIY DOR-STROY: Creditors Have Until Monday to File Claims
----------------------------------------------------------------
The Arbitration Court of Saratov region commenced bankruptcy
proceedings against Teplovskiy Dor-Stroy after finding the open
joint stock company insolvent.  The case is docketed as A-57-
224B/05-32.  Mr. A. Budarin has been appointed insolvency
manager.  Creditors have until July 25, 2005 to submit their
proofs of claim to 410049, Russia, Saratov, Barnaulskaya Str.
34.

CONTACT:  TEPLOVSKIY DOR-STROY
          412587, Russia, Saratov region,
          Novoburasskiy region, Teplovka

          Mr. A. Budarin
          Insolvency Manager
          410049, Russia, Saratov region,
          Barnaulskaya Str. 34


TREST URAL-MASH-STROY: Proofs of Claim Due Next Week
----------------------------------------------------
The Arbitration Court of Sverdlovsk region has commenced
bankruptcy supervision procedure on limited liability company
Trest Ural-Mash-Stroy (TIN 6673085841).  The case is docketed as
A60-14169/05-S11.  Mr. V. Kevarkov has been appointed temporary
insolvency manager.  Creditors have until July 25, 2005 to
submit their proofs of claim to 620075, Russia, Ekaterinburg,
Gorkogo Str. 31.

CONTACT:  TREST URAL-MASH-STROY
          620039, Russia,
          Ekaterinburg, Lukinykh Str. 5

          Mr. V. Kevarkov
          Temporary Insolvency Manager
          620075, Russia,
          Ekaterinburg, Gorkogo Str. 31


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


AUNA OPERADORES: Another Bidder Pulls out of Talks  
--------------------------------------------------
The Kohlberg Kravis Roberts-led consortium bidding for Auna
Operadores de Telecomunicaciones S.A. walked out of the auction
Wednesday, said the Financial Times.

According to the paper, the group feared it would be used as a
"stalking horse" to squeeze out a higher offer from competing
bidder France Telecom S.A.  

Merrill Lynch, the U.S. bank handling the sale talks, reportedly
asked the consortium that also includes Goldman Sachs Capital
Partners and BC Partners to match the offer lodged by the French
firm.

The group, which was said to have valued Auna at EUR12.5
million, offered to buy the entire business last week.   

France Telecom reportedly eyes buying Amena, Auna's wireless
division, for EUR9 billion, while Auna's key shareholders are
aiming to raise between EUR11.5 billion to EUR13 billion for the
whole business.

KKR's move follows the pullout of the consortium of U.S.-based
Apax Partners, and U.K.-based Cinven and CVC Capital Partners in
May.

Aside from France Telecom, the latest exit leaves Auna with two
consortia, which are led by venture capitalists Carlyle, and by
Spanish cable operator ONO, respectively.

Carlyle's team reportedly values Auna at EUR12 billion, while
Ono is proposing to buy Auna's fixed-line division, Auna TLC,
for EUR2.3 billion to EUR2.6 billion.

Auna's major shareholders, with a combined 84% of its equity,
are Banco Santander Central Hispano S.A., Endesa S.A. and Union
Fenosa S.A.

CONTACT:  AUNA OPERADORES DE TELECOMUNICACIONES S.A.
          Paseo de la Castellana, 83-85
          28046 Madrid, Spain
          Phone: +34-91-202-41-00
          Fax: +34-91-202-51-71
          Web site: http://www.grupoauna.com


=====================
S W I T Z E R L A N D
=====================


SWISS INTERNATIONAL: Settles Dispute with SR Technics
-----------------------------------------------------
Swiss International Air Lines and SR Technics Switzerland have
reached an out-of-court settlement in their dispute over the
interpretation of their maintenance contract, thus ending the
arbitration process they were engaged in.  Established on a new
basis, their revised co-operation agreement enables SWISS to
significantly reduce maintenance costs for its Airbus fleet.  At
the same time, the two parties have extended their current
contract, which is valid until 2009, by a further three years.
  
In an effort to resolve conflicting interpretation of commercial
aspects of their aircraft maintenance services contract, SWISS
and SR Technics submitted their dispute to arbitration last
October.  The two companies have now reached an out-of-court
agreement resolving these differences.  The arbitration process
has therefore been set aside.

The new agreement enables SWISS to save considerable costs for
the maintenance of its Airbus fleet, which will make a
significant contribution to its efforts to achieve a financial
turnaround.  In a related development, the two companies have
also extended their contract maintenance services contract by
three years.

Tim Talaat, CEO of SR Technics Switzerland, is pleased by the
agreement with SWISS: "With this solution we have established a
firm basis for a long-term partnership that will benefit both
companies.  We are proud that our services will continue to
contribute to the success of our biggest customer and national
airline.  In this way our two companies help to secure the
future of air transport in Switzerland."

Manfred Brennwald, Chief Operations Officer at SWISS, commented:
"Thanks to this negotiated outcome, SWISS will achieve
sustainable savings in the maintenance of its Airbus fleet for
the duration of the contract.  This will generate a significant
contribution to our turnaround.  At the same time we can
continue to rely on the renowned high quality maintenance
provided by SR Technics.  This raises the working relationship
of the two companies to a new level, which is positive for both
enterprises and also for Switzerland as an air transport
location."

SR Technics is responsible for the technical safety and
reliability, data management and maintenance of the SWISS Airbus
fleet, which currently consists of 25 aircraft from the Airbus
A320 series and nine Airbus A330 and nine A340 aircraft.  SR
Technics will basically continue to perform maintenance services
on these aircraft as it has in the past.  SWISS will continue to
maintain its regional fleet itself.

CONTACT:  SWISS INTERNATIONAL
          Corporate Communications
          P.O. Box, CH-4002 Basel
          Phone: +41 (0) 848 773 773
          Fax: +41 61 582 35 54
          E-mail: communications@swiss.com   
          Web site: http://www.swiss.com


===========
T U R K E Y
===========


OYAK BANK: Credit, Deposit Ratings at 'BB-/B'
---------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-/B'
counterparty credit and certificate of deposit ratings to
Turkey-based Oyak Bank A.S.  The outlook is stable.

The ratings on Oyak Bank balance the risky banking and economic
environment in the Republic of Turkey (foreign currency, BB-
/Stable/B; local currency, BB/Stable/B) and the bank's moderate
business position in an increasingly competitive market.  The
ratings also factor in the bank's satisfactory financial
profile, the likely support it would receive from the government
given its full ownership by Ordu Yardimlasma Kurumu (not rated;
OYAK; the Army Pension Fund.  

"The bank also benefits from the commercial and legal advantages
deriving from its strategically important role within the OYAK
Group, one of Turkey's largest financial-industrial
conglomerates," said Standard & Poor's credit analyst Magar
Kouyoumdjian.

Turkish banks, which finance a large part of government debt,
are still susceptible to the state's monetary policies.
Government securities represent a sizable portion of the bank's
balance sheet, although in line with the average of midsize
banks.  Robust economic growth over the past three years has
driven the banking sector's speedy recovery since the banking
crisis of 2001-2002, which forced the rehabilitation of many
banks.  In 2002, Oyak Bank acquired Sumerbank, which was a
composite of six restructured banks.  Competition in the sector
is sharpening, due primarily to privatizations, acquisitions,
and more foreign bank entrants.  

The stable outlook reflects that on the Republic of Turkey.
Assuming continued sound economic growth and deeper stability,
new opportunities for growth will be created for leading Turkish
financial institutions.  

"Oyak Bank should benefit from this banking market development,
but must succeed in leveraging its distribution channels and
increasing its sales of products and services to a wider
customer base, and in strengthening ties and maximizing
synergies with OYAK Group companies," added Mr. Kouyoumdjian.  

"Conversely, if confidence wanes, the financial environment
could become harsher and more volatile, making further progress
on profitability, asset quality, and capitalization much more
uncertain," he added.  

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

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Group E-Mail Address
          FIG_Europe@standardandpoors.com


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


ARTEMIVSK' ELEVATOR: Descends into Insolvency
---------------------------------------------
The Economic Court of Donetsk region commenced bankruptcy
proceedings against Artemivsk' Elevator (code EDRPOU 00957347)
on May 31, 2005 after finding the joint stock company insolvent.  
The case is docketed as 3/119 B.  Mr. S. Brustinov (License
Number AA 485232) has been appointed liquidator/insolvency
manager.  The company holds account number 26001301626355 at
JSCB National credit, Artemivsk branch, MFO 335708.

CONTACT:  ARTEMIVSK' ELEVATOR
          84500, Ukraine, Donetsk region,

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


DIBROVA: Vinnitsya Court Opens Bankruptcy Proceedings
-----------------------------------------------------
The Economic Court of Vinnitsya region commenced bankruptcy
proceedings against Dibrova (code EDRPOU 03734990) after finding
the limited liability company insolvent.  The case is docketed
as 10/72-05.  Mr. P. Dmitrenko has been appointed
liquidator/insolvency manager.

CONTACT:  DIBROVA
          Ukraine, Vinnitsya region,
          Hmilnitskij district, Rogintsi

          ECONOMIC COURT OF VINNITSYA REGION
          Ukraine, Vinnitsya region,
          Hmelnitske Shose, 7


KERCH' COTTON: Under Bankruptcy Supervision
-------------------------------------------
The Economic Court of AR Krym region renewed bankruptcy
supervision procedure on OJSC Kerch' Cotton Factory (code EDRPOU
00306561) on May 23, 2005.  The case is docketed as 2-11/3115-
2005.  Mr. Krasov Oleg (License Number AA 779205) has been
appointed temporary insolvency manager.  The company holds
account number 2600131652001 at Ukrsocbank, Kerch branch, MFO
324270.

CONTACT:  KERCH' COTTON FACTORY
          98300, Ukraine, AR Krym region,
          Kerch, Pirogov Str. 17

          Mr. Krasov Oleg,
          Temporary Insolvency Manager
          95000, Ukraine, AR Krym region,
          Simferopol, Poshtamt, a/b 111
  
          THE ECONOMIC COURT OF AR KRYM REGION
          95000, Ukraine, AR Krym region,
          Simferopol, Karl Marks Str. 18


LUGANSK' CITY: Bankruptcy Supervision Starts
--------------------------------------------
The Economic Court of Lugansk region commenced bankruptcy
supervision procedure on OJSC Lugansk' City Bus Park (code
EDRPOU 0545689) on April 17, 2005.  The case is docketed as
10/196 b.  Mr. Mihajlo Horoshevskij (License Number AA
7791892004) has been appointed temporary insolvency manager.  
The company holds account number 25457125 at JSPPB Aval, Lugansk
regional branch, MFO 304007.

CONTACT:  LUGANSK' CITY BUS PARK
          Ukraine, Lugansk region,
          Koshovij Str. 31

          Mr. Mihajlo Horoshevskij,
          Temporary Insolvency Manager
          91000, Ukraine, Lugansk region,
          Cheluskintsi Str. 143/85

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


SOYUZMETAL: Court Names T. Tananiko Liquidator
----------------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
proceedings against Soyuzmetal (code EDRPOU 32762495) on May 18,
2005 after finding the limited liability company insolvent.  The
case is docketed as B-50/80-05.  Mr. T. Tananiko has been
appointed liquidator/insolvency manager.

CONTACT:  Mr. T. Tananiko
          Liquidator/Insolvency Manager
          Ukraine, Sumi region,
          Yampilskij district, Svesa,
          Tsiolkovskij Str. 5

          ECONOMIC COURT OF HARKIV REGION
          61022, Ukraine, Harkiv region,
          Svobodi Square, 5, Derzhprom, 8th Entrance


STROJDORSERVICE: Gears up for Liquidation
-----------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
proceedings against Strojdorservice (code EDRPOU 32132784) on
May 18, 2005 after finding the limited liability company
insolvent.  The case is docketed as B-50/79-05.  Mr. O.
Ohrimenko has been appointed liquidator/insolvency manager.  

CONTACT:  Mr. O. Ohrimenko
          Liquidator/Insolvency Manager
          Ukraine, Harkiv region,
          Novgorodska Str. 4/68

          ECONOMIC COURT OF HARKIV REGION
          61022, Ukraine, Harkiv region,
          Svobodi Square, 5, Derzhprom, 8th Entrance


TAJSTRA-POLTAVA-TORG: Insolvency Manager Comes in
-------------------------------------------------
The Economic Court of Lviv region commenced bankruptcy
proceedings against Tajstra-Poltava-Torg (code EDRPOU 31175277)
after finding the company insolvent.  The case is docketed as
6/129-29/129.  Mr. Andrij Sibal (License Number AA 485266) has
been appointed liquidator/insolvency manager.

CONTACT:  TAJSTRA-POLTAVA-TORG
          79066, Ukraine, Lviv region,
          Sihivska Str. 16

          Mr. Andrij Sibal
          Liquidator/Insolvency Manager
          79000, Ukraine, Lviv region,
          P. Doroshenko Str. 61/5

          ECONOMIC COURT OF LVIV REGION
          79010, Ukraine, Lviv region,
          Lichakivska Str. 81


UKRPROMSERVICE: Declared Insolvent
----------------------------------
The Economic Court of Lviv region commenced bankruptcy
proceedings against Ukrpromservice (code EDRPOU 31175277) after
finding the limited liability company insolvent.  The case is
docketed as 6/130-29/130.  Mr. Andrij Sibal (License Number AA
485266) has been appointed liquidator/insolvency manager.

CONTACT:  UKRPROMSERVICE
          79066, Ukraine, Lviv region,
          Sihivska Str. 16

          Mr. Andrij Sibal
          Liquidator/Insolvency Manager
          79000, Ukraine, Lviv region,
          P. Doroshenko Str. 61/5

          ECONOMIC COURT OF LVIV REGION
          79010, Ukraine, Lviv region, Lichakivska Str. 81


YUZHNERUDPROM: Liquidator Takes over Operations
-----------------------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
proceedings against OJSC Yuzhnerudprom (code EDRPOU 05467518)
after finding the limited liability company insolvent.  Mr.
Sunitsya Viktor (License Number AA 668343) has been appointed
liquidator/insolvency manager.

CONTACT:  YUZHNERUDPROM
          Ukraine, Dnipropetrovsk region,
          Bazova Str. 8

          Mr. Sunitsya Viktor
          Liquidator/Insolvency Manager
          03039, Ukraine, Kyiv region,
          Golosiyivskij Avenue, 8
  
          ECONOMIC COURT OF DNIPROPETROVSK REGION
          49600, Ukraine, Dnipropetrovsk region,
          Kujbishev Str. 1a


ZNAMYANKA' AGROTEHSERVICE: Court Appoints Insolvency Manager
------------------------------------------------------------
The Economic Court of Kirovograd region commenced bankruptcy
proceedings against Znamyanka' Agrotehservice (code EDRPOU
03751557) on April 21, 2005 after finding the limited liability
company insolvent.  The case is docketed as 10/117.  Mr. O.
Volovik (License Number AA 140417) has been appointed
liquidator/insolvency manager.

CONTACT:  ZNAMYANKA' AGROTEHSERVICE
          27400, Ukraine, Kirovograd region,
          Znamyanka, Lisnij Lane, 1

          Mr. O. Volovik
          Liquidator/Insolvency Manager
          25006, Ukraine, Kirovograd region, a/b 5/41
  
          THE ECONOMIC COURT OF KIROVOGRAD REGION
          25022, Ukraine, Kirovograd region,
          Lunacharski Str. 29


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


ACCOMPLISHED AUTOMATION: In Voluntary Liquidation
-------------------------------------------------
At an Extraordinary General Meeting of Accomplished Automation
Limited, duly convened, and held at Sanderling House, 1071
Warwick Road, Acocks Green, Birmingham B27 6QT, on 5 July 2005,
at 10:30 a.m., the following Extraordinary Resolutions were duly
passed:

"That it has been proved to the satisfaction of the Meeting that
the Company cannot, by reason of its liabilities, continue its
business, and that it is advisable that the same should be wound
up voluntarily, and that the Company be wound up accordingly,
and that Andrew Fender, of Sanderlings LLP, Sanderling House,
1071 Warwick Road, Acocks Green, Birmingham B27 6QT, be and is
hereby nominated Liquidator for the purpose of winding-up."

R Dowell, Chairman


AEROSPACE INDUSTRY: Business for Sale
-------------------------------------
Geoffrey Kinlan and David Gilbert, Joint Administrators, offer
for sale the business and assets of Hertfordshire-based
Aerospace Service Labour Services.

The company has at its disposal 4,000 specialist sub-contractors
with a wide range of skills in various aerospace service and
maintenance fields.  An established business with 5 permanent
employees and 11 years of trading experience, the group
generates annual turnover of more than GBP2.6 million from over
26 major clients.

The group has existing rolling contracts with many large clients
including Aermacchi, BWM/Rolls Royce, Learjet, KLM and Fokker
ELMO.

CONTACT:  BDO STOY HAYWARD
          Prospect Place,
          85 Great North Road
          Hatfield AL9 5BS
          Phone: 01707 255888
          Fax: 01707 255890
          E-mail: hatfield@bdo.co.uk
          Web site: http://www.bdostoyhayward.co.uk

          Leo Sykes/Rob Davies
          Phone: 01707 255930/255891
          Fax: 01707 255889
          E-mail: leo.skyes@bdo.co.uk
                  rob.davies@bdo.co.uk


ALLIED DOMECQ: Fitch Withdraws Ratings as Takeover Nears
--------------------------------------------------------
Fitch Ratings has affirmed its ratings of Allied Domecq plc at
Senior Unsecured 'BB+' and Short-term 'B' and removed them from
Rating Watch Evolving.  The ratings have been simultaneously
withdrawn.

Fitch understands that all relevant anti-trust authorities have
now given their go-ahead to the acquisition of Allied Domecq by
the French drinks company Pernod Ricard.  There will be no
formal requirement for its new owner to give detailed
information on its 100%-owned subsidiary.  Consequently, there
will be little publicly available information to maintain this
rating for Allied Domecq creditors.

The ratings were placed Rating Watch Evolving on 22 April 2005
following the announcement of the acquisition.

CONTACT:  FITCH RATINGS
          Frederic Gits, Paris
          Phone: +33 (1) 44 29 91 34
          Jonathan Pitkanen, London
          Phone: +44 (0)20 7417 4201
          Web site: http://www.fitchratings.com

          Media Relations
          Alex Clelland, London
          Phone: +44 20 7862 4084


ARTIC RECRUITMENT: Falls into Liquidation
-----------------------------------------
At an Extraordinary General Meeting of recruitment consultancy
firm Artic Recruitment Limited, duly convened, and held at
Sanderling House, 1071 Warwick Road, Acocks Green, Birmingham
B27 6QT, on Tuesday 12 July 2005, the following Extraordinary
Resolutions were duly passed:

"That it has been proved to the satisfaction of the Meeting that
the Company cannot, by reason of its liabilities, continue its
business, and that it is advisable that the same should be wound
up voluntarily, and that the Company be wound up accordingly,
and that Andrew Fender, of Sanderlings LLP, Sanderling House,
1071 Warwick Road, Acocks Green, Birmingham B27 6QT, be and is
hereby nominated Liquidator for the purpose of said winding-up."

C Jones, Chairman


ASTRA AIR: Members Opt for Liquidation
--------------------------------------
Notice is hereby given that an Extraordinary General Meeting of
the Members of Astra Air Conditioning Services Limited, duly
convened, and held at the offices of McCabe Ford Williams, Bank
Chambers, 1 Central Avenue, Sittingbourne, Kent ME10 4AE, on 30
June 2005, adjourned to 13 July 2005, the following Resolutions
were duly passed as an Extraordinary Resolution and as an
Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Amanda Janice Ireland and Peter Roderick Frowde, of Bank
Chambers, 1 Central Avenue, Sittingbourne ME10 4AE, be and
hereby are appointed Joint Liquidators of the Company for the
purpose of the voluntary winding-up."

At a subsequent Meeting of Creditors held on the same day and at
the same place, the appointment of the said Amanda Janice
Ireland and Peter Roderick Frowde as Joint Liquidators of the
Company was duly confirmed.

M Francis Thompsett, Chairman

CONTACT:  MCCABE FORD WILLIAMS
          Bank Chambers,
          1 Central Avenue,
          Sittingbourne, Kent ME10 4AE
          Phone: (01795) 479111
          Fax: (01795) 428810
          E-mail: sittingbourne@mfw.co.uk
          Web site: http://www.mfw.co.uk


ATA WINDOWS: Members Decide to Liquidate Firm
---------------------------------------------
At an Extraordinary General Meeting of the Members of ATA
Windows Limited, duly convened, and held at Best Western,
Tiverton Hotel, Blundells Road, Tiverton, Devon EX16 4DB, on 7
July 2005, the following Resolutions were duly passed as an
Extraordinary Resolution and as an Ordinary Resolution
respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Philip Simons, be and he is hereby appointed Liquidator for the
purposes of such winding-up."

M Bater, Director

                            *   *   *

ATA Windows supplies double glaze windows.


AUTOTECH SOLUTIONS: Members Pass Winding-up Resolution
------------------------------------------------------
At an Extraordinary General Meeting of the Members of Autotech
Solutions Limited, duly convened, and held at 6-7 Duke Street,
Cardiff, on 12 July 2005, the following Extraordinary Resolution
was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Alun Evans, of Bevan & Buckland, 45 High Street, Haverfordwest
SA61 2BP, be and is hereby nominated Liquidator for the purpose
of the winding-up."

K Sargeant, Chairman

CONTACT: BEVAN AND BUCKLAND
         45 High Street
         Haverfordwest
         Pembrokeshire SA61 2BP
         Phone: 01437 760666
         Fax: 01437 760078
         E-mail: alun@bevanbuckland.co.uk


BAE SYSTEMS: US$1.5 Billion Notes Rated 'BBB'
---------------------------------------------
Standard & Poor's Ratings Services assigned its 'BBB' rating to
US$1.5 billion of notes to be issued in three tranches by BAE
Systems Holdings Inc., guaranteed by BAE Systems PLC.

At the same time, Standard & Poor's affirmed its ratings,
including the 'BBB/A-3' corporate credit ratings, on
Farnborough, U.K.-based BAE Systems PLC.  The outlook is
negative.  About GBP3 billion of debt is outstanding.

The three tranches are expected to be of similar size in three,
five, and 10-year maturities.  The proceeds will be used to
repay drawings on the firm's US$3 billion acquisition credit
facility that were used to partially finance the recently
completed acquisition of U.S.-based United Defense Industries
Inc.  The notes are offered under Rule 144A with registration
rights.

"The ratings on BAE Systems are based on its strong competitive
positions in the global defense market, an industry with
generally favorable credit characteristics, offset by modest,
albeit improving, profitability and a sizable pension deficit,"
said Standard & Poor's credit analyst Roman Szuper.  "The
ratings also incorporate expectations that the company will
restore its credit protection measures by reducing debt
materially following United Defense purchase."  

Funds from operations to debt, an important credit protection
measure, adjusted for pension liabilities, operating leases, and
excess cash, is expected to strengthen to 20%-25% in the
intermediate term.

BAE Systems is a major supplier of military aircraft, defense
electronics, submarines and surface combatants for the Royal
Navy, support services, information technology, and
aerostructures.  The firm's portfolio is diverse and includes a
number of high-priority programs.  The addition of United
Defense enhanced BAE Systems' role in the attractive U.S.
defense sector and created one of the leading suppliers of land
combat vehicles and armaments.  On Dec. 31, 2004, group
contractual backlog of GBP50 billion was substantial, equaling
several times annual revenues.

International defense outlays for procurement and R&D are
expected to have modest growth prospects over the next few
years, with the best opportunities in the U.S., the world's
largest market.  BAE Systems' operations in North America have
expanded significantly since mid-2000 through acquisitions and
internal growth.  The October 2001 award of the important U.S.
Joint Strike Fighter (F-35) development contract to a team on
which BAE Systems participates further bolstered its long-term
growth prospects.  The company also participates in several
joint ventures and owns 20% of Airbus SAS, one of two dominant
manufacturers of commercial airplanes.

Failure to meet current expectations, including debt reduction,
or additional debt-financed acquisitions could lead to a
downgrade of the long-term corporate credit rating.  The outlook
could be revised to stable (with accompanying upgrade of the
short-term corporate credit rating), if the financial profile is
restored, aided by strong competitive positions, improvements in
operations, and an expected moderate financial policy.

Complete ratings information is available to subscribers of
RatingsDirect at http://www.ratingsdirect.com. All ratings  
affected by this rating action can be found on Standard & Poor's
at http://www.standardandpoors.com.  


BELL DAVIES: Hires Vantis Business Recovery Liquidator
------------------------------------------------------
At the extraordinary general meeting of Bell Davies Trading
Limited on July 12, 2005 held at Brettenham House, Lancaster
Place, London WC2E 7EN, the special and ordinary resolutions to
wind up the company were passed.  Mark Newman of Vantis Business
Recovery, Judd House, 16 East Street, Tonbridge, Kent TN9 1HG
has been appointed liquidator of the company.

J. Carlin, Chairman

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


B H L ROLLS: Names BDO Stoy Hayward Administrator
-------------------------------------------------
Name of company: B H L ROLLS MANUFACTURING LIMITED
                 (Company No 03140636)

Nature of Business: Manufacture of Iron and Steel

Trade Classification: 6

Date of Appointment: July 11, 2005

Joint Administrators' Name and Address: David Harry Gilbert,
Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376,
8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street,
London W1U 3LL

CONTACT:  B H L ROLLS MANUFACTURING LTD
          Llewellyn's Quay
          The Docks
          Port Talbot SA13 1RE
          Phone: 01639 884878

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


BIBRA INTERNATIONAL: Names Liquidators from Mazars
--------------------------------------------------
At an Extraordinary General Meeting of clinical trial and
research company Bibra International Limited, convened, and held
at Surrey National Golf Club, Rook Lane, Chaldon, Surrey CR3
5AA, on 7 July 2005, at 10:00 a.m., the following Resolutions
were duly passed as an Extraordinary Resolution and as an
Ordinary Resolution respectively:

"That it has been proved to the satisfaction of the Meeting that
the Company cannot, by reason of its liabilities, continue its
business, and that the Company be wound up voluntarily, and that
Lucinda Ann Field and Timothy Colin Hamilton Ball, of Mazars
LLP, of 37 Frederick Place, Brighton BN1 4EA, be appointed as
Joint Liquidators of the Company for the purposes of the
voluntary winding-up."

A N Aspin, Chairman


BIRCHILLS COMMUNITY: In Voluntary Liquidation
---------------------------------------------
At an Extraordinary General Meeting of the Members of Birchills
Community Association Limited, duly convened, and held at
Heathcote House, 136 Hagley Road, Edgbaston, Birmingham B16 9PN,
on 14 July 2005, the following Resolutions were duly passed as
an Extraordinary Resolution and as an Ordinary Resolution
respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Gerald Frederick Davis be and he is hereby appointed Liquidator
for the purposes of such winding-up."

N Crutchley, Chairman-Director

                            *   *   *

Creditors of the company are required, on or before 14 September
2005, to send in their full forenames and surnames, their
addresses and descriptions, full particulars of their debts or
claims, and the names and addresses of their Solicitors (if
any), to the undersigned, Gerald Frederick Davis, of Heathcote
House, 136 Hagley Road, Edgbaston, Birmingham B16 9PN, the
Liquidator of the said Company, and, if so required by notice in
writing from the said Liquidator, are, personally or by their
Solicitors, to come in and prove their debts or claims at such
time and place as shall be specified in such notice, or in
default thereof they will be excluded from the benefit of any
distribution.


BLIND TIGER: Hires Administrators from Mazars
---------------------------------------------
Name of company: BLIND TIGER LIMITED
                 (Company No 04372915)

Nature of Business: Pubs/Bars

Address of Registered Office: Cartwright House, Tottle Road,
Nottingham NG2 1RT

Trade Classification: 48-Licensed Premises

Date of Appointment: July 12, 2005

Administrators' Names and Address: Philip Michael Lyon and
Alistair Steven Wood (IP Nos 002108 and 007929), both of Mazars,
Cartwright House, Tottle Road, Nottingham NG2 1RT

CONTACT:  BLIND TIGER LIMITED
          16-18 Pembroke Place
          Liverpool
          Lancashire L3 5PX

          MAZARS LLP
          Cartwright House,
          Tottle Road,
          Nottingham NG2 1RT
          Web site: http://www.mazars.co.uk  


BLUVEN LIMITED: Winding-up Resolutions Passed at EGM
----------------------------------------------------
At an Extraordinary General Meeting of Bluven Limited, duly
convened, and held at 32 Brook Street, Warwick CV34 4BL, on 8
July 2005, the following Resolutions were duly passed as an
Extraordinary Resolution and as an Ordinary Resolution
respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly the Company be wound up voluntarily, and that Duncan
Roderick Morris, of The Till Morris Partnership, 32 Brook
Street, Warwick CV34 4BL, be and he is hereby appointed
Liquidator for the purposes of such winding-up."

T C Phillips, Chairman

CONTACT:  THE TILL MORRIS PARTNERSHIP
          32 Brook Street
          Warwick
          Warwickshire CV34 4BL
          Phone: 01926 497 722
          Fax: 01926 497 733
          E-mail: duncan.morris@tillmorris.co.uk  


BMS FASHIONS: Calls in Liquidator
---------------------------------
At an Extraordinary General Meeting of BMS Fashions Limited,
duly convened, and held at the offices of Elwell Watchorn &
Saxton LLP, 109 Swan Street, Sileby, Leicestershire LE12 7NN, on
14 July 2005, the subjoined Extraordinary Resolution was duly
passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Richard John Elwell, of Elwell Watchorn & Saxton LLP, 109 Swan
Street, Sileby, Leicestershire LE12 7NN, be and is hereby
appointed Liquidator for the purposes of such winding-up."

P S Ghuman, Director

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


BURWOOD AUTOMOTIVE: Members Decide to Liquidate Firm
----------------------------------------------------
At an Extraordinary General Meeting of the Members of Burwood
Automotive Limited, duly convened, and held at 3-5 Rickmansworth
Road, Watford, Hertfordshire WD18 0GX, on 8 July 2005, the
following Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Steven Draine and David Rolph be and are hereby appointed Joint
Liquidators for the purposes of such winding-up."

R Burnett, Director

                            *   *   *

Creditors of the company are required on or before 31 August
2005, to send in their full forenames and surnames, their
addresses and descriptions, full particulars of their debts or
claims, and the names and addresses of their Solicitors (if
any), to the undersigned, Steven Draine, of 3-5 Rickmansworth
Road, Watford, Hertfordshire WD18 0GX, the Joint Liquidator of
the said Company, and, if so required by notice in writing from
the said Joint Liquidator, are, personally or by their
Solicitors, to come in and prove their debts or claims at such
time and place as shall be specified in such notice, or in
default thereof they will be excluded from the benefit of any
distribution.

S Draine, Joint Liquidator

CONTACT:  MOORE STEPHENS
          3/5 Rickmansworth Road
          Watford
          Hertfordshire WD18 0GX
          Phone: 01923 236622
          Fax: 01923 245660
          E-mail: steve.draine@moorestephens.com


CANHAM & STANLEY: Debt Claims Deadline Set September
----------------------------------------------------
At the extraordinary general meeting of Canham & Stanley Limited
on July 14, 2005 held at Ruthlyn House, 80 Lincoln Road,
Peterborough PE1 2SP, the subjoined extraordinary resolution to
wind up the company was passed.  Graham Stuart Wolloff and David
John Watchorn of Elwell Watchorn & Saxton LLP, 2 Axon, Commerce
Road, Peterborough PE2 6LR have been appointed liquidators of
the company.

Creditors are required to send their names and addresses and
particulars of their debts or claims and the names and addresses
of their Solicitors (if any) to Graham Stuart Wolloff and David
John Watchorn of Elwell Watchorn & Saxon LLP, 2 Axon, Commerce
Road, Peterborough PE2 6LR on or before Sept. 14, 2005.

                            *   *   *

The company is into poultry farming.

CONTACT:  CANHAM & STANLEY LIMITED
          99 Elton Road, Wansford,
          Peterborough, Cambridgeshire PE8 6JS
          Phone: 01780782481

          ELWELL WATCHORN & SAXTON
          2 Axon, Commerce Road,
          Lynchwood, Peterborough PE2 6LR
          Phone: (+44) 01733 235253
          Fax: (+44) 01733 236391
          E-mail: office@ews-insolvency.co.uk
          Web site: http://www.ews-insolvency.co.uk


C H GLAZING: To Hold Creditors Meeting September
------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

               IN THE MATTER OF C H Glazing Limited
                         (In Liquidation)

Notice is hereby given pursuant to Article 124 of the Insolvency
(Northern Ireland) Order 1989, that a Final General Meeting of
the Creditors of C H Glazing Limited will be held at the offices
of Arthur Boyd & Company, Franklin House, 12 Brunswick Street,
Belfast, BT2 7GE on September 20, 2005 at 12:00 noon, for the
purpose of:

(a) Receiving the Liquidator's Report on the Winding-up; and

(b) To determine whether the Liquidator should have his release
    under Article 148 of the Order.

A Creditor entitled to attend and vote at the meeting may
appoint a proxy to attend and vote in his place.  It is not
necessary for the proxy to be a Creditor.  Proxies must be
lodged at the offices of Arthur Boyd & Company, Franklin House,
12 Brunswick Street, Belfast, BT2 7GE no later than 12:00 noon
on September 19, 2005.

Arthur Boyd, Liquidator

CONTACT:  ARTHUR BOYD & COMPANY
          3rd Floor, Franklin House
          12 Brunswick Street
          Belfast BT2 7GE
          Phone: +44 (0)28 9032 9255
          Fax: +44 (0)28 9032 8220
          E-mail: info@arthurboyd.co.uk
          Web site: http://www.arthurboyd.co.uk


CLEMENTS RIBEIRO: Fashion Designer to Liquidate
-----------------------------------------------
At an Extraordinary Meeting of the Members of ladies' fashion
designer and consultant Clements Ribeiro Limited, duly convened
and held at the offices of David Rubin & Partners, Pearl
Assurance House, 319 Ballards Lane, London N12 8LY, on 8 July
2005, the following Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind-up the same, and
accordingly that the Company be wound up voluntarily, and that
David Rubin, of David Rubin & Partners, Pearl Assurance House,
319 Ballards Lane, London N12 8LY, be and he is hereby nominated
Liquidator for the purposes of such winding-up."

S Clements, Chairman

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


COLLINS & AIKMAN: Satyam Demands Lease Decision
-----------------------------------------------
Satyam Venture Engineering Services Private Limited, a creditor
in Collins & Aikman Corporation and its debtor-affiliates'
chapter 11 case, asks the U.S. Bankruptcy Court for the Eastern
District of Michigan to compel the Debtors to assume or reject a
service Contract signed on Jan. 1, 2004.

Satyam provides product design, engineering, analysis and
CAD/CAM/CAE software customization services to the Debtors.  
Services provided are invoiced on a monthly basis, with payment
due 30 days from the receipt.

Prior to the Petition Date, the Debtors failed to pay Satyam
invoices that total US$882,259.  Thus, Satyam believes that the
Debtors were in default of the Contract for failure to make
payments.

The Debtors continue to request engineering services from
Satyam.  On average, Satyam has been providing services in
excess of US$250,000 for a 30-day period since January 2005.

                         Debtors Respond

The Debtors contend that Satyam has offered no compelling reason
to require them to assume or reject the Contract.  The Debtors
likely have thousands of executory contracts that they must
analyze to determine whether assumption or rejection is
appropriate.  Satyam's request is extraordinary, particularly
given the fact that the Debtors have been in bankruptcy only a
little over a month.

The Debtors point out that Satyam has the same protection every
other party that performs services for them has -- it is
entitled to an administrative expense claims for any benefit it
provides the estates.

Headquartered in Troy, Michigan, Collins & Aikman Corporation --
http://www.collinsaikman.com/-- is a global leader in cockpit  
modules and automotive floor and acoustic systems and is a
leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  

The Company has a workforce of approximately 23,000 and a
network of more than 100 technical centers, sales offices and
manufacturing sites in 17 countries throughout the world.  The
Company and its debtor-affiliates filed for chapter 11
protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-
55927).  When the Debtors filed for protection from their
creditors, they listed US$3,196,700,000 in total assets and
US$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy
News, Issue No. 7; Bankruptcy Creditors' Service, Inc., 215/945-
7000).


CORUS GROUP: Hires Danieli to Improve Scunthorpe Operations
-----------------------------------------------------------
As part of Corus Group plc's previously announced GBP130 million
investment at Scunthorpe steelworks, Corus has revealed a major
contract placement with Danieli to install a new bloom caster
and to develop the Rod Mill to accept direct-cast bloom
feedstock.

The new caster will produce 283x230-millimeter blooms in long
tubular moulds using a 12-meter radius and dynamic soft
reduction, which, combined with fast casting speeds, will
provide consistently high bloom internal and surface quality.
The blooms will directly feed the Rod Mill significantly
improving process chain efficiency and will also feed the Medium
Section Mill alongside the current bloom caster.

To accommodate the larger feedstock, Danieli will also be
installing a highly efficient, logic-controlled furnace in the
Rod Mill.  The new furnace will feed the blooms at a rate of 200
tonnes per hour into a new seven-stand breakdown mill positioned
prior to the stands of the existing Rod Mill.  In addition,
Danieli will relocate a furnace to the Medium Section Mill.

Andrew Page, Managing Director of Corus Construction and
Industrial, said: "Danieli has an excellent reputation for
innovative caster design and offered us the best technical
solution to meet our product requirements.  The enhancements
will deliver consistently high product quality and create a
shorter, more efficient process route.

"The benefits of the total investment will extend the scope of
the whole Scunthorpe operation, significantly improving the
Medium Section Mill's rolling capability by enabling the
introduction of rail manufacture to the site alongside
structural sections and by delivering a world class supply chain
for wire rod manufacture."

Franco Alzetta, Executive Vice President of Danieli, said: "We
are very excited to be working with Corus to implement industry
best practice techniques and to improve the flow and quality of
feedstock into their mills.  Removing the Rod Mill's
intermediate rolling and its associated reheating process will
reduce decarburization, enabling Corus to deliver a higher
volume of premium grade steels in an efficient way."

About Danieli

Danieli is one of the three major suppliers of equipment and
plants to the metals industry, worldwide.  Over 3,400 people
operate in the 17 product lines that cover the whole spectrum of
ironmaking and steelmaking plants, from ore to finished
products.  Main Group companies are located in Italy, Sweden,
Germany, U.S.A., U.K., Spain, France and The Netherlands.

                            *   *   *

Corus was created through the merger of British Steel plc and
Koninklijke Hoogovens N.V.  Headquartered in London, it is one
of the world's largest steel producers.  It suffered five years
ago from the crisis in British manufacturing, which prompted it
to shake up management, close plants, cut jobs, and sell assets
to lower debt.  Its debt was thought to stand at GBP1.6 billion
in 2002.

It planned to acquire Brazilian steel maker, Companhia
Siderurgica Nacional, and sell European aluminum plants, but
called the transactions off on market difficulties and
opposition from the Dutch management.

After posting net loss of GBP458 million in 2003, it embarked on
a restructuring program, signed new EUR1.2 billion banking
facility, and issued GBP307 million worth of shares.

It returned to operating profit in the first quarter in 2004.  
The recent recovery of steel prices and the strength of the euro
are expected to help it achieve relatively strong earnings.   

CONTACT:  CORUS GROUP PLC
          30 Millbank
          London SW1P 4WY
          United Kingdom
          Phone: +44-20-7717-4444
          Fax: +44-20-7717-4455
          Web site: http://www.corusgroup.com  

          Annanya Sarin
          Corporate Communications
          Phone: 020 7717 4532

          Simon Collins
          Local Media
          Phone: 01536 403 4801

          DANIELI
          Via Nazionale, 41
          33042 Buttrio (UD) Italy
          Phone: (39) 0432 59 81
          Fax: (39) 0432 59 8289
          E-mail: info@danieli.com
          Web site: http://www.danieli.com


COURTEZAN LIMITED: Clothing Company Falls into Liquidation
----------------------------------------------------------
At an Extraordinary Meeting of the Members of clothing retailer
Courtezan Limited, duly convened, and held at the offices of
David Rubin and Partners, 1st Floor, 26-28 Bedford Row, London
WC1R 4HE, on 13 July 2005, the following Extraordinary
Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Asher Miller, of David Rubin & Partners, 1st Floor, 26-28
Bedford Row, London WC1R 4HE, be and he is hereby appointed
Liquidator for the purposes of such winding-up."

P Raymond, Chairman


CONTACT:  DAVID RUBIN & PARTNERS
          26-28 Bedford Row, London WC1R 4HE
          E-mail: info@davidhornerandco.co.uk
          Web site: http://www.davidhornerandco.co.uk


CRAFTS PLUS: Members Decide to Wind-up Firm
-------------------------------------------
At an Extraordinary General Meeting of the Members of Crafts
Plus Limited, duly convened and held, at Regus, Fairbourne
Drive, Atterbury, Milton Keynes MK10 9RG, on 13 July 2005, the
following Resolutions were duly passed, as an Extraordinary
Resolution and as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Robert Day of Robert Day and Company, Garfield, Church Lane,
Oving, Aylesbury, Buckinghamshire HP22 4HL, be and he is hereby
appointed Liquidator of the Company for the purpose of the
voluntary winding-up."

At a subsequent Meeting of Creditors held on the same day
pursuant to section 98 of the Insolvency Act 1986, the
appointment of Robert Day as Liquidator of the Company was
confirmed by the Company's Creditors.

F D Maidment, Chairman


D & SMB: Calls in Liquidator from B & C Associates
--------------------------------------------------
At an Extraordinary General Meeting of the Members of D & SMB
U.K. Limited, duly convened, and held at Trafalgar House,
Grenville Place, London NW7 3SA, on 13 July 2005, the following
Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
Jeffrey Mark Brenner, of B & C Associates, Trafalgar House,
Grenville Place, Mill Hill, London NW7 3SA, is hereby appointed
Liquidator for the purposes of such winding-up."

A L Bullock, Director

                            *   *   *

D & SMB transports print machinery/freight.

CONTACT:  B & C ASSOCIATES
          Trafalgar House
          Grenville Place
          Mill Hill
          London NW7 3SA
          Phone: 0208 906 7730
          Fax: 0208 906 7731
          E-mail: filippa@bcassociates.uk.com


ETUDE CONSULTING: IT Consultant to Liquidate
--------------------------------------------
At an Extraordinary General Meeting of Etude Consulting Limited,
duly convened, and held at 76 New Cavendish Street, London W1G
9TB, on 12 July 2005, the following subjoined Extraordinary
Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot by reason of its liabilities continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Mark Levy, of Berley Chartered Accountants, 76 New Cavendish
Street, London W1G 9TB, be and is hereby appointed Liquidator
for the purpose of such winding-up."

At a subsequent Meeting of Creditors held on the same day, the
Members' nominee Liquidator (Mark Levy) was replaced by Laurence
Pagden of Benedict Mackenzie LLP, 62 Wilson Street, London EC2A
2BU.

R Mewies, Director
     
                            *   *   *

IT Consultant Etude is formerly Rana Limited (c/n 2 December
1997) and First IT Consultants Limited (c/n 24 June 2003).  

CONTACT:  BERLEY
          76 New Cavendish Street
          London W1M 7LB
          Phone: 020 7636 9094
          Fax: 020 7636 4115
          E-mail: mark.levy@berley.co.uk


EUROFIT FABRICATIONS: Appoints Poppleton & Appleby Liquidator
-------------------------------------------------------------
At an Extraordinary General Meeting of welding fabricator
Eurofit Fabrications Limited, duly convened, and held at 32 High
Street, Manchester M4 1QD, on 13 July 2005, the subjoined
Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
Stephen Lord and Stephen James Wainwright, of Poppleton &
Appleby, 32 High Street, Manchester M4 1QD, be and are hereby
appointed Liquidators for the purposes of such winding-up."

I Kelly, Director

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


FALCON SECURITY: In Liquidation
-------------------------------
At an Extraordinary General Meeting of Falcon Security
Management UK Limited, duly convened, and held at the Russell
Hotel, 136 Boxley Road, Penenden Heath, Maidstone, Kent ME14
2AE, on Tuesday 12 July 2005, the following Resolutions were
duly passed, as an Extraordinary Resolution and as an Ordinary
Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
Stephen John Tancock, of Smith & Williamson Limited, The Meeting
House, Little Mount Sion, Tunbridge Wells, Kent TN1 1YS, be and
he is hereby appointed Liquidator for the purposes of such
winding-up."

M J Hardy, Chairman


FARDRE HOLDINGS: Liquidators from PKF Move in
---------------------------------------------
At the extraordinary general meeting of Fardre Holdings Limited
(Company Number: 05443098) on July 4, 2005 held at Churchgate
House, 3 Church Road, Whitchurch, Cardiff CF14 2DX, the special
and ordinary resolutions to wind up the company were passed.  
Keith R. Morgan and Brian J. Hamblin of PKF (U.K.) LLP, 18 Park
Place, Cardiff CF10 3PB have been appointed joint liquidators of
the company.

Creditors are required to send in their full forenames and
surnames, their addresses and descriptions, full particulars of
their debts or claims, and the names and addresses of their
Solicitors (if any), to Keith R. Morgan of PKF (U.K.) LLP, 18
Park Place, Cardiff CF10 3PD on or before Aug. 31, 2005.

                            *   *   *

The holding company was previously named Key Let Holdings
Limited.

CONTACT:  PKF (U.K.) LLP
          18 Park Place,
          Cardiff CF10 3PB
          Web site: http://www.pkf.co.uk


FIREBIRD SUITE: In Liquidation
------------------------------
At an Extraordinary General Meeting of film editor The Firebird
Suite Limited, duly convened, and held at Holiday Inn, 1 Kings
Cross Road, London WC1X 9HX, on 7 July 2005, at 2:45 p.m., the
following Extraordinary Resolutions were duly passed:

"That it has been proved to the satisfaction of the Meeting that
this Company cannot, by reason of its liabilities, continue its
business, and that it is advisable to wind up the same, and that
the Company be wound up accordingly, that John Russell and
Christopher Michael White, of The P&A Partnership, 93 Queen
Street, Sheffield S1 1WF, insolvency practitioners duly
qualified under the Insolvency Act 1986, be and are hereby
appointed the Liquidators of the Company for the purposes of
such winding-up and any act required or authorized to be done by
the Liquidators is to be done by any one or more of the
Liquidators for the time being in office."

At a subsequent Meeting of Creditors, duly convened, and held
pursuant to sections 98, 99, 100 and 101 of the Insolvency Act
1986, the Resolutions for Voluntary Liquidation and the
appointment of John Russell and Christopher Michael White were
confirmed.

B Sage, Chairman

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


FKI PLC: U.S. Housing Slump Affects Hardware Unit
-------------------------------------------------
At the Annual General Meeting of engineering group FKI plc,
Chairman Gordon Page said: "The trading performance of the Group
is little changed since the Preliminary Results announcement on
9 June 2005 and expectations for an improved underlying
performance in the current year remain unaltered.

"In Lifting Products and Services, lower demand for construction
product has been offset by continued strong demand from oil and
gas sector customers.  The Hardware group has seen some
indications of the predicted slowdown in U.S. housing starts,
but the group's margin performance remains robust.  Trading in
FKI Logistex and Energy Technology is in line with expectations,
with order profiles weighted towards the second half.

"Since the Preliminary Results announcement, the sale of the
DeWind business has been concluded.  While the overall financial
impact will be contained within prior guidance, the sale will
bring forward the cash outflow resulting from the withdrawal
from this business.  Importantly, the accelerated exit will
allow FKI senior management to focus on continuing activities."

                            *   *   *

In June, the company reported full-year loss after tax amounted
to GBP79.9 million (2004 restated: loss of GBP20.9 million) and
basic loss per share was 13.7 pence (2004 restated: basic loss
per share 3.6 pence).  Adjusted earnings per share, calculated
by excluding exceptional items and goodwill amortization, were
9.0 pence (2004 restated: 8.6 pence).

Net debt at 31 March 2005 of GBP350.7 million represented a
decrease of GBP26.4 million from 30 September 2004 but a
marginal increase of GBP1.6 million from 31 March 2004.

Cash flow was negatively impacted by approximately GBP15.0
million due to the effect of higher steel prices resulting in an
increase in working capital, the cash outflow of the wind
turbine business of GBP25.0 million and GBP12.2 million spent on
closure costs previously identified in the 2004 Strategic
Review.

CONTACT:  FKI PLC
          Falcon Works
          P.O. Box 7713
          Meadow Lane
          Loughborough
          Leicestershire LE11 1ZF
          Phone: +44 (0) 20 7832 0000
          Fax: +44 (0) 20 7832 0001
          Web site: http://www.fki.co.uk  

          Simon Webber
          Business Development Director
          Phone: 020 7832 0000

          James Olley
          Brunswick
          Phone: 020 7404 5959


FLOE TELECOM: Probe on Complaint Against Vodafone to Go Ahead
-------------------------------------------------------------
The Competition Appeal Tribunal has refused the request of OFCOM
and the Office of Fair Trading to appeal its May 5 order to
complete an investigation into the complaint by Floe Telecom
against Vodafone.

Floe Telecom went into administration last year following
Ofcom's rejection of its complaint against Vodafone.  The
complaint concerned the disconnection by Vodafone of Floe's "GSM
gateways", devices allowing calls to mobile networks to be made
at the rate for calls within the same mobile network, rather
than the much higher rate for calls from fixed to mobile phones,
Floe's representative, Taylor Wessing, said on its web site.

Floe appealed Ofcom's ruling.  The Tribunal upheld Floe
Telecom's appeal and in December ordered Ofcom to complete its
investigation into the complaint by Floe Telecom against
Vodafone within five months.  Ofcom disputed the order, arguing
that the Tribunal had no power to set the timetable for its
investigations.  The Tribunal on May 5 rejected Ofcom's
arguments.

In the landmark ruling, the Tribunal confirmed that it has the
power to set a timetable for competition authorities and
regulators to re-investigate cases sent back to them, and the
power to make other directions about the conduct of their
investigation, according to Taylor Wessing.

The case -- Floe Telecom Limited (in administration) v. Office
of Communications (No. 1024/2/3/04) -- was brought before
tribunals Marion Simmons QC, Michael Davey, Sheila Hewitt.  
Edward Mercer of Taylor Wessing represents the Appellant.  Peter
Roth QC and Gerry Facenna (instructed by Polly Weitzman
(Director of Competition Law and Head of Legal) Office of
Communications) represent the Respondent.  Stephen Wisking (of
Herbert Smith) represents the First Intervener, Vodafone
Limited.  Jon Turner (instructed by the Solicitor to the Office
of Fair Trading) represents the potential appellant, the Office
of Fair Trading.

The order of the Tribunal is available free of charge at
http://bankrupt.com/misc/FloeAppealRefusal.pdf.

CONTACT:  TAYLOR WESSING
          Web site: http://www.taylorwessing.com
          Contact:
          Dina Shoukry
          Phone: 020 7300 4930
          E-mail d.shoukry@taylorwessing.com


GROVENOR GREEN: Property Developer Liquidates
---------------------------------------------
At an Extraordinary General Meeting of the Members of Grovenor
Green Properties Limited, duly convened, and held at the offices
of Sale Smith & Co Limited, Carmella House, 3 & 4 Grove Terrace,
Walsall, West Midlands WS1 2NE, on Monday 11 July 2005, at 10:30
a.m., the following Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Eileen T F Sale, of Sale Smith & Co Limited, Carmella House, 3 &
4 Grove Terrace, Walsall, West Midlands WS1 2NE, be and is
hereby appointed Liquidator for the purpose of such winding-up."

Chairman

CONTACT:  SALE SMITH & CO. LIMITED
          Carmella House,
          3 & 4 Grove Terrace,
          Walsall, West Midlands WS1 2NE
          Phone: 01922 624777
          Fax: 01922 720528
          E-mail: etfs@salesmith.demon.co.uk  


HAMLIN DEVELOPMENTS: Members Decide to Wind up Firm
---------------------------------------------------
At the extraordinary general meeting of the members of Hamlin
Developments Limited on July 14, 2005 held at PKF (U.K.) LLP,
Sovereign House, Queen Street, Manchester M2 5HR, the special
and ordinary resolutions to wind up the company were passed.  
Jonathan D. Newell and Kerry Bailey of the firm of PKF (U.K.)
LLP, Accountants and Business Advisors have been appointed joint
liquidator of the company.

J. S. Martin, Director

                            *   *   *

The company develops real estate properties.

CONTACT:  PKF (U.K.) LLP
          Sovereign House,
          Queen Street, Manchester M2 5HR
          Phone: 0161 8325481
          Fax:   0161 8323849
          E-mail: info.manchester@uk.pkf.com
          Web site: http://www.pkf.co.uk


H C LORIE: Textile Wholesaler Calls in Administrator
----------------------------------------------------
Name of company: H C LORIE (AGENCIES) LIMITED
                 (Company No 01289129)

Nature of Business: Wholesale of Textiles

Trade Classification: 13

Date of Appointment: July 13, 2005

Administrators' Names and Address: Michael Chamberlain and
Andrew Wilkinson (IP Nos 8735 and 9344), both of Chamberlain &
Co, Aireside House, 24-26 Aire Street, Leeds LS1 4HT

CONTACT:  H C LORIE (AGENCIES) LIMITED
          Blemann House 54 Wellington Street
          Leeds West Yorkshire LS1 2EE
          Phone: (0113 245 4107)

          CHAMBERLAIN & CO
          Aireside House
          24/26 Aire Street
          Leeds
          West Yorkshire LS1 4HT
          Phone: 0113 242 0808
          Fax: 0113 242 0866
          E-mail: mail@chamberlain-co.co.uk  


INDUSTRIAL FINISHERS: Members Pass Winding-up Resolution
--------------------------------------------------------
At the extraordinary general meeting of the members of
Industrial Finishers (Watford) Limited on July 8, 2005 held at
Baker Tilly, 1st Floor, 46 Clarendon Road, Watford,
Hertfordshire WD17 1JJ, the special resolution to wind up the
company was passed.  Mark John Wilson and Tracey Elizabeth
Callaghan both of Baker Tilly, 1st Floor, 46 Clarendon Road,
Watford, Hertfordshire WD17 1JJ have been appointed joint
liquidators of the company.

Creditors are required to send in their names and addresses,
with particulars of their debts or claims, to Mark John Wilson
of Baker Tilly, 1st Floor, 46 Clarendon Road, Watford,
Hertfordshire WD17 1JJ on or before Aug. 17, 2005.

                            *   *   *    

The company is a privately owned business established in 1948.  
Its clients are Racal Group, Kodak, Components and Linkage Group
and the Davies Group.  It has 20 employees.  Visit
http://www.industrial-finishers.comfor more information.

CONTACT:  INDUSTRIAL FINISHERS (WATFORD) LTD  
          6 Greenhill Cresent
          Watford Business Park
          Watford
          Hertfordshire WD1 8RF
          Phone: 01923 225 388  
          Fax: 01923 227 943  
          E-mail: info@industrial-finishers.com

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


INNER CIRCLE: Appoints Liquidator
---------------------------------
At an Extraordinary General Meeting of the Members of IT company
Inner Circle Solutions Limited (formerly Inner Circle Services
Limited), duly convened, and held at Gable House, 239 Regents
Park Road, Finchley, London N3 3LF, on 8 June 2005, the
following Resolutions were duly passed, as an Extraordinary
Resolution and as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that M
S E Solomons, be and he is hereby appointed Liquidator for the
purposes of such winding-up."

J Potts, Director

CONTACT:  SPW POPPLETON & APPLEBY
          Gable House
          239 Regents Park Road
          London N3 3LF
          Phone: 020 8371 5000
          Fax: 020 8346 8588
          E-mail: mike@spwca.com


INTERFOCUS TECHNOLOGY: Calls in Joint Liquidators
-------------------------------------------------
At an Extraordinary General Meeting of the Members of Interfocus
Technology Limited, duly convened, and held at 45 Hazelton
Avenue, Toronto, Ontario, Canada M5R 2ES, on 14 July 2005, the
following Resolutions were duly passed, as an Extraordinary
Resolution and as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
John Alfred George Alexander and Melvyn Julian Carter, of Carter
Backer Winter, Enterprise House, 21 Buckle Street, London E1
8NN, be and are hereby appointed Joint Liquidators of the
Company for the purpose of the voluntary winding-up, the
Liquidators are to act jointly and severally."

G Gibson, Director

                            *   *   *

A Meeting of the Creditors of the Company will be held at
Enterprise House, 21 Buckle Street, London E1 8NN, on 22 July
2005, at 1:00 p.m., for the purpose mentioned in sections 100
and 101 of the said Act, that is, the nomination of a Liquidator
and the appointment of a Liquidation Committee.  Matters to be
considered by the Meeting may also include Resolutions to fix
the Liquidator's remuneration and agree the costs of convening
the Meeting.

Creditors wishing to vote at the Meeting must lodge their proxy,
accompanied by a full statement of account, at the registered
office of the Company situated at Enterprise House, 21 Buckle
Street, London E1 8NN, not later than 12:00 noon on the full
working day immediately preceding that of the Meeting.  For the
purposes of voting, a secured Creditor is required (unless he
surrenders his security) to lodge at Enterprise House, 21 Buckle
Street, London E1 8NN, before the Meeting, a statement giving
particulars of his security, the date when it was given and the
value at which it is assessed.

Notice is also given, pursuant to section 98(2)(a) of the
Insolvency Act 1986, that John Alfred George Alexander and
Melvyn Julian Carter, of Carter Backer Winter, Enterprise House,
21 Buckle Street, London E1 8NN, are qualified to act as
Insolvency Practitioners in relation to the above Company.  John
Alfred George Alexander and Melvyn Julian Carter will make
available for inspection a list of the names and addresses of
the Company's Creditors, free of charge, at the offices of
Carter Backer Winter, Enterprise House, 21 Buckle Street, London
E1 8NN, between 10:00 a.m. and 4:00 p.m. on the two business
days preceding the date of the Meeting stated above.

By Order of the Board

CONTACT:  CARTER BACKER WINTER
          Enterprise House, 21 Buckle Street,
          London E1 8NN
          Phone: + 44 (0) 20 7309 3800
          Fax:   + 44 (0) 20 7309 3801
          E-mail: info@cbw.co.uk
          Web site: http://www.cbw.co.uk


INVENTIONS DIRECT: Members Pass Winding-up Resolution
-----------------------------------------------------
At an Extraordinary General Meeting of the Members of Inventions
Direct Limited, duly convened, and held at 2 Mountview Court,
310 Friern Barnet Lane, Whetstone, London N20 0YZ, on 8 July
2005, at 11:45 a.m., the following Extraordinary Resolution was
duly passed:

"That the Company cannot by reason of its liabilities, continue
its business, and it is advisable to wind up the Company, and
accordingly that the Company be wound up voluntarily and that
Freddy Khalastchi, of Harris Lipman, 2 Mountview Court, 310
Friern Barnet Lane, Whetstone, London N20 0YZ, an Insolvency
Practitioner, licensed by the Institute of Chartered Accountants
in England and Wales, is hereby appointed as Liquidator of the
Company for the purposes of the voluntary winding-up."

At a subsequent Meeting of Creditors held at the same place on
the same day the voluntary liquidation was confirmed by the
Creditors and the appointment of Freddy Khalastchi, of Harris
Lipman, 2 Mountview Court, 310 Friern Barnet Lane, Whetstone,
London N20 0YZ, as Liquidator was ratified.

G A Limpkin, Chairman

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


JEMR LIMITED: Hires Liquidators from PKF
----------------------------------------
At the extraordinary general meeting of the members of JEMR
Limited on July 11, 2005 held at 141 King Street, Great
Yarmouth, Norfolk NR30 2PQ, the special resolutions to wind up
the company were passed.  David Merrygold and Philip Long of the
firm of PKF (U.K.) LLP have been appointed joint liquidators of
the company.

Creditors are required to send in their full forenames and
surnames, their addresses and descriptions, full particulars of
their debts or claims, and the names and addresses of their
Solicitors (if any), to David Merrygold, of 16 The Havens,
Ransomes, Europark, Ipswich, Suffolk IP3 9SJ on or before Aug.
31, 2005.

                            *   *   *

The company is an independent advisor.  It was previously named
John Critoph Limited, John Critoph (Life Pensions & Mortgages)
Limited, John Critoph (Life Pensions & Mortgage) Brokers
Limited, John Critoph & Co Limited and Druro Fording Limited.

CONTACT:  PKF (U.K.) LLP
          Farringdon Place,
          20 Farringdon Road, London EC1M 3AP
          Phone: 020 7065 0000
          Fax:   020 7065 0650
          E-mail: info.london@uk.pkf.com
          Web site: http://www.pkf.co.uk


KESSITEX (FABRIC PRINTERS): Hires Liquidator from Cooper Parry
--------------------------------------------------------------
At the extraordinary general meeting of the members of Kessitex
(Fabric Printers) Ltd on July 5, 2005 held at 3 Centro Place,
Pride Park, Derby DE24 8RF, the special resolution to wind up
the company was passed.  Tyrone Shaun Courtman and Jeremy Philip
William Meadows of Cooper Parry LLP, The Crescent, King Street,
Leicester LE1 6RX have been appointed joint liquidators of the
company.

Creditors are required to send their names and addresses, with
particulars of their debts or claims, and the name and addresses
of their Solicitors (if any), to Tyrone Shaun Courtman and
Jeremy Philip William Meadows, of Cooper Parry LLP, The
Crescent, King Street, Leicester LE1 6RX on or before Aug. 8,
2005.

CONTACT:  COOPER PARRY LLP
          The Crescent, King Street,
          Leicester LE1 6RX
          Web site: http://www.cooperparry.com


KOKO YORK: Creditors to Meet August  
-----------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

          IN THE MATTER OF Koko York Fashions Limited

A Final Meeting of the Creditors of Koko York Fashions Limited
has been summoned by the Liquidator, under section 146 of the
Insolvency Act 1986, for the purposes of considering these
Resolutions:

(a) To accept the Liquidator's final report on the
    administration of the Liquidation to date; and

(b) The Liquidator should be granted his release from office
    under section 174 of the Insolvency Act 1986.

The Meeting will be held at HKM LLP, 73-75 Aston Road North,
Waterlinks, Birmingham B6 4DA, on August 12, 2005, at 11:00 a.m.
A proxy form must be lodged with me not later than 12:00 noon on
the day prior to the Meeting to entitle you to vote at the
Meeting, together with a proof of debt form if you have not
already lodged one.

K. Mistry, Joint Liquidator
July 5, 2005

CONTACT:  HKM LLP
          73-75 Aston Road North
          Birmingham B6 4DA
          Phone: +44(0) 121 333 7300
          Fax: +44(0) 121 333 7301
          Web site: http://www.hkm.co.uk


KRAM INTERNATIONAL: Members Opt for Liquidation
-----------------------------------------------
At an Extraordinary General Meeting of the Members of haulage
contractor Kram International Transport Limited, duly convened,
and held at the offices of Sale Smith & Co., Carmella House, 3 &
4 Grove Terrace, Walsall, West Midlands WS1 2NE, on Tuesday 28
June 2005, at 10:30 a.m., the following Extraordinary Resolution
was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Eileen T F Sale, of Sale Smith & Co., Carmella House, 3 & 4
Grove Terrace, Walsall, West Midlands WS1 2NE, be and is hereby
appointed Liquidator for the purpose of such winding-up."

S J Baillie, Chairman

CONTACT:  SALE SMITH & CO.
          Carmella House,
          3 & 4 Grove Terrace,
          Walsall, West Midlands WS1 2NE
          Phone: 01922 624777
          Fax: 01922 720528
          E-mail: etfs@salesmith.demon.co.uk  


LANCING NAVAL: Administrator from Numerica Moves in
---------------------------------------------------
Name of company: THE LANCING NAVAL OLD COMRADES CLUB LIMITED
                 (Company No 01297812)

Nature of Business: Club

Trade Classification: 48

Date of Appointment: July 8, 2005

Joint Administrator's Name and Address: Colin Ian Vickers (IP No
008953), 4th Floor, Southfield House, 11 Liverpool Gardens,
Worthing, West Sussex BN11 1RY

CONTACT:  NUMERICA
          4th Floor, Southfield House,
          11 Liverpool Gardens, Worthing, West Sussex
          Phone: 01903 222500
          Fax:   01903 207009
          Web site: http://www.numerica.biz


LASER CARE: Stationery Supplier to Liquidate
--------------------------------------------
At an Extraordinary General Meeting of the Members of Laser Care
Limited, duly convened, and held at Regus, Fairbourne Drive,
Atterbury, Milton Keynes MK10 9RG, on 13 July 2005, the
following Resolutions were duly passed, as an Extraordinary
Resolution and as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Robert Day, of Robert Day and Company, Garfield, Church Lane,
Oving, Aylesbury, Buckinghamshire HP22 4HL, be and is hereby
appointed Liquidator of the Company for the purpose of the
voluntary winding-up."

F D Maidment, Chairman


MARKEY SITE: Winding-up Report Out Next Month
---------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

          IN THE MATTER OF Markey Site Services Limited

Notice is hereby given that the Final Meeting of Creditors of
Markey Site Services Limited will be held at the offices of
Grant Thornton U.K. LLP, 31 Carlton Crescent, Southampton SO14
2EW, on August 19, 2005, at 10:30 a.m. to receive the
Liquidator's report of the winding-up and to determine whether
the Liquidator should have his release.  A Creditor entitled to
attend and vote at the Meeting may appoint a proxy to attend and
vote in his place.  Proxy forms must be returned to the offices
of Grant Thornton U.K. LLP, 31 Carlton Crescent, Southampton
SO15 2EW, by no later than 12:00 noon on August 18, 2005.

K. Mawer, Liquidator
July 13, 2005

CONTACT:  GRANT THORNTON U.K. LLP
          31 Carlton Crescent
          Southampton SO15 2EW
          Phone: 023 8022 1231
          Fax: 023 8022 4017
          Web site: http://www.grant-thornton.co.uk


MISYS PLC: Non-executive Director to Step Down September
--------------------------------------------------------
Robert Ingram, a non-executive Director, will retire from the
Board of Misys plc with effect from the conclusion of the
Company's Annual General Meeting on 13 September 2005.

Kevin Lomax, Executive Chairman, said: "Over the last three and
a half years, Bob has made a valuable contribution to the
development of the Group and the Board wishes him well for the
future."

                            *   *   *

Sesame, a wholly owned subsidiary of Misys plc, has sold its 60%
stake in Assureweb Limited, the B2B Internet portal for
transaction of life and pensions business.  The disposal of
Sesame's stake in Assureweb is likely to give rise to a small
accounting loss on disposal.

Meanwhile, Misys plc has acquired regulatory risk management
software firm, Almonde, for EUR15 million.  The combined
expertise of Almonde and Misys will bring together the leading
forces in risk management technology to enable banks and
corporate customers to manage their risks across the whole
organization for Basel II or IAS compliance, risk exposure
around ALM, or improving profitability around funds transfer
pricing.

In June, Chairman Kevin Lomax said: "We are encouraged by our
performance for the full year: the momentum achieved in the
first half has been maintained.  This performance reflects
some improvement in trading conditions but in particular the
benefit of the actions we have taken.  We continue to invest
across our product range and to reposition Misys for growth.  It
has been a year of real progress and this gives us confidence
for the future."

CONTACT:  MISYS PLC
          Burleigh House, Chapel Oak, Salford Priors,
          Evesham, WR11 8SP, United Kingdom
          Phone: 44 (0)1386 871373
                 44 (0)1386 871045
          E-mail: group.secretariat@misys.co.uk
          Web site: http://www.misys.com


M MCGRATH: Appoints Joint Liquidators
-------------------------------------
At an Extraordinary General Meeting of M Mcgrath Plumbing
Limited, held at 312 Archway Road, Highgate, London N6 5AT, on
13 July 2005, the following Resolutions were duly passed, as an
Extraordinary Resolution and as Ordinary Resolutions
respectively:

"That it has proved to the satisfaction of the Meeting that the
Company cannot, by reason of its liabilities, continue its
business, and that it is advisable that the same be wound up
voluntarily, and that the Company be wound up accordingly, that
Geoff Robbins and Neil Richard Gibson, of CBA, Lichfield Place,
435 Lichfield Road, Aston, Birmingham B6 7SS, be and are hereby
appointed Joint Liquidators for the purpose of such winding-up,
and that the Joint Liquidators be and are hereby empowered to
act jointly and severally."

M McGrath, Chairman

CONTACT:  CBA
          Eagle House
          28 Billing Road
          Northampton NN1 5AJ
          Phone: (01604) 702 888
          Fax: (01604) 765 959
          E-mail: nhamp@cba-insolvency.co.uk
          Web site: http://www.cba-insolvency.co.uk


NEW INSTALLATION: Administrator from Abbey Taylor Moves in
----------------------------------------------------------
Name of company: NEW INSTALLATION SERVICES LIMITED
                 (Company No 04382132)

Nature of Business: Data Cabling

Address of Registered Office: Crossroads Business Park, 10
Creswell Road, Clowne, Chesterfield S43 4PW

Trade Classification: 46-Other Services

Date of Appointment: July 11, 2005

Administrator's Name and Address: Tracy A. Taylor (IP No
008899), Abbey Taylor Ltd, Blades Enterprise Centre, John
Street, Sheffield S2 4SU

CONTACT:  ABBEY TAYLOR LTD
          The Blade Enterprise Centre
          John Street
          Sheffield
          South Yorkshire S2 4SU
          Phone: 0114 292 2402
          Fax: 0114 292 2403
          E-mail: tracy.taylor@abbeytaylor.co.uk  


NORTH WEST: Members Vote on Liquidation
---------------------------------------
At an Extraordinary General Meeting of the Members of North West
Negoce Limited, duly convened, and held at Parsonage Chambers, 3
The Parsonage, Manchester M3 2HW, on 24 June 2005, the following
Resolutions were duly passed, as an Extraordinary Resolution and
as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
John Paul Bell, be and he is hereby appointed Liquidator for the
purposes of such winding-up."

C Rickett, Director

                            *   *   *

North West sells meat-based products.

CONTACT:  CLARKE BELL
          John Paul Bell
          Parsonage Chambers
          3 The Parsonage, Manchester M3 2HW


OAKLEY CAR: In Voluntary Winding-up
-----------------------------------
At an Extraordinary General Meeting of the Members of Oakley Car
Sales Limited, duly convened, and held at Gable House, 239
Regents Park Road, Finchley, London N3 3LF, on 12 July 2005, the
following Resolutions were duly passed, as an Extraordinary
Resolution and as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that M
S E Solomons, be and he is hereby appointed Liquidator for the
purposes of such winding-up."

L Bissell, Director

Oakley Cars sells second-hand cars.

CONTACT:  M S E SOLOMONS
          Gable House, 239 Regents Park Road
          London N3 3LF


OCEANSIGN LIMITED: Names Tenon Liquidator
-----------------------------------------
At an Extraordinary General Meeting of restaurant Oceansign
Limited, duly convened, and held at 73 Baker Street, London W1U
6RD, on 11 July 2005, the subjoined Extraordinary Resolution was
duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that S
R Thomas and S J Parker, of Tenon Recovery, 73 Baker Street,
London W1U 6RD, be and are hereby appointed Joint Liquidators
for the purposes of such winding-up, and are to act jointly and
severally."

At a subsequent Meeting of Creditors, duly convened, pursuant to
section 98 of the Insolvency Act 1986, and held on the same day,
the appointment of S R Thomas and S J Parker was confirmed.

G Rebak, Chairman

CONTACT:  TENON RECOVERY
          Sherlock House
          73 Baker Street
          London W1U 6RD
          Phone: 020 7935 5566
          Fax: 020 7935 3512
          E-mail: bakerstreet@tenongroup.com
          Web site: http://www.tenongroup.com


OFFICE LOGISTICS: Liquidation Decided at EGM
--------------------------------------------
At an Extraordinary General Meeting of The Office Logistics
Company Limited, duly convened, and held at the MWB Business
Exchange, 77 Oxford Street, London W1D 2ES, on 12 July 2005, at
12:45 p.m., the following Resolutions were passed as an
Extraordinary Resolution and as an Ordinary Resolution
respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
that accordingly the Company be wound up voluntarily, and that A
Graham, of Hamiltons Insolvency Practitioners Limited, Omega
Court, 368 Cemetery Road, Sheffield S11 8FT, be and is hereby
appointed Liquidator of the Company for the purpose of the
voluntary winding-up."

At a Meeting of Creditors held on 12 July 2005 the Creditors
confirmed the appointment of A Graham as Liquidator, and that
anything required or authorized to be done by the Liquidator be
done.

N L Traylor, Chairman
                            *   *   *

The Office Logistics distributes and installs office furniture.


PARKWAY (DIDSBURY): Calls in Liquidator from David Platt
--------------------------------------------------------
At an Extraordinary General Meeting of Parkway (Didsbury)
Developments Limited, duly convened, and held at David Platt
Associates, Northwood, 76 Currier Lane, Ashton Under Lyne, on 12
July 2005 the following Extraordinary Resolution was duly
passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
David Graham Platt, of David Platt Associates, be and is hereby
appointed as Liquidator for the purposes of such winding-up."

E Fitzgerald, Director

CONTACT:  DAVID PLATT ASSOCIATES
          Northwood, 76 Currier Lane
          Ashton under Lyne OL6 6TB
          D G Platt


PD PORTS: To Focus on Sale of Non-core Assets this Year
-------------------------------------------------------
At the Annual General Meeting of PD Ports plc, Chief Executive
Graham Roberts said: "Trading in the first quarter of the new
financial year has been in line with our expectations.  In our
ports business, container volumes have continued to grow
reflecting the establishment of new services between Teesport
and Felixstowe and Rotterdam, together with higher short sea
volumes at Hull.  

"Since April, we have welcomed two new deep sea feeder services
to Teesport -- FeederLink and Portlink -- underlining the
importance of Teesport as a major container gateway for the
north of the U.K.  Exports of steel slab via Teesport have
increased by over 100% in the first quarter year-on-year and are
expected to maintain this rate of growth over the whole year.

"The integration of our Port Services and Logistics businesses
is complete, and the merged division is meeting its cost saving
targets.  Cash generation remains strong and the opportunity was
taken to repay the outstanding GBP5.5 million under our working
capital facility with Royal Bank of Scotland.

"Since the announcement of our 2004/5 annual results in May, we
have made progress in respect of developing our business.  
Gazeley, a subsidiary of Wal-Mart, has received planning
permission for the construction of a new warehouse at Teesport.  
The warehouse will be built on 30 acres of previously unused
land under a 30-year lease with PD Teesport.  The facility will
process approximately 20,000 containers per annum.  Subject to
concluding documentation, the construction will begin shortly
and the warehouse will be operational by Spring 2006.

"The potential development of a deep sea container terminal at
Teesport is being evaluated but a decision to proceed will
depend on receiving both Government support and customer
commitment towards our proposals.

"A decision regarding planning consent for our Victoria Harbour
development is still awaited.  Discussions with the Highways
Agency regarding the impact on traffic flows around Hartlepool
are close to resolution but the delay means that the current
year is unlikely to benefit from any Victoria Harbour property
sales.  This will only affect the timing of property profits,
not the creation of property value.  The Group will continue to
focus on the sale of other non-core properties this year.

"Overall, we expect 2005/6 to be another year of profits growth
demonstrating good progress towards the achievement of our
strategic goals."

CONTACT:  PD PORTS PLC
          17-27 Queen's Square
          Middlesbrough
          United Kingdom
          TS2 1AH
          Phone: +44 1642 877 200
          Fax: +44 1642 877 056
          Web site: http://www.pdports.co.uk


PENGE4U LIMITED: Winding-up Resolutions Passed at EGM
-----------------------------------------------------
At an Extraordinary General Meeting of Penge4u Limited, duly
convened, and held at The Spa Hotel, Mount Ephraim, Tunbridge
Wells, Kent TN4 8XJ, on Wednesday 13 July 2005, the following
Resolutions were duly passed, as an Extraordinary Resolution and
as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
Stephen John Tancock, of Smith & Williamson Limited, The Meeting
House, Little Mount Sion, Tunbridge Wells, Kent TN1 1YS, be and
he is hereby appointed Liquidator for the purposes of such
winding-up."

M J Pennell, Chairman


PF (WALES): Administrators from BDO Stoy Hayward Move in
--------------------------------------------------------
Name of company: PF (WALES) LIMITED
                 (Company No 04613909)

Nature of Business: Manufacture of Iron and Steel

Trade Classification: 6

Date of Appointment: July 11, 2005

Joint Administrators' Name and Address: David Harry Gilbert,
Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376,
8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street,
London W1U 3LL.

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


PONTARDAWE FOUNDRY: Appoints BDO Stoy Hayward Administrator
-----------------------------------------------------------
Name of company: THE PONTARDAWE FOUNDRY & ENGINEERING COMPANY    
                 LIMITED
                 (Company No 00476884)

Nature of Business: Manufacture of Iron and Steel

Trade Classification: 6

Date of Appointment: July 11, 2005

Joint Administrators' Name and Address: David Harry Gilbert,
Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376,
8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street,
London W1U 3LL

CONTACT:  PONTARDAWE FOUNDRY AND ENGINEERING CO LTD
          Holly Street
          Pontardawe
          Swansea SA8 4ET
          West Glamorgan
          Phone: 01792 862215
          Fax: 01792 830090

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


PRIDE MAGAZINE: In Voluntary Liquidation
----------------------------------------
At an Extraordinary General Meeting of Pride Magazine Limited,
duly convened, and held at Haines Watts, 2nd Floor, 25-31
Tavistock Place, London WC1H 9SF, on 7 July 2005, at 11:00 a.m.,
the following Resolutions were duly passed, as an Extraordinary
Resolution and as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
that accordingly the Company be wound up voluntarily and that
David Thorniley and Peter Forsey, of Haines Watts, 2nd Floor,
25-31 Tavistock Place, London WC1H 9SF, be and are hereby
appointed Joint Liquidators of the Company for the purposes of
such winding-up. Any act required to be taken by the Joint
Liquidators can be undertaken by either one of them acting
independently."

At the subsequent Meeting of Creditors convened on 7 July 2005,
the appointment of David Thorniley and Peter Forsey as Joint
Liquidators was ratified.

C Cushnie, Chairman

CONTACT:  HAINES WATTS
          25-31 Tavistock Place,
          London WC1H 9SF
          Web site: http://www.hwca.com


PROBIND UK: Appoints Kroll Limited Administrator
------------------------------------------------
Name of company: PROBIND UK PRINT FINISHING LIMITED
                 (Company No 05191192)

Nature of Business: Print Finishing

Address of Registered Office: 21-27 St Paul's Street, Leeds LS1
2ER

Date of Appointment: July 12, 2005

Joint Administrators' Names and Address: C. P. Holder and S. C.
E. Mackellar (IP Nos 9093 and 6883), both of Kroll Limited, 3rd
Floor, Wellington Plaza, 31 Wellington Street, Leeds LS1 4D

                            *   *   *

The company provides a cost effective, reliable solution for the
out-placement of print finishing work.  Visit
http://www.probindltd.co.uk/for more information.

CONTACT:  PROBIND UK PRINT FINISHING LIMITED
          Unit 16
          Gelderd Trading Estate
          West Vale
          Leeds LS12 6BD
          Phone: +44 (0) 113 246 7600
          Fax +44 (0) 113 246 7675
          E-mail: enquirydesk@probindltd.co.uk

          KROLL LIMITED
          Wellington Plaza,
          31 Wellington Street,
          Leeds LS1 4DL
          Web site: http://www.krollworldwide.com


RAILTRACK PLC: Mr. Byers Says Sorry for False Testimonies
---------------------------------------------------------
Former British Transport Secretary Stephen Byers apologized for
misleading U.K. Parliament about when his department began talks
on changing the ownership of Railtrack Plc, Bloomberg reports.

The company, which operated U.K. national rail infrastructure
system, got into trouble when two commuter trains collided in
1999, in which 31 passengers were killed.  Last year, a train
was derailed, killing four people.  The accidents resulted to
huge losses in the company.  Mr. Byers refused to give it
further state funding, forcing its administration.

About 49,000 former Company shareholders then filed a class
action against the British government, alleging that Mr. Byers
and the department abused their powers by putting the company
into insolvency.  The lawsuit, which opened June 27, is
Britain's largest-ever class action.  Shareholders could receive
as much as GBP157 million (US$276 million) in damages if they
succeed with their claim, according to a government estimate.

The suit also alleges that Mr. Byers conspired to force the
company into insolvency to "renationalize" Britain's railways
without having to compensate the Company's shareholders.  Mr.
Byers resigned from the Department of Transport in May 2002 and
is currently a Labour party member of parliament.

A parliamentary committee has started reviewing Mr. Byers
October 2001 decision.  On July 14,2005, Mr. Byers told the
court that he had given "untrue" evidence to the committee. "It
is not a truthful statement, and I apologize for that," Mr.
Byers said, according to a Bloomberg report.  "I cannot remember
the motives behind it."

Mr. Byers gave testimony to the parliamentary committee on
November 14, 2001, about 5 weeks after he petitioned the High
Court to put the company into administration.  However, Mr.
Byers denied he deliberately misled the committee to deflect
further investigations into his conduct.  "That was not the
case," he told the court, Bloomberg reports.

The case, which was scheduled to last four weeks, is titled
"Geoffrey Rutherford Weir and ors. v. The Secretary of State for
Transport HC03CO4185."

                            *   *   *

The case is being held at the high court of Mr. Justice Lindsay.  
Jonathan Sumption is spearheading the government's defense.  
Geoffrey Weir is the shareholders' lead claimant.  Keith Rowley
QC is the shareholders' barrister.  The investors are acting
together as The Railtrack Private Shareholders Action Group
(RPSAG).

CONTACT:  NETWORK RAIL LIMITED
          40 Melton St.
          London NW1 2EE,
          United Kingdom
          Phone: +44 20 7557 8000
          Fax:   +44 20 7557 9000
          Web site: http://www.networkrail.com


RENTOKIL INITIAL: Kingfisher Finance Director Joins Board
---------------------------------------------------------
Duncan Tatton-Brown, Group Finance Director of Kingfisher plc,
was appointed a non-executive director of Rentokil Initial plc
on July 18, 2005.

                            *   *   *

The company's restructuring became effective in June and the new
New Rentokil Initial shares were admitted to the Official List
and to trading on the London Stock Exchange's market for listed
securities at that time.

In May, non-executive chairman Brian McGowan, said: "In trading
terms, the year has started off largely as expected, with a
deterioration in profits compared with the first four months of
2004.  This was due to the full effect of the significant
increases in the investment in sales, marketing, service, I.T.
and H.R., which were progressively fed in from May 2004 as well
as the ongoing challenges of a difficult, price competitive
market place.  These trends are likely to continue into the
second half."

CONTACT:  RENTOKIL INITIAL PLC
          Felcourt
          East Grinstead
          West Sussex RH19 2JY
          Phone: +44-1342-833-022
          Fax: +44-1342-326-229
          E-mail: pr@rentokil-initial.co.uk
          Web site: http://www.rentokil-initial.com


RENTOKIL INITIAL: IFRS Adoption to Hit Employee Benefits
-------------------------------------------------------
Rentokil Initial plc has disclosed the preliminary impact of its
adoption of the International Financial Reporting Standards
(IFRS) on its 2004 results.

To date, the Group has prepared its accounts in compliance with
U.K. Generally Accepted Accounting Practice (U.K. GAAP).  The
European Union regulations require the Group to adopt IFRS in
its financial statements from 2005.  

The Group began a detailed study during 2003 to review the
changes required in order to move from U.K. GAAP to IFRS.  The
IFRS policies carried out by the Group are expected to be
formally adopted by the European Union as of 31 December 2005.

However, these standards still remain subject to further
amendment by and interpretative guidance from the International
Accounting Standards Board (IASB) as well as the ongoing review
and endorsement by the E.U., which may lead to the need for
further refinement of the policies implemented by the Group.

Consequently, the impact on the financial statements are
provisional and remain unaudited.  Finalization of the impact of
transition to IFRS will be performed during the audit of 2005
results.

Commenting on the Group's adoption of the new accounting rules,
Roger Payne, Finance Director, said: "In common with many other
companies, the adoption of IFRS will have some impact on the
presentation of our financial statements, but will not
fundamentally change our strategy, risk management processes or
our cash flows.

"The main areas of impact on the 2004 results and the 2004
balance sheet remain as first indicated in our trading statement
issued on 30 November 2004 (and subsequently reaffirmed with the
Preliminary Announcement of 2004 results in February 2005) as
being in the areas of IAS 19 (employee benefits) and IAS 38
(intangible assets).

"Clearly, and in conjunction with our auditors, we will continue
to review the impact of additional IFRS implementation guidance
which is being periodically issued by the IASB to ensure that
our implementation of IFRS remains best practice.

"2005 will be an important transitional year for all
stakeholders.  We aim to ensure that any presentational changes
arising from the adoption of IFRS do not deflect from the
current understanding of the key fundamentals in our business,
particularly given the potential volatility arising from the
"mark to market" requirements of IAS39 (financial instruments)."

Summary Impact

For 2004, the financial impact of transition to IFRS remains in
both the two key areas of employee benefits under IAS 19 and the
recognition and amortization of intangible assets under IAS 38
as indicated in both the November 2004 Trading Statement and the
2004 Preliminary Results Announcement made in February of this
year.

Other areas of lesser impact on 2004 results are IAS 17
(leases), IFRS 2 (share based payments), IAS 21 (foreign
currencies), IAS 10 (events after the balance sheet date), and
IAS 12 (income taxes).  

A full copy of the IFRS adoption's impact on results is
available free of charge at
http://bankrupt.com/misc/RentokilInitial(IFRS).htm.

CONTACT:  RENTOKIL INITIAL PLC
          Felcourt
          East Grinstead
          West Sussex RH19 2JY
          Phone: +44-1342-833-022
          Fax: +44-1342-326-229
          E-mail: pr@rentokil-initial.co.uk
          Web site: http://www.rentokil-initial.com


R & R (ROLL DEVELOPMENTS): Hires BDO Stoy Hayward Administrator
---------------------------------------------------------------
Name of company: R & R (ROLL DEVELOPMENTS) LIMITED
                 (Company No 03140628)

Nature of Business: Manufacture of Iron and Steel

Trade Classification: 6

Date of Appointment: July 11, 2005

Joint Administrators' Name and Address: David Harry Gilbert,
Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376,
8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street,
London W1U 3LL

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


R & R (WALES): Iron, Steel Manufacturer Calls in Administrator
--------------------------------------------------------------
Name of company: R & R (WALES) LIMITED
                 (Company No 0439361)

Nature of Business: Manufacture of Iron and Steel

Trade Classification: 6

Date of Appointment: July 11, 2005

Joint Administrators' Name and Address: David Harry Gilbert,
Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376,
8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street,
London W1U 3LL

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


SAMM CUISINE: Members Opt for Liquidation
-----------------------------------------
At an Extraordinary General Meeting of the Members of restaurant
Samm Cuisine Limited (formerly Sunnycote Limited), duly
convened, and held at Crawfords, Stanton House, 41 Blackfriars
Road, Salford, Manchester M3 7DB, on 8 July 2005, the following
Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
David Norman Kaye, of Crawfords, Stanton House, 41 Blackfriars
Road, Salford, Manchester M3 7DB, be and he is hereby nominated
Liquidator for the purposes of the winding-up."

Director

CONTACT:  CRAWFORDS
          Stanton House
          41 Blackfriars Road
          Salford
          Manchester
          Greater Manchester M3 7DB
          Phone: 0161 828 1000
          Fax: 0161 832 1829
          E-mail: akachani@aol.com


SOUTHERN PLASTERING: Names Tenon Liquidator
-------------------------------------------
At an Extraordinary General Meeting of Southern Plastering
Services Limited, duly convened, and held at 6th Floor,
Salisbury House, 31 Finsbury Circus, London EC2M 5SQ, on 6 July
2005, the subjoined Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Dilip Dattani and Duncan Beat, of Tenon Recovery, 1 Bede Island
Road, Bede Island Business Park, Leicester LE2 7EA, be and are
hereby appointed Joint Liquidators for the purposes of such
winding up, and are to act jointly and severally."

At a subsequent Meeting of Creditors, duly convened, pursuant to
section 98 of the Insolvency Act 1986, and held on the same day,
the appointment of Dilip Dattani and Duncan Beat was confirmed.

D Richens, Chairman

CONTACT:  TENON RECOVERY
          1 Bede Island Road
          Bede Island Business Park
          Leicester LE2 7EA
          Phone: 0116 222 1101
          Fax: 0116 222 1102
          E-mail: leicester@tenongroup.com
          Web site: http://www.tenongroup.com


SOUTH MOSS: Members Vote on Liquidation
---------------------------------------
At an Extraordinary General Meeting of the Members of equinary
stabling and training firm South Moss Racing Limited, duly
convened, and held at Parsonage Chambers, 3 The Parsonage,
Manchester M3 2HW, on 23 June 2005, the following Resolutions
were duly passed, as an Extraordinary Resolution and as an
Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
John Paul Bell be and he is hereby appointed Liquidator for the
purposes of such winding-up."

P Grayson, Director

CONTACT:  John Paul Bell
          Clarke Bell
          Parsonage Chambers
          3 The Parsonage, Manchester M3 2HW


SPOILS 02: Furniture Retailer in Liquidation
--------------------------------------------
At an Extraordinary General Meeting of household furniture
retailer Spoils 02 Limited, duly convened, and held at The
Holiday Inn-Leicester West, Braunstone Lane East, Leicester LE3
2FW, on 12 July 2005, the subjoined Extraordinary Resolution was
duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company, cannot by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily and that
Situl Devji Raithatha, of Springfields, 80 Hinckley Road,
Leicester LE3 0RD, is hereby appointed Liquidator for the
purposes of such winding-up."

At a subsequent Meeting of Creditors, duly convened, pursuant to
section 98 of the Insolvency Act 1986, and held on the same day,
the appointment of Situl Devji Raithatha was confirmed.

B R Main, Chairman

CONTACT:  SPRINGFIELDS
          80 Hinckley Road
          Leicester
          Leicestershire LE3 0RD
          Phone: 0116 299 4745
          Fax: 0116 299 4742
          E-mail: situl.r@springfields-uk.com  


THOMAS CANDY: Construction Firm in Liquidation
----------------------------------------------
At an Extraordinary General Meeting of the Members of
construction and civil engineering firm Thomas Candy Limited,
duly convened, and held at Wilson Pitts, Glendevon House,
Hawthorn Park, Coal Road, Leeds LS14 1PQ, on 8 July 2005, the
following Resolutions were duly passed as an Extraordinary
Resolution and as an Ordinary Resolution respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that D
F Wilson and J N R Pitts be and are hereby appointed Joint
Liquidators for the purposes of such winding-up."

R Senior

                            *   *   *

Creditors of the Company are required, on or before 8 October
2005, to prove their debts by sending to the undersigned, J N R
Pitts, of Wilson Pitts, Glendevon House, Hawthorn Park, Coal
Road, Leeds LS14 1PQ, the Joint Liquidator of the said Company,
written statements of the amounts they claim to be due to them
from the Company and, if so requested, to provide such further
details or produce such documentary evidence as may appear to
the Liquidators to be necessary.  A Creditor who has not proved
his debt before the declaration of any Dividend is not entitled
to disturb, by reason that he has not participated in it, the
distribution of that Dividend or any other Dividend declared
before his debt was proved.

CONTACT:  WILSON PITTS
          Glendevon House
          Hawthorn Park
          Coal Road
          Leeds
          West Yorkshire LS14 1PQ
          Phone: 0113 237 5560
          Fax: 0113 237 5561


TMC TRANSPORT: Final Creditors Meetings Set Late Next Month
-----------------------------------------------------------
            IN THE MATTER OF THE INSOLVENCY ACT 1986

                               and

           IN THE MATTER OF TMC Transport (U.K.) Limited

Notice is hereby given that the Final Meeting of Creditors of
TMC Transport (U.K.) Limited will be held at the offices of
Grant Thornton U.K. LLP, 31 Carlton Crescent, Southampton SO15
2EW, on August 25, 2005, at 10:30 a.m. to receive the
Liquidator's report of the winding-up and to determine whether
the Liquidator should have his release.

A Creditor entitled to attend and vote at the Meeting may
appoint a proxy to attend and vote in his place.  Proxy forms
must be returned to the offices of Grant Thornton U.K. LLP, 31
Carlton Crescent, Southampton SO15 2EW, by no later than 12:00
noon on August 24, 2005.

G. Morphitis, Liquidator
July 14, 2005

CONTACT:  GRANT THORNTON U.K. LLP
          31 Carlton Crescent
          Southampton SO15 2EW
          Phone: 023 8022 1231
          Fax: 023 8022 4017
          Web site: http://www.grant-thornton.co.uk


TORVER FILTRATION: Royal Bank of Scotland Appoints Receiver
-----------------------------------------------------------
Name of company: TORVER FILTRATION PRODUCTS LIMITED
                  (Reg No 3933822)

Nature of Business: Manufacture of Engineering Products

Address of Registered Office: 45 Church Street, Birmingham B3
2DL

Date of Appointment of Joint Administrative Receivers: 6 July
2005

Name of Person Appointing the Joint Administrative Receivers:
Royal Bank of Scotland

Joint Administrative Receivers: Allan Watson Graham and Andrew
Stephen McGill (IP Nos 8719 and 1441), both of KPMG LLP, 2
Cornwall Street, Birmingham B3 2DL.

                            *   *   *

Torver Filtration Products Ltd. specializes in the manufacture
of filter sleeves for efficient dust particle collection using
textile needle felt filter media.  Visit
http://www.torver.co.uk/for more information.

CONTACT:  TORVER FILTRATION PRODUCTS
          The Old Mill Oxford Road
          Fegg Hayes
          Stoke-on-Trent ST6 6QP
          Phone: 01782 575357
          Fax: 01782 822355
          E-mail: bags@torver.co.uk   

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


TORVER SITE: In Administrative Receivership
-------------------------------------------
Name of company: TORVER SITE SERVICES LIMITED
                 (Reg No 4713367)

Nature of Business: Manufacture of Engineering Products

Address of Registered Office: 45 Church Street, Birmingham B3
2DL

Date of Appointment of Joint Administrative Receivers: July 6,
2005

Name of Person Appointing the Joint Administrative Receivers:
Royal Bank of Scotland

Joint Administrative Receivers: Allan Watson Graham and Andrew
Stephen McGill (IP Nos 8719 and 1441), both of KPMG LLP, 2
Cornwall Street, Birmingham B3 2DL

                            *   *   *

Torver Site Services Limited is a division of Torver Filtration
Products Ltd.  Visit http://www.torver.co.uk/for more  
information.

CONTACT:  TORVER SITE SERVICE
          The Old Mill,
          Oxford Road,
          Fegg Hayes
          Stoke-on-Trent ST6 6QP

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


U.K. COAL: Expects to Lose GBP30 Million in First Half
------------------------------------------------------
U.K. Coal plc has disclosed that as previously announced,
despite good progress on the operational initiatives to improve
performance and higher average selling prices, the first six
months of the financial year were affected by lower mining
output.

This resulted from the unplanned face gap at Daw Mill, the
closure of Ellington in January, completion of coaling at four
surface mines and lower production in certain collieries during
the planned equipping of six new coal faces in the period to
June.

The Board currently anticipates reporting a loss before tax for
the six months ended 30 June 2005 of around GBP30.0 million on
sales of approximately GBP164 million after profit on the
disposal of property of approximately GBP4.5 million and net
rental income of approximately GBP1.4 million.

Problems with methane gas and difficult ground conditions in the
current developed coal panel at Harworth Colliery have lead to
the decision to mothball this operation following the completion
of the current coal face.  The profit figures quoted above are
before allowance for the impairment of Harworth colliery's
assets, which may give an additional non-cash charge.  They are
also before any additional charge for redundancy, which may
result if employees cannot be redeployed elsewhere within the
group.

Due to reduced production, net debt has increased by GBP36
million to GBP85 million, including leasing and hire purchase
agreements but excluding balances held in respect of insurance
requirements and subsidence security funds.

Coal stocks held amounted to 369,000 tons (2004: 997,000
tonnes).

Sales and Contracts

Sales volumes in the first six months were 4.8 million tonnes
(2004: 7.4 million tonnes) against production of 4.6 million
tonnes (2004: 7.2 million tonnes).  Unit income rose to GBP1.32
per gigajoule (2004: GBP1.17 per gigajoule) as the Company's
long-term contract prices start to reflect higher international
coal prices.

Contract re-negotiations have been concluded with key major
customers.  At the end of June 2005, total coal under contract
to 2010, including an estimate of sales to non-Electricity
Supply Industry markets, was 38.4 million tonnes with average
proceeds across all years (in 2005 prices) ranging between
GBP1.31 and GBP1.40 per gigajoule.  These prices are subject to
inflation at full RPI and dependent upon the turnout of
international coal prices.

Deep Mines

U.K. Coal installed new faces at six of its mines in the first
half of 2005, working through 32 weeks of planned non-production
at five mines during face moves and the unplanned face gap at
Daw Mill announced in April.  Combined, the estimated impact of
these outages was 1 million tonnes, about half of this at Daw
Mill.

As previously announced, the Company also suffered from excess
methane gas liberation at Harworth Colliery halting production
for a period in January and February.  This has also caused
disruption to production in the second quarter.

Operating improvements have produced benefits to negate some of
the impact of the outages, delivering tangible benefits in both
working practices and cost control.  Total deep mine unit costs
on the reduced output levels, excluding estimated exceptional
losses of GBP12 million relating to force majeure events
announced in January, were GBP1.50 per gigajoule (2004: GBP1.45
per gigajoule).

Surface Mines

Surface mine output in the period reduced as four sites
completed coaling leaving two sites in production.  Total output
was 570,000 tonnes (2004: 1,183,000 tonnes) and unit costs were
GBP1.28 per gigajoule (2004: 1.03 per gigajoule).

While no new planning approvals were received, a total of 3
sites containing 2.7 million tonnes have been submitted to
Public Inquiry on appeal and, subject to approval, would be
available to start extraction in 2006.  The Company, which has a
land bank containing up to 100 million tonnes of coal, has
submitted planning applications for a further four new sites
containing 4.0 million tones of reserves.  It hopes to start
production on these sites in 2006.

Property

Rental income on business parks has continued to grow and
existing buildings at Asfordby and Whitemoor are now almost
fully let.  New leases agreed in the first half-year in respect
of the Business Parks and commercial properties have increased
the annual rent roll by GBP0.4 million.  The Company has
submitted planning applications for business park use in respect
of all the former Selby mines and have an agreed Masterplan to
add a further 400,000 square feet of accommodation on its
Asfordby site.  If planning permission is granted, these sites
will total some 300 acres.

Rent reviews have been carried out in respect of agricultural
land (which is held for surface mining purposes) and a survey is
being carried out to assess further development opportunities.

Development properties at Orgreave, Prince of Wales, Waverly and
other sites totaling 1,250 acres are the subject of master
planning or specific planning applications.  Significant
progress is being made in all areas.  An additional 140 acres of
former colliery and surface mine land received planning approval
in the first half-year.

Property proceeds in the first half-year was GBP8.2 million
(2004: GBP1.9 million).  This reflects the disposal of land
following the extraction of value after appropriate development
or receipt of planning approval.

An independent property valuation is currently being carried
out, the results of which are expected to be published with the
interim results.  This is expected to show a material increase
from the valuation carried out in 2002 and updated in 2004.

Power Generation

Harworth Power, U.K. Coal's power generation subsidiary, has
identified opportunities to submit planning applications in
respect of former colliery and surface mining land for the
erection of up to 40 wind turbines with a capacity of 80 MW. The
applications are currently being progressed and will be
determined over the next two years.  Harworth Power is further
developing its generation capacity with the addition of
renewable generation capacity utilizing vegetable and other
organic waste oils.

Outlook

After installing new faces at all deep mines with the exception
of Welbeck, U.K. Coal should enjoy consistent production from
its coal faces for much of the second half.  Only Welbeck and
Kellingley have scheduled moves in the second half and both
relate to coal faces where a significant amount of development
has already been done.

Management actions to address operational issues are already
starting to deliver tangible benefits.  However, three
collieries, Harworth, Rossington and Welbeck, remain under
review, a process undertaken to improve financial returns to
acceptable levels.

Low production levels at Harworth Colliery have continued due to
unexpected extremely difficult conditions encountered in the
developed coal panel currently being worked.  Following
experience on this face, it is considered unlikely that further
reserves can be extracted from the current coal seam.

Harworth Colliery has significant potential further reserves in
an alternate coal seam and the company is currently
investigating ways of reducing the cost base of the mine
substantially without full closure to maintain access to these
reserves should it be economically viable to do so.

It is likely that the decision to cease mining at Harworth
following extraction of coal from the current face will result
in the impairment of the carrying value of the assets of this
mine.

Rossington Colliery has moved to an advancing mining process
following the loss of a developed area of coal in 2002.  This
advancing face is performing at levels, which are insufficient
at the current time to support further investment in continued
coal production.  The management and workforce are currently
looking at ways of improving this before a final decision is
made on Rossington's future.

Welbeck Colliery is performing well following the review process
and current output levels have improved to a level which
justifies further investment in the development of coal
reserves.  Output should continue to rise and will improve again
when the next retreat coal face starts production later this
year.

The surface mining business continues to be actively engaged in
securing new planning consents and we are optimistic this will
yield new permits.  The company will continue to seek planning
to exploit its considerable reserve base.  This will benefit
output in 2006 and beyond.

The property business is making good progress with significant
additional value possible should planning permission be granted
in respect of the many applications currently being processed.

U.K. Coal has identified opportunities to expand its power
generation business through wind, methane and other renewable
sources and will be submitting planning applications where
appropriate to develop this area of the business.

CONTACT:  U.K. COAL PLC
          Harworth Park, Blyth Rd.
          Harworth, Doncaster
          South Yorkshire DN11 8DB, United Kingdom
          Phone: +44-1302-751751
          Fax: +44-1302-752420
          Web site: http://www.ukcoal.com  

          Inquiries
          Gavin Anderson
          Phone: 020 7554 1400
          Ken Cronin


WESTON STEELSTRUCTURES: Engineering Firm to Liquidate
-----------------------------------------------------
At an Extraordinary General Meeting of the Members of metal
structure maker Weston Steelstructures Limited, duly convened,
and held at Clive House, Clive Street, Bolton BL1 1ET, on 13
July 2005, the following Resolutions were duly passed as an
Extraordinary Resolution and as an Ordinary Resolution
respectively:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that M
C Bowker, of Unity Corporate Recovery & Insolvency, Clive House,
Clive Street, Bolton BL1 1ET, be and is hereby appointed
Liquidator for the purpose of such winding-up."

G Smith, Director

CONTACT:  UNITY CORPORATE RECOVERY AND INSOLVENCY
          Clive House
          Clive Street
          Bolton
          Lancashire BL1 1ET
          Phone: 01204 395000
          Fax: 01204 383999
          E-mail: matthewbowker@ubsg.co.uk


WINGATE AND MOON: In Voluntary Liquidation
------------------------------------------
At an Extraordinary General Meeting of Wingate and Moon Design
Limited, convened, and held at 32 Aldershot Road, Fleet,
Hampshire GU51 3NN, on 13 July 2005, at 3:00 p.m., the following
Resolutions were passed as an Extraordinary Resolution and as an
Ordinary Resolution respectively:

"That it has been proved to the satisfaction of the Meeting that
the Company cannot, by reason of its liabilities, continue its
business, and that the Company be wound up voluntarily, and that
Robert James Thompson, of Rendell Thompson, 32 Aldershot Road,
Fleet, Hampshire GU51 3NN, be appointed Liquidator of the
Company for the purpose of the voluntary winding-up."

K Wingate, Chairman


ZADE LTD: Liquidator Moves in
-----------------------------
At an Extraordinary General Meeting of the Members of employment
agency Zade Ltd, duly convened, and held at 43 Blackstock Road,
London N4 2JF, on 14 July 2005, at 10:30 a.m., the following
Extraordinary Resolution was duly passed:

"That it has been proved to the satisfaction of this Meeting
that the Company cannot, by reason of its liabilities, continue
its business, and that it is advisable to wind up the same, and
accordingly that the Company be wound up voluntarily, and that
Andreas Georgiou Kakouris, 43 Blackstock Road, London N4 2JF, be
and he is hereby nominated Liquidator for the purposes of the
winding-up."

D Worbey, Chairman

CONTACT:  KAKOURIS & MICHAELIDES
          43 Blackstock Road
          London N4 2JF
          Phone: 020 7226 6196
          Fax: 020 7704 6500
          E-mail: info@agkakouris.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-
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Copyright 2005.  All rights reserved.  ISSN 1529-2754.

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