TCREUR_Public/051130.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

          Wednesday, November 30, 2005, Vol. 6, No. 237

                            Headlines

B U L G A R I A

KREMIKOVTZI CORPORATION: Cuts First-half Loss
TOPLOFIKACIA SOFIA: Rising Fuel Prices to Hit H1 2006 Results


G E R M A N Y

BAUMA-TEC BAUMASCHINENTECHNIK: Administrator Takes over Helm
BUSSEMAS BAUPLANUNGS: Under Bankruptcy Administration
CASANOVA RESTORANTE: Claims Filing Period Ends January
EDMA - MARKETING: Koln Firm Succumbs to Bankruptcy
JANES LICHTWERBUNG: Claims Deadline Expires Next Week

KVB GMBH: Gives Creditors Until December 20 to File Claims
LTU GROUP: Takes out EUR200 Mln Loan to Retire Debt Early
NIGHTPROJECT GMBH: Creditors to Meet February
OBI-REC GESELLSCHAFT: Dessau Court Appoints Administrator


K A Z A K H S T A N

KAZKOMMERTS INTERNATIONAL: US$1.5 Bln Debt Offering Rated 'BB'


K Y R G Y Z S T A N

KYZGALDAK: Creditors' Claims Due January
VIOLA: Gives Creditors Two Months to File Claims


M A C E D O N I A

PROCREDIT BANK: Gets Low-B Foreign Currency Rating from Fitch


N E T H E R L A N D S

INTABEX NETHERLANDS: Moody's Junks US$100 Mln Guaranteed Notes


R U S S I A

ALMETYEVSKIY: Insolvency Manager Takes over Firm
BASH-KHIM-REMONT: Succumbs to Bankruptcy
CHERNUKHINSKIY REMONTNIK: Claims Filing Period Ends December 15
GREEN WOOD: Declared Insolvent
MAGADAN ARMANSKOYE: Bankruptcy Hearing Resumes February

NIVA: Undergoes Bankruptcy Supervision Procedure
OCTOBER: Agro Firm Calls in Insolvency Manager
PROM-STROY-SERVICE: Appoints Insolvency Manager
REINFORCED CONCRETE: Voronezh Court Opens Bankruptcy Proceedings
SVYAZ: Hires V. Bogdanov as Insolvency Manager


S W E D E N

SAS GROUP: Inks Two-year Travel Deal with Volvo Group


U K R A I N E

BLAGOVIST: Declared Insolvent
GOTIKA: Court Appoints Liquidator
KRASNOPEREKOPSKE RAJAGROPROMENERGO: Succumbs to Bankruptcy
LEGIYA: Goes into Liquidation
SIMKOM: Insolvency Manager Takes over Helm
UKRRESURSSERVIS-2000: Under Bankruptcy Supervision
VINNIKI' AUTO: Creditors' Claims Due this Week


U N I T E D   K I N G D O M

ALLIED PROPERTY: In Administrative Receivership
ANGLO LAMRON: Owners Decide to Wind up Firm
B52 LTD.: Clothing Retailer Winds up
BERVIN TOOL: Calls in Administrator from DTE Leonard Curtis
CADMAN CONSULTING: Calls in Liquidator

CITADEL (SOUTH WEST): Files for Liquidation
CMCRDI LTD.: Members Pass Winding-up Resolution
COLLINS & AIKMAN: IAC Group Buying European Business
COLOUR CUBE: Printer Succumbs to Liquidation
CONTRACT SECURITY: Calls in Administrator from Butcher Woods

DANISCO SEED: Claims Deadline December 15
DEVELOPMENT AND TECHNICAL: Calls in Fisher Partners
D.M.F. LTD.: Hires Liquidators from P&A Partnership
DURACORD (EUROPE): Creditors Meeting Next Week
FARMWELL LIMITED: Members Pass Winding-up Resolution

FULLER & SONS: Administrators Enter Firm
GENEMEDIX PLC: Admits Cash in hand good only for 4 Months
GLENROSE PROPERTY: Administrators from Berg Kaprow Enter Firm
GOLD STOCK: Calls in Liquidator
GOSHAWK INSURANCE: Selling Rosemont Business for US$12.5 Mln

GUINNESS MAHON: Appoints Liquidator
HEART OF MIDLOTHIAN: Books Full-year Loss Despite Turnover Spike
ISIS GROUP: Administrators Take over Firm
LEEDS AUTO: Hires XL Business to Wind up Operation
MINIMOULD LIMITED: Names Bishop Fleming Administrator

MULCRAFT GRAPHICS: Appoints Administrator from B & C Associates
NEWTON TRANSPORT: Goes into Liquidation
PA TRAVEL: Bowers & Co. to Liquidate Business
PREMIER DYERS: Files for Liquidation
PREMIER SECURITY: Liquidator from Bond Partners Moves in

PROTECTOR ADVANCED: Administrators from Hodgsons Take over Firm
RAINBOW FASHIONS: Calls in Joint Liquidators
REGAL PETROLEUM: Abandons Gas Well in Romania
RENTOKIL INITIAL: Two Bidders Short-listed for Style
RETAIL MARKETING: Names Harrisons Administrator

ROSEBERRY HOMES: Creditors Meeting Set Thursday
R & W GRIFFITHS: Names Administrators from David Horner
SHEFFIELD REBUILD: Hires P&A Partnership as Administrator
SRS CONSTRUCTION: Liquidators from Valentine Enter Firm
T2 RETAIL: Goes into Liquidation

TREVOR BRISTOW: Close Invoice Finance Appoints Receiver
T.T. NON FERROUS: Names Tenon Recovery Liquidator
WHITEHOUSE ENGINEERING: Files for Liquidation


                            *********


===============
B U L G A R I A
===============


KREMIKOVTZI CORPORATION: Cuts First-half Loss
---------------------------------------------
Insolvent steelmaker Kremikovtzi Corporation trimmed down
half-year net losses to BGL19.66 million from BGL31.03 million a
year ago, Dnevnik a.m. says.  It also posted higher
non-consolidated sales at BGL454.2 million, but asset value
dropped from BGL1.211 million to BGL1.186 million.

Indian group Global Steel Holding Limited acquired the group's
assets in August.  An appellate court in Sofia recently affirmed
the ruling of a lower court declaring the steelmaker insolvent.
It also named a trustee to protect the interest of Pepo Petar
Rizov, who filed the insolvency petition to recover over BGL1
million in debt.  A settlement was reached shortly, but the
creditor revived the claim after Kremikovtzi paid only
BGL100,000.

Kremikovtzi owns stakes in 20 companies, including 12
subsidiaries.

CONTACT:  KREMIKOVTZI CORPORATION
          kv. Botunetz
          1870 Sofia, Bulgaria
          Fax: + 359 2 987 98 06
          E-mail: info@kremikovtzi.com
          Web site: http://www.kremikovtzi.com


TOPLOFIKACIA SOFIA: Rising Fuel Prices to Hit H1 2006 Results
-------------------------------------------------------------
Toplofikacia Sofia EAD, the country's largest district heating
company, forecasts BGL21 million in losses next year if prices of
natural gas hike by 10%, Dnevnik a.m. says.

According to Toplofikacia executive director Valentin Dimitrov,
the forecast could still go up to BGL65 million if prices
increase by 35%.  The group uses up 1 billion cubic meters of
natural gas annually, which accounts for 72%-75% of expenses.

Kiril Gegov, executive director of fuel distributor Bulgargaz,
recently said natural gas prices might not go down in the first
half of 2006.  On October 1, 2005, Bulgargaz raised gas prices by
18%.

Established in 1949 by the Municipality of Sofia, Toplofikacia
Sofia is engaged in production, transmission and distribution of
heat energy, concomitant electricity production.  The district
heating system owns heat sources, district heating pipelines as
main integral part of the city infrastructure ensuring a reliable
supply of heat to over 900,000 inhabitants and steam to
industrial customers.

CONTACT:  TOPLOFIKACIA SOFIA EAD
          23 Iastrebets Str.
          BG-1618 Sofia
          Phone: +359/2/59-81-35
          Fax: +359/2/59-80-57


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


BAUMA-TEC BAUMASCHINENTECHNIK: Administrator Takes over Helm
------------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against BAUMA-TEC Baumaschinentechnik GmbH on Nov. 4.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Dec. 22, 2005 to
register their claims with court-appointed provisional
administrator Peter Scholl.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 2, 2006, 9:30 a.m. at Saal D131, Amtsgericht
Dresden, Olbrichtplatz 1, 01099 Dresden at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  BAUMA-TEC BAUMASCHINENTECHNIK GMBH
          Am Berg 1a in 01665 Klipphausen/OT Wildberg

          KRISE UND SANIERUNG
          Peter Scholl, Insolvency Manager
          Theresienstr. 8, 01097 Dresden
          Web site: http://www.wellensiek.de


BUSSEMAS BAUPLANUNGS: Under Bankruptcy Administration
-----------------------------------------------------
The district court of Bielefeld opened bankruptcy proceedings
against Bussemas Bauplanungs-GmbH on Nov. 14.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Dec. 27, 2005 to register their
claims with court-appointed provisional administrator Andreas
Stratenwerth.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 16, 2006, 11:15 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:  BUSSEMAS BAUPLANUNGS-GMBH
          Falkenstr. 12, 33758 Schloss
          Holte-Stukenbrock
          Contact:
          Gudrun Bussemas

          Andreas Stratenwerth, Insolvency Manager
          Lemgoer Str. 4, 33604 Bielefeld


CASANOVA RESTORANTE: Claims Filing Period Ends January
------------------------------------------------------
The district court of Hamburg opened bankruptcy proceedings
against Casanova Restorante GmbH on Nov. 9.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Jan. 11, 2006 to register their
claims with court-appointed provisional administrator Veit
Schwierholz.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 8, 2006, 9:35 a.m. at the district court of
Hamburg, Insolvenzgericht, Sievekingplatz 1, 20355 Hamburg, 4.
Etage, Anbau, Saal B 405 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:  CASANOVA RESTORANTE GMBH
          Adenauerallee 46, 20097 Hamburg
          Contact:
          Maurizio Barel, Manager
          Viale Gorizia 5, I-31015 Conegliano (TV)

          Veit Schwierholz, Insolvency Manager
          Heuberg 1, 20354 Hamburg
          Phone: 040/350169-0
          Fax: 35016915


EDMA - MARKETING: Koln Firm Succumbs to Bankruptcy
--------------------------------------------------
The district court of Koln opened bankruptcy proceedings against
EDMA - Marketing - und Werkzeug Vertriebs-GmbH & Co.
Kommanditgesellschaft on Oct. 11.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Dec. 12, 2005 to register their claims with
court-appointed provisional administrator Karl-Dieter Sommerfeld.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 12, 2006, 11:22 a.m. at the district court of
Koln, Hauptstelle, Luxemburger Strasse 101, 50939 Koln,
Erdgeschoss, 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:  EDMA - MARKETING - UND WERKZEUG VERTRIEBS-GMBH & CO.
          KOMMANDITGESELLSCHAFT
          Cliev 5, 51515 Kuerten
          Contact:
          Hans Juergen Mohle, Manager

          Karl-Dieter Sommerfeld, Insolvency Manager
          Hammerweg 3, 51766 Engelskirchen
          Phone: 02263/9039-0
          Fax: +492263903910


JANES LICHTWERBUNG: Claims Deadline Expires Next Week
-----------------------------------------------------
The district court of Sulzbach opened bankruptcy proceedings
against Janes Lichtwerbung GmbH on Nov. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Dec. 5, 2005 to register their
claims with court-appointed provisional administrator Dr. jur.
Peter Haas.

Creditors and other interested parties are encouraged to attend
the meeting on Dec. 15, 2005, 9:05 a.m. at the district court of
Saarbruecken, Aussenstelle Sulzbach, Vopeliusstrasse 2, 66280
Sulzbach, 1. Etage, Saal 13 at which time the administrator will
present his first report of the insolvency proceedings.  The
court will verify the claims set out in the administrator's
report on Jan. 9, 2006, 10:00 a.m. at the same venue.

CONTACT:  JANES LICHTWERBUNG GMBH
          Fischbachstrasse 33,

          66125 Saarbruecken-Dudweiler
          Contact:
          Dieter Weidig, Manager
          Sonnenhuegel 53, 66113 Saarbruecken

          Dr. jur. Peter Haas, Kaiserstrasse 77,
          66386 St. Ingbert
          Phone: (06894) 3876-311
          Fax: (06894) 382185


KVB GMBH: Gives Creditors Until December 20 to File Claims
----------------------------------------------------------
The district court of Frankfurt (Oder) opened bankruptcy
proceedings against KVB GmbH on Nov. 16.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until Dec. 20, 2005 to register their
claims with court-appointed provisional administrator Udo Feser.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 24, 2006, 9:10 a.m. at the district court of
Frankfurt (Oder), Muellroser Chaussee 55, 15236 Frankfurt (Oder),
Saal 401 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:  KVB GMBH
          i. G., Fichtenauer Weg 42
          15537 Erkner

          Udo Feser, Insolvency Administrator
          Uhlandstrasse 165/166, 10719 Berlin


LTU GROUP: Takes out EUR200 Mln Loan to Retire Debt Early
---------------------------------------------------------
Holiday flight operator LTU Group has been awarded a EUR200
million loan to satisfy an existing obligation, Die Welt says.

The loan, granted by major shareholder RWE and Deutsche Bank
London, will be used to repay, starting Monday, the remaining
EUR30 million of its EUR100 million debt.  The group obtained the
loan in 2001 from WestLB to stay afloat after the collapse of
major shareholder Swissair.  The payment is earlier than required
since LTU still has until 2008 to repay the amount, Die Welt
added.

According to the daily, the loan will allow LTU to end its
four-year search for an investor and to expand operations.  The
group predicts losses for this year as it struggles with
continued rise in fuel prices.  LTU expects an 8.5% rise in
turnover to EUR992 million and aims to book profits for 2006.

CONTACT:  LTU LUFTTRANSPORT-UNTERNEHMEN GMBH
          Flughafen Halle 8
          D-40474 Dusseldorf, Germany
          Phone: +49-211-9418-888
          Fax: +49-211-9418-881
          Web site: http://www.ltu.de


NIGHTPROJECT GMBH: Creditors to Meet February
---------------------------------------------
The district court of Schwerin opened bankruptcy proceedings
against Nightproject GmbH on Nov. 10.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Dec. 28, 2005 to register their claims with
court-appointed provisional administrator Dirk Decker.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 6, 2006, 9:30 a.m. 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:  NIGHTPROJECT GMBH
          Contact:
          Ralf Schroder, Manager
          Andreas Luecking, Manager
          Schwarzer Weg 11, 19370 Parchim

          Dirk Decker, Insolvency Manager
          Obotritenring 98, 19053 Schwerin


OBI-REC GESELLSCHAFT: Dessau Court Appoints Administrator
---------------------------------------------------------
The district court of Dessau opened bankruptcy proceedings
against Obi-Rec Gesellschaft Fuer Mobile Wiederaufbereitung Mbh
on Nov. 11.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
Dec. 16, 2005 to register their claims with court-appointed
provisional administrator Joachim M. E. Voigt-Salus.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 16, 2006, 2:10 a.m. at the district court of
Dessau, Willy-Lohmann-Str. 33, Saal 123 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:  OBI-REC GESELLSCHAFT FUER MOBILE
          WIEDERAUFBEREITUNG MBH
          Lange Reihe 20, 06785 Oranienbaum
          Contact:
          Lutz Kolanowski
          Gartenweg 1, 01979 Kostebrau

          Joachim M. E. Voigt-Salus, Insolvency Manager
          Rankestrasse 33, 10789 Berlin
          Phone: 030/2128020
          Fax: 030/21280222


===================
K A Z A K H S T A N
===================


KAZKOMMERTS INTERNATIONAL: US$1.5 Bln Debt Offering Rated 'BB'
--------------------------------------------------------------
Fitch Ratings assigned Kazkommerts International B.V.'s new
US$1.5 billion guaranteed debt issuance program Final ratings of
Long-term 'BB' (for notes with maturities in excess of one year)
and Short-term 'B' (for notes with maturities of less than one
year).  It has also assigned a Final Long-term 'BB' rating to the
debut US$500 million 8% debut issue under the program due 2015.
The notes under the program are unconditionally and irrevocably
guaranteed by Kazakhstan's Kazkommertsbank, rated Long-term
'BB'/Stable, Short-term 'B', Individual 'C/D', Support 3.

Also, Fitch has assigned Kazkommerts Finance 2 B.V.'s US$100
million issue of limited recourse perpetual loan participation
notes a Final Long-term 'B+' rating.  The notes have been issued
solely for financing a subordinated loan to KKB, which is
intended to qualify as Tier 1 capital under Kazakhstani
regulations.

More details on the structures of both of these issues can be
found in two separate announcements, both dated 20 October 2005
and available on http://www.fitchresearch.com

KKB was the largest commercial bank in Kazakhstan by IFRS assets
at end-H105 and has top three positions in all major market
segments.  One individual controls a majority stake in the bank.
The European Bank for Reconstruction and Development is a
minority shareholder actively involved in board-level
decision-making.

CONTACT:  FITCH RATINGSA
          James Watson,
          Alexei Kechko, Moscow
          Phone: +7 095 956 9901

          Media Relations
          Jon Laycock, London
          Phone: +44 20 7417 4327


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


KYZGALDAK: Creditors' Claims Due January
---------------------------------------
Kyzgaldak, which recently became insolvent, will accept proofs of
claim at Djalal-Abad region, Alabukinsk district, Alabuka, Lenina
Str. until January 17, 2006.

CONTACT:  KYZGALDAK
          Djalal-Abad region,
          Alabukinsk district, Alabuka,
          Lenina Str.


VIOLA: Gives Creditors Two Months to File Claims
------------------------------------------------
Joint Kyrgyz Seychelles LLC Viola, which recently became
insolvent, will accept proofs of claim until January 17, 2006.
Call (0-312) 46-34-80 for more information.


=================
M A C E D O N I A
=================


PROCREDIT BANK: Gets Low-B Foreign Currency Rating from Fitch
-------------------------------------------------------------
Fitch Ratings assigned ProCredit Bank Macedonia ratings of
Long-term foreign currency 'BB'; Short-term foreign currency 'B';
Long-term local currency 'BB+'; Short-term local currency 'B';
Individual 'D/E', and Support '3'.  The Outlook is Positive for
the Long-term foreign currency rating and Stable for the
Long-term local currency rating.

The Long-, Short-term and Support ratings are based on Fitch's
view of the potential support the bank is likely to receive from
its owners (in particular, ProCredit Holding AG (PCH, rated
'BBB-' (BBB minus)) in case of need.  The Long-term foreign
currency rating is constrained by the 'BB' Country Ceiling of
Macedonia.  The Positive Outlook assigned to ProCredit
Macedonia's Long-term foreign currency rating reflects the
Positive Outlook assigned to Macedonia's Long-Term Foreign
Currency rating.

PCH has a controlling stake in ProCredit Macedonia (53.3%). Other
shareholders include Kreditanstalt fuer Wiederaufbau (rated
'AAA'), which is state-guaranteed and one of Germany's largest
banks, as well as one of the largest development banks in Europe;
European Bank for Reconstruction and Development (EBRD); the
Netherlands Development Finance Company (Nederlands
Financierings - Maatschappij voor Ontwikkelingslanden N.V.) and
International Finance Corporation (part of the World Bank Group).

The Individual rating reflects ProCredit Macedonia's small size
and short track record, significant shareholder funding, only
recent achievement of profitability, and difficult local
operating environment.  The bank's capital ratios, while good at
present, are set to fall in the medium term, due to planned
balance-sheet growth.  The Individual rating also takes into
account the bank's good asset quality and effective risk
management to date, the latter largely reflecting PCH's
centralized group control in Frankfurt.

ProCredit Macedonia started operations in July 2003 and received
a full banking license at end-2004.  Total assets were EUR61
million as of end-September 2005.

The ProCredit banks were established to provide financing to
micro- and SME customers.  The ProCredit network currently
consists of 19 banks in Eastern Europe, Latin America and Africa
with total assets of EUR1.9 billion.  PCH is responsible for all
major group functions, including strategic decisions, risk
management controls and group supervision.

CONTACT:  PROCREDIT BANK
          Jane Sandanski, 109a
          1000 Skopje, Macedonia
          Phone: ++389 2 321 99 00
          Fax: ++389 2 321 99 01
          E-mail: info@procreditbank.com.mk
          Web site: http://www.pbb.com.mk/

          FITCH RATINGS
          Chris Birney, London
          Phone: +44 (0) 20 7862 4093

          Lindsey Liddell
          Phone: +44 (0) 20 7417 3495

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


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


INTABEX NETHERLANDS: Moody's Junks US$100 Mln Guaranteed Notes
--------------------------------------------------------------
Moody's Investors Service lowered the ratings of Alliance One
International, Inc. reflecting the company's shortfall from
financial expectations primarily caused by the amalgamation of
negative operating issues affecting the tobacco leaf industry.
These include:

   * a poor quality crops in Brazil;
   * adverse foreign exchange movements;
   * stretching of purchases by customers; and
   * product pricing pressure.

The cumulative effect of these issues on the company's financials
include:

   * protracted working capital;

   * incremental bad debts; and

   * negative free cash flow (the company recently suspended the
     payment of dividends).

Consolidated EBIT is insufficient to cover interest expense.

The downgrade of the ratings further reflects Alliance's weak
financial profile with lower than anticipated run-rate financials
for the near term.  The ratings adjustment underscores the
urgency for the company to successfully execute its efficiency
improvements and integration strategy from the May 2005 merger
creating Alliance One from DIMON Incorporated and Standard
Commercial Corporation.

Despite Moody's view that these industry pressures are likely to
be more temporary than permanent, the absence of headroom under
Alliance One's credit statistics to absorb further operating
shortfall is reflected in the downgrade of the ratings and the
negative ratings outlook.  The negative ratings outlook further
reflects concerns about crop yields going forward.

The company has announced that it has received a covenant waiver
to accommodate the assessment of an approximately EUR24 million
fine imposed by the European Commission regarding tobacco buying
and selling practices within the leaf tobacco industry in Italy.
The fine is Alliance One's share of an industry-wide penalty
assessed to tobacco leaf companies doing business in the European
Union.  Additionally, Alliance One has announced that it is in
the process of obtaining an amendment to its senior secured
credit facility (covenant relief), which if approved, should
provide adequate liquidity support during this inflection point
for the company's operations.  Moody's will revisit Alliance
One's speculative grade liquidity rating of SGL-3 upon conclusion
of the proposed amendment process.

Moody's lowered these ratings:

   * Approximately US$650 million senior secured credit
     facility, maturing 2008, to B2 from B1, consisting of:

     -- a US$300 million revolver available to Alliance One and
        Intabex Netherlands B.V., subsidiary;

     -- an approximately US$150 million term A loan; and

     -- an approximately US$200 million term B loan.

   * US$315 million 11% guaranteed senior unsecured notes, due
     2012, to B3 from B2

   * US$100 million 12.75% guaranteed senior subordinated note,
     due 2012, to Caa2 from B3

   * Corporate family rating to B2 from B1

The ratings outlook is negative.

The SGL-3 liquidity rating will be revisited upon conclusion of
the pending amendment process (refer to separate analysis).

The ratings acknowledge Alliance One's progress toward the
realization of synergies thus far as well as its ongoing efforts
to create and realize opportunities in emerging geographies.  The
company's ability to maintain orderly access to an amended credit
facility (US$300 million revolver used principally to support
offshore credit lines and as a liquidity backstop) will be a
central rating issue throughout the intermediate term.  The
combined company's scale and long term relationships with its
customers, coupled with the continued (albeit likely stagnant)
global demand for cigarettes benefit the ratings.

Financial leverage is substantial with debt to EBITDA approaching
8 times and total debt accounting for approximately 50% of total
consolidated revenue.  There is negative free cash flow as of
September 30, 2005 as capital spending is high and there are the
carrying costs from unexpectedly higher total inventory.  While
improvement in free cash flow is expected during the near term,
it will be modest relative to Alliance One's sizable debt of
approximately US$1.2 billion (roughly US$425 million of which are
local borrowing plus approximately US$37 million of outstanding
letters of credit).

The downgrade of the secured credit facility rating to B2 from B1
reflects the decrease in collateral cushion in a distress
scenario.  However, the rating continues to reflect the
expectation of full recovery.  The absence of meaningful excess
collateral value coupled with the magnitude of the first lien
committed facilities in the capital structure (approximately 65%)
preclude notching above the B2 corporate family rating.

The B3 rating for the senior unsecured notes continues to reflect
the effective subordination of the notes to sizable secured debt
(including capital leases).

The widening of the notching for the senior subordinated notes to
Caa2 from B3 reflects the increased loss severity from reduced
enterprise value and the contractual subordination to senior debt
and the limitations of serving as the first loss position in the
capital structure.

Headquartered in Morrisville, North Carolina, Alliance One
International, Inc. is a leading global dealer of leaf tobacco.
Consolidated net revenue for the twelve months ended September
30, 2005 was approximately US$2 billion.

CONTACT:  ALLIANCE ONE
          Phone: 484-531-5000
          Fax: 484-531-5057
          Web site: http://www.allianceoneinc.com/


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


ALMETYEVSKIY: Insolvency Manager Takes over Firm
------------------------------------------------
The Arbitration Court of Tatarstan republic commenced bankruptcy
proceedings against Almetyevskiy after finding the tinned food
factory insolvent.  The case is docketed as
A65-13977/2005-SG4-26.  Mr. V. Osipov has been appointed
insolvency manager.

CONTACT:  ALMETYEVSKIY
          423400, Russia, Tatarstan republic,
          Almetyevsk, Industrialnaya Str. 10

          V. OSIPOV
          Insolvency Manager
          420029, Russia, Tatarstan republic,
          Kazan, Post User Box 117


BASH-KHIM-REMONT: Succumbs to Bankruptcy
----------------------------------------
The Arbitration Court of Bashkortostan republic commenced
bankruptcy proceedings against Bash-Khim-Remont after finding the
open joint stock company insolvent.  The case is docketed as
A07-31917/05-G-MOG.  Mr. I. Sayfutdinov has been appointed
insolvency manager.

CONTACT:  BASH-KHIM-REMONT
          Russia, Bashkortostan republic,
          Sterlitamak, Ufimskiy Trakt, 1

          I. SAYFUTDINOV
          Insolvency Manager
          450000, Russia, Bashkortostan republic,
          Ufa, Post User Box 1174


CHERNUKHINSKIY REMONTNIK: Claims Filing Period Ends December 15
---------------------------------------------------------------
The Arbitration Court of Nizhniy Novgorod region commenced
bankruptcy proceedings against Chernukhinskiy Remontnik after
finding the open joint stock company insolvent.  The case is
docketed as A43-8415/05-18-234.  Mr. A. Kokorin has been
appointed insolvency manager.

Creditors have until December 15, 2005 to submit their proofs of
claim to:

(a) CHERNUKHINSKIY REMONTNIK
    607210, Russia, Nizhniy Novgorod region,
    Arzamasskiy region, Chernukha

(b) INSOLVENCY MANAGER
    601001, Russia, N. Novgorod region,
    Torgovaya Str. 14

(c) ARBITRATION COURT OF NIZHNIY NOVGOROD REGION
    603082, Russia, Nizhniy Novgorod region,
    Kremlin, Building 9


GREEN WOOD: Declared Insolvent
------------------------------
The Arbitration Court of Irkutsk region commenced bankruptcy
proceedings against Green Wood after finding the close joint
stock company insolvent.  The case is docketed as
A19-24067/05-34.  Mr. P. Prudkiy has been appointed insolvency
manager.
Creditors may submit their proofs of claim to 664003, Russia,
Irkutsk, K. Marksa Str. 26-b.

CONTACT:  GREEN WOOD
          Russia, Irkutsk region, Ust-Kut

          P. PRUDKIY
          Insolvency Manager
          664003, Russia, Irkutsk region,
          K. Marksa Str. 26-b


MAGADAN ARMANSKOYE: Bankruptcy Hearing Resumes February
-------------------------------------------------------
The Arbitration Court of Magadan region commenced bankruptcy
proceedings against Magadan Armanskoye (TIN4901005185, KPP
490001001) after finding the agricultural company insolvent.  The
case is docketed as A37-2479/05-8B.  Mr. A. Dutov has been
appointed insolvency manager.  A hearing will take place on
February 24, 2006.

CONTACT:  MAGADAN ARMANSKOYE
          686011, Russia, Magadan region,
          Olskiy region, Arman

          A. DUTOV
          Insolvency Manager
          685000, Russia, Magadan, Proletarskaya Str. 10,
          Main Post Office, Post User Box 95


NIVA: Undergoes Bankruptcy Supervision Procedure
------------------------------------------------
The Arbitration Court of Rostov region has commenced bankruptcy
supervision procedure on limited liability company Niva.  The
case is docketed as A53-22570/05-S2-7.  Mr. V. Mokhov has been
appointed temporary insolvency manager.  A hearing will take
place on January 30, 2006.

CONTACT:  NIVA
          Russia, Rostov region,
          Krasnyj Sulin, Burovaya Str. 10-A

          V. MOKHOV
          Temporary Insolvency Manager
          344082, Russia, Rostov-na-Donu,
          Budenovskiy Pr. 27


OCTOBER: Agro Firm Calls in Insolvency Manager
----------------------------------------------
The Arbitration Court of Novosibirsk region commenced bankruptcy
proceedings against October after finding the agro company
insolvent.  The case is docketed as A45-19005/05-10/304.  Mr. Y.
Gomerov has been appointed insolvency manager.

CONTACT:  OCTOBER
          632843, Russia, Novosibirsk region,
          Karasukskiy region, Popovka

          Y. GOMEROV
          Insolvency Manager
          630501, Russia, Novosibirsk region,
          Krasnoobsk, Post User Box 325


PROM-STROY-SERVICE: Appoints Insolvency Manager
-----------------------------------------------
The Arbitration Court of Tyumen region commenced bankruptcy
proceedings against Prom-Stroy-Service after finding the limited
liability company insolvent.  The case is docketed as
A-70-8144/3-2005.  Ms. V. Vorotnikova has been appointed
insolvency manager.

CONTACT:  PROM-STROY-SERVICE
          Russia, Tyumen region,
          Melnikayte Str. 98

          V. VOROTNIKOVA
          Insolvency Manager
          Russia, Tyumen region,
          Gazovikov Str. 19-81


REINFORCED CONCRETE: Voronezh Court Opens Bankruptcy Proceedings
----------------------------------------------------------------
The Arbitration Court of Voronezh region commenced bankruptcy
proceedings against Reinforced Concrete Goods #5 after finding
the open joint stock company insolvent.  The case is docketed as
A14-11929-2005 149/20b.  Mr. A. Semenov has been appointed
insolvency manager.

CONTACT:  REINFORCED CONCRETE GOODS #5
          Russia, Voronezh region,
          Tsimlyanskaya Str. 6

          A. SEMENOV
          Insolvency Manager
          Russia, Voronezh region,
          Tsimlyanskaya Str. 6
          Phone: 8-906-678-60-68,
          Fax: (0732) 78-24-25


SVYAZ: Hires V. Bogdanov as Insolvency Manager
----------------------------------------------
The Arbitration Court of Irkutsk region commenced bankruptcy
proceedings against Svyaz (TIN 3803110199) after finding the open
joint stock company insolvent.  The case is docketed as
A19-12438/05-49.  Mr. V. Bogdanov has been appointed insolvency
manager.  Creditors may submit their proofs of claim to Russia,
Irkutsk, D. Sobytiy Str. 55-405.

CONTACT:  SVYAZ
          665702, Russia, Irkutsk region, Bratsk,
          25letiya BratskGesStroya Str. 49

          V. BOGDANOV
          Insolvency Manager
          Russia, Irkutsk region,
          D. Sobytiy Str. 55-405


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


SAS GROUP: Inks Two-year Travel Deal with Volvo Group
-----------------------------------------------------
SAS and Star Alliance have signed a new global travel agreement
with Volvo AB, which means that Volvo has selected SAS and the
Star Alliance as its main supplier of air travel.

For SAS and Star Alliance, the agreement will result in increased
revenue and for Volvo, which will have access to highly favorable
prices, it will mean reduced travel costs.  The air-travel
agreement, which is for two years, is the largest that Volvo has
signed with an airline alliance.

Twelve of Star Alliance's total of sixteen members are included
in the agreement and the travel possibilities for Volvo employees
extend to hundreds of destinations in fourteen countries
worldwide.

In addition to favorable ticket terms and conditions, Volvo
travelers will also have access to a large number of lounges and
express check-in.

"SAS and Star Alliance are extremely pleased and proud that Volvo
has selected Star Alliance as its principal supplier of air
travel," says Agusta Olafsdottir, Global Account Manager SAS.

"The negotiations continued for a year in strong competition with
Sky Team before Volvo made its final choice.  The agreement is
strategically important for all parties and SAS and Star Alliance
look forward to long-term, rewarding cooperation with Volvo."

Star Alliance was formed in 1997.  Its members are Air Canada,
Air New Zealand, ANA, Asiana Airlines, Austrian, bmi, LOT Polish
Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines,
Spanair, TAP Portugal, Thai Airways International, United, U.S.
Airways and VARIG Brazilian Airlines.  South African Airways and
SWISS will become members in 2006.  The members of Star Alliance
offer a combined total of more than 15,000 daily flights to 795
destinations in 139 countries.

CONTACT:  SAS GROUP
          Agusta Olafsdottir, Global Account Manager
          Phone: +46 8-797 41 71
          Mobile: +46 70-997 41 71


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


BLAGOVIST: Declared Insolvent
-----------------------------
The Economic Court of Lviv region commenced bankruptcy
proceedings against Blagovist (code EDRPOU 22330815) on September
29, 2005 after finding the company insolvent.  The case is
docketed as 6/77-8/52.  Mr. N. Slidzyona (License Number AA
630095) has been appointed liquidator/insolvency manager.

Creditors have until December 2, 2005 to submit their proofs of
claim to:

(a) BLAGOVIST
    80700, Ukraine, Lviv region,
    Zolochiv, Shashkevich Str. 8

(b) N. SLIDZYONA
    Liquidator/Insolvency Manager
    79056, Ukraine, Lviv region,
    Novoznesenka Str. 103

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


GOTIKA: Court Appoints Liquidator
---------------------------------
The Economic Court of Mikolaiv region commenced bankruptcy
proceedings against Gotika (code EDRPOU 32820106) on October 18,
2005 after finding the limited liability company insolvent.  The
case is docketed as 5/242/05.  Ms. Inna Zhivotovska (License
Number AA 419488) has been appointed liquidator/insolvency
manager.

Creditors have until December 2, 2005 to submit their proofs of
claim to:

(a) INNA ZHIVOTOVSKA
    Liquidator/Insolvency Manager
    54017, Ukraine, Mikolaiv region,
    Gromadyanska Str. 93

(b) ECONOMIC COURT OF MIKOLAIV REGION
    54009, Ukraine, Mikolaiv region,
    Admiralska Str. 22


KRASNOPEREKOPSKE RAJAGROPROMENERGO: Succumbs to Bankruptcy
----------------------------------------------------------
The Economic Court of AR Krym region commenced bankruptcy
supervision procedure on OJSC Krasnoperekopske Rajagropromenergo
(code EDRPOU 05525693) on September 12, 2005.  The case is
docketed as 2-8/13832-2005.  Mr. V. Bida (License Number AA
719884) has been appointed temporary insolvency manager.  The
company holds account number 26000032230803 at OKB, Simferopol
branch, MFO 324485.

Creditors have until December 3, 2005 to submit their proofs of
claim to:

(a) KRASNOPEREKOPSKE RAJAGROPROMENERGO
    96000, Ukraine, AR Krym region,
    Krasnoperekopsk, Severna Str. 13

(b) V. BIDA
    Temporary Insolvency Manager
    Ukraine, AR Krym region,
    Simferopol, Rodnikov Str. 8

(c) ECONOMIC COURT OF AR KRYM REGION
    95000, Ukraine, AR Krym region,
    Simferopol, Karl Marks Str. 18


LEGIYA: Goes into Liquidation
-----------------------------
The Economic Court of Lugansk region commenced bankruptcy
proceedings against Legiya (code EDRPOU 33008310) on October 14,
2005 after finding the company insolvent.  The case is docketed
as 20/50 b.  Mr. Oleksij Voronko (License Number AA 630079) has
been appointed liquidator/insolvency manager.

Creditors have until December 2, 2005 to submit their proofs of
claim to:

(a) LEGIYA
    91000, Ukraine, Lugansk region,
    Sovetska Str. 60

(b) Mr. Oleksij Voronko,
    Liquidator/Insolvency Manager
    91000, Ukraine, Lugansk region,
    Videnina Str. 58

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


SIMKOM: Insolvency Manager Takes over Helm
------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Simkom (code EDRPOU 32485889) on October 19,
2005 after finding the limited liability company insolvent.  The
case is docketed as 43/791.  Ms. Ludmila Zayikina has been
appointed liquidator/insolvency manager.  The company holds
account number 26009303840101 at JSCB TAS-Comercbank, MFO 300971.

Creditors have until December 2, 2005 to submit their proofs of
claim to:

(a) SIMKOM
    01033, Ukraine, Kyiv region,
    Saksaganskij Str. 83

(b) LUDMILA ZAYIKINA
    Liquidator/Insolvency Manager
    Ukraine, Kyiv region, Melnikov Str. 2/10

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


UKRRESURSSERVIS-2000: Under Bankruptcy Supervision
--------------------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
supervision procedure on LLC Ukrresursservis-2000 (code EDRPOU
31732590) on September 23, 2005.  The case is docketed as
B-19/82-05.  Mr. Yurij Yampolskij (License Number AA 419258) has
been appointed temporary insolvency manager.  The company holds
account number 2600600660130 at JSCB Pravex-bank, Kyiv region
branch, MFO 321983.

Creditors have until December 3, 2005 to submit their proofs of
claim to:

(a) UKRRESURSSERVIS-2000
    61022, Ukraine, Harkiv region,
    Sumska Str. 57

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


VINNIKI' AUTO: Creditors' Claims Due this Week
----------------------------------------------
The Economic Court of Lviv region commenced bankruptcy
proceedings against Vinniki' Auto Transport Enterprise (code
EDRPOU 03359902) on October 11, 2005 after finding the open joint
stock company insolvent.  The case is docketed as 6/22-4/7.  Mr.
Yevgenij Dzhala (License Number AA 783051) has been appointed
liquidator/insolvency manager.  The company holds account number
2600333319810058.

Creditors have until December 2, 2005 to submit their proofs of
claim to:

(a) VINNIKI' AUTO TRANSPORT ENTERPRISE
    82124, Ukraine, Lviv region,
    Drogobich district, Vinniki, Beregova Str. 18

(b) YEVGENIJ DZHALA
    Liquidator/Insolvency Manager
    Ukraine, Lviv region,
    Nizhinska Str. 16/41
    Phone/Fax: 75-49-59

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


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


ALLIED PROPERTY: In Administrative Receivership
-----------------------------------------------
Midland Bank plc (HSBC Bank plc) appointed David R. Acland and
Steven J. Williams (Office Holder Nos 8894, 8887) of Begbies
Traynor joint administrative receivers of Allied Property
Developments Limited (Reg No 03620713) on Nov. 10.  The company
is into general construction and civil engineering.

CONTACT:  BEGBIES TRAYNOR
          1 Winckley Court
          Chapel Street
          Preston PR1 8BU
          Phone: 01772 202000
          Fax: 01772 200099
          E-mail: preston@begbies-traynor.com
          Web site: http://www.begbies.com


ANGLO LAMRON: Owners Decide to Wind up Firm
-------------------------------------------
Company Names: ANGLO LAMRON (BRACKNELL) LIMITED
               ANGLO LAMRON (ST ALBANS) LIMITED

M. McPhail, chairman of these companies, informs that the
special, ordinary and extraordinary resolutions to wind up the
firms were passed at an EGM held on Nov. 14 at Brinkletts House,
15 Winchester Road, Basingstoke, Hampshire RG21 8UE.  Laurence G.
Factor of Newman & Partners Insolvency & Recovery Services
Limited, Lynwood House, 373-375 Station Road, Harrow, Middlesex
HA1 2AW was appointed liquidator.

CONTACT:  NEWMAN & PARTNERS INSOLVENCY &
          RECOVERY SERVICES LIMITED
          Lynwood House,
          373-375 Station Road,
          Harrow, Middlesex HA1 2AW


B52 LTD.: Clothing Retailer Winds up
------------------------------------
A. Azari, director of B52 Ltd., informs that resolutions to wind
up the company were passed at an EGM held on Nov. 3 at Gable
House, 239 Regents Park Road, Finchley, London N3 3LF.  M.
Sanders of BN Jackson Norton, 1 Gray's Inn Square, London WC1R
5AA was appointed liquidator.

CONTACT:  B52 LTD.
          58 The Galleria, Comet Way
          Hatfield, Hertfordshire AL10 0XX
          Phone: 01707257508


BERVIN TOOL: Calls in Administrator from DTE Leonard Curtis
-----------------------------------------------------------
J. M. Titley and A. Poxon (IP Nos 8617, 8620) of DTE Leonard
Curtis were appointed administrators of Bervin Tool & Die Company
Limited (Company No 1099643) on Nov. 17.  Visit
http://www.bervintoolanddie.com/for more information.

CONTACT:  BERVIN TOOL & DIE COMPANY LIMITED
          Crown Street Cul de sac
          Crown Street
          Wolverhampton WV1 1PX
          United Kingdom
          Phone: +44 (01902) 352382
          Fax: +44 (01902) 352398

          DTE LEONARD CURTIS
          DTE House, Hollins Mount,
          Bury BL9 8AT4 Norfolk Park
          Phone: 0161 767 1200
          Fax: 0161 767 1201
          Web site: http://www.dtegroup.com


CADMAN CONSULTING: Calls in Liquidator
--------------------------------------
A. Cadman, chairman of Cadman Consulting Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 3 at Concept House, Brooke Street, Cleckheaton, West
Yorkshire BD19 3RY.  Andrew T. Clay of Andrew Michaels & Co Ltd.,
Concept House, Brooke Street, Cleckheaton, West Yorkshire BD19
3RY was appointed liquidator.

CONTACT:  CADMAN CONSULTING LTD.
          5 York Road, Leeds, LS15 4TA
          Phone: 0113 265 2277

          ANDREW MICHAELS & CO. LTD.
          Concept House
          Brooke Street
          Cleckheaton
          Bradford BD19 3RY
          West Yorkshire
          Phone: 0870 750 5411
          Fax: 0870 750 5412
          E-mail: info@andrew-michaels.com


CITADEL (SOUTH WEST): Files for Liquidation
-------------------------------------------
G. R. Frampton, liquidator of Citadel (South West) Limited,
informs that resolutions to wind up the company were passed at an
EGM held on Nov. 3 at Dartmoor Lodge, Peartree Cross, Ashburton,
Devon TQ13 7JW.  Giles Richard Frampton of Richard J. Smith & Co,
53 Fore Street, Ivybridge, Devon PL21 9AE was appointed
liquidator.

CONTACT:  RICHARD J. SMITH & CO
          53 Fore Street
          Ivybridge
          PL21 9AE
          Phone: 01752690101


CMCRDI LTD.: Members Pass Winding-up Resolution
-----------------------------------------------
S. R. Schultz, chairman of CMCRDI Limited, informs that a
resolution to wind up the company was passed at an EGM held on
Oct. 28 at Lewis Alexander & Collins, 103 Portland Street,
Manchester M1 6DF.  Stephen Hoffman and Michael David Alexander
of Lewis Alexander & Collins, 103 Portland Street, Manchester M1
6DF were appointed Joint Liquidators.

CONTACT:  CMCRDI LIMITED
          Phone: 0161 428 5588

          LEWIS ALEXANDER & COLLINS
          103 Portland Street
          Manchester
          Greater Manchester
          M1 6DF
          Phone: 0161 236 5175
          Fax: 0161 228 6297


COLLINS & AIKMAN: IAC Group Buying European Business
----------------------------------------------------
International Auto Components Group (IAC), the joint venture
company recently formed by WL Ross & Co. LLC, Franklin Mutual
Advisers LLC, and Lear Corporation, announced a definitive
agreement to acquire from Collins & Aikman Europe (C&A) its
US$600 million operations in Austria, Belgium, Czech Republic,
Germany, Netherlands, Slovakia, Spain, Sweden, and the United
Kingdom serving Ford, General Motors, DaimlerChrysler, Porsche,
Saab, Volkswagen, Volvo and other original equipment
manufacturers.  Exchange on the C&A business in Austria is
subject to approval of the local insolvency authority and the
Austrian Court.

Wilbur L. Ross, Chairman of IAC said: "We are delighted to make
IAC's first acquisition within a month of announcing the joint
venture company.  We also are appreciative that the automobile
industry has decided to support our efforts.  This is the start
of a major global factor in the automotive interior plastics
industry."

The transaction is subject to certain conditions including
approval by Monopoly Commissions, landlords, and customers, but
is expected to close early in 2006.  The purchase price is
subject to certain final adjustments but in any event involves
cash well in excess of US$100 million and assumption by IAC of
certain liabilities and commitments of C&A.

                            *   *   *

Collin's U.K. operation, which accounts for 25% of total global
business, obtained a group-wide Administration order pursuant to
the jurisdiction of the English High Court in London in July
2005.  Kroll U.K.'s Simon Appell and Alastair Beveridge, among
others, have been appointed joint administrators of each of the
companies.

The companies included in the filing are located in the U.K.,
Austria, Belgium, Czech Republic, Italy, Germany, Luxembourg,
Netherlands, Spain and Sweden and have approximately 4,000
employees in 24 facilities.  Collins & Aikman has 4,000 employees
in 26 plants in nine countries in Europe.  Collins & Aikman's
European operations are expected to continue in the normal course
of business without interruption while the Administrators assess
appropriate options.

Additional information regarding the European group-wide
Administration is available at
http://www.collinsaikmaneurope.com/and information regarding the
Chapter 11 reorganization at http://www.collinsaikman.com
For more information, call the Company's toll-free Reorganization
Information Line at 1-866-795-7641, for international callers +1
310-432-4170.

CONTACT:  FINANCIAL DYNAMICS
          Phone: +44 (0) 20 7269 7167
          Lucy Thom
          Phone: +44 (0) 7712 174690
          Nigel O'Connor
          Phone: +44 (0) 7968 095770
          E-mail: collinsandaikman@fd.com

          KROLL EUROPE, MIDDLE EAST & AFRICA
          10 Fleet Place
          London EC4M 7RB
          United Kingdom
          Phone: 44 (0) 207 029 5000
          Fax: 44 (0) 207 029 5001
          Web site: http://www.krollworldwide.com


COLOUR CUBE: Printer Succumbs to Liquidation
--------------------------------------------
R. Barmer, director of Colour Cube Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 1 at Emerald House, 20-22 Anchor Road, Aldridge, Walsall WS9
8PH.  C. H. I. Moore of K. J. Watkin & Co, Emerald House, 20-22
Anchor Road, Aldridge, Walsall, West Midlands WS9 8PH was
appointed liquidator.

CONTACT:  COLOUR CUBE LIMITED
          53 Brearley Street, Hockley
          Birmingham, West Midlands B19 3NS
          Phone: 01213333206

          K. J. WATKIN & CO.
          Emerald House
          20-22 Anchor Road
          Aldridge
          Walsall
          West Midlands WS9 8PH
          Phone: 01922 452881
          Fax: 01922 450525
          E-mail: chim@kjwatkin.co.uk


CONTRACT SECURITY: Calls in Administrator from Butcher Woods
------------------------------------------------------------
Roderick Graham Butcher (IP No 8834) of Butcher Woods Limited was
appointed administrator of Contract Security Options Limited
(Company No 02790598) on Nov. 15.

CONTACT:  BUTCHER WOODS
          79 Caroline Street
          Birmingham
          West Midlands B3 1UP
          Phone: 0121 236 6001
          Fax: 0121 236 5702
          E-mail: rod.butcher@butcher-woods.co.uk


DANISCO SEED: Claims Deadline December 15
-----------------------------------------
J. Larsen, chairman of Danisco Seed (UK) Limited, informs that
the special and ordinary resolutions to wind up the company were
passed at an EGM held on Nov. 15 at Denington Road,
Wellingborough, Northamptonshire NN8 2QJ.  Christopher James
Farrington and Andrew Philip Peters of Deloitte & Touche, 1
Woodborough Road, Nottingham NG1 3FG were appointed joint
liquidators.

Creditors are required on or before December 15, 2005, to send in
their full forenames and surnames, addresses and descriptions,
full particulars of debts or claims, and names and addresses of
Solicitors (if any), to Christopher James Farrington and Andrew
Philip Peters and if so required by notice in writing their debt
or claims.

CONTACT:  DELOITTE & TOUCHE LLP
          1 Woodborough Road,
          Nottingham NG1 3FG
          Phone: +44 (0) 115 950 0511
          Fax:   +44 (0) 115 959 0060
          Web site: http://www.deloitte.com


DEVELOPMENT AND TECHNICAL: Calls in Fisher Partners
---------------------------------------------------
I. A. M. H. Qassem, director of Development And Technical Exports
Limited, informs that the special resolution to wind up the
company was passed on Nov. 15 and David Birne and Stephen Katz of
Fisher Partners, Acre House, 11-15 William Road, London NW1 3ER
were appointed joint liquidators.

Creditors are required on or before January 3, 2006, to send in
their full forenames and surnames, addresses and descriptions,
full particulars of debts or claims, and names and addresses of
Solicitors (if any), to David Birne and if so required by notice
in writing their debt or claims.

CONTACT:  FISHER PARTNERS
          Acre House
          11/15 William Road
          London NW1 3ER
          Phone: 020 7388 7000
          Fax: 020 7380 4900
          E-mail: skatz@hwfisher.co.uk


D.M.F. LTD.: Hires Liquidators from P&A Partnership
---------------------------------------------------
J. S. Whiteley, chairman of D.M.F. Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 3 at 93 Queen Street, Sheffield S1 1WF.

John Russell and Allan Cooper of The P&A Partnership, 93 Queen
Street, Sheffield S1 1WF were appointed Joint Liquidators.  The
resolution and appointment were confirmed at a subsequent
creditors meeting.

CONTACT:  D.M.F. LIMITED
          Deighton Mills
          Leeds Road
          Huddersfield
          HD2 1TY
          United Kingdom
          Phone: (01484) 429889
          Fax: (01484) 420445

          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


DURACORD (EUROPE): Creditors Meeting Next Week
----------------------------------------------
Creditors of Duracord (Europe) Limited (Company No 05063639) will
meet on December 6, 2005, 12:30 p.m. at The Grange Holborn Hotel,
50-60 Southampton Row, London WC1 5HP.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Graham Hunter Martin, Laurie Katherine Manson and
Michael Horrocks, joint administrators from
PricewaterhouseCoopers LLP, 101 Barbirolli Square, Lower Mosley
Street, Manchester M2 3PW not later than 12:00 noon, December 5,
2005.

CONTACT:  DURACORD EUROPE LTD.
          Pilmuir Works
          Pilmuir Street
          Dunfermline KY12 0QA
          Fife
          Phone: 01383 722568
          Fax: 01383 722915

          PRICEWATERHOUSECOOPERS
          101 Barbirolli Square
          Lower Mosley Street
          Manchester M2 3PW
          Greater Manchester
          Phone: 0161 247 4330
          Fax: 0161 228 3920
          Web site: http://www.pwcglobal.com


FARMWELL LIMITED: Members Pass Winding-up Resolution
----------------------------------------------------
T. G. Nellist, chairman of Farmwell Limited, informs that the
special resolution to wind up the company was passed at an EGM
held on Nov. 11 at White Lodge, 50 Ledbury Road, Hereford HR1
2SY.  Douglas Paul Glenn Walker of E. Mary Grove & Co., White
Lodge, 50 Ledbury Road, Hereford HR1 2SY has been appointed
liquidator.

Creditors are required on or before December 15, 2005, to send in
their full forenames and surnames, addresses and descriptions,
full particulars of debts or claims, and names and addresses of
Solicitors (if any), to Douglas Paul Glenn Walker and if so
required by notice in writing their debt or claims.

CONTACT:  E M GROVE & CO
          White Lodge
          50 Ledbury Road
          Hereford
          Herefordshire HR1 2SY
          Phone: 01432 359000
          Fax: 01432 343141
          E-mail: info-hereford@emgrove.co.uk


FULLER & SONS: Administrators Enter Firm
----------------------------------------
A. Turpin and M. T. Coyne (IP Nos 1452 and 6575) of Poppleton &
Appleby were appointed administrators of Fuller & Sons
(Transport) Limited (Company No 00267717) on Nov. 16.

CONTACT:  POPPLETON & APPLEBY
          35 Ludgate Hill,
          Birmingham B3 1EH
          Phone: 0121 200 2962
          Web site: http://www.pandabirmingham.co.uk


GENEMEDIX PLC: Admits Cash in hand good only for 4 Months
---------------------------------------------------------
GeneMedix plc, the U.K. biopharmaceutical company with operations
in Europe and Asia and with joint London and Singapore Stock
Exchange listings, announces its interim results for the period
ended 31 August 2005.  GeneMedix is involved in the development
and manufacture of therapeutic proteins using recombinant DNA
technology and novel cell culture.

Highlights for the period:

-- Resources continue to be focused on EPO development which is
   progressing well,

-- Regulatory position clarified for EPO and G-CSF by EMEA draft
   guidelines,

-- G-CSF in-licensed from CJ Corporation,

-- Additional funds raised

Post Period

-- Agreement for sale of Chinese plant in place,

-- Restructuring of business announced following resignation of
   CEO,

-- New legislation allows clinical manufacture of EPO to
   commence

      Report Acting Chief Executive Officer Julian Attfield

The restructuring process that we announced in early October has
been progressing rapidly over the past weeks, and it has
generated significant interest in the activities of the Company.
From the current prospects the Directors are optimistic that a
deal can be concluded which it is hoped would not only secure the
Company financially, but could give us the opportunity and
resources to develop our portfolio of proteins for the biosimilar
and follow-on market.

The development of our lead compound, EPO, has continued to go
well, despite our financial constraints, and we are in the final
stages of preparing for clinical manufacture with a view to
launching our EPO in late 2008.  With the introduction of a
provision in a 2004 EU Directive, which took effect on 30 October
2005, we are now in a position to commence our clinical
manufacture and progress the planning of our clinical program.
We have designed our clinical study to take into account the
draft E.U. guidelines on EPO, published in June 2005, which
defines the type of clinical study required to obtain
registration as a biosimilar EPO.  The final published guidelines
are due over the coming months.
It remains our opinion that we are likely to be one of the early
entrants into the biosimilar market for EPO in the EU.

In the three months to 31 August 2005 we also concluded a
licensing agreement for Granulocyte Colony Stimulating Factor
(G-CSF) with CJ Corporation of Korea.  This product has been
commercialized in Korea and South America, and under the terms of
the collaboration agreement, we shall develop a bio-similar
version for registration in the E.U.  We are preparing to start
the development program early in the New Year, subject to
adequate funding being obtained.

In addition we have interferon-alfa, GM-CSF and a monomeric,
rapid acting, insulin in our portfolio.  The process development
program for our interferon-alfa is almost complete, and we are
seeking partners with novel enhancement technologies to develop a
'second generation' product.  Our GM-CSF was in commercial
production in China, but we are also seeking partners to assist
in the development of a second-generation product.  As we have
previously mentioned, we have signed an agreement with a Russian
partner to sell GM-CSF (Neustim(R)) into the Russian market.  The
monomeric insulin is potentially a very exciting product for us,
as one of the main focuses for the treatment of diabetes is for
fast acting analogues, which can be administered to fit in
comfortably with normal eating arrangements.  We have patents
granted in Australia and the U.S., and are seeking funding to
develop this product from its current early stage to the
completion of a phase I clinical trial, at which time we would
seek to find a collaboration partner.

Our mammalian cell fermentation facility in Tullamore (Ireland)
has been approved by the Irish Medicines Board to manufacture
clinical material and we have a highly skilled development and
manufacturing team of 25 people.  We have agreed the sale of our
Chinese facility and the proceeds, totaling GBP1.6 million, are
due to be paid to the Company in early 2006.

Other than Paul Edwards, our former CEO, who has recently left to
pursue another business opportunity as CEO of Ruston Poole
International, our executive operating team based in Newmarket,
U.K. has remained substantially in place since 2001.  We are
looking to build on the strengths of this strong management team
to take this business forward.

Financial Review

Operating losses of GBP3.7 million for the nine-month period are
in line with our budgets and reflect planned expenditure and cash
burn.  We believe that we have been very successful in maximizing
our investment in our programs within the tight constraints of
our financial resources, and we have maintained cash burn on
operating activities during the period at approximately GBP1
million per quarter.  There were no revenues in the period.
There has been the restructuring of a GBP1.1 million short-term
loan from Springhill Bioventures as a long- term loan.  The
financial statements have been impacted by the removal of the
intangible fixed asset, investment, convertible loan note and the
release of the provision for interest relating to our
collaboration with Antibioticos, which was terminated in the
period.

We have continued to raise money as required in order to finance
the ongoing development programs.  In July we raised
approximately GBP281,000 (GBP269,000 after expenses) through a
placing for cash of 4,309,079 new ordinary shares.  This is the
second placing of US$0.5 million out of a total funding of US$10
million which is potentially available to GeneMedix over a
three-year period, from October 2004, from funds advised by
Southridge Management LLP.  This was followed in October by the
placing of a convertible loan of GBP500,000, in a related party
transaction with its founder and Chairman Dr. Kim Tan.  These
loan notes are convertible into between 11.8 and 13.1 million
shares when the Company completes its next share offering.

Though we remain unable to raise additional share capital at
present without going through the lengthy and costly process of
issuing a prospectus, we are able to raise debt finance for the
business, and we have the immediate prospect of sufficient cash
in-flows to take us through to early next year, when the proceeds
from the sale of our Chinese business are due.  It is, however,
our strong intention to attract investment as part of the current
restructuring program.

Outlook

Overall, the Company has made significant progress in the period
under review and during the subsequent restructuring program.  As
a result, as previously stated, the Directors are optimistic not
only of securing the Company financially but of being able to
start unlocking some of the value in our business.  However, we
must be clear that there can be no guarantee that the
Company's current plans will be implemented, that the success of
our programs is dependent on us attaining sufficient funding, and
that, without achieving any cash inflows we only have sufficient
resources to continue our current level of activity for the next
four months from the date of this announcement.

               Consolidated Profit and Loss Account
              For the 9 months ended 31 August 2005

              Notes   9 months to   9 months to    12 months to
                       31 Aug         31 Aug        30 November
                        2005            2004            2004

                     Unaudited         Unaudited        Audited
                        GBP               GBP             GBP
Turnover                 -                 -               -
Cost of sales            -                 -               -
                      ------------   ------------   ------------
Gross profit             -                 -               -
                      ------------   ------------   ------------A
dministrative
expenses               (2,304,177)     (2,349,597)   (2,912,596)
Exceptional
administrative
expenses          3        -                -        (1,600,000)
                      ------------   ------------   ------------T
otal
administrative
expenses               (2,304,177)     (2,349,597)   (4,512,596)
Research and
development            (1,630,283)     (1,533,414)   (2,209,805)
Other
operating
income           4        253,151           -             -
                      ------------   ------------   ------------T
otal
operating
expenses (net)         (3,681,309)     (3,883,011)   (6,722,401)
                      ------------   ------------   ------------
Operating loss         (3,681,309)     (3,883,011)   (6,722,401)
Interest
receivable                 22,534          44,703        57,812
Interest
payable                  (169,474)       (324,733)     (436,278)
                      ------------   ------------   ------------L
oss on
ordinary
activities
before
taxation               (3,828,249)    (4,163,041)    (7,100,867)
Tax on loss on
ordinary
activities                  -            923,297      1,293,370
                      ------------   ------------   ------------
Loss on
ordinary
activities
after taxation         (3,828,249)    (3,239,744)    (5,807,497)
Equity
minority
interests                  79,823         85,000         97,290

Loss for the
period                 (3,748,426)    (3,154,744)    (5,710,207)
                      ============   ============   ============
Loss per share
- basic and
diluted                     (1.1p)         (1.0p)         (1.8p)
                      ============   ============   ============

All results arise from continuing operations.


Consolidated Statement of Total Recognised Gains and Losses
For the 9 months ended 31 August 2005

                    9 months to     9 months to     12 months to
                       31 Aug          31 Aug        30 November
                        2005            2004             2004
                     Unaudited       Unaudited         Audited
                         GBP             GBP              GBP
Retained loss for
the period          (3,748,426)      (3,154,744)     (5,710,207)
Exchange
adjustments offset
in reserves             46,248          (41,944)        (91,536)
                   ------------      -----------    ------------
Total losses
recognised for the
period              (3,702,178)      (3,196,688)     (5,801,743)
                   ============      ===========    ============

                   Consolidated Balance Sheet
                     As at 31 August 2005
                      9 months to    9 months to    12 months to
                         31 Aug         31 Aug      30 November
                          2005           2004           2004
                       Unaudited      Unaudited       Audited
                          GBP             GBP            GBP

Fixed assets
Intangible fixed assets  1,117,279     6,712,211      5,048,706
Tangible fixed assets    5,875,943     6,499,785      6,346,849
Investment                    -           11,607         11,607
                      ------------   -----------   ------------
                         6,993,222    13,223,603     11,407,162
                      ------------   -----------   ------------
Current assets
Stock                       55,869        55,602         51,847
Debtors                    387,912       492,680        779,251
Restricted cash          1,141,579     1,390,936      1,448,927
Cash at bank and in hand   874,722       846,357        482,174
                      ------------   -----------   ------------
                         2,460,082     2,785,575      2,762,199
Creditors: amounts falling due
within one year         (1,660,268)   (3,051,969)    (2,825,956)
                      ------------   -----------   ------------
Net current assets /
(liabilities)              799,814      (266,394)       (63,757)
                      ------------   -----------   ------------
Total assets less current
liabilities              7,793,036    12,957,209     11,343,405
Creditors: amounts falling due
after one year          (1,692,392)     (907,133)      (804,786)
Debenture - convertible loan
notes                   (3,765,882)   (7,668,682)    (7,747,158)
Provisions for liabilities and
charges                     (4,817)      (28,978)       (48,252)
                      ------------   -----------   ------------
Net assets               2,329,945     4,352,416      2,743,209
                      ------------   -----------   ------------
                      ============   ===========    ===========
Share capital and reserves
Called-up share capital  3,720,158     3,124,393      3,224,660
Share premium account   27,095,070    23,312,847     24,237,245
Profit and loss account(28,583,125)  (22,275,892)   (24,880,947)
                      ------------   -----------   ------------
Equity shareholders' funds
                         2,232,103     4,161,348      2,580,958
Equity minority interests   97,842       191,068        162,251
                      ------------   -----------   ------------
Total capital employed   2,329,945     4,352,416      2,743,209
                      ============   ===========   ============

                Consolidated Cash Flow Statement
              For the 9 months ended 31 August 2005

                  9 months to    9 months to        12 months to
                     31 Aug         31 Aug           30 November
                      2005           2004               2004
                   Unaudited      Unaudited           Audited
                      GBP             GBP                GBP

Net cash outflow
from operating
activities        (3,139,066)    (2,518,552)        (3,697,194)
Returns on
investments and
servicing of
finance              (24,127)       (43,355)           (58,772)
Taxation             368,338        923,297            923,297
Capital
expenditure          (82,678)      (131,279)          (191,768)
                 ------------    -----------         ----------
Cash outflow
before management
of liquid
resources and
financing         (2,877,533)    (1,769,889)        (3,024,437)
Management of
liquid resources    (189,014)       635,645          1,042,308
Financing          2,983,346      1,241,430          2,148,974
                 ------------    ----------         ----------
(Decrease) /
increase in cash
in the period        (83,201)       107,186            166,845
                 ============    ==========         ==========


Reconciliation of group operating loss to net cash outflow from
operating activities

                     9 months to     9 months to    12 months to
                       31 Aug          31 Aug        30 November
                        2005            2004             2004
                      Unaudited        Unaudited         Audited
                          GBP             GBP              GBP


Operating loss         (3,681,309)   (3,883,011)    (6,722,401)
Depreciation              634,600       605,724        827,945
Amortisation
of intangible
assets                     81,427       190,518        254,023
Impairments on
goodwill                      -             -        1,600,000
Investment
write-off                  11,607           -             -
Other
operating
income                   (253,151)          -             -
(Increase)/dec
rease in stock             (4,022)        22,996        26,752
Decrease in
debtors                    11,942        202,701       194,840
Increase in
creditors                 103,275        339,891        99,744
(Decrease)/inc
rease in
provisions                (43,435)         2,629        21,903
                      ------------   ------------   -----------
Net cash
outflow from
operating
activities             (3,139,066)    (2,518,552)   (3,697,194)
                      ============   ============   ===========
Notes:

1. Basis of preparation

The 6-month figures to 31 August 2005 and 31 August 2004 are
unaudited.  The comparative figures for the year ended 30
November 2004 are not statutory accounts but are extracted from
the audited statutory accounts.  The statutory accounts for the
year ended 30 November 2004 have been filed with the Registrar of
Companies.  They received an unqualified audit report which did
not contain a statement under S237(2) or S237(3) of the Companies
Act 1985.  The quarterly report should be read in conjunction
with the statutory accounts for the year ended 30 November 2004.

2. Going concern

The accounts are prepared on the going concern basis.  Should the
Company not be a going concern, the balance sheet would need to
be reviewed with assets restated to net realizable values and all
long term assets and liabilities being reclassified as short-term
and provision would be made for further liabilities that might
arise.

The Directors estimate that cash held at the date of approval of
the financial statements within the Group (which includes cash
received subsequent to the period end) is not sufficient to
continue funding the trading activities of the Group for a
further twelve months from the date of approval of the financial
statements.  There are a number of major initiatives to raise
further finance, such as through the out-licensing of our
products, the sales of underutilized assets such as our business
in China and potentially further issues of share capital.  The
directors are confident that such further funds will be available
to meet the requirements of the business for the foreseeable
future, but if one of these options did not occur over the coming
months, the Company would be unable to meet its financial
obligations as they fall due.

3. The exceptional administrative expenses in the year ended 30
November 2004 of GBP1,600,000 related to impairments to goodwill,
calculated as a result of revised discounted cash flows of
forecast product sales in  China and a reduction in the book
value of the net assets of the Company's Chinese subsidiary,
Shanghai GeneMedix Biotechnology Company.

4. Other operating income arose on the waiving of the interest on
the debenture, following the termination of our licensing
agreement with Antibioticos as explained in last quarter's
result.

5. The Directors elected not to pay a dividend in the period.

6. Further copies are available from the Group's head office:
Rosalind Franklin House, Fordham Road, Newmarket, Suffolk CB8
7XN.

CONTACT:  GENEMEDIX PLC
          Phone: 01638 663 320
          Julian Attfield, Acting Chief Executive Officer

          BANKSIDE CONSULTANTS
          Phone: 020 7367 8888
          Michael Padley/Susan Scott


GLENROSE PROPERTY: Administrators from Berg Kaprow Enter Firm
-------------------------------------------------------------
Stewart Trevor Bennett and James Preston Bradney (IP Nos 1205,
9259) of Berg Kaprow Lewis were appointed joint administrators of
Glenrose Property Services Limited (Company No 3300514) on Nov.
14.

CONTACT:  BERG KAPROW LEWIS LLP
          35 Ballards Lane,
          London N3 1XW
          Phone: 020 8922 9222
          Fax:   020 8922 9223
          Enquiry Line: 020 8922 9121


GOLD STOCK: Calls in Liquidator
-------------------------------
Gold Stock Epos Systems Limited informs that resolutions to wind
up the company were passed at an EGM held on Oct. 6 at 50 Newhall
Street, Birmingham B3 3QE.  Gagen Dulari Sharma of Sharma & Co.,
50 Newhall Street, Birmingham B3 3QE was appointed liquidator.

CONTACT:  GOLD STOCK EPOS SYSTEMS LIMITED
          Unit 13 Rea Industrial Park, Inkerman Street,
          Birmingham, West Midlands B7 4SH
          Phone: 01213595387

          SHARMA & CO.
          50 Newhall Street
          Birmingham
          West Midlands B3 3QE
          Phone: 0121 248 5007
          Fax: 0121 248 5010
          E-mail: gagen@sharmaandco.com


GOSHAWK INSURANCE: Selling Rosemont Business for US$12.5 Mln
------------------------------------------------------------
Following the Company's announcement on 24 October 2005 that
Rosemont Re was to be placed into run-off, a review was
undertaken of the resources of the Company and the structure of
the board to ensure that the run-off is managed in a manner that
aims to maximize value for shareholders.  Accordingly, on 18
November 2005 the appointment of Rory Macnamara as Chairman and
Michael Dawson as Chief Executive of the Company was announced.

The previous board also announced their intention to resign from
all Group companies with immediate effect, with the exception of
Richard Titley who has since resigned from all Group companies
and Russell Brooke and Jonathan Beck who will remain on the board
of Rosemont Re for a short period of time to facilitate an
orderly operational handover to the new directors.  It is
proposed that Alan Dunkle will join the board of Rosemont Re
shortly, with terms still to be agreed.

Rosemont Re currently represents substantially all of the Group's
operations, following Goshawk's exit from Lloyd's in 2003.
Following the downgrade of Rosemont Re's financial strength
rating by A.M. Best on 18 October 2005,
Rosemont Re is no longer able to write new business and the
Directors intend to put in place suitable arrangements to manage
the run-off.  Run-off is the process of realizing the Group's
assets and satisfying its liabilities with the intention of
returning any surplus to Company Shareholders.

On 24 October 2005, Goshawk announced that heads of terms had
been signed with Don Kramer for the Proposed Sale of the Rosemont
Business.  Ariel Re is now incorporated under the laws of Bermuda
and licensed by the BMA.  Ariel, the parent company of Ariel Re,
is the contracting party to the Sale and Purchase
Agreement.  Due to the size and nature of the Proposed Sale the
approval of Shareholders is being sought.

Undertakings and Intentions to Vote in Favor of the Proposed Sale

Goshawk has received undertakings to vote in favor of the
Proposed Sale from certain institutional shareholders of Goshawk
which total 72,507,268 Goshawk Shares, representing approximately
41.2% of the issued share capital of Goshawk, including Phoenix
Asset Management, Goshawk's largest shareholder with
approximately 29% of the issued share capital.  Non-binding
letters of intent to vote in favor of the Proposed Sale have been
received in respect of a total of 37,370,016 Goshawk Shares
representing approximately 21.2% of the issued share capital of
Goshawk.

Background to and Reasons for the Proposed Sale

On 29 August 2005 the industry suffered the impact of Hurricane
Katrina.  This is believed to be the most economically damaging
catastrophe in recent history.

Hurricane Katrina was followed a month later by yet another
Category 5 hurricane, Hurricane Rita, which has caused severe
damage to the offshore energy market in the Gulf of Mexico.

On 7 October 2005 the Company announced that, following receipt
of additional loss information, the net loss estimate for Katrina
increased from a range of US$25 million to US$30 million (as
announced on 6 September 2005) to a revised total of US$60
million; and that the Company's initial net loss estimate of
US$30 million in respect of Hurricane Rita assumed a total loss
to the remaining marine retrocession limits.  It was also
announced that the Board was considering a small number of
detailed proposals, which would either entail a significant
capital injection into Rosemont Re or a sale of Rosemont Re.

On 15 October 2005, Goshawk announced that discussions regarding
a potential sale of Rosemont Re or capital injection into
Rosemont Re had ended, but that the Board was seeking to maximize
the value to shareholders of the Bermuda franchise.  Following
this announcement, on 18 October 2005 A.M. Best downgraded
Rosemont Re's rating to B (Fair) with a negative outlook.  This
announcement effectively meant that Rosemont Re was unable to
write any new business as its rating no longer met minimum
accepted market security criteria.

On 24 October 2005, the Company announced that heads of terms had
been signed with Don Kramer for the Proposed Sale to a new
Bermuda reinsurer, Ariel Re, which was to be incorporated, of the
Rosemont Business for a fixed up-front payment of approximately
USUS$2.5 million for its existing Infrastructure and 8%
commission payments based on the renewing reinsurance business as
it is bound by Ariel Re in 2006.  Under that structure there was
no certainty as to the amount potentially due under these
commission payments, but it was anticipated that approximately
USUS$4-7 million might become due.  In order to provide
certainty, both parties have agreed that the consideration for
the Proposed Sale has changed to being a single cash payment of
USUS$12.5 million at Closing, payable to
Rosemont Re.

The Proposed Sale will allow the Company to realize value that
was not otherwise achievable from the franchise, which has been
built up over the past two years by transferring Rosemont Re's
Infrastructure and renewal rights to Ariel.

On 3 November 2005, Goshawk announced that Hurricane Wilma, which
struck southern Florida, may cost the Company between US$8
million and US$15 million on a net basis.  This range of
estimated outcomes was based on output from the Company's
event-based models and portfolio exposures in the affected
regions.  The net impact to the Company would not be expected to
be more than US$15 million since Rosemont Re's retrocessional
protection effectively attached at US$15 million and since
management believed there was only a highly remote possibility
that the gross loss would exhaust the retrocessional protections.

Goshawk also announced that Rosemont Re's insurance license in
Bermuda had been amended by the Bermuda Monetary Authority (BMA)
to require BMA approval for any proposed distribution by Rosemont
Re to its shareholder.  In addition, the announcement also stated
that Goshawk had breached certain of its banking covenants.

The Company continues to be dependent on the remittance of funds
from Rosemont Re to the Company for its ongoing financial
requirements, as has been the case since the Group's London
operations were closed down approximately two years ago.  The
approval of the Group's banks and, as stated above, the BMA is
required for the ongoing remittance of funds to take place,
restricting the Company's ongoing working capital position.

The Effect of the Proposed Sale on Goshawk

The cash proceeds from the Proposed Sale, payable to Rosemont Re
will amount to US$12.5 million.  The Proposed Sale is expected to
enhance the earnings of the Continuing Group in the current year
due to the profit on disposal of the renewal rights of Rosemont
Re.  References to the anticipated effect of the
Proposed Sale on future earnings of the Continuing Group should
not be interpreted as a profit forecast nor should this statement
be interpreted to mean that the earnings of the Continuing Group
following the Proposed Sale will necessarily match or exceed
historical published earnings.  The Proposed Sale is expected to
increase the net assets of the Continuing Group by approximately
US$12.0 million.  Following the Proposed Sale, the Group will
have very limited operations.  Rosemont Re is currently in
run-off and the Board will seek to ensure that there are
sufficient resources to manage the run-off of Rosemont Re with
the aim of maximizing shareholder value.

In addition to the Proposed Sale, the Group may potentially
receive up to US$17 million, for the sale of a subsidiary
company, GoshawK Dedicated (No.2) Limited (GD2), agreed in
February 2005.  The proceeds of this transaction derive from the
utilization of tax losses incurred by GD2 by its purchasers and
are dependent on a number of issues (including: no change in
legislation, the ability of the relevant counterparties to
utilize losses and agreement of HM Revenue and Customs).

The Directors intend that any net proceeds of run-off and of the
transaction to sell GD2, net of the funding requirements of the
Continuing Group, will be returned to Shareholders in due course.
However there is no certainty as to what, if any, value may be
returned to Shareholders or during what time period that may take
place.

On 3 November 2005, the Company announced that it had been
notified by the BMA that it had amended the Class 4 insurance
license held by Rosemont Re.  The impact of this restriction is
that any future distributions by Rosemont Re to its parent
company will require the BMA's approval before such distributions
could be made.  The Board believes that the BMA may not agree to
Rosemont Re remitting any further funds to Goshawk until
substantially all of Rosemont Re's claims liabilities have been
settled.  This process may take several years to complete.

In addition, as a result of Goshawk's lack of distributable
reserves, a reconstruction of the Group will need to take place
before any proceeds may be returned to shareholders.  A
reconstruction of the Group is expected to take several months to
complete and the Board may seek to, or be required to, delist
Goshawk's shares from the Official List of the London Stock
Exchange as part of this process.  In addition, it is not
expected that a reconstruction could take place without an
improvement in the working capital position of the Continuing
Group.  As described below, there can be no certainty that the
working capital position will be resolved in the next twelve
months following the publication of the circular to be sent to
Goshawk Shareholders.

Current Trading of Goshawk

In the Company's interim results for the six months ended 30 June
2005, announced on 15 September 2005, Goshawk made this outlook
statement:

We continue to gain momentum in our core lines of business and
franchise value has been increased.  We intend to continue to
target growth through a combination of profitable underwriting
and appropriate investment strategy.  While the impact of
hurricane Katrina will reduce the expected outcome for 2005, we
believe that the expanded retrocessional protections we have put
in place will limit the impact to shareholders and that the
Company will outperform relative to its peers.

On 7 October 2005 the Company announced that, following receipt
of additional loss information, the net loss estimate for Katrina
increased from a range of US$25 million to US$30 million to a
revised total of US$60 million; and that the Company's initial
net loss estimate of US$30 million in respect of Hurricane Rita
assumed a total loss to the remaining marine retrocession limits.
The Company has since announced a net loss range of US$8 million
to US$15 million for hurricane Wilma.  This estimated range of
outcome is based on output from the Company's event-based models
and portfolio exposure in the affected regions.  For details of
risk factors specific to hurricane loss forecasts, see Part II,
"Risk Factors" of the circular to be sent to Goshawk
Shareholders.

Due to the impact of the estimated losses arising from Hurricanes
Katrina, Rita and Wilma and the downgrading of Rosemont Re's
rating to B(fair) with a negative outlook, the Continuing Group
is in run-off and is no longer able to write any new business.
The Continuing Group remains exposed to further natural
catastrophe activity or deterioration in claims on its 2005 book
of business and to deterioration in claims on its other prior
year books of business.

Should the Continuing Group make a material acquisition or change
its business from the existing run-off of the current assets and
liabilities of the Group this may require Shareholder approval
and it is expected that the Company will be required to relist
which will require the prior approval of the U.K. Listing
Authority.  The Directors have no current plans to either make a
material acquisition or change existing operations.

Extraordinary General Meeting

The Proposed Sale can only be completed if Shareholders approve
the Proposed Sale by passing the Resolution at the EGM convened
for 14 December 2005.

A description of the Sale & Purchase Agreement by which the
Proposed Sale will be effected is contained in Part IV of the
circular to be sent to Goshawk Shareholders.  Although the Sale &
Purchase Agreement was signed and exchanged by Goshawk, Rosemont
Re and Ariel, completion of the Proposed Sale is subject to the
satisfaction (or, in certain cases, waiver) of certain conditions
including the passing of the Resolution by Shareholders at the
EGM.

The Resolution is being proposed as an ordinary resolution and
accordingly to be passed will need to be carried by a simple
majority of votes at the EGM in person or by proxy.

Further Information

Shareholders should read the whole of the circular to be sent to
Goshawk Shareholders and not rely solely on the summarized
information set out in this press announcement.  Defined terms in
this press announcement relate to those used in the circular to
be sent to Goshawk Shareholders.

Working Capital

The Company is of the opinion that, taking into account bank
facilities available to it and the net proceeds of the Proposed
Sale, the Continuing Group does not have sufficient working
capital for its present requirements that is, for at least the
next 12 months following the publication of the circular to be
sent to Goshawk Shareholders.

Rosemont Re remains licensed as an insurer by the Bermuda
Monetary Authority.  Under the terms of its license Rosemont Re
is not permitted to hold capital below US$100 million.  In
addition, the BMA has restricted Rosemont Re's license and any
distributions made by Rosemont Re to its holding company are
subject to BMA approval.  The Directors are in ongoing
discussions with the BMA and intend to provide the BMA with
additional information over the forthcoming weeks regarding the
potential capital position of Rosemont Re going forward.

There can be no certainty that the BMA will lift the restriction
to Rosemont Re's license in the next 12 months following the
publication of the circular to be sent to Goshawk Shareholders,
or thereafter.  As a result the Board believes that Rosemont Re
may not be permitted to remit any capital to Goshawk.  If the
Directors believe this is a likely outcome they may decide to
place Goshawk into administration and Goshawk will be unable to
continue to trade.  Such a decision could potentially be made at
any time within the next 12 months following the publication of
the circular to be sent to Goshawk shareholders, or thereafter,
though the Directors believe that the Closing of the Proposed
Sale may assist the ongoing discussions with the BMA.

As at 30 June 2005, based on the consolidation schedules, which
support the unaudited interim results for Goshawk for the six
months ended 30 June 2005, Rosemont Re had net assets of
approximately US$242 million.  The Company's estimates for net
losses relating to Hurricanes Katrina, Rita and Wilma total
between a range of US$98 million to US$105 million, reducing
capital by between US$68 million and US$75 million.  This
estimated range of outcomes is based on the Company's event-based
models and portfolio exposure in the affected regions.

Goshawk has outstanding principal amounts owing under its banking
facilities of US$39 million and GBP15 million.  Goshawk announced
on 3 November 2005 that it was in breach of certain of its
banking covenants.  Under the terms of the covenants on its
banking facilities, Rosemont Re is also required to maintain at
least US$225 million in net assets.  As Rosemont Re currently has
less than this level of net assets, it is in breach of its
covenants and will remain so for the foreseeable future.  The
banks therefore have the ability to demand immediate repayment of
all outstanding principal, interest and fees.

If Goshawk is not able to satisfy the demand from the banks for
immediate repayment from its existing resources at that time, it
is expected that Goshawk would be placed into administration and
Goshawk will be unable to trade.  Goshawk has kept the banks
informed of the current situation.

To date, the banks have not made a demand for immediate
repayment, though there can be no guarantee that they will decide
not to do so going forward (in line with their existing rights),
regardless of whether Closing of the Proposed Sales takes place
at any time within the next 12 months following the publication
of the circular to be sent to Goshawk Shareholders.  In addition
as a result of the breach of covenants, the banks can demand
Goshawk be placed into administration at any time within the next
12 months following the publication of the circular to be sent to
Goshawk Shareholders, or thereafter, and Goshawk will thus be
unable to trade.

In addition, the Group remains exposed to potential significant
catastrophe losses and deterioration in claims, without any
source of additional income.  If material claims arise from
further natural catastrophe activity or there is further material
claims deterioration to an amount in excess of the provisions in
the accounts of Rosemont Re, the Directors may decide to place
Goshawk into administration and Goshawk will be unable to
continue to trade.  This may occur at any time within the next 12
months following the publication of the circular to be sent to
Goshawk Shareholders, or thereafter.

Goshawk continues to be dependent on the remittance of funds from
Rosemont Re to the Goshawk for its ongoing financial
requirements, as has been the case since the Group's London
operations were closed down approximately two years ago.  The
Directors are considering a number of options to improve, if not
resolve, the current working capital position of the Continuing
Group including a possible equity issue, discussions and
negotiations with the Group's Banks and the BMA and determination
of what can be achieved in the run-off of the Group.  The
Directors have not yet determined the quantum of new funds
required to resolve this position.  The Company announced on 18
November 2005 that it "is considering the possibility of
launching an equity issue to raise US$15-20 million (before
related costs and fees)," but that "there can be no certainty
that an equity issue will take place or, if it does, as to its
quantum or timing."

The approval of the Group's banks and, as stated above, the BMA
is required for the ongoing remittance of funds to take place,
restricting the Company's ongoing working capital position.  As
stated above, if claims arise from further material natural
catastrophe activity or there is further material claims
deterioration to an amount in excess of the provisions in the
accounts of Rosemont Re, this may adversely impact the Continuing
Group's working capital position and put at risk the ability to
complete the options being considered to improve, if not resolve,
the working capital position of the Continuing Group.

The Directors intend to take actions to improve the working
capital position as soon as it is practicable to do so but there
can be no certainty they will be successful in the next twelve
months following the publication of the circular to be sent to
Goshawk Shareholders, or thereafter.  If they are not successful,
the Directors may decide to place Goshawk into administration and
Goshawk will be unable to trade.  Due to this, the net proceeds
of the Proposed Sale will have no material impact on the
Company's ongoing working capital position.

If the Proposed Sale is not approved by Shareholders, the
Continuing Group will not benefit from the cash proceeds from the
Proposed Sale of US$12.5 million.  The Directors believe that the
banks and the BMA consider the Proposed Sale to be beneficial to
the continuing Group; if the Proposed Sale is not approved,
either the banks and/or the BMA are expected to consider this a
negative development and may decide to take actions that
adversely impact the Company.  This may lead to Goshawk being
placed into administration at any time within the next 12 months
following the publication of the circular to be sent to Goshawk
Shareholders and Goshawk will thus be unable to trade.

                            *   *   *

Not for release, distribution or publication, in whole or in
part, in or into the United States, Canada, Australia or Japan.

CONTACT:  GOSHAWK INSURANCE HOLDINGS PLC
          Phone: 020 7499 2355
          Rory Macnamara, Chairman
          Michael Dawson, Chief Executive

          COLLEGE HILL
          Phone: 020 7457 2020
          Tony Friend
          Richard Pearson


GUINNESS MAHON: Appoints Liquidator
-----------------------------------
Guinness Mahon Civic Developments Limited informs that the
special, ordinary and extraordinary resolutions to wind up the
company were passed at an EGM held on Nov. 4 at 2 Gresham Street,
London EC2V 7QP.  Susan Margaret Roscoe of Critchleys, Greyfriars
Court, Paradise Square, Oxford OX1 1BE was appointed liquidator.

CONTACT:  CRITCHLEYS
          Greyfriars Court,
          Paradise Square, Oxford OX1 1BE
          Phone: +44 (0) 1865 261100
          Fax:   +44 (0) 1865 261201
          E-mail: Oxford@critchleys.co.uk
          Web site: http://www.critchleys.co.uk


HEART OF MIDLOTHIAN: Books Full-year Loss Despite Turnover Spike
----------------------------------------------------------------
During the year ended July 2005, the Company incurred a loss on
ordinary activities before taxation of GBP2,728,000, equivalent
to a loss per share of 21.6p (2004 - loss of GBP2,424,000 or
19.2p per share).

Turnover for the year showed an increase of GBP1,266,000, which
reflected increased season ticket monies, the benefits from
reaching the Semi-Finals of both Cups and, most importantly,
increased income in the areas of gate receipts and TV income
through reaching and participating in the group stage of the UEFA
Cup.

Staff costs were GBP503,000 lower than last year, reflecting the
continued reduction in player costs.  Due to this reduction,
combined with increased turnover as described above, the ratio of
staff costs to turnover was 53.9%, an improvement of 16.5% on
last year.

Other operating charges were GBP4,442,000, which was GBP1,396,000
higher than last year.  This was due to the combination of
increased costs for staging our European games at Murrayfield,
the operating costs of a full year at the Youth Academy and
increased sales and marketing costs relating to future income
streams for the new season.

The exceptional item of expenditure of GBP351,000, relates to the
final abortive costs incurred in the potential sale of Tynecastle
Stadium.

The Year in Review

It has been a dramatic 12 months, but I feel that Hearts will
come out of recent turbulent times in a much stronger position.

We have made some notable progress, not least of which is
securing the future of football at Tynecastle following the
result of the EGM in January.  Additionally, our ability to
attract and retain the services of top international players has
helped create a team, which has been a breath of fresh air in
this season's SPL.

Looking back to last season, we were not successful on the field
as the Club endured defeat in the semi finals of both domestic
cup competitions and finished in only 5th place in the Bank of
Scotland SPL.  This in turn affects the Company financially with
reduced revenues due to a lower league placing than the previous
two seasons, which has been offset by the positive impact of
revenues from our participation in the UEFA Cup referred to
above.  During this time, the Club parted company with two
managers - Craig Levein and John Robertson - and we continue to
wish them well for the future.

The knock-on effect of our lack of on-field success last season
is that the club will miss out on the potentially lucrative
revenue streams that come from European competition.  In this
financial year we will also suffer reduced revenues due to our
early exit to Livingston in the CIS Cup.

However, there can be no doubt that the last financial year saw
the first stages of the Club going through a much needed
transition period which is designed to deliver real on and off
field success for Heart of Midlothian plc.  The Board's view is
that while there is still much work to be done in achieving our
ultimate aims of delivering regular domestic success and European
competition participation, the Club is in a much better position
now than it was some 12 months ago.

Events Since Year-end

At present, a recommended cash offer has been made by British
Linen Advisers Limited on behalf of Heart of Midlothian 2005
Limited to acquire the whole of the issued and to be issued share
capital of Heart of Midlothian plc, not already owned or
controlled by UAB Ukio Banko Investicine Grupe.  The offer
document was sent to shareholders in mid November and provides
full details of the offer, which has been recommended in the best
interests of Hearts and its shareholders.

In addition to the above, the Board is continuing to consider
opportunities to strengthen the balance sheet of the Club and is
currently in the process of negotiating a potential change of
status for the Company.

On operational matters, there has however been a noticeable
increase in season ticket sales due largely to the successful
start to the season made by the team.   The players have adapted
well in every instance to the changes that have taken place
off-field this season, which have included the departures of
former manager George Burley, Chief Executive Phil Anderton and
Chairman George Foulkes, and then most recently the arrival of
new first team coach Graham Rix.

Neither I nor any of my fellow Board members take any pleasure in
some of the decisions that have had to be taken recently,
however, everything that the Board is currently working on is
designed to improve the long term standing of the
Club both financially and in a playing sense.

We are working on a number of levels to lift the restrictions
within which we must currently work.  First and foremost we are
building a team at Hearts that can compete at the highest levels
of domestic competition and thereby secure regular European
football.  This team building process will continue with further
investment planned for the January transfer window and also
thereafter in the summer next year.

Secondly we are progressing discussions with Edinburgh City
Council and other relevant authorities on the redevelopment of
the main stand at Tynecastle.  We are hopeful that our proposals
will demonstrate the economic value to the city and in turn
provide us with a much better opportunity to accommodate more
Hearts fans at Tynecastle.

Finally the imminent move to private ownership through the offer
document that has been circulated to shareholders would provide
the opportunity for the Board to act quickly and effectively in
order to realise the vision that it has for the Club.

R. Romanov
Chairman and Acting Chief Executive
November 28, 2005

Copy of Heart of Midlothian's preliminary results can be viewed
at http://bankrupt.com/misc/heartofmidlothian_2005.htm

CONTACT:  HEART OF MIDLOTHIAN PLC
          Tynecastle Stadium
          Gorgie Road
          Edinburgh EH11 2NL
          Phone: (0131) 200 7200
          Fax: (0131) 200 7222
          Web site: http://www.heartsfc.co.uk


ISIS GROUP: Administrators Take over Firm
-----------------------------------------
P. Stanley and D. Bailey (IP Nos 008123, 006739) of Begbies
Traynor were appointed joint administrators of Isis Group Limited
(Company No 03671916) on Nov. 17.

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


LEEDS AUTO: Hires XL Business to Wind up Operation
--------------------------------------------------
D. Capper, chairman of Leeds Auto Bodies Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 4 at 46 Moorlands Business Centre, Balme Road, Cleckheaton
BD19 4EW.  J. N. Bleazard of XL Business Solutions Ltd., 46
Moorlands Business Centre, Balme Road, Cleckheaton BD19 4EW was
appointed liquidator.

CONTACT:  LEEDS AUTO BODIES LIMITED
          79 Clarence Road
          Leeds West Yorkshire Ls101lw
          Phone: 0113 245 4005

          XL BUSINESS SOLUTIONS LTD.
          Moorlands Business Centre
          Balme Road, Cleckheaton, West Yorkshire BD19 4EW
          Phone: 01274870101


MINIMOULD LIMITED: Names Bishop Fleming Administrator
-----------------------------------------------------
Jeremiah Anthony O'Sullivan (IP No 8333) of Bishop Fleming was
appointed administrator of Minimould Limited (Company No
04030129) on Nov. 17.

CONTACT:  BISHOP FLEMING
          Priest House, 1624-1628 High Street,
          Knowle, Solihull,
          West Midlands B93 0JU
          Web site: http://www.bishopfleming.co.uk


MULCRAFT GRAPHICS: Appoints Administrator from B & C Associates
---------------------------------------------------------------
Filippa Connor (IP No 9188) of B & C Associates was appointed
administrator of Mulcraft Graphics Limited (Company No 00986971)
on Nov. 14.  Mulcraft Graphics -- http://www.mgvs.co.uk/--  
offers Web design services.

CONTACT:  MULCRAFT GRAPHICS LIMITED
          670-674 Old Kent Road
          London SE15 1JF
          United Kingdom
          Phone: 020 7639 0208
          Fax: 020 7252 8070

          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


NEWTON TRANSPORT: Goes into Liquidation
---------------------------------------
J. Henry, director of Newton Transport & Storage Limited, informs
that a resolution to wind up the company was passed at an EGM
held on Nov. 3 at 20 Winmarleigh Street, Warrington, Cheshire WA1
1JY.  Robert W. Keating of R. W. Keating & Co, 20 Winmarleigh
Street, Warrington, Cheshire WA1 1JY was appointed liquidator.

CONTACT:  NEWTON TRANSPORT & STORAGE LIMITED
          Wareing Road Liverpool Merseyside L9 7AU
          Phone: 0151 524 0060
          Fax: 0151 524 3338


PA TRAVEL: Bowers & Co. to Liquidate Business
---------------------------------------------
P. Astley, chairman of PA Travel Limited, informs that a
resolution to wind up the company was passed at an EGM held on
Nov. 4 at MacDonald Dunkenhalgh Hotel, Blackburn Road, Clayton Le
Moors, Accrington BB5 5JP.  Andrew John Bowers of Bowers & Co.,
York House, 4 Sheepscar Way, Leeds LS7 3JB was appointed
liquidator.

CONTACT:  PA TRAVEL LIMITED
          16 Wellington Street
          St Johns, Blackburn, Lancashire BB1 8AF
          Phone: 01254261177


PREMIER DYERS: Files for Liquidation
------------------------------------
H. Shanker, chairman of Premier Dyers Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 1 at 39 Castle Street, Leicester LE1 5WN.  Mark Grahame
Tailby and Geoff Robbins of CBA, 39 Castle Street, Leicester LE1
5WN were appointed Joint Liquidators.

CONTACT:  PREMIER DYERS LIMITED
          20 St. Johns Street, Leicester
          Leicestershire LE1 3WL
          Phone: 01162510552

          CBA
          39 Castle Street
          Leicester LE1 5WN
          Phone: (0116) 262 6804
          Fax: (0116) 217 1404
          E-mail: leics@cba-insolvency.co.uk
          Web site: http://www.cba-insolvency.co.uk


PREMIER SECURITY: Liquidator from Bond Partners Moves in
--------------------------------------------------------
H. Weston, chairman of Premier Security & Protection Limited,
informs that resolutions to wind up the company were passed at an
EGM held on Oct. 19 at The Grange, 100 High Street, London N14
6TB.  T. Papanicola of Bond Partners LLP, The Grange, 100 High
Street, London N14 6TG was appointed liquidator.

CONTACT:  PREMIER SECURITY & PROTECTION
          Tavistock Chambers, London, WC1A 2SE
          Phone: 020 7831 4466

          BOND PARTNERS LLP
          The Grange
          100 High Street
          London N14 6TG
          Phone: 020 8444 2000
          Fax: 020 8444 3400
          E-mail: tp@bondpartners.co.uk


PROTECTOR ADVANCED: Administrators from Hodgsons Take over Firm
---------------------------------------------------------------
David E. M. Mond and Lawrence I. Freedman (IP Nos 002340, 006749)
of Hodgsons were appointed administrators of Protector Advanced
Security Systems Limited (Company No 02780020) on Nov. 14.
Protector Advanced -- http://www.protectorsecurity.biz/--  
provides, maintains and monitors security systems.

CONTACT:  PROTECTOR ADVANCED SECURITY SYSTEMS LIMITED
          400 Metroplex
          Broadway
          Manchester M50 2UE
          United Kingdom
          Phone: (0870) 750 2204
          Fax: (0870) 750 2209

          HODGSONS
          George House
          48 George Street
          Manchester
          Greater Manchester M1 4HF
          Phone: 0161 228 7444
          Fax: 0161 228 735
          E-mail: dmond@hodgsons.co.uk


RAINBOW FASHIONS: Calls in Joint Liquidators
--------------------------------------------
N. Pankhania, chairman of Rainbow Fashions (Leicester) Ltd.,
informs that resolutions to wind up the company were passed at an
EGM held on Oct. 28 at 39 Castle Street, Leicester LE1 5WN.  Mark
Grahame Tailby and Geoff Robbins of CBA, 39 Castle Street,
Leicester LE1 5WN were appointed Joint Liquidators.

CONTACT:  RAINBOW FASHIONS LTD.
          10 Oliver Road
          Leicester
          LE4 7GQ
          Leicestershire
          Phone: 0116 266 9595
          Fax: 0116 266 9595

          CBA
          39 Castle Street
          Leicester LE1 5WN
          Phone: (0116) 262 6804
          Fax: (0116) 217 1404
          E-mail: leics@cba-insolvency.co.uk
          Web site: http://www.cba-insolvency.co.uk


REGAL PETROLEUM: Abandons Gas Well in Romania
---------------------------------------------
The Directors of Regal Petroleum said that the Company's
exploration well (RSD-1) in its Suceava license reached a total
depth of 1,248 meters but failed to encounter commercial
quantities of hydrocarbons.  The well is being plugged and
abandoned.  A comprehensive suite of advanced wireline log data
has been acquired and the well has been completed ahead of time
and under budget.

Exploration Director Richard Hardman said: "The Suceava Block,
located on the Moldavia Platform, is a 4,103 square kilometer
exploration, development and production license area (equivalent
to 20 North Sea blocks).  This region contains several large
commercial gas and condensate fields.  Whilst our first well,
SE-1, flowed gas from relatively thin sands, our second, RSD-1,
has encountered a number of good quality sands."

He went on to say: "Whilst the result of this exploration well is
disappointing, we have acquired a large quantity of high quality
and useful technical data which is a prerequisite to a proper
understanding of the block and the whole region.  This technical
data will be utilized in our continuing exploration program in
2006, including the drilling of further wells.  We remain
confident that this block has the potential to yield commercial
reserves."

                        About the Company

Regal Petroleum plc is a London-based independent oil and gas
producer listed on the Alternative Investment Market of the
London Stock Exchange.  It focuses on the exploration,
development and production of oil and gas assets in Ukraine,
Greece, Romania, Egypt and Liberia.

Frank Timis, who served as executive chairman until he stepped
down in June, established the company in 1996.  He resigned as
the company's annual losses quadrupled.  For the year ending
December 31, losses amounted to US$13.7 million, up from US$2.9
million a year earlier.

Since March, the company has lost 83% of its value, with shares
plunging significantly at the end of April when Regal raised
GBP45 million at 390 pence a share following its discovery of a
gas prospect in Romania.  It sank further when a well in Greece
was found to be not commercially viable for exploration.

CONTACT:  REGAL PETROLEUM PLC
          4th Floor
          11 Berkeley Street
          London, England W1J 8DS
          Phone: +44 20 7647 6622
          Fax: +44 20 7629 4297
          Web site: http://www.regalpetroleum.com


RENTOKIL INITIAL: Two Bidders Short-listed for Style
----------------------------------------------------
It's down to two.  That's the number of bidders left in the race
for Style, the unit of Rentokil Initial that operates 29
conference centers throughout the U.K., The Telegraph says.

Patron Capital and Lazard Private Equity are up against a
consortium led by Richard Balfour-Lynn, head of property group
Marylebone Warwick Balfour.  MWB is not involved, the paper says.

Auction manager, boutique bank Greenhill, will run the auction as
a contract race, where each side keeps bidding until they reach
their final price.  Rentokil expects Style to fetch between
GBP320 million and GBP330 million, a source said.  A deal is
expected this week.

The company put Style on the market in September in the middle of
a takeover approach from Granada boss Gerry Robinson, who sought
the ouster of CEO Doug Flynn, but failed to get board support.

Three other bidders expressed interest in Style, but was mooted,
according to the Telegraph.  They are Dawnay Shore Hotels, a
joint venture between Dawnay Day and Shore Capital; venture
capitalist 3i and hotelier De Vere.

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

          PATRON CAPITAL LIMITED
          16 Berkeley Street
          London W1J 8DZ
          Tel: 44 (0) 20 7629 9417
          Fax: 44 (0) 20 7629 9418
          Web site: http://www.patroncapital.com/

          LAZARD PRIVATE EQUITY
          50 Stratton Street
          London W1J 8LL
          United Kingdom
          Tel: +44 (0) 20 7187 2399
          Fax: +44 (0) 20 7072 6284
          E-mail: lepep@lazardprivateequity.com
          Web site: http://www.lazardprivateequity.com/home.htm

          RICHARD BALFOUR-LYNN
          Tel: 020 7706 2121

          GREENHILL & CO.
          56-58 Conduit Street
          London W1S 2YZ
          United Kingdom
          Tel: +44 20 7440 0400
          Fax: +44 20 7440 0500
          Web site: http://www.greenhill-co.com/


RETAIL MARKETING: Names Harrisons Administrator
-----------------------------------------------
P. R. Boyle and D. P. G. Walker (IP Nos 008897, 0/002649/01) of
Harrisons were appointed joint administrators of Retail Marketing
In-Store Services Limited (Company No 01487236) on Nov. 17.  Its
registered office is at 30 City Road, London EC1Y 2AB.

CONTACT:  HARRISONS
          4 St Giles Court, Southampton Street,
          Reading RG1 2QL
          Phone: 0118 951 0798
          Fax:   0118 939 4409
          E-mail: info@harrisons.uk.com
          Web site: http://www.harrisons.uk.com


ROSEBERRY HOMES: Creditors Meeting Set Thursday
-----------------------------------------------
Creditors of Roseberry Homes (Greenwich) Limited (Company No
04108847) will meet on December 1, 2005, 10:30 a.m. at
PricewaterhouseCoopers LLP, Plumtree Court, London EC4A 4HT.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Robert William Birchall and Michael John Andrew
Jervis, joint administrators of PricewaterhouseCoopers LLP,
Plumtree Court, London EC4A 4HT not later than 12:00 noon,
November 30, 2005.

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


R & W GRIFFITHS: Names Administrators from David Horner
-------------------------------------------------------
David Anthony Horner (IP No 008956) of David Horner & Co was
appointed administrator of general contractors R & W Griffiths
Limited (Company No 04402462) on Nov. 17.

CONTACT:  DAVID HORNER & CO.
          11 Clifton Moor Business Village
          James Nicolson Link,
          York YO30 4XG
          Phone: 01904 479801
          Web site: http://www.davidhornerandco.co.uk


SHEFFIELD REBUILD: Hires P&A Partnership as Administrator
---------------------------------------------------------
Allan Cooper and John Russell (IP Nos 5546, 5544) of The P&A
Partnership were appointed joint administrators of Sheffield
Rebuild Limited (Company No 3295704) on Nov. 15.  The company is
into building construction.

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


SRS CONSTRUCTION: Liquidators from Valentine Enter Firm
-------------------------------------------------------
R. Saramaka, chairman of SRS Construction (London) Limited,
informs that resolutions to wind up the company were passed at an
EGM held on Nov. 2 at Valentine & Co., 4 Dancastle Court, 14
Arcadia Avenue, London N3 2HS.

Robert Valentine and Mark Reynolds of Valentine & Co, 4 Dancastle
Court, 14 Arcadia Avenue, London N3 2HS were appointed Joint
Liquidators.

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


T2 RETAIL: Goes into Liquidation
--------------------------------
D. B. Johnson, director of T2 Retail Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 4 at 15 Highfield Road, Hall Green, Birmingham B28 0EL.  P.
Nottingham of Nottingham Watson Ltd., 15 Highfield Road, Hall
Green, Birmingham B28 0EL was appointed liquidator.

CONTACT:  T2 RETAIL LTD.
          Unit 14
          Hortonwood 33
          Telford
          Shropshire
          TF1 7EX
          Phone: 01952 677228
          Fax: 01952 604041
          E-mail: info@t2retail.co.uk
          Web site: http://www.t2retail.co.uk/


TREVOR BRISTOW: Close Invoice Finance Appoints Receiver
-------------------------------------------------------
Close Invoice Finance Limited appointed Andrew Gordon Stoneman
and Jason James Godefroy (Office Holder Nos 8728, 9097) of
Menzies Corporate Restructuring joint administrative receivers of
Trevor Bristow & Associates Limited (Reg No 02666846) on Nov. 14.

CONTACT:  MENZIES CORPORATE RESTRUCTURING
          43/45 Portman Square
          London W1H 6LY
          Phone: 020 7487 7240


T.T. NON FERROUS: Names Tenon Recovery Liquidator
-------------------------------------------------
P. K. Stephenson, chairman of T.T. Non Ferrous Limited, informs
that a resolution to wind up the company was passed at an EGM
held on Nov. 1 at Tenon House, Ferryboat Lane, Sunderland SR5
3JN.  Ian William Kings of Tenon Recovery, Tenon House, Ferryboat
Lane, Sunderland SR5 3JN was appointed liquidator.

Tyne Tees Non-Ferrous -- http://www.ttnonferrous.co.uk-- is
based in Washington, Tyne & Wear, England.  It is a two-function
company combining non-ferrous multi-metal stockholding with
electrical busbar manufacturing.

CONTACT:  T.T. NON FERROUS LIMITED
          7 Parson Rd., Parson Industrial Estate
          District 2
          Washington
          Tyne & Wear
          NE37 1EZ
          United Kingdom
          Phone: 0191-416 8888
          Fax: 0191-416 8080

          TENON RECOVERY
          Tenon House, Ferryboat Lane,
          Sunderland SR5 3JN
          Phone: 0191 511 5000
          Fax:   0191 511 5001
          Web site: http://www.tenongroup.com


WHITEHOUSE ENGINEERING: Files for Liquidation
---------------------------------------------
K. Whitehouse, chairman of Whitehouse Engineering (Tamworth)
Limited, informs that resolutions to wind up the company were
passed at an EGM held on Oct. 19 at Holiday Inn, Hinckley Road,
Walgrave, Coventry, West Midlands CV2 2HP.  T. Papanicola of Bond
Partners LLP, The Grange, 100 High Street, London N14 6TG was
appointed liquidator.

Whitehouse Engineering -- http://www.ldb.co.uk/whouse.htm-- is a
toolmaker and subcontract fabricator in the Central Midlands Area
of England.

CONTACT:  WHITEHOUSE ENGINEERING (TAMWORTH) LIMITED
          38 Mill Lane
          Fazeley
          Tamworth
          Staffordshire
          B78 3QD
          United Kingdom
          Phone: (01827) 251469
          Fax: (01827) 251469

          BOND PARTNERS LLP
          The Grange
          100 High Street
          London N14 6TG
          Phone: 020 8444 2000
          Fax: 020 8444 3400
          E-mail: tp@bondpartners.co.uk


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

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

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

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