TCREUR_Public/060113.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Friday, January 13, 2006, Vol. 7, No. 10

                            Headlines

C Z E C H   R E P U B L I C

CZECH AIRLINES: Grants Promo Tickets to Govt Officials
MORAVAN AEROPLANES: Main Lender Spoils Sale
VSEOBECNA ZDRAVOTNI: Audit Discovers Questionable Transactions
VSEOBECNA ZDRAVOTNI: Director's Fate Known Next Week
VSEOBECNA ZDRAVOTNI: To Receive CZK3 Bln this Week


F R A N C E

EMC: Liquidation to Earn Government only EUR60 Million Max
SEFCA: Crashes into Administration


G E R M A N Y

BUHNE GMBH: Creditors' Claims Due March
FJH AG: Majority of Bondholders Convert Debt to Equity
GRUENDER & HOTTEN: Essen Court Appoints Administrator
HELLWICH GMBH: Bielefeld Company Goes Bust
HUEPFILAND GMBH: Claims Filing Period Ends January 30

KARSTADTQUELLE AG: Main Shareholders Eyeing Buyout of Minority
MBS METALL: Bamberg Firm Succumbs to Bankruptcy
PILZ BAUELEMENTE: Proofs of Claim Due Next Month
SACHSENRING AUTOMOBILTECHNIK: Ex-Managers Face Raps
TEAM-SERVICE: Under Bankruptcy Administration

VAN NOORT: Court to Verify Claims March
VIVID COMPANY: Appoints Interim Administrator
VOLKSWAGEN AG: U.S. Unit Targets Breakeven by 2008
WEKA-BAU: Claims Verification Set May


I T A L Y

TISCALI S.P.A.: New Chief Executive Takes over


K A Z A K H S T A N

KOSPROM: Bankruptcy Proceedings Begin
SELHOZKOMPLEKTASIA: Declared Bankrupt
USHKUL: Succumbs to Bankruptcy


K Y R G Y Z S T A N

DORUK: Sets Proofs of Claim Deadline
KRAFT-MASTER: Creditors' Claim Due Next Month
KURCHLO: Calls Creditors Meeting


M A C E D O N I A

ALUMINA AD: Government Reopens Sale


N E T H E R L A N D S

ROYAL SHELL: Faces New Class Action Related to Reserve Scandal
ROYAL SHELL: Buys back 700,000 'A' Shares


R U S S I A

AGRO-KHIM-SNAB: Bankruptcy Supervision Begins
BEREZOVSKIYE: Declared Insolvent
CYBER-COM: Moscow Court Opens Bankruptcy Proceedings
IRKUTSK-METAL-OPT-TORG: Calls in Insolvency Manager
KODA-STROY-COMPLEX: Succumbs to Bankruptcy

POKROVSKIYE FILTERS: Undergoes Bankruptcy Supervision Procedure
PROM-SEVER-TRANS: Insolvency Manager Takes over Firm
SOVETSKIY: Kursk Court Brings in Insolvency Manager
SOV-TEKS: Succumbs to Bankruptcy
UST-KILMEZSKIY REID: Declared Insolvent


S W E D E N

ESSELTE GROUP: Redeems Senior Notes Due 2011


S W I T Z E R L A N D

BARRY CALLEBAUT: Q1 Net Profit Up 15.8% to CHF63.9 Mln
STMICROELECTRONICS N.V.: Earnings Update Out Later this Month


T U R K E Y

TURKCELL ILETISIM: S&P Upgrades Rating to B+; Outlook Positive


U K R A I N E

CHIZHIVSKE: Under Bankruptcy Supervision
MIR: Gives Creditors Until Next Week to File Claims
RGV-METIZ: Goes into Liquidation
TSIVILZHITLOBUD: Bankruptcy Supervision Starts
VILNYANSKAGROINVEST: Declared Insolvent


U N I T E D   K I N G D O M

AWARD INTERNATIONAL: Marketing Firm Calls in Administrator
BACKGROUND THEATRE: Hires Harris Lipman as Administrator
BERKELEY BERRY: EGM Approves Capital Reorganization
BURTON ENVIRONMENTAL: Appoints PwC Administrators
CAPI LIMITED: Clothing Retailer Calls in Administrator

COLT TELECOM: Wins GBP1.6 Million 3i Contract
COSTAIN GROUP: Targets Double-digit Growth in 3 Years
DE BRADELEI: Holding Company Hires Tenon Recovery Administrator
DOLLY BIRDS: Calls in Liquidator from Smith & Williamson
E-SCOPE SOLUTIONS: Names Mazars Liquidator

EX WG: Nine Companies File for Liquidation
F.L. & E. SMALL: Wire Products Manufacturer Folds up
FLEXIBREAKS TRAVEL: Administrator Enters Firm
G. E. CONSTRUCTION: Calls in Liquidator from Fergusson
GOLDEN WONDER: Junk Foods Company Goes Belly-up

JAMES & HODDER: Falls into Liquidation
JAYRIGHT PRESSWORK: In Liquidation
JESSOPS PLC: Calls Annual General Meeting
JUST HOME: Appoints Liquidator
KELSTON ASSET: Financial Services Firm Winds up

LEISURE MARKETING: Calls in Joint Liquidators
LIBERO INTERNATIONAL: Files for Liquidation
MARK SMITH: Liquidator from Sanderlings Moves in
MERCURY ADVERTISING: Hires Administrators from Deloitte & Touche
MICRODATA CORPORATION: Names Tenon Recovery Administrator

MOTORCARE (SWINDON): Appoints Joint Liquidators
MYG INDUSTRIAL: Files for Administration
NORDIC TRADING: Calls in Liquidator from Ward & Co.
ORBITA WELDING: Files for Liquidation
PALM GRAPHIC: Appoints Mazars Liquidator

P J DOYLE: Hires Administrators from Harrisons, Moore Stephens
ROYAL MAIL: Prepares Businesses for New Pricing System
RUNRIG INTERNATIONAL: Administrator Moves in
SANCTUARY RECORDS: Avoids Default with Promise of Share Offering
SKYEPHARMA PLC: Still Seeking Potential Offers

ST. JAMES: Consultancy Firm Hires Administrator
TATLAS HOLDINGS: Names Sharma & Co. Administrator
TRIO DESIGN: Appoints Grant Thornton Administrator
VENTURE COBURG: Calls in Administrators from BDO Stoy Hayward
WM MORRISON: Reports Better Christmas Trading


                            *********


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


CZECH AIRLINES: Grants Promo Tickets to Govt Officials
------------------------------------------------------
Daily Mlada fronta Dnes has noted of Czech Airlines' promotional
trips to politicians at a time when the company is estimated to
report an annual loss of up to CZK330 million.

The report said the state-controlled carrier has offered loyalty
"golden cards" to politicians for free or paid for with state
money and to deputies and senators who frequently fly to
northern Moravia.  Normally, the cards are given to passengers
who have flown more than 50,000 miles with CSA.  It allows them
to travel more comfortably and avail of ticket discounts that
reduce their fares to mere airport fees.

The card is standard marketing tool, according to CSA
spokeswoman Jitka Novotna.

As of 2004, CSA's accumulated losses amounted to CZK1.2 billion.
It expects to post another loss in 2005, although under IFRS,
the figure will appear positive.  The discrepancy is due to a
different method in accounting for financial leasing.  The
report said that, in line with CSA's strategy, the firm should
settle the loss by yearend.

The Finance Ministry holds more than 56% of CSA; the bailout
agency CKA holds the remaining 34%.

CONTACT:  CESKE AEROLINIE A.S.
          Prague Ruzyni Airport
          160 08 Prague, 6, Czech Republic
          Phone: +42 220 104 310
          Fax: +42 224 81 04 26
          Web site: http://www.csa.cz


MORAVAN AEROPLANES: Main Lender Spoils Sale
-------------------------------------------
The sale of bankrupt plane manufacturer Moravan Aeroplanes has
been cancelled, Czech News Agency says.

According to bankruptcy administrator Petr Hajtmar, Canadian
group Frontier Petroleum Services (FPS), Moravan's largest
lender, had demanded a guarantee that it would be paid
preferentially, prompting other creditors to cancel the sale.
The company attracted only one bid from QucomHaps, an Irish
firm.

Moravan-Aeroplanes produces the all-metal ZLIN aircraft ZLIN Z
142C, Z 242L, Z 143L and Z 143Lsi, including spare parts.  It
also operates a service center that is included in the assets
being sold.  The company has 200 staff.

The Regional Court in Brno declared the company bankrupt on June
18, 2004 at the request of management and employees.  The
company owes employees wages worth CZK12 million, over CZK60
million in social security premiums and CZK11 million in taxes.

CONTACT:  MORAVAN-AEROPLANES a.s.
          Letiste 1578
          765 81 Otrokovice
          Phone: +420 576 083 901
          Fax: +420 576 083 929
          E-mail: m.aeroplanes@moravan.cz


VSEOBECNA ZDRAVOTNI: Audit Discovers Questionable Transactions
--------------------------------------------------------------
Jirina Musilkova, director of bankrupt Vseobecna zdravotni
Pojistovna Ceske Republiky (The General Health Insurance
Company, VZP), denied her son was connected to the firm that
sold computers to VZP three years ago.

Jiri Drabek of the Supreme Audit Office (NKU) told the lower
house investigative commission that VZP made disadvantageous
purchases of computers and buildings that cost CZK10 million
more.  He also noted, referring to a newspaper article published
three years ago, that the order was placed to the Hewlett-
Packard (HP) company where Ms. Musilkova's son had worked as a
deputy director.

Ms. Musilkova said her son had never been a deputy director and
that he worked at HP abroad.  She said the firm preferred HP's
offer over another, which didn't have a Microsoft license.
NKU's investigation covered the period 1993 to 2001.  Ms.
Musilkova assumed her post in 1999.

NKU also said it found several shortcomings in the firm's audit,
but ODS deputy Michal Doktor said the investments mentioned make
up only 1.2% of the company's turnover worth hundreds of
billions of crowns.  He suggests the NKU check more fundamental
items.  Some deputies have criticized Mr. Drabek for quoting
information from the papers.

Health Minister David Rath, who put VZP into forced
administration in November, blames Ms. Musilkova for VZP's debt
that has amounted to CZK14 billion.  He has accused the
opposition party ODS of using VZP for their benefit.  The ODS,
in turn, has hurled allegations of corruption against him during
his stint as head of the Czech Doctors Chamber.

CONTACT:  VSEOBECNA ZDRAVOTNI POJISTOVNA CESKE REPUBLIKY
          Orlicka 4/2020
          130 00 Praha 3
          Phone: 221 751 111
          E-mail: info@vzp.cz
          Web site: http://www.vzp.cz


VSEOBECNA ZDRAVOTNI: Director's Fate Known Next Week
----------------------------------------------------
The Lower House of the Chamber of Deputies will meet on Jan. 17
to discuss Jirina Musilkova's dismissal as director of Vseobecna
zdravotni Pojistovna Ceske Republiky (VZP), Czech Happenings
says.

The 200-seat Lower House, controlled by the Social Democrats
(CSSD) and Communists (KSCM) with 111 seats, is expected to vote
for Ms. Musilkova's ouster.  The opposition Civic Democratic
Party (ODS), however, vows to block them, ODS deputy chairman
Ivan Langer said.  The Christian Democrats and the Freedom Union
have not revealed their stand yet.

The house will also name the insurance group's new chief, for
which VZP Prague chief Josef Cekal is the top contender.  The
house may defer its decision until Jan. 24, when regular
sessions resume.

Health Minister David Rath placed VZP under forced
administration on Nov. 10, citing a need to stabilize the
heavily indebted group.  He likewise appointed Antonin Pecenka
administrator.

VZP, which operates on an annual budget of CZK200 billion, has
racked up debt of CZK14 billion, which Mr. Rath has blamed on
the poor performance of Ms. Musilkova.  She has vehemently
denied the charges.  She was supposed to resign on Jan. 1, but
she decided against it pending her dismissal and the election of
a new director.

CONTACT:  VSEOBECNA ZDRAVOTNI POJISTOVNA CESKE REPUBLIKY
          Orlicka 4/2020
          130 00 Praha 3
          Phone: 221 751 111
          E-mail: info@vzp.cz
          Web site: http://www.vzp.cz


VSEOBECNA ZDRAVOTNI: To Receive CZK3 Bln this Week
--------------------------------------------------
The government has agreed to release early the insurance premium
the government pays to Vseobecna zdravotni Pojistovna Ceske
Republiky (VZP).

Government spokesman Lucie Orgonikova said Prime Minister Jiri
Paroubek, Health Minister David Rath and Finance Minister
Bohuslav Sobotka on Wednesday agreed to give the CZK3 billion by
week's end.  The amount is the government's annual premium for
children, pensioners, and the unemployed.  The money will allow
VZP to immediately shorten by 10 to 12 days the two-month delay
in the payment of doctors and hospitals.

The Health Ministry placed VZP under forced administration on
Nov. 10 and appointed Antonin Pecenka administrator.

CONTACT:  VSEOBECNA ZDRAVOTNI POJISTOVNA CESKE REPUBLIKY
          Orlicka 4/2020
          130 00 Praha 3
          Phone: 221 751 111
          E-mail: info@vzp.cz
          Web site: http://www.vzp.cz


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


EMC: Liquidation to Earn Government only EUR60 Million Max
----------------------------------------------------------
The cost of liquidating state-owned chemicals, fertilizer and
animal feed company, EMC, could reach a staggering EUR650
million, according to Les Echos.

Several of EMC's units still need to be recapitalized or
restructured prior to their sale, the paper explains.  The catch
is, these assets are only expected to generate EUR40-60 million.
Liquidator Francois Rocchi has three years to complete the
process.


SEFCA: Crashes into Administration
----------------------------------
The commercial court of Salon-de-Provence has placed Societe
d'Etude de Fabrication et de Controle Aeronautique (SEFCA) under
court-supervised administration, Les Echos says.

Ironically, SEFCA is experiencing difficulty just as the
aeronautics industry is recovering, following a three-year
slump.  According to the group, the increase orders, following
the launch of Airbus A380 and Dassault's new executive plane,
forced it to hire 100 more employees.  SEFCA said this exhausted
its cash reserves.

The group is hoping to find a new owner, particularly a major
aeronautics group that has the capacity to deal with
considerable fluctuations in order intake.  Several companies
have reportedly expressed interest in acquiring the group.

SEFCA, one of country's most important suppliers of equipment to
the aeronautics industry, has a turnover of EUR28 million and a
490 workforce.

CONTACT:  SOCIETE D'ETUDE, DE FABRICATION ET DE CONTROLE
          AERONAUTIQUE
          30 Av Georges Guynemer
          31770 Colomiers
          Phone: +33 562 74 89 89
          Fax: +33 562 74 89 80


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


BUHNE GMBH: Creditors' Claims Due March
---------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against Buhne GmbH on January 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until March 31, 2006 to register their
claims with court-appointed provisional administrator Dr.
Christoph Schulte-Kaubruegger.

Creditors and other interested parties are encouraged to attend
the meeting on February 7, 2006, 9:40 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, at which time the administrator will present his first
report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report on May
30, 2006, 9:30 a.m. at the same venue.

CONTACT:  BUHNE GmbH
          Ackerstr. 93,13355 Berlin

          Dr. Christoph Schulte-Kaubruegger, Administrator
          Genthiner Str. 48, 10785 Berlin


FJH AG: Majority of Bondholders Convert Debt to Equity
------------------------------------------------------
The Prime Standard-listed consulting and software house FJH AG
(ISIN DE 0005130108) revealed that almost 85% of the 2005/2010
convertible bond have already been converted into 3,338,416 new
shares during the first conversion period, which ran from Dec.
1 to 30, 2005.

The company believes the high conversion rate reflects the
confidence that the holders of the convertible bonds have in FJH
AG's future development.  The high conversion rate implies
forecasted interest expenditure will fall by more than 650,000
euros per year.

As a result of the conversion options being exercised the
Company's share capital has increased from 12,324,000 euros to
15,662,416 euros.  The shares from the convertible bond have
been admitted for trading since the end of December 2005 and
have been registered in the subscribers' custody accounts.

The shares from the 2005 cash capital increases that were
implemented in September and November 2005 are expected to be
admitted to trading in January 2006 once the listing particulars
have been approved by the Federal Finance Supervisory Authority
(BaFin), which is also expected in January.

About FJH

FJH AG is a leading consultancy and software house for the
insurance and pensions market.  Under its brand name FJA the FJH
Group offers a broad portfolio of software solutions to support
insurance companies and pension providers in all key areas and
issues.  Products include policy administration systems, process
and document management software and point-of-service solutions
through to systems for asset liability management and corporate
control.

FJH has longstanding business relations with around half of all
life insurers in Germany for whom it has successfully
implemented numerous major projects over the last 25 years; its
clients also include renowned health and non-life insurers.
Globally, its software is used in 20 countries spanning three
continents, including the U.S.A. and Australia and many Eastern
European countries.  In addition to its headquarters in Munich
the FJH Group also has offices in Hamburg, Cologne and
Stuttgart.  It also has subsidiaries in Switzerland, Austria,
the USA and Slovenia.

The Company was founded in 1980 and has been listed on the
Frankfurt Stock Exchange since February 2000.  FJH AG was
included in the Prime Standard index in January 2003.

CONTACT:  FJH AG
          Elsenheimerstr. 65
          80687 Munich
          Phone: +49-(0) 89-769-01-517
          Fax: +49-(0) 89-769-01-606
          Web site: http://www.fjh.com

          Eva Hesse
          Phone: +49-(0) 89-769-01-274
          Fax: +49-(0) 89-769-01-606
          E-mail: eva.hesse@fjh.com


GRUENDER & HOTTEN: Essen Court Appoints Administrator
-----------------------------------------------------
The district court of Essen opened bankruptcy proceedings
against Gruender & Hotten GmbH & Co. KG on January 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 15,
2006 to register their claims with court-appointed provisional
administrator Rolf Otto Neukirchen.

Creditors and other interested parties are encouraged to attend
the meeting on March 1, 2006, 1:55 p.m. at the district court of
Essen, Hauptstelle, Zweigertstr. 52, 45130 Essen, 2. OG, gelber
Bereich, Saal 293, 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:  GRUENDER & HOTTEN GmbH & Co. KG
          Bonifaciusring 9, 45309 Essen
          Contact:
          Werner Rittmann, Manager

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


HELLWICH GMBH: Bielefeld Company Goes Bust
------------------------------------------
The district court of Bielefeld opened bankruptcy proceedings
against Hellwich GmbH on December 30.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until February 15, 2006 to register their claims
with court-appointed provisional administrator Dr. Alexander
Geilert.

Creditors and other interested parties are encouraged to attend
the meeting on March 8, 2006, 10:50 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:  HELLWICH GmbH
          Vogelruth 15, 33647 Bielefeld
          Contact:
          Aleksander Hellwich, Manager

          Dr. Alexander Geilert, Administrator
          Otto-Brenner-Str. 186, 33604 Bielefeld


HUEPFILAND GMBH: Claims Filing Period Ends January 30
-----------------------------------------------------
The district court of Duesseldorf opened bankruptcy proceedings
against Huepfiland GmbH on January 3.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until January 30 to register their claims with
court-appointed provisional administrator Georg Kreplin.

Creditors and other interested parties are encouraged to attend
the meeting on February 20, 2006, 9:10 a.m. at the district
court of Duesseldorf, Hauptstelle, Muehlenstrasse 34, 40213
Duesseldorf, 3.OG Altbau, A 388, 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:  HUEPFILAND GmbH
          Paul-Thomas-Str. 51, 40589 Duesseldorf
          Contact:
          Silvia Nebermann, Manager
          Moorbirkenweg 41, 42781 Haan

          Georg Kreplin, Administrator
          Berliner Allee 21, 40212 Duesseldorf


KARSTADTQUELLE AG: Main Shareholders Eyeing Buyout of Minority
--------------------------------------------------------------
KarstadtQuelle AG's core shareholders are planning to fully
control, delist and split the troubled retail giant, AFX News
says citing insiders.

A local report suggests that Madeleine Schickedanz, who has been
increasing her stake in the group, and other main shareholders
have hired investment bank Goldman Sachs to review a possible
offer to other investors.  Before Christmas, Ms. Schickedanz and
her troupe -- who together control 90% of KarstadtQuelle -- were
reportedly mulling a EUR15 per share offer.

Chief Executive Thomas Middelhoff, however, said at the group's
annual general meeting in May 2005 that KarstadtQuelle's
delisting or split is unlikely to happen.  In an interview with
AFX News, a KarstadtQuelle spokesman denied that the group has
hired Goldman Sachs.

                            *   *   *

Based in Theodor-Althoff-Str. 2, D-45133 Essen, KarstadtQuelle
AG -- http://www.karstadtquelle.com-- is Germany's largest
department store and mail order group.  It has annual sales of
EUR13.5 billion and employs around 90,000.  The retailer has
been suffering from sluggish consumption and high unemployment
rate in Germany.  KarstadtQuelle posted an EBITDA of -EUR428
million in 2004.  The group is currently restructuring
operations by selling off non-core assets and implementing cost-
saving measures.

CONTACT:  KARSTADTQUELLE AG
          Theodor-Althoff-Str. 2
          D-45133 Essen
          Phone: +49-201-727-1
          Fax: +49-201-727-5216
          Web site: http://www.karstadtquelle.com


MBS METALL: Bamberg Firm Succumbs to Bankruptcy
-----------------------------------------------
The district court of Bamberg opened bankruptcy proceedings
against MBS Metall Verwaltungs GmbH on December 28.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 1,
2006 to register their claims with court-appointed provisional
administrator Thomas Linse.

Creditors and other interested parties are encouraged to attend
the meeting on March 15, 2006, 9:00 a.m. at the district court
of Bamberg, Sitzungssaal 317, Synagogenplatz 1, 96047 Bamberg,
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:  MBS METALL VERWALTUNGS GmbH
          Jackstr. 35 in 96052 Bamberg
          Contact:
          Werner Schick, Manager

          Thomas Linse, Administrator
          Rosenauer Str. 22, 96450 Coburg
          Phone: 09561/8034-0
          Fax: 09561/8034-34


PILZ BAUELEMENTE: Proofs of Claim Due Next Month
------------------------------------------------
The district court of Bochum opened bankruptcy proceedings
against Pilz Bauelemente Vertriebsgesellschaft mbH on December
29.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until February
17, 2006 to register their claims with court-appointed
provisional administrator Manfred Gottschalk.

Creditors and other interested parties are encouraged to attend
the meeting on March 20, 2006, 8:30 a.m. at the district court
of Bochum, Hauptstelle, Viktoriastrasse 14, 44787 Bochum,
Erdgeschoss, Saal A29, 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:  PILZ BAUELEMENTE VERTRIEBSGESELLSCHAFT mbH
          Wideystr. 44, 58452 Witten
          Contact:
          Michael Neumeyer, Manager
          Breslauer Str. 74, 44581 Castrop-Rauxel

          Manfred Gottschalk, Administrator
          Kirchender Dorfweg 14, 58313 Herdecke
          Phone: (02330) 8088-0
          Fax: (02330) 8088-88


SACHSENRING AUTOMOBILTECHNIK: Ex-Managers Face Raps
---------------------------------------------------
Three former management board members of Sachsenring
Automobiltechnik AG are facing legal action for allegedly
delaying the group's insolvency, Suddeutsche Zeitung says.

Accordingly, Ulf and Ernst Wilhelm Rittinghaus and Jurgen Rabe
deliberately delayed the group's insolvency despite knowing its
over-indebtedness.  The prosecution claims the Rittinghaus,
which acquired the group in 1993, presented an inaccurate DM3.4
million profit for Sachsenring, when in fact the automotive
technology specialist had suffered losses.  Sachsenring declared
insolvency in May 2002.

Sachsenring Automobiltechnik AG manufactures commercial and
specialized vehicles as well as system components and modules
for the automotive industry.  In 2001, the group posted EUR271
million in sales and employed 1,422 people.

CONTACT:  SACHSENRING AUTOMOBILTECHNIK AG
          Crimmitschauer Strasse 67
          08058 Zwickau
          Phone:  +49 375 5096-0
                  +49 375 5096-181
          Web site: http://www.sachsenring-ag.de


TEAM-SERVICE: Under Bankruptcy Administration
---------------------------------------------
The district court of Bielefeld opened bankruptcy proceedings
against TEAM-SERVICE Kallweit und Kranzmann oHG on January 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 21,
2006 to register their claims with court-appointed provisional
administrator Axel Geese.

Creditors and other interested parties are encouraged to attend
the meeting on March 14, 2006, 10:30 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:  TEAM-SERVICE KALLWEIT UND KRANZMANN oHG
          Kollerbreite 20, 33699 Bielefeld
          Contact:
          Regina Kallweit, Manager
          Dengelstr. 14, 33729 Bielefeld
          Karin Kranzmann, Manager
          Ladestr. 12, 33729 Bielefeld

          Axel Geese, Administrator
          Adenauerplatz 4, 33602 Bielefeld


VAN NOORT: Court to Verify Claims March
---------------------------------------
The district court of Bochum opened bankruptcy proceedings
against van Noort Blumenhandel GmbH & Co. KG on January 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 20,
2006 to register their claims with court-appointed provisional
administrator Moritz Hansberg.

Creditors and other interested parties are encouraged to attend
the meeting on March 23, 2006, 9:40 a.m. at the district court
of Bochum, Hauptstelle, Viktoriastrasse 14, 44787 Bochum,
Erdgeschoss, Saal A29, 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:  VAN NOORT BLUMENHANDEL GmbH & Co. KG,
          Wieschermuehlenstr. 23, 44791 Bochum
          Contact:
          Paulus Martinus van Noort, Manager

          Moritz Hansberg, Administrator
          Huestrasse 34, 44787 Bochum
          Phone: 0234 - 964 91-0
          Fax: 0234 - 964 91-33


VIVID COMPANY: Appoints Interim Administrator
---------------------------------------------
The district court of Bielefeld opened bankruptcy proceedings
against vivid company GmbH & Co. KG on January 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until February 23, 2006 to
register their claims with court-appointed provisional
administrator Andreas Stratenwerth.

Creditors and other interested parties are encouraged to attend
the meeting on March 16, 2006, 9:30 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:  VIVID COMPANY GmbH & Co. KG
          Senner Hellweg 59, 33659 Bielefeld
          Contact:
          Friedrich Klausing, Manager
          Ramselweg 19, 33647 Bielefeld
          Friedrich Wilhelm, Manager
          Wittenstein, Erikenstr. 87, 33334 Guetersloh

          Andreas Stratenwerth, Administrator
          Lemgoer Str. 4, 33604 Bielefeld


VOLKSWAGEN AG: U.S. Unit Targets Breakeven by 2008
--------------------------------------------------
Volkswagen AG aims to increase U.S. sales to 300,000 to break
even by 2008, the Financial Times.

Adrian Hallmark, head of Volkswagen U.S.A., said the division's
aim to return to black would be aided by the launch of Jetta and
Passat saloons, and improved marketing schemes.

The World Advertising Research Center (WARC) also quoted him as
saying: "We were one of -- if not the -- hippest brand in the
States in the early 21st century.  We want to get back to that
exciting, must-have brand positioning we once had."

WARC noted, however, that current U.S. and Canadian buyers are
looking for "macho and roomy" rather than "cute and quirky"
which were qualities that made VW Beetles a hit decades ago.

Last year, Volkswagen's losses in North America reached almost
EUR1 billion reportedly due to poor timing of model switches;
the weakening dollar versus the euro; and the carmaker's
association with low quality vehicles.  Volkswagen sold just
224,000 vehicles in the U.S. last year.  The brand belongs to
the bottom quartile of the JD Power survey of perceived
automobile quality.

Losses are expected to "substantially" decrease with further
improvement next year.  "But that will only get us to survival.
Beyond 2008 what I'm working on is product strategy in terms of
more segments and opportunities," Mr. Hallmark stressed.

CONTACT:  VOLKSWAGEN AG
          Brieffach 1848-2
          38436 Wolfsburg, Germany
          Phone: +49 53 61 90
          Fax: +49 53 61 92 82 82
          Web site: http://www.volkswagen.de


WEKA-BAU: Claims Verification Set May
-------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against Weka-Bau GmbH on December 28.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until March 21, 2006 to
register their claims with court-appointed provisional
administrator Dr. Joachim Heitsch.

Creditors and other interested parties are encouraged to attend
the meeting on February 16, 2006, 9:15 a.m. at the district
court of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II.
Stock Saal 218, at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report on May
18, 2006, 9:00 a.m. at the same venue.

CONTACT:  WEKA-BAU GmbH
          Glatzer Strasse 5,10247 Berlin

          Dr. Joachim Heitsch, Administrator
          Berliner Str. 117, 10713 Berlin


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


TISCALI S.P.A.: New Chief Executive Takes over
----------------------------------------------
The Board of Directors of Tiscali S.p.A. has appointed Tommaso
Pompei Chief Executive Officer of the Tiscali Group.

Tommaso Pompei will lead the Tiscali Group towards a new
development phase pursuing the opportunities offered by a
dynamic and rapidly evolving market.

Ruud Huisman, who quit his managing role on 31 October 2005, has
resigned from the Board of Directors and from all his other
responsibilities within the Group.

The Tiscali Group wish to thank Ruud Huisman for the work
performed firstly as CEO of Tiscali Netherlands and then as CEO
of the Group successfully implementing the refocusing and
refinancing plans.

                        About the Company

Headquartered in Cagliari, Italy, Tiscali has more than 7
million subscribers, of which over 1.5 million are broadband
users.  It has sold non-core assets to raise money to cover a
EUR250 million bond that matured in July.

As of March 31, Tiscali's financial assets totaled EUR180.2
million while debt amounted to EUR381.7 million.  Pre-tax loss
in the first-quarter amounted to EUR17.9 million.  Fitch gives
the company a short-term rating of 'B' and rates its senior
unsecured debt 'CCC+'.  Tiscali Finance S.A.'s EUR250 million
guaranteed floating-rate notes, which fell due in July, and its
EUR209.5 million guaranteed equity-linked bonds due in September
2006 are rated 'CCC+'.

CONTACT:  TISCALI S.p.A.
          Sa Illetta
          09122 Cagliari
          Phone: +39 02 309011
          E-mail: ir@tiscali.com
          Web site: http://www.tiscali.com


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


KOSPROM: Bankruptcy Proceedings Begin
-------------------------------------
The Specialized Inter-Regional Economic Court of Almaty
commenced bankruptcy proceedings against LLC Kosprom on November
28, 2005.

CONTACT:  LLC KOSPROM
          Almaty, Auezova Str.67.


SELHOZKOMPLEKTASIA: Declared Bankrupt
-------------------------------------
The Specialized Inter-Regional Economic Court on North
Kazakhstan Region declared agricultural firm LLC
"SELHOZKOMPLEKTASIA" bankrupt on November 21, 2005.  Creditors
may submit their proofs of claim to Petropavlovsk, Jumabayeva
Str., 109-506 until February 13, 2006.

CONTACT:  SELHOZKOMPLEKTASIA
          Petropavlovsk,
          Jumabayeva Str. 109-506


USHKUL: Succumbs to Bankruptcy
------------------------------
The Specialized Inter-Regional Economic Court on North
Kazakhstan Region declared LLC Ushkul bankrupt on November 18,
2005.  Creditors may submit their proofs of claim to
Petropavlovsk, Jumabayeva Str. 109-506 until February 13, 2006.

CONTACT:  USHKUL
          Petropavlovsk,
          Jumabayeva Str. 109-506


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


DORUK: Sets Proofs of Claim Deadline
------------------------------------
LLC DORUK, which recently became insolvent, will accept proofs
of claim until February 27, 2006

CONTACT:  DORUK
          Bishkek, Hvoinaya Str. 64


KRAFT-MASTER: Creditors' Claim Due Next Month
---------------------------------------------
LLC Kraft-Master, which recently became insolvent, will accept
proofs of claim until February 27, 2006

CONTACT:  KRAFT-MASTER
          Bishkek, Kievskaya Str. 120


KURCHLO: Calls Creditors Meeting
--------------------------------
The temporary insolvency manager of Private Firm Kurchlo will
meet its creditors on February 24, 2006, 3:00 p.m. at Bishkek,
Chui Ave. House 4, building of the State Taxation Inspection of
the Sverdlovsk District on Bishkek, Room 211.

Agenda:

(a) Approval of temporary insolvency manager's final report;

(b) Completion of bankruptcy supervision procedure; and

(c) Others

Proxies must have authorization to vote.

CONTACT:  KURCHLO
          Bishkek, Chui Ave.
          House 4, Room 211


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


ALUMINA AD: Government Reopens Sale
-----------------------------------
The Former Yugoslav Republic of Macedonia (FYROM) is selling
bankrupt aluminum production site Alumina A.D. Skopje, The
Reporter says.

Alumina's board of creditors had scrapped a similar tender after
failing to attract serious buyers.  The board also lowered the
initial price for this year's international tender to EUR14.4
million from EUR18 million.  The board retained the same
criteria for choosing the winning bidder: 70% on the offered
price; 20% for the proposed business plan; and 10% for hiring
former employees.  Interested buyers have until Feb. 7 to submit
their bids.

The previous tender attracted companies from Greece, the Czech
Republic, Slovenia and Australia, but failed to push through
since no one submitted a bid.

Alumina A.D. is engaged in processing semi-aluminum metals for
the construction industry.  It has branches in Sarajevo,
Belgrade, Warsaw, Kuwait, Timisoara and Sofia.  At its peak, the
group had annual revenue of EUR30 million and had around 800
employees.  The group declared bankruptcy in March 2004 after
incurring around EUR17 million in debt to Stopanska Banka and
Komercijalna Banka.

CONTACT:  ALUMINA A.D. SKOPJE
          Mitropolit T. Gologanov 164 Skopje
          Phone: +389-91-364110
                 +389-91-364272


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


ROYAL SHELL: Faces New Class Action Related to Reserve Scandal
--------------------------------------------------------------
A group of institutional investors has filed a class action
against Royal Dutch Shell plc for damages related to the oil
company's reserves scandal, said The Guardian.

Led by Netherlands-based ABP Investments, the 26-strong group is
claiming several hundred-million dollars for losses incurred
after Shell admitted overstating proved reserves by almost 6
billion barrels between January 2004 and February last year.

Shell has vowed "to vigorously defend itself against the
action."  Spokesmen for the company said Shell could not comment
further on the pending case nor speculate on a possible
settlement.  The case was filed in New Jersey against the
company as well as past and current directors, including Chief
Executive Jeroen van der Veer.

Meanwhile, Shell's reputation still suffers from a wider class
action on the same issue pending in the U.S.  The company has
been fined EUR150 million in total after investigations launched
by U.S. and British regulators.  The scandal has also seen the
exit of three top executives, including former Chairman
Philip Watts.

The company has already shelled out US$90 million to settle one
related lawsuit launched by an American investor, while the
Financial Services Authority has cleared Mr. Watts of personal
wrongdoing.

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

          ABP INVESTMENTS
          P.O. Box 2889
          6401 DJ Heerlen
          Oude Lindestraat 70
          6411 EJ Heerlen
          The Netherlands
          Phone: + 31 (0)45 579 15 32
          Fax: + 31 (0)45 579 15 25


ROYAL SHELL: Buys back 700,000 'A' Shares
-----------------------------------------
On 11 January 2006, Royal Dutch Shell plc purchased for
cancellation 550,000 'A' Shares at a price of EUR26.80 per
share.  It further purchased for cancellation 150,000 'A' Shares
at a price of 1,841.95 pence per share.

Following the cancellation of these shares, the remaining number
of 'A' Shares of Royal Dutch Shell plc will be 3,935,977,974.

As of that date, 2,759,360,000 'B' Shares of Royal Dutch Shell
plc were in issue.

                            *   *   *

In 2005, Shell returned US$5 billion to shareholders in 2005 via
market purchases of shares.  This target included shares
purchased for cancellation by The Shell Transport and Trading
Company plc and Royal Dutch Petroleum Company prior to the Group
unification of US$0.5 billion.  The Company expects to continue
its buyback program in 2006 and will provide an update on the
2006 buy back program with the full year results announcement on
February 2, 2006.

Shell's buyback scheme is aimed at reviving shareholders' and
investors' confidence.  The buyback program follows a damaging
reserves overestimation scandal last year.

                        About the Company

Royal Dutch Shell plc, incorporated in England and Wales, is
headquartered in The Hague and listed on the London, Amsterdam,
and New York stock exchanges.  Shell companies have operations
in more than 145 countries with businesses including oil and gas
exploration and production; production and marketing of
Liquefied Natural Gas and Gas to Liquids; manufacturing,
marketing and shipping of oil products and chemicals and
renewable energy projects including wind and solar power.

                           The Trouble

Shell admitted overstating proved reserves by almost 6 billion
barrels between January 2004 and February last year.  This led
to the ouster of three top executives, including former Chairman
Philip Watts.  The company was fined EUR150 million in total
after investigations launched by U.S. and British regulators.
Shell has since revised the method by which it calculates
reserves to comply with U.S. regulations.  Shell's proved
reserves stood at 10.2 billion barrels at the end of
2004.

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


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


AGRO-KHIM-SNAB: Bankruptcy Supervision Begins
---------------------------------------------
The Arbitration Court of Belgorod region has commenced
bankruptcy supervision procedure on limited liability company
Agro-Khim-Snab.  The case is docketed as A08-6758/05-24 "B".
Mr. V. Bushuev has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 309504, Russia,
Belgorod region, Starooskolskiy region, PromPloshadka
Silikatnaya #2.

CONTACT:  AGRO-KHIM-SNAB
          309926, Russia, Belgorod region,
          Konnogvardeyskiy region, Zasosna, Lenina Str. 147

          V. BUSHUEV
          Temporary Insolvency Manager
          309504, Russia, Belgorod region, Starooskolskiy
          region, PromPloshadka Silikatnaya #2

          ARBITRATION COURT OF BELGOROD REGION
          308600, Russia, Belgorod region,
          Narodnaya Str. 135


BEREZOVSKIYE: Declared Insolvent
--------------------------------
The Arbitration Court of Sverdlovsk region commenced bankruptcy
proceedings against Berezovskiye after finding the close joint
stock company insolvent.  The case is docketed as A60-29146/05-
S11.  Ms. A. Nikulina has been appointed insolvency manager.
Creditors may submit their proofs of claim to 620039, Russia,
Ekaterinburg, Post User Box 57.

CONTACT:  BEREZOVSKIYE
          Russia, Berezovskiy,
          Chapaeva Str. 39a

          A. NIKULINA
          Insolvency Manager
          620039, Russia, Ekaterinburg,
          Post User Box 57


CYBER-COM: Moscow Court Opens Bankruptcy Proceedings
----------------------------------------------------
The Arbitration Court of Moscow region commenced bankruptcy
proceedings against Cyber-Com after finding the close joint
stock company insolvent.  The case is docketed as A40-57198/05-
103-106 "B".  Ms. N. Sotneva has been appointed insolvency
manager.  Creditors may submit their proofs of claim to 6003018,
Russia, Nizhniy Novgorod, Post User Box 15.

CONTACT:  CYBER-COM
          Russia, Moscow region,
          16th Parkovaya Str. 21, Building 1

          N. SOTNEVA
          Insolvency Manager
          6003018, Russia, Nizhniy Novgorod region,
          Post User Box 15


IRKUTSK-METAL-OPT-TORG: Calls in Insolvency Manager
---------------------------------------------------
The Arbitration Court of Irkutsk region commenced bankruptcy
proceedings against Irkutsk-Metal-Opt-Torg (TIN 3810023523)
after finding the limited liability company insolvent.  The case
is docketed as A19-3906/05-34.  Mr. I. Boldakov has been
appointed insolvency manager.

CONTACT:  IRKUTSK-METAL-OPT-TORG
          664053, Russia,
          Irkutsk region, Gorka St.

          I. BOLDAKOV
          Insolvency Manager
          Russia, Irkutsk region,
          Khomutovo, Rogal Str. 11


KODA-STROY-COMPLEX: Succumbs to Bankruptcy
------------------------------------------
The Arbitration Court of Khanty-Mansiyskiy autonomous region
commenced bankruptcy proceedings against Koda-Stroy-Complex
after finding the close joint stock company insolvent.  The case
is docketed as A-75-4682/2005.  Mr. S. Abyshev has been
appointed insolvency manager.

CONTACT:  KODA-STROY-COMPLEX
          628100, Russia, Khanty-Mansiyskiy autonomous region,
          Oktyabrskiy region, Oktyabrskoye, Kalinina Str. 44-7

          S. ABYSHEV
          Insolvency Manager
          628100, Russia, Khanty-Mansiyskiy autonomous region,
          Oktyabrskiy region, Oktyabrskoye, Kalinina Str. 44-7


POKROVSKIYE FILTERS: Undergoes Bankruptcy Supervision Procedure
---------------------------------------------------------------
The Arbitration Court of Saratov region has commenced bankruptcy
supervision procedure on close joint stock company Pokrovskiye
Filters.  The case is docketed as A57-405B/05-23.  Mr. A.
Antonenko has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 410004, Russia,
Saratov, Chernyshevskogo Str. 88.  A hearing will take place on
February 14, 2006, 3:30 p.m.

CONTACT:  POKROVSKIYE FILTERS
          413118, Russia, Saratov region,
          Engels, Lenina Str. 210

          A. ANTONENKO
          Temporary Insolvency Manager
          410004, Russia, Saratov region,
          Chernyshevskogo Str. 88


PROM-SEVER-TRANS: Insolvency Manager Takes over Firm
----------------------------------------------------
The Arbitration Court of Khanty-Mansiyskiy autonomous region
commenced bankruptcy proceedings against Prom-Sever-Trans after
finding the close joint stock company insolvent.  The case is
docketed as A-75-5861/2005.  Mr. R. Shafikov has been appointed
insolvency manager.

CONTACT:  PROM-SEVER-TRANS
          Russia, Khanty-Mansiyskiy autonomous region - Yugra,
          Nizhnevartovsk, Samotlornaya Str. 20

          R. SHAFIKOV
          Insolvency Manager
          628624, Russia, Khanty-Mansiyskiy autonomous region,
          Nizhnevartovsk, Druzhby Narodov Str. 31, Apartment 93
          Phone/Fax: (8-3466) 129-791


SOVETSKIY: Kursk Court Brings in Insolvency Manager
---------------------------------------------------
The Arbitration Court of Kursk region commenced bankruptcy
proceedings against Sovetskiy after finding the company
insolvent.  The case is docketed as A35-2214/05 "g".  Mr. A.
Fomin has been appointed insolvency manager.

CONTACT:  SOVETSKIY
          306600, Russia, Kursk region,
          Sovetskiy region, Kshenskiy, Sverdlova Str. 1

          A. FOMIN
          Insolvency Manager
          107045, Russia, Moscow region,
          Sretenskiy Avenue, 5, Post User Box 161


SOV-TEKS: Succumbs to Bankruptcy
--------------------------------
The Arbitration Court of Ivanovo region commenced bankruptcy
proceedings against Sov-Teks after finding the close joint stock
company insolvent.  The case is docketed as A17-1300/05-1-B.
Ms. A. Nekhina has been appointed insolvency manager.

CONTACT:  SOV-TEKS
          Russia, Ivanovo region,
          Kokhma, Sovetskaya Str. 23

          A. NEKHINA
          Insolvency Manager
          127486, Russia, Moscow, Korovinskoye Shosse 10,
          Building 2, Office 37


UST-KILMEZSKIY REID: Declared Insolvent
---------------------------------------
The Arbitration Court of Kirov region commenced bankruptcy
proceedings against Ust-Kilmezskiy Reid (TIN 4334001593) after
finding the open joint stock company insolvent.  The case is
docketed as A28-61/05-106/10.  Mr. A. Krotov has been appointed
insolvency manager.

CONTACT:  UST-KILMEZSKIY REID
          Russia, Kirov region, Urzhumskiy region,
          Donaurovo, Lesnaya Str. 25

          A. KROTOV
          Insolvency Manager
          610014, Russia, Kirov region,
          Shorsa Str. 95-117


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


ESSELTE GROUP: Redeems Senior Notes Due 2011
--------------------------------------------
7% Senior Notes due 2011
ISIN No. XS0187070122 and ISIN No. XS0187069462

Pursuant to Article III of that certain indenture, dated as of
March 2, 2004, as supplemented by the Supplemental Indenture,
dated as of May 13, 2004, the Second Supplemental Indenture,
dated as of April 27, 2005, and the Third Supplemental
Indenture, dated as of November 2, 2005, among Esselte Group
Holdings AB (publ), the Subsidiary Guarantors listed as
signatories thereto and The Bank of New York, as Trustee,
Transfer Agent, Paying Agent, Registrar, Proceeds Loan Security
Agent and Subordinated Share Security Agent, the Company
redeemed on Dec. 23, 2005 all of its outstanding 7% Senior Notes
due 2011.

As a result, notice is hereby given to the Irish Stock Exchange
of the delisting of the Securities from the Irish Stock
Exchange.

     Listing Agent:

     Global Listing Services
     The Bank of New York
     One Canada Square
     London E14 5AL
     Attention:  Florin Coseraru
     Phone: +44(0)20 7964 5144

Esselte Group Holdings AB -- http://www.esselte.com/-- with
executive offices in Stamford, Connecticut, is the leading
global office supplies manufacturer with annual sales of
approximately US$1 billion, subsidiaries in 33 countries and
approximately 5,000 employees worldwide.  The company develops
innovative solutions that simplify the modern home and
workplace.

Esselte sells more than 20,000 different office & craft products
in over 120 countries; its principal brands include Esselte,
Leitz, Oxford, Pendaflex and Xyron.

                            *   *   *

Standard & Poor's Ratings Services rated the company's 5-7/8%
Senior Secured Notes due 2014 at BB+.

In July, following the announcement of the sale, Moody's placed
the firm's corporate family rating (formerly senior implied
rating) of B2, and EUR150 million 7 5/8% senior notes (due 2011)
of Caa1 under review for possible upgrade.

CONTACT:  ESSELTE GROUP
          44 Commerce Road,
          Stamford, CT 06902-4561, U.S.A.
          Media Contact:
          Phone: +1 203.355.9022
          Fax: +1 203.355.9010
          Web site: http://www.esselte.com


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


BARRY CALLEBAUT: Q1 Net Profit Up 15.8% to CHF63.9 Mln
------------------------------------------------------
Barry Callebaut AG, the world's leading manufacturer of high-
quality cocoa and chocolate products, reports results for the
first quarter of fiscal year 2005/06 ended November 30, 2005.
Sales volumes went up organically by 2% to nearly 300,000 tons.
As a result of higher sales volumes, slightly higher underlying
cocoa bean prices, a better product mix in Consumer Products and
positive currency effects, sales revenue grew faster than sales
volumes, namely by 3.8% to CHF1.2 billion.  Sales revenue in the
Cocoa business unit was affected by the substantially lower
powder ratios as expected.

In Consumer Products Europe unprofitable volumes were
deliberately discontinued in the course of 2005, and this had an
effect on the first quarter of the current fiscal year.
Operating profit (EBIT), which serves as key indicator for
operational performance as of the current fiscal year, rose
14.7% and, at CHF100.1 million, crossed the CHF100 million
threshold, up from CHF87.3 million.  EBIT per tonne was
CHF334.3, up 12.4% compared to the same prior-year period.  As a
result of the refinancing transaction of August 2005, financial
cost was reduced by 2.4%.  Net profit (PAT) went up by 15.8% to
CHF63.9 million (prior-year period: CHF55.2 million).

               REPORT OF CEO PATRICK DE MAESENEIRE

"In our seasonally influenced business, the first quarter
leading up to Christmas is usually the strongest for us.  This
year we had a particularly good start into the new fiscal year
thanks to the solid growth in our businesses with industrial and
artisanal customers and a positive contribution to the Operating
profit (EBIT) from our European consumer business.  This
confirms the upward trend in our Consumer Products Europe
business unit.  Reasons for this recovery are a better product
mix and better sales prices, despite the deliberate reduction in
volumes last year and the effect of the historically high
hazelnut prices, which will both still have an effect on second-
quarter results."

  OVERVIEW OF BUSINESS PERFORMANCE IN THE FIRST THREE MONTHS OF
                       FISCAL YEAR 2005/06

Sales volumes grew 2.0% to 299,417 tonnes, up from 293,620
tonnes.  The entire increase is based on organic growth.

Sales revenue increased by 3.8% to CHF1,198.5 million, up from
CHF1,154.8 million in the same prior-year period.  This increase
was the result of higher sales volumes as well as positive
currency effects and slightly higher underlying cocoa bean
prices.

Operating profit (EBIT) was CHF100.1 million or 14.7% above the
CHF87.3 million from the same prior-year period.  All business
units contributed to this strong increase in operating profit.
However, in absolute terms, the most significant increase was
achieved in the Gourmet & Specialities and Food Manufacturers
business units.

Financial cost, net decreased by 2.4% to CHF20.2 million
compared to CHF20.7 million in the previous year.  This decrease
was attributable to reduced average interest rates compared to
the equivalent prior-year period.

Taxes increased to CHF15.9 million from CHF11.5 million, mainly
due to the higher pre-tax profit.  The average group tax rate
increased from 17.3% to 19.9% compared to the same prior-year
period.

Net profit (PAT) for the period under review increased by 15.8%
to CHF63.9 million, up from CHF55.2 million in the previous
year.

Shareholders' equity increased by 11% to CHF929.3 million as of
November 30, 2005, compared to CHF836.7 million at the end of
the previous fiscal year on August 31, 2005.  This significant
increase was the result of a strong net profit for the period,
positive currency translation adjustments as well as positive
fair value adjustments on financial instruments designated as
cash flow hedges.

  DEVELOPMENT OF BUSINESS SEGMENTS IN THE FIRST THREE MONTHS OF
                        FISCAL YEAR 2005/06

Industrial business segment

The Industrial business segment focuses on selling cocoa and
chocolate products to industrial processors and consumer goods
manufacturers worldwide.

Sales volumes amounted to 199,147 tonnes, an organic volume
growth of 7.8% compared to the 184,733 tonnes in the same prior-
year period.

(a) Cocoa products sold to third-party customers decreased by
    2.1% to 32,918 tonnes (33,639 tonnes for the same prior-year
    period).  The main reason for this decline was lower sales
    of butter and liquor because of Barry Callebaut's own
    growing needs resulting from the increased sales of
    chocolate products.

(b) Sales volumes in the Food Manufacturers business unit were
    166,229 tonnes, up 10% from 151,094 tonnes, resulting from a
    combination of increased outsourcing and market share gains
    in key markets.

Sales revenue recorded in the Industrial business segment grew
by 6.5% to CHF639.2 million compared to CHF600.2 million in the
same prior-year period.

(a) In the Cocoa business unit sales revenue decreased by 18.3%
    to CHF112.0 million, down from CHF137.1 million.  This
    significant decrease in sales is mainly due to substantially
    lower powder ratios, only partly offset by positive currency
    effects and slightly higher underlying cocoa bean prices.
    As a reminder, Barry Callebaut mainly sells powder to third
    parties whereas butter is primarily used for its own
    production.  As the combined ratio remained stable the drop
    in powder ratios did not negatively impact the operating
    profit of the business unit.

(b) The Food Manufacturers business unit managed to increase
    sales revenue by 13.8% to CHF527.2 million, up from CHF463.1
    million in the previous year.  Organic sales revenue growth,
    excluding positive foreign exchange effects as well as
    effects from a slight increase in the cocoa price,
    was approximately 10.4%.  This increase is fully
    attributable to volume growth.

              Food Service/Retail business segment

The Food Service/Retail business segment serves a broad range of
customers, from local craftsmen to global retailers.  As of the
current fiscal year, the Consumer Africa division has been
shifted from the Gourmet & Specialties business unit to Consumer
Products.  The prior-year figures have been restated
accordingly.

Sales revenue grew by 0.8% to CHF559.3 million, up from CHF554.6
million.

(a) Sales revenue recorded in the Gourmet & Specialties business
    unit increased by 9.2% to CHF157.4 million, up from CHF144.0
    million.  Excluding the positive currency effects, sales
    revenue in the Gourmet & Specialties business unit increased
    by 7.6% organically.

(b) Sales revenue in the Consumer Products business units
    decreased by 2.1% to CHF401.9 million, compared to CHF410.6
    million in the same prior-year period.  This decrease in
    sales is mainly related to deliberately discontinued
    unprofitable customer label contracts.  The African consumer
    business has recently begun picking up.

The implementation of the accelerated restructuring program of
the Consumer Products Europe business unit as announced in July
2005 is proceeding according to plan.  The improved performance
is attributable to progress made with regard to the product mix
and sales prices.  This offsets the negative effect of the
hazelnut prices, which continue to be above average.  Other
indications of recovery are promising new contracts, including
contracts in the area of co-manufacturing for branded consumer
goods companies.  The first phase of the integration of Consumer
Products Europe onto the Group-wide SAP platform has
successfully gone live.  The second phase - the integration of
all administrative processes - will take place in the first
semester of calendar year 2006, the third phase in the fall of
2006.

                             Outlook

"We have had a good Christmas business, our order books for the
upcoming Easter season in Food Manufacturers and Gourmet &
Specialties look good, and the positive signals from our
European consumer business that we had observed in the final
quarter of the past fiscal year were confirmed this first
quarter.  Therefore, even though it is still early in the fiscal
year, we confirm the communicated financial targets for the 3-
year period 2004/05 through 2006/07, which are on average:
organic top-line growth of 3 to 5%, EBIT growth of approximately
10%, and PAT growth of 12-15%.  This, of course, barring any
major unforeseen event."

                            *   *   *

With annual sales of more than CHF4 billion for fiscal year
2004/05, Zurich-based Barry Callebaut http://www.barry-
callebaut.com is the world's leading manufacturer of high-
quality cocoa, chocolate and confectionery products - from the
cocoa bean to the finished product on the store shelf.  Barry
Callebaut operates more than 30 production facilities in 24
countries and employs more than 8,000 people.  The company
serves the entire food industry, from food manufacturers to
professional users of chocolate (such as chocolatiers, pastry
chefs or bakers), to global retailers.  It also provides a
comprehensive range of services in the fields of product
development, processing, training and marketing.

Half-year results 2005/06 will be published on April 10, 2006
(News release, Shareholders' Letter, Analysts'/Press conference
in Zurich).

A full copy of this press release is available free of charge at

http://bankrupt.com/misc/Barry_Callebaut_results.pdf

CONTACT:  BARRY CALLEBAUT AG
          For Investors and Financial Analysts
          Dieter A.  Enkelmann, CFO
          Phone: +41 43 204 04 20
          E-mail: dieter_enkelmann@barry-callebaut.com

          For the Media
          Gaby Tschofen
          Phone: +41 43 204 04 60
          E-mail: gaby_tschofen@barry-callebaut.com


STMICROELECTRONICS N.V.: Earnings Update Out Later this Month
-------------------------------------------------------------
STMicroelectronics N.V. will release earnings after 5:00 p.m.
U.S. Eastern Time / 11:00 p.m. Central European Time (CET), on
January 24, 2006.

The management of STMicroelectronics will conduct a conference
call on January 25, 2006 at 9:00 a.m. U.S. Eastern Time / 3:00
p.m. CET, to discuss operating performance for the fourth
quarter and full year of 2005.

The conference call will be available at http://www.vcall.com
Those accessing the Web cast should go to the Web site at least
15 minutes prior to the call, in order to register, download and
install any necessary audio software.  The Web cast will be
available until February 3, 2006.

                        About the Company

STMicroelectronics is a global independent semiconductor
company, which employs 50,000 people, 16 advanced research and
development units, 39 design and application centers, 16 main
manufacturing sites and 88 sales offices in 31 countries.  It
had revenues of US$8,760 million (EUR7,163 million) in 2004.

Corporate Headquarters, as well as the headquarters for Europe
and for Emerging Markets, are in Geneva.  The Company's U.S.
Headquarters are in Carrollton (Dallas, Texas); those for
Asia/Pacific are based in Singapore; and Japanese operations are
headquartered in Tokyo.

In June, the company said it will be dropping about 2,300
workers from its European operations by mid-2006.  The company
also plans to cut 3,000 jobs from non-Asian operations as part
of its restructuring following a first quarter loss of US$31
million (EUR25.4 million).

The reorganization could cost STMicroelectronics between US$100
- US$130 million (EUR81.75 - EUR106.28 million), with annual
savings of US$90 million (EUR73.58 million).

CONTACT:  STMICROELECTRONICS N.V.
          39 Chemin du Champ des Filles
          Plan-Les-Ouates
          1228 Geneva, Switzerland
          Phone: +41-22-929-29-29
          Fax: +41-22-929-29-00
          Web site: http://www.st.com


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


TURKCELL ILETISIM: S&P Upgrades Rating to B+; Outlook Positive
--------------------------------------------------------------
Standard & Poor's Ratings Services raised to 'B+' from 'B' its
long-term foreign currency corporate credit rating on Turkish
mobile telecommunications company Turkcell Iletisim Hizmetleri
A.S. and removed it from CreditWatch with positive implications,
where it was placed on March 25, 2005.  The outlook is positive.

"The upgrade and CreditWatch resolution reflect Turkcell's
continued solid operating performance and financial profile,
despite ongoing shareholder litigation," said Standard & Poor's
credit analyst Patrice Cochelin.  The ratings on Turkcell remain
underpinned by the company's position as the number one provider
of mobile telephony on the fast growing Turkish market and its
strong, consistent operating performance.  The risks of
operating in the Turkish environment, along with an ongoing
dispute among Turkcell's key shareholders, continue to constrain
the rating, however.

"The positive outlook recognizes the possibility of a one-notch
upgrade if the current shareholder situation is resolved without
negative credit implications for Turkcell and if the company
maintains solid operating performance and modest financial
leverage," said Mr. Cochelin.  Further shareholder disagreements
with negative implications for the company's corporate
governance could bring the outlook back to stable, however.

Mobile phone penetration among the young and fast-growing
Turkish population is now about 60%, up from 49% at year-end
2004.  Competition is likely to increase, however, given the
announced acquisition of Turkcell's main competitor, Telsim--
which hitherto was in financial difficulties--by U.K.-based
Vodafone Group PLC (A+/Stable/A-1), a global mobile phone
operator.

Vodafone is nevertheless expected to seek to compete on the
Turkish market on a profitable basis, and to contribute to
continued growth in penetration.

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

CONTACT:  TURKCELL ILETISIM HIZMETLERI A.S
          Turkcell Plaza Mesrutiyet Cad.No: 153 Tepebasi
          80050 Istanbul, Turkey
          Phone: +90 (212) 313 1888
          Fax: +90 (212) 292 93 22
          E-mail: investor.relations@turkcell.com.tr


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


CHIZHIVSKE: Under Bankruptcy Supervision
----------------------------------------
The Economic Court of Cherkassy region has commenced bankruptcy
supervision procedure on Agricultural LLC Chizhivske.  The case
is docketed as 14/4889.  Ms. Nadiya Oleksenko has been appointed
temporary insolvency manager.

Creditors have until January 15, 2006 to submit their proofs of
claim to:

(a) CHIZHIVSKE
    Ukraine, Cherkassy region,
    Zvenigorodskij district, Chizhivka

(b) ECONOMIC COURT OF CHERKASSY REGION
    18005, Ukraine, Cherkassy region,
    Shevchenko Avenue 307


MIR: Gives Creditors Until Next Week to File Claims
---------------------------------------------------
The Economic Court of Hmelnitskij region has commenced
bankruptcy supervision procedure on LLC Mir (code EDRPOU
14162350).  The case is docketed as 4/306-B.  Mr. Leonid
Glivinskij (License Number AB 216803) has been appointed
temporary insolvency manager.

Creditors have until January 15, 2006 to submit their proofs of
claim to:

(a) MIR
    30500, Ukraine, Hmelnitskij region,
    Polonskij district, Fadiyivka

(b) LEONID GLIVINSKIJ
    Temporary Insolvency Manager
    Ukraine, Hmelnitskij region,
    Polonne, Gogol Str. 278, a/b 41
    Phone: 8 (0343) 3-32-02

(c) ECONOMIC COURT OF HMELNITSKIJ REGION
    29000, Ukraine, Hmelnitskij region,
    Nezalezhnosti Square 1


RGV-METIZ: Goes into Liquidation
--------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
proceedings against CJSC RGV-Metiz (code EDRPOU 21926411) on
December 1, 2005 after finding the close joint stock company
insolvent.  The case is docketed as B 24/240/05.  Ms. Ivanova
Viktoriya (License Number AA 484179) has been appointed
liquidator/insolvency manager.  The company holds account number
26000085440761 at JSB Factorial-Bank, Dnipropetrovsk branch, MFO
307101.

Creditors have until January 14, 2006 to submit their proofs of
claim to:

(a) RGV-METIZ
    52070, Ukraine, Dnipropetrovsk region,
    Dnipropetrovsk district, Stari Kodaki,
    Aerodrom Str. 145

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


TSIVILZHITLOBUD: Bankruptcy Supervision Starts
----------------------------------------------
The Economic Court of Donetsk region commenced bankruptcy
supervision procedure on CJSC Tsivilzhitlobud (code EDRPOU
01237201) on November 4, 2005.  The case is docketed as 15/164
B.  Mr. Denis Matvejchuk (License Number AA 484238) has been
appointed temporary insolvency manager.

Creditors have until January 15, 2006 to submit their proofs of
claim to:

(a) TSIVILZHITLOBUD
    87515, Ukraine, Donetsk region,
    Mariupol, Mikolaivska Str. 7/17

(b) DENIS MATVEJCHUK
    Temporary Insolvency Manager
    87557, Ukraine, Donetsk region,
    Mariupol, a/b 189

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


VILNYANSKAGROINVEST: Declared Insolvent
---------------------------------------
The Economic Court of Zaporizhya region commenced bankruptcy
proceedings against Vilnyanskagroinvest (code EDRPOU 25478783)
on December 8, 2005 after finding the limited liability company
insolvent.  The case is docketed as 19/191.  Mr. Derevyanko
Danil (License Number AA 783002) has been appointed
liquidator/insolvency manager.

Creditors have until January 14, 2006 to submit their proofs of
claim to:

(a) VILNYANSKAGROINVEST
    70000, Ukraine, Zaporizhya region,
    Vilnyansk, Lenin Str. 15

(b) DEREVYANKO DANIL
    Liquidator/Insolvency Manager
    70000, Ukraine, Zaporizhya region,
    Vilnyansk, Lenin Str. 51/12

(c) ECONOMIC COURT OF ZAPORIZHYA REGION
    69001, Ukraine, Zaporizhya region,
    Shaumyana Str. 4


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


AWARD INTERNATIONAL: Marketing Firm Calls in Administrator
----------------------------------------------------------
William Antony Batty (IP No 1049) of Antony Batty & Company was
appointed administrator of Award International Limited (Company
No 3214703) on Dec. 20.

Award International -- http://www.awardtp.com/-- is a
subsidiary of Award International Holdings PLC.  It is engaged
in promotional incentives, merchandise, travel and events.

CONTACT:  AWARD INTERNATIONAL LIMITED
          Viking House
          Cliftonville Avenue
          Cliftonville, Kent
          United Kingdom
          Phone: +44 (0) 1843 295555
          Fax: +44 (0) 1843 295500

          ANTONY BATTY & COMPANY
          3 Field Court
          Grays Inn
          London WC1R 5EF
          Phone: 020 7831 1234
          Fax: 020 7430 2727
          E-mail: antonybatty@hotmail.com


BACKGROUND THEATRE: Hires Harris Lipman as Administrator
--------------------------------------------------------
Freddy Khalastchi and Michaela Joy Hall (IP Nos 8752, 9081) of
Harris Lipman LLP were appointed joint administrators of
Background Theatre Limited (Company No 04626222) on Dec. 23.

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


BERKELEY BERRY: EGM Approves Capital Reorganization
---------------------------------------------------
The Board of Berkley Berry Birch said that at the Extraordinary
General Meeting of the Company held on 9 January 2006, all
resolutions were passed.

                            *   *   *

On Dec. 15, 2005 Berkeley Berry Birch plc said it was sending a
circular to shareholders of the Company setting out full details
of its proposed capital reorganization.

The Company announced on 1 December 2005 that it was requesting
a suspension of trading in its ordinary shares.  In that
announcement BBB stated that progress was being made in
addressing the Company's regulatory capital shortfall and future
working capital requirements.  The Company is working on
proposals to rectify the regulatory capital shortfalls by means
of planned disposals and an equity fundraising.  These plans are
being advanced but, to date, the Financial Services Authority
has not satisfied itself of the adequacy of these proposals.

In order to facilitate any fundraising, the Company is
undertaking a reorganization of its existing share capital.
This capital reorganization is necessitated by the Companies Act
1985, which prevents companies from issuing shares at a discount
to their par value.  The par value of an ordinary share is
currently 10 pence, as compared with a market price of 5 pence
per share at the close of business on 30 November 2005 (the
latest practicable date prior to the suspension of trading in
the ordinary shares of the Company).

Consequently, it is proposed to sub-divide each of the existing
ordinary shares of 10 pence into 1 ordinary share of 1 penny and
9 deferred shares of 1 penny each.  Other than the change in par
value the ordinary shares of 1 penny each will have the same
rights as the existing ordinary shares, including voting,
dividend and other rights.  The deferred shares will effectively
be worthless and collectively have a negligible value following
the capital reorganization.

All of the ordinary shares resulting from the capital
reorganization will, when issued and fully paid, rank in full
for all dividends and distributions made, paid or declared after
the date of the capital reorganization and otherwise pari passu
in all respects.  The ordinary shares can be held in
certificated and uncertificated form.  For those ordinary shares
held in certificated form, new share certificates will
dispatched shortly after these shares are admitted to trading.

Application will be made to the U.K. Listing Authority and the
London Stock Exchange for the ordinary shares of 1 penny
resulting from the capital reorganization to be admitted to
listing on the Official List and to trading on the London Stock
Exchange's main market for listed securities.  It is expected
that admission will become effective and that dealings in the
ordinary shares will commence at the same time as the suspension
of trading in the Company's ordinary shares is lifted.

Following the capital reorganization the number of ordinary
shares in issue will be 91,788,604, giving the Company a market
capitalization of GBP4.6 million at the mid-market price of 5
pence (the latest practicable date prior to the suspension of
trading in the ordinary shares of the Company).

At the EGM it was also proposed to increase the Company's
authorized share capital in order to enable any equity
fundraising to take place.  This proposed increase will leave
the Company with a balance of authorized but unissued ordinary
share capital (which is not reserved for issue in respect of
outstanding options) of 116,666,667 Ordinary Shares having a
nominal value of GBP1,166,667 (representing 127.10% of the
Company's issued share capital) which the Directors believe is
an appropriate level of authorized  but unissued share capital
to cover any equity fundraising.

Shareholder authority also sought at the EGM to permit the board
to issue shares required to implement any fundraising and to
provide an appropriate level of authorized but unissued share
capital following completion of any fundraising which the
directors have authority to allot, subject always to the
statutory rights of pre-emption contained in section 89 of the
Act.  The disapplication of the statutory rights of pre-emption
referred to above which was proposed at the EGM is also required
to implement any proposed fundraising and to provide limited
authority to allot shares for cash thereafter otherwise than pro
rata to shareholders.

As the capital reorganization will involve the creation of
deferred shares the Company will need to amend its articles of
association to set out the rights attaching to the deferred
shares and this also required shareholder approval at the EGM.

The rights attaching to the deferred shares (as reflected in the
proposed amendments to the articles of association) will be:

(a) no rights to participate in or receive any dividends
    declared made or paid by the Company;

(b) no right to receive notice of, attend or vote at any general
    or class meeting (other than a class meeting of the deferred
    shares) of the Company;

(c) a limited right to a return of capital in a winding-up after
    the rights of the holders of the ordinary shares have been
    discharged in full and a sum of GBP1 has been paid in
    respect of each issued ordinary share but no other right to
    participate in the assets of the Company; and

(d) the approval of the directors of the Company shall be
    required for any transfer of the deferred shares.

CONTACT:  BERKELEY BERRY BIRCH PLC
          Eaton House
          1 Eaton Road
          Coventry
          CV1 2FJ
          Phone: 024 7623 2000
          Fax: 024 7623 2069
          Web site: http://www.bbb.co.uk


BURTON ENVIRONMENTAL: Appoints PwC Administrators
-------------------------------------------------
David Mathew Hammond and Stuart David Maddison (IP Nos 9355,
9076) of PricewaterhouseCoopers LLP were appointed joint
administrators of Burton Environmental Limited (Registered No
2028703) on Dec. 16.

Burton Environmental -- http://www.burton-environmental.co.uk/-
- offers asbestos removal and scaffolding services.

CONTACT:  BURTON ENVIRONMENTAL LTD.
          Unit 1, Glensyl Way,
          Burton upon Trent,
          Staffordshire DE14 1LX
          Phone: +44 (0) 1283 517374
          Fax: +44 (0) 1283 500360
          E-mail: information@burton-environmental.co.uk

          PRICEWATERHOUSECOOPERS LLP
          Cornwall Court, 19 Cornwall Street,
          Birmingham B3 2DT
          Phone: [44] (121) 200 3000
          Fax:   [44] (121) 200 2464
          Web site:  http://www.pwc.com


CAPI LIMITED: Clothing Retailer Calls in Administrator
------------------------------------------------------
Gordon S. Goldie and Allan David Kelly (IP Nos 5799, 9156) of
Tait Walker were appointed administrators of Capi Limited
(Company No 02802428) on Dec. 21.  The company sells clothing.

CONTACT:  CAPI LTD.
          Unit 4, Bamburgh Court,
          Gateshead, Tyne And Wear NE11 0TX
          Phone: 01914913001

          TAIT WALKER
          Bulman House,
          Regent Centre, Gosforth,
          Newcastle upon Tyne NE3 3LS
          Phone: 0191 285 0321
          Fax:   0191 284 9117
          E-mail: advice@taitwalker.co.uk
          Web site: http://www.taitwalker.co.uk


COLT TELECOM: Wins GBP1.6 Million 3i Contract
---------------------------------------------
3i has selected COLT Telecom Group plc as the sole provider of
its pan-European data network.  COLT will provide 3i with a
fully managed, 23-site network -- covering the U.K., France,
Germany, Italy, Spain, Holland, Finland, Sweden, Denmark and
Switzerland -- in a deal worth GBP1.6 million (EUR2.4 million)
over three years.

3i will gain significant savings by rationalizing the number of
suppliers.  Through moving to COLT's advanced IP network the
organization will reduce the cost of connectivity and management
overheads, and also achieve operational efficiencies as a result
of the increased reliability this type of network brings.

John Tracey, head of Information Systems at 3i, said: "We
believe that the scale of our international network of
investment professionals sets us apart from the competition - it
means we have the right talent, experience and relationships
needed to deliver even the most challenging deals.  It is
therefore essential that we have the right communications
infrastructure underpinning our team.  COLT's advanced network
across Europe, as well as its understanding of our business
requirements and the need to translate them into commercial
benefits, were the key factors in giving this critical contract
to COLT.  We are looking forward to reaping the rewards of a
fully managed network service."

COLT has replaced 3i's legacy combination of ATM and bridged
leased lines with an MPLS-based IP VPN network.  As a result of
using MPLS, 3i's network now delivers: faster communication
speeds; improved scalability; increased resiliency and recovery;
more flexibility; greater integration with IP resources; and is
more cost-effective than the previous mixture of technologies.
The network also incorporates classes of service (CoS) enabling
enhanced traffic prioritization and therefore improved
availability of 3i's business-critical applications.  The new
network also enables 3i to manage its business applications,
such as Microsoft Office and Exchange, from its key sites in the
U.K. but allows them to be accessed seamlessly from across
Europe by supporting a thin-client, CITRIX-based application.

Tim Wort, managing director of COLT in the U.K., said: "3i's
decision to appoint COLT as its sole supplier of network
capability across Europe endorses our position as the leading
pan-European network provider for financial services customers.
Our fully owned network infrastructure is highly flexible,
responsive and reliable and can really have a positive impact on
business performance."

The solution also incorporates a secondary back-up network
including a mixture of MPLS and DSL technology, and an Ethernet
point-to-point back-up network also connects 3i's London and
Birmingham sites.

                        About the Company

COLT is a leading European provider of business communications.
It specializes in providing data, voice and managed services to
midsize and major businesses and wholesale customers.  It has
more than 50,000 customers across all industry sectors.  COLT
owns and operates a 13-country, 20,000km network that includes
metropolitan area networks in 32 major European cities with
direct fiber connections into 10,000 buildings and 13 COLT data
centers.

COLT Telecom Group plc is listed on the London Stock Exchange
(CTM.L) and NASDAQ (COLT).  In July, the company said it
continued to make progress in the implementation of its
strategic plan, even though market conditions remained
challenging.  Its financial position continues to be strong with
cash and cash equivalents of GBP335.9 million at the end of the
quarter.

CONTACT:  COLT TELECOM GROUP PLC
          Web site: http://www.colt.net

          John Doherty
          Director Corporate Communications
          Phone: +44 (0) 20 7390 3681
          E-mail: jdoherty@colt.net

          Gill Maclean
          Head of Corporate Communications
          Phone: +44 (0) 20 7863 5314
          E-mail: gill.maclean@colt.net


COSTAIN GROUP: Targets Double-digit Growth in 3 Years
-----------------------------------------------------
Costain Group plc will announce preliminary results for the year
ended 31 December 2005 on 15 March 2006.  Ahead of entering its
close period, it is issuing a brief trading update.

Following his recent appointment as Group Chief Executive,
Andrew Wyllie instigated a thorough business review which has
confirmed that the overall result for the year will be in line
with the Board's expectations at the time of the interim results
announcement in September.

The review has confirmed that the overall strategic direction of
the Company remains appropriate.  Alongside de-risking the
business and developing long-term customer relationships, there
will be greater emphasis on establishing market-leading
positions in selected sectors, which will assist in delivering
long-term sustainable profit streams.  Resources will
principally be deployed in support of business development
activities where strong market positions can be established and
maintained.

These actions will ensure that Costain achieves its new
objective for the next three years of double-digit growth in
both volumes and profitability.

The preliminary results announcement will set out the Board's
full strategy for growth including confirmation of the markets
and geographies in which the Group will seek to operate.

The year has seen significant contract wins especially in water
and roads.  In water, where Costain has a market-leading
position, a number of the five-year framework water contracts
have the option of being extended by a further five years.  As
at 31 December 2005, the Group had a record forward order book
of GBP1.9 billion.

Separately, Charles McCole, Finance Director, has notified the
Board that he wishes to pursue new opportunities in the future
and does not feel able to give a long-term commitment to the
Company.  He has agreed to remain with the Company for a
transitional period and so will leave later this year.  The
Company has started the process to find a suitable replacement.

Andrew Wyllie said: "My initial review confirms that Costain is
a business with a strong brand, a high-quality team and a very
strong order book.  It has an excellent quality and visibility
of earnings going forward which, when coupled with our actions
will help achieve the new objective of double-digit growth in
both volumes and profitability over the next three years.

"Charles McCole has played an important part in the Company's
performance over recent years and we wish him well for the
future."

CONTACT:  COSTAIN GROUP PLC
          Costain House, Nicholsons Walk
          Maidenhead
          SL6 1LN, United Kingdom
          Phone: +44-1628-842-444
          Fax: +44-1628-674-477
          Web site: http://www.costain.com


DE BRADELEI: Holding Company Hires Tenon Recovery Administrator
---------------------------------------------------------------
Patrick Ellward and Dilip Dattani (IP Nos 008702, 007915) of
Tenon Recovery were appointed joint administrators of holding
company De Bradelei Limited (Company No 03492002) on Dec. 19.

CONTACT:  DE BRADELEI LTD.
          Haydn Road, Nottingham,
          Nottinghamshire NG5 1DH
          Phone: 0115-985-8271

          TENON RECOVERY
          Charnwood House,
          Gregory Boulevard,
          Nottingham NG7 6NX
          Phone: 0115 955 2000
          Fax: 0115 918 4500
          Web site: http://www.tenongroup.com


DOLLY BIRDS: Calls in Liquidator from Smith & Williamson
--------------------------------------------------------
A. Martyr, chairman of Dolly Birds (Evesham) Limited, informs
that a resolution to wind up the company was passed at an EGM
held on Nov. 23 at No 1 St Swithin Street, Worcester WR1 2PY.

Neil Francis Hickling of Smith & Williamson Limited, No 1 St
Swithin Street, Worcester WR1 2PY was appointed liquidator.  The
appointment was confirmed at a creditors meeting held on the
same day.

CONTACT:  SMITH & WILLIAMSON
          1 St Swithin Street
          Worcester
          Worcestershire WR1 2PY
          Phone: 01905 730100
          Fax: 01905 723502
          E-mail: nfh@smith.williamson.co.uk


E-SCOPE SOLUTIONS: Names Mazars Liquidator
------------------------------------------
A. Payne, chairman of E-Scope Solutions Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 25 at Merchant Exchange, Whitworth Street West, Manchester
M1 5WG.

Robert Adamson and Paul Charlton of Mazars LLP, of Mazars House,
Gelderd Road, Gildersome, Leeds LS27 7JN were appointed joint
liquidators.

E-Scope solutions limited is a member of the Redthorn Group of
companies.  Other members include Redthorn Engineering Systems
Ltd, Shop Manager Ltd. and Redthorn Australia Pty Ltd.  The
company develops e-business solutions for mid-market
manufacturers.

CONTACT:  E-SCOPE SOLUTIONS LTD.
          Web site:
          http://www.e-scopesolutions.co.uk/main_group.html

          MAZARS LLP
          Mazars House
          Gelderd Road, Gildersome
          Leeds LS27 7JN
          Phone: 0113 204 9797
          Fax: 0113 387 8760
          Web site: http://www.mazars.co.uk


EX WG: Nine Companies File for Liquidation
------------------------------------------
Resolutions to wind up these companies were passed at an EGM
held on Nov. 24 at Milner Boardman & Partners, Century House,
Ashley Road, Hale, Cheshire WA15 9TG:

EX WG Ltd.
EX WA Ltd.
EX WH2 Ltd.
Really Oldmall Ltd.
EX WDR Ltd.
EX Heads Company Ltd.
EX WH Ltd.
EX WE Ltd.
EX BL Ltd.

Colin Burke of Milner Boardman & Partners, Century House, Ashley
Road, Hale, Cheshire WA15 9TG was appointed liquidator.

CONTACT:  MILNER BOARDMAN & PARTNERS
          Century House, Ashley Road,
          Hale, Cheshire WA15 9TG
          Phone: 0161 927 7788
          Fax: 0161 927 7733
          E-mail: info@milnerb.co.uk
          Web site: http://www.milnerboardman.co.uk


F.L. & E. SMALL: Wire Products Manufacturer Folds up
----------------------------------------------------
P. Jarratt, chairman of F.L. & E. Small Ltd., informs that a
resolution to wind up the company was passed at an EGM held on
Nov. 29 at 3rd Floor, Regent House, Bath Avenue, Wolverhampton
WV1 4EG.

Mark Jonathan Botwood of Muras Baker Jones, of Regent House,
Bath Avenue, Wolverhampton WV1 4EG was appointed liquidator.

CONTACT:  F.L. & E. SMALL LTD.
          Moseley Street
          Birmingham
          B12 0RT
          United Kingdom
          Phone: 0121-622 2177
          Fax: 0121-666 6728
          Web site: http://www.smalls.co.uk

          MURAS BAKER JONES & COMPANY
          Regent House
          3rd Floor
          Bath Avenue
          Wolverhampton
          West Midlands WV1 4EG
          Phone: 01902 393007
          Fax: 01902 393010
          E-mail: mjb@muras.co.uk


FLEXIBREAKS TRAVEL: Administrator Enters Firm
---------------------------------------------
William Antony Batty (IP No 1049) of Antony Batty & Company was
appointed administrator of Flexibreaks Travel Service Limited
(Company No 02873674) on Dec. 20.

CONTACT:  FLEXIBREAKS TRAVEL SERVICE
          7 Seymour Place,
          London W1H 5AG
          Phone: 020 7723 7779

          ANTONY BATTY & COMPANY
          3 Field Court
          Grays Inn
          London WC1R 5EF
          Phone: 020 7831 1234
          Fax: 020 7430 2727
          E-mail: antonybatty@hotmail.com


G. E. CONSTRUCTION: Calls in Liquidator from Fergusson
------------------------------------------------------
N. J. Stephenson, director of G. E. Construction Services
Limited, informs that resolutions to wind up the company were
passed at an EGM held on Nov. 29 at 1st Floor, 5-7 Northgate,
Cleckheaton, West Yorkshire BD19 3HH.

Malcolm Edward Fergusson of Fergusson & Co. Ltd., 1st Floor, 5-7
Northgate, Cleckheaton, West Yorkshire BD19 3HH was appointed
liquidator.

CONTACT:  G. E. CONSTRUCTION SERVICES LIMITED
          Unit 2 Lockwood Court, Market Place, York
          North Yorkshire YO42 2QW
          Phone: 01759306727


GOLDEN WONDER: Junk Foods Company Goes Belly-up
-----------------------------------------------
Golden Wonder Ltd., maker of potato crisps and other snacks, has
filed for bankruptcy and appointed Kroll Limited administrator,
the Irish Independent says.

According to joint administrator Adrian Wolstenholme, the
company's losses ballooned in 2005 from GBP10.8 million in 2004.
Sales that year only amounted to GBP87.8 million.

"The UK market is dominated by a single crisp and snack
manufacturer (Walkers), and Golden Wonder has found it difficult
to compete against this leader's strength in the market place,"
he said.

Kroll said it is considering all options to save the business,
but it needs to shut down its own-label production business in
Corby and move all production to Scunthorpe in the northeast.

In 2004, it closed a factory in Skelmersdale to cut cost.  The
bankruptcy filing is Golden Wonder's last attempt to preserve
the business after previous attempts to find a buyer failed.
The company employs 850.

One of UK's leading producers of snacks, Golden Wonder --
http://www.goldenwonder.com/-- owns the Nik-Naks, Wheat
Crunchies, Ringos, Golden Wonder, Golden Skins and Golden Lights
brands.

CONTACT:  GOLDEN WONDER LTD.
          16 Abbey Street
          Market Harborough LE16 9AA
          Leicestershire
          Phone: 01858 410410


JAMES & HODDER: Falls into Liquidation
--------------------------------------
K. McCullagh, chairman of James & Hodder (Holdings) Limited,
informs that resolutions to wind up the company were passed at
an EGM held on Nov. 25 at 454 Chester Road, Old Trafford,
Manchester M16 9HD.

Beverley Ellice Budsworth of Budsworth & Co, 454 Chester Road,
Old Trafford, Manchester M16 9HD was appointed liquidator.

CONTACT:  JAMES & HODDER (HOLDINGS) LIMITED
          Web site: http://www.jamesandhodder.com/

          BUDSWORTH & CO.
          454 Chester Road
          Old Trafford
          Manchester
          Greater Manchester M16 9HD
          Phone: 0161 877 2081
          Fax: 0161 877 2091
          E-mail: advice@recoverypros.co.uk


JAYRIGHT PRESSWORK: In Liquidation
----------------------------------
J. Wright, director of Jayright Presswork Limited, informs that
a resolution to wind up the company was passed at an EGM held on
Nov. 29.

Andrew David Rosler of ICS (North East) Limited, 65 Duke Street,
Darlington DL3 7SD was appointed liquidator.

CONTACT:  JAYRIGHT PRESSWORK LTD.
          Unit 8, Ind Estate
          Middridge Drift
          Shildon
          DL4 2QS
          Durham
          Phone: 01388 772635
          Fax: 01388 774048


JESSOPS PLC: Calls Annual General Meeting
-----------------------------------------
Jessops plc has confirmed that its Annual General Meeting will
take place at 11:00 a.m. on 27 January 2006 at ABN Amro, 250
Bishopsgate, London EC2M 4AA.

Copies of the Annual Report & Accounts for the period ended 30
September 2005 have been submitted to the Document Viewing
Facility of the U.K. Listing Authority at Financial Services
Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS
(Phone: 0207 066 1000).  The Notice of Annual General Meeting is
set out on page 58 of this document.

Printed copies of the Annual Report 2005 may be obtained from
the Company's registered office at Jessop House, Scudamore Road,
Leicester LE3 1TZ.

                        About the Company

With a complete database of over 16,000 product lines, Jessops
plc is one of the most comprehensive retail Web sites in the
U.K.  The site generates circa 7 million page impressions per
month.

Jessops also operates a wholesale and commercial sales business
from its head office in Leicester.  The wholesale distribution
business, trading as Photoline, was formed in 1986.  Jessops'
business-to-business sales are primarily to the Government,
quasi-governmental organizations, schools, colleges and local
councils and Insurance companies.  It also sells photographic
equipment to professional photographers under the trading name
Jessops Professional.

In May, Jessops plc reported that earnings before interest, tax
and amortization ('EBITA') for the 26 weeks to 27 March 2005
were 18% down at GBP5.7 million.  Profits on ordinary activities
before tax for the period, which included a higher interest
charge for October under the group's former financing structure,
were GBP1.3 million.  Net debt was reduced to GBP42.8 million
(2003: GBP126 million).

The positive start to the company's life as a listed company was
in contrast to the Group's trading in February and early March,
which saw an unprecedented decline in digital camera sales and
the toughest trading conditions seen at Jessops at least since
digital cameras were launched onto the market in the mid-1990s.

The impact of the sales shortfall in February and early March
not only had a material impact on profits for the period, but
caused the company to reconsider projections for the second half
of the year.  In response to these difficult market conditions,
the company has set in motion a number of projects to drive
sales and deliver efficiency savings.

CONTACT:  JESSOPS PLC
          Jessop House, Scudamore Rd.
          Leicester
          LE3 1TZ, United Kingdom
          Phone: +44-116-232-6000
          Web site: http://www.jessops.com


JUST HOME: Appoints Liquidator
------------------------------
R. G. Bliss, director of Just Home Improvements Limited, informs
that resolutions to wind up the company were passed at an EGM
held on Nov. 30 at Atherton Bailey, 113 Leigh Road, Eastleigh,
Hampshire SO50 9DS.

James Stephen Pretty of Atherton Bailey, 113 Leigh Road,
Eastleigh, Hampshire SO50 9DS was appointed liquidator.

CONTACT:  JUST HOME IMPROVEMENTS LIMITED
          5b Rumbridge Street, Totton, Southampton
          Hampshire SO40 9DQ
          Phone: 01202479001


KELSTON ASSET: Financial Services Firm Winds up
-----------------------------------------------
D. A. Turner, shareholder and director of Kelston Asset Finance
Limited, informs that resolutions to wind up the company were
passed at an EGM held on Nov. 29 at The Conifers, Filton Road,
Hambrook, Bristol BS16 1QG.

Simon Thornton of Houghton Stone Business Recovery, The
Conifers, Filton Road, Hambrook, Bristol BS16 1QG was appointed
liquidator.

CONTACT:  KELSTON ASSET FINANCE LIMITED
          4 Walton Close, Bitton, Bristol, Avon BS30 6JW
          Phone: 01179329373

          HOUGHTON STONE BUSINESS RECOVERY
          The Conifers, Filton Road,
          Hambrook, Bristol BS16 1QG
          Phone: 0117 957 9009


LEISURE MARKETING: Calls in Joint Liquidators
---------------------------------------------
C. Vine, director of Leisure Marketing Direct Limited, informs
that resolutions to wind up the company were passed at an EGM
held on Nov. 30 at 67 Butts Green Road, Hornchurch, Essex RM11
2JS.

Paul Atkinson and Glyn Mummery of Vantis Redhead French Limited,
43-45 Butts Green Road, Hornchurch, Essex RM11 2JX were
appointed joint liquidators.

CONTACT:  LEISURE MARKETING DIRECT LIMITED
          Interwood House, Stafford Avenue
          Hornchurch, Essex RM11 2ER
          Phone: 01708-469111

          VANTIS REDHEAD FRENCH LIMITED
          43-45 Butts Green Road,
          Hornchurch, Essex RM11 2JX
          Phone: 01708 458211
          Fax: 01708 442308
          E-mail: jeremy.french@vantisredheadfrench.co.uk


LIBERO INTERNATIONAL: Files for Liquidation
-------------------------------------------
Libero International, which organizes friendly matches featuring
touring football clubs, has gone bust, The Herald reports.

The company was forced to file for liquidation after an unnamed
creditor sued to collect unpaid bills.  But, according to
interim liquidator Irene Harbottle, of accountancy firm WD Robb
& Co., Libero does not have the assets to pay the debt.

"At the most recent accounting date it only had GBP8,324 worth
of shareholders' fund," she said.  She refused to reveal more
details, saying the matter will still be discussed at the
creditors' meeting on January 19.

Libero International is run by Kenny Moyes, younger brother of
Everton FC manager David Moyes, who organizes overseas tours by
professional football clubs Celtic and Hearts.  The company
started 30 years ago to forge relations between Icelandic
football teams and U.K. teams with the arrangement of tours and
friendly matches.

The company took off in earnest six years ago when it began
organizing foreign tours by professional clubs, after previously
limiting itself to coordinating trips by English sides to play
Scottish opposition.  One notable success was organizing a pre-
season trip to Austria by Celtic, which was followed by the
club's most successful European campaign in years, culminating
in the UEFA Cup final against Porto in 2003.

CONTACT:  LIBERO INTERNATIONAL
          15 North Claremont Street
          Glasgow G3 7NA
          Phone: +44-141/572 2468
          Fax: +44-141/572 0821
          Mobile: +44-802/816 680
          Web site: http://www.liberointernational.com/


MARK SMITH: Liquidator from Sanderlings Moves in
------------------------------------------------
M. A. Smith, chairman of Mark Smith Tyres Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Nov. 29 at Church Steps House, Queensway, Halesowen B63 4AB.

Andrew Fender of Sanderlings LLP, Sanderling House, 1071 Warwick
Road Acocks Green, Birmingham B27 6QT was appointed liquidator.

CONTACT:  MARK SMITH TYRES LIMITED
          The Homestead, Clevelode Lane, Malvern
          Worcestershire WR13 6NX
          Phone: 01684577208


MERCURY ADVERTISING: Hires Administrators from Deloitte & Touche
----------------------------------------------------------------
Company Names: MERCURY ADVERTISING LIMITED
               (Company No 04249252)

               PLANET FRANCHISING LIMITED
               (Company No 04011365)

               PLANET PERFORMANCE PVC-U PRODUCTS LIMITED
               (Company No 3113200)

               PLANET TRADELINE LIMITED
               (Company No 03113205)

William Kenneth Dawson and Ian Brown of Deloitte & Touche LLP
were appointed administrators of these companies on Dec. 22. Its
registered office is at 5 Peregrine Place, Moss Side, Leyland
PR5 3QY.

CONTACT:  DELOITTE & TOUCHE
          PO Box 500
          201 Deansgate
          Manchester
          Greater Manchester M60 2AT
          Phone: 0161 832 3555
          Fax: 0161 829 3806
          E-mail: bill.dawson@deloitte.co.uk


          DELOITTE & TOUCHE
          1 City Square
          Leeds
          West Yorkshire LS1 2AL
          Phone: 0113 292 1748
          Fax: 0113 244 8942


MICRODATA CORPORATION: Names Tenon Recovery Administrator
---------------------------------------------------------
Nigel Ian Fox and Carl Stuart Jackson (IP Nos 8891, 8860) of
Tenon Recovery were appointed joint administrators of Microdata
Corporation (UK) Limited (Company No 3326645) on Dec. 23.

Microdata -- http://www.afd.co.uk/partners/-- provides
solutions for exhibitions & conferences.  It delivers
interactive touch screen kiosks for exhibitions and conferences,
with bespoke touch screen technology.

CONTACT:  MICRODATA CORPORATION (UK) LTD.
          Stonefield Park, Martins Lane
          Chilbolton, Stockbridge SO20 6BL
          Phone: 01264 861001
          Fax: 023 8033 4331
          E-mail: it@microdata-solutions.com

          TENON RECOVERY
          Highfield Court, Tollgate, Chandlers Ford,
          Eastleigh, Hampshire SO53 3TZ
          Phone: 023 8064 6464
          Fax: 023 8064 6666
          E-mail: southampton@tenongroup.com
          Web site: http://www.tenongroup.com


MOTORCARE (SWINDON): Appoints Joint Liquidators
-----------------------------------------------
L. J. Holbrow, chairman of Motorcare (Swindon) Limited, informs
that resolutions to wind up the company were passed at an EGM
held on Nov. 29 at 77 Shrivenham Hundred Business Park, Majors
Road, Watchfield, Swindon SN6 8TY.

Patrick Bernard Harrington and Alexander Stuart Twitchen of BHG
Chartered Accountants, Blandford House, 77 Shrivenham Hundred
Business Park, Majors Road, Watchfield, Swindon SN6 8TY were
appointed joint liquidators.  The appointment was confirmed at a
creditors meeting held on the same day.

CONTACT:  MOTORCARE (SWINDON) LIMITED
          13-15 Cavendish Square, Swindon
          Wiltshire SN3 2LP
          Phone: 01793526344


MYG INDUSTRIAL: Files for Administration
----------------------------------------
Robert Charles Millichap (IP No 9173) was appointed
administrator of MYG Industrial Services Limited (Company No
03868604) on Dec. 23.  The company offers steel fabrication and
welding services.

CONTACT:  MYG INDUSTRIAL SERVICES
          Station Approach
          Hereford HR1 1BB
          Hereford and Worcester
          Phone: 01432 278102
          Fax: 01432 352568

          ROBERT CHARLES MILLICHAP
          Little Badnage, Badnage Lane,
          Tillington, Herefordshire HR4 8LP


NORDIC TRADING: Calls in Liquidator from Ward & Co.
---------------------------------------------------
O. Bysheim, chairman of Nordic Trading Corporation Limited,
informs that resolutions to wind up the company were passed at
an EGM held on Nov. 25 at Flint & Thompson, 1325A Stratford
Road, Hall Green, Birmingham, West Midlands B28 9HL.

Lyn Marie Green of Ward & Co., Bank House, 7 Shaw Street,
Worcester WR1 3QQ was appointed liquidator.  The appointment was
confirmed at a creditors meeting held on the same day.

CONTACT:  NORDIC TRADING CORPORATION LIMITED
          Centre Court, 1301 Stratford Road
          Birmingham B13 0PJ
          Phone: 0121-702-1420


ORBITA WELDING: Files for Liquidation
-------------------------------------
L. E. Power, chairman of Orbita Welding & Automation Systems
Limited, informs that resolutions to wind up the company were
passed at an EGM held on Nov. 24 at Birmingham Chamber of
Commerce, 75 Harborne Road, Birmingham B15 3DH.

Alisdair J. Findlay of Findlay James, Saxon House, Saxon Way,
Cheltenham GL52 6QX was appointed liquidator.

CONTACT:  ORBITA WELDING & AUTOMATION SYSTEMS LIMITED
          Unit 15 Phoenix Road Industrial Estate
          Phoenix Rd
          Wolverhampton
          WV11 3PX
          Verenigd Koninkrijk
          Routekaart
          Phone: (01902) 307771
          Fax: (01902) 307772
          Web site: http://www.robots-orbitawelding.com

          FINDLAY JAMES
          Saxon House
          Saxon Way
          Cheltenham
          Gloucestershire GL52 6QX
          Phone: 01242 576555
          Fax: 01242 576999
          E-mail: ajf@finjam.com


PALM GRAPHIC: Appoints Mazars Liquidator
----------------------------------------
R. Field, chairman of Palm Graphic Services Limited, informs
that resolutions to wind up the company were passed at an EGM
held on Nov. 25 at Mazars LLP, Sovereign Court, Witan Gate,
Milton Keynes, Buckinghamshire MK9 2HP.

Alistair Steven Wood of Mazars LLP, Lancaster House, 67 Newhall
Street, Birmingham B3 1NG was appointed liquidator.

CONTACT:  PALM GRAPHIC SERVICES LTD.
          Unit 3 Enigma Building, Bilton Road
          Bletchley
          MK1 1HW
          Phone: 01908 270400

          MAZARS
          Lancaster House
          67 Newhall Street
          Birmingham
          West Midlands B3 1NG
          Phone: 0121 236 7711
          Fax: 0121 236 2778


P J DOYLE: Hires Administrators from Harrisons, Moore Stephens
--------------------------------------------------------------
P. R. Boyle (IP No 008897) of Harrisons and C. A. Prescott (IP
No 009056) of Moore Stephens were appointed joint administrators
of P. J. Doyle (Electrical) Limited (Company No 03554937) on
Nov. 8.  The company installs electrical wiring.

CONTACT:  P J DOYLE (ELECTRICAL) LTD.
          78 Cumnor Road, Boars Hill,
          Oxford, Oxfordshire OX1 5JP
          Phone: 01865327222

          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

          MOORE STEPHENS
          1-2 Little King Street,
          Bristol BS1 4HW
          Web site: http://www.moorestephens.co.uk


ROYAL MAIL: Prepares Businesses for New Pricing System
------------------------------------------------------
Royal Mail has launched a direct mail campaign to help
businesses across the U.K. prepare for the introduction of its
new pricing system, Pricing in Proportion (PiP).

Packs providing information on the new pricing system, as well
as advice on how companies can manage the impact of PiP, are
being sent to nearly half a million small, medium and large
businesses from this week.

The mailing follows a series of tailored mail-outs in December
2005 to companies in the marketing, publishing, charity and home
shopping sectors who will be most affected by the changes

Pricing in Proportion will be introduced on 21 August 2006 and
takes into account the size and shape as well as the weight of
mail.  It will mean that prices will more closely reflect the
cost of collecting, sorting and delivering mail.

No more than 30% of business mail is expected to be affected by
the price changes, and Royal Mail estimates that up to half of
the mail affected will become cheaper to send.

Lorna Clarkson, Director of Commercial Policy and Pricing at
Royal Mail, explained: "These information packs are designed to
provide businesses with detailed information on the changes
along with a size guide template and pricing brochure which
gives an indication of how current prices will compare with PiP
prices.

"Our aim is to assist businesses with these changes, and to help
them identify and benefit from any potential cost savings that
can be made with Pricing in Proportion.  This is an important
phase of our customer awareness campaign."

Royal Mail's GBP10 million awareness campaign to support the
introduction of Pricing in Proportion will incorporate TV, radio
and press advertising as well as information in all 14,500 Post
Office(R) branches.

And, later in the year, Royal Mail will also be mailing every
address in the U.K., both business and residential, to help
ensure all customers are prepared for the change in pricing.

Further information about Pricing in Proportion can be found at
http://www.royalmail.com/pipor via a dedicated customer service
line on 08456 113 113.

                            *   *   *

Pricing in Proportion is being introduced on 21 August 2006 and
will enable Royal Mail's prices to more closely reflect its
costs.

Royal Mail's universal service -- the geographic cross subsidies
that enable the company to operate a "one-price-goes-anywhere"
system -- will remain unaffected by Pricing in Proportion.

Pricing changes similar to Royal Mail's Pricing in Proportion
have already been successfully implemented by other postal
administrators in Belgium, Denmark, Finland, Greece, Italy,
Luxembourg, Australia, Canada, Japan and the U.S.A.  The
following countries also have forms of size based pricing --
Austria, Germany, the Netherlands, Poland, Slovenia,
Switzerland, Hong Kong, New Zealand, and South Africa.

Royal Mail Group plc is a public limited company wholly owned by
the Government, with annual sales in excess of GBP8 billion and
more than 200,000 employees.

The company needs cash to automate its postal system to better
play in the sector, which opened for competition at the start of
the year.  It also needs cash to fill a GBP4.25 billion pension
fund deficit that threatens to balloon to GBP6.2 billion.

The firm generates about GBP500 million in revenues a year and
pays about GBP450 million to the fund.  In a worse case
scenario, this contribution could increase to as much as GBP1
billion a year, says The Guardian.

CONTACT:  ROYAL MAIL
          148 Old Street
          London
          EC1V 9HQ
          Web site: http://www.royalmail.com

          Charlotte Nye, Cohn & Wolfe
          Phone: 020 7331 5442
          E-mail: charlotte_nye@uk.cohnwolfe.com


RUNRIG INTERNATIONAL: Administrator Moves in
--------------------------------------------
William Antony Batty (IP No 1049) of Antony Batty & Company was
appointed joint administrator of Runrig International Limited
(Company No 03067335) on Dec. 23.

Runrig -- http://www.runrigintlltd.btinternet.co.uk/--  
manufactures drilling rigs, pump sets, hydraulic winches and
other products

CONTACT:  RUNRIG INTERNATIONAL LTD.
          Fairview House
          27 Sun Street, Biggleswade
          Bedfordshire SG18 0BP
          United Kingdom
          Phone: (01767) 601102
          Fax: (01767) 312106

          ANTONY BATTY & COMPANY
          3 Field Court
          Grays Inn
          London WC1R 5EF
          Phone: 020 7831 1234
          Fax: 020 7430 2727
          E-mail: antonybatty@hotmail.com


SANCTUARY RECORDS: Avoids Default with Promise of Share Offering
----------------------------------------------------------------
Existing shareholders of Sanctuary Records could be wiped out if
the company pushes ahead with a share issuance later this month,
the Evening Post reported Tuesday.

The offering is part of the agreement it reached with Bank of
Scotland and holders of its convertible bonds.  The bank had
agreed to raise its borrowing limit to GBP134 million while the
main holder of its GBP30 million convertible bonds had agreed
not to put it into default.

Broker Evolution will reportedly manage the offering.
Sanctuary shares on Tuesday fell 0.16p to 1.8p, valuing the
company at GBP7 million.

Sanctuary Records -- http://www.sanctuaryrecords.co.uk/-- is
UK's largest independent record company.  It is part of The
Sanctuary Group plc and is one of the world's leading developers
of music intellectual property rights (IPR), with offices in
London, New York, Berlin, Houston and Los Angeles.  Recent album
successes include Morrissey, Kiss, Lynyrd Skynyrd,
Spiritualized, The Strokes, Belle & Sebastian, The Libertines,
Alison Moyet, The Delays, Small Faces and Fun Lovin' Criminals
across over 20 labels including Rough Trade, Trojan, Sanctuary
Records and Fantastic Plastic.

CONTACT:  SANCTUARY RECORDS GROUP
          Sanctuary House
          45 - 53 Sinclair Road
          London W14 0NS
          Phone: +44 (0) 20 7602 6351
          Fax: +44 (0) 20 7603 5941
          E-mail: customerservices@sanctuaryrecordsgroup.co.uk


SKYEPHARMA PLC: Still Seeking Potential Offers
----------------------------------------------
SkyePharma plc has released an update on the progress of its
Strategic Review.

On 17 November 2005 the Board of SkyePharma announced that
following an unsolicited approach from a third party the Board
had decided to review all of its strategic options, including,
inter alia, offers for the Company as a whole.

On 8 December SkyePharma also announced that the Company had
received a number of expressions of interest, both with respect
to individual assets owned by the Company as well as potential
cash offers for the Company as a whole.  In the light of such
interest, the Board decided to allow a number of parties access
to a data room to commence due diligence on the Company.

The Board of SkyePharma continues to seek potential offers for
the Company as a whole, but it is not clear at this stage that
an offer for the Company, whether in cash or otherwise, which is
capable of recommendation, will be forthcoming.  In addition, a
number of parties remain interested in potentially acquiring
individual assets owned by the Company.

                        About the Company

SkyePharma plc, headquartered in London, develops pharmaceutical
products benefiting from world leading drug delivery
technologies that provide easier-to-use and more effective drug
formulations.  In May, it reported net loss of GBP24.3 million
for 2004, a decrease of 44% compared with GBP43.2 million in
2003.

In September, the Board of SkyePharma proposed to raise
approximately GBP35 million (net of expenses) by means of a 1
for 5 Rights Issue of 125,627,357 New Ordinary Shares at 30
pence per share to Qualifying Shareholders.

CONTACT:  SKYEPHARMA PLC
          105 Piccadilly
          London
          United Kingdom
          W1J 7NJ
          Phone: +44 20 7491 1777
          Fax: +44 20 7491 3338
          Web site: http://www.skyepharma.com


ST. JAMES: Consultancy Firm Hires Administrator
-----------------------------------------------
S. J. Parker (IP No 8989) and D. R. Beat of Tenon Recovery were
appointed joint administrators of St. James Consultants Limited
(Company No 3562375) on Dec. 22.  Its registered office is at 82
St John Street, London EC1M 4JN.

St. James Consultants -- http://www.stjamesconsultants.com/--  
was founded in 1998, as a civil and structural engineering
consultancy with a development program to expand by acquisition.
It was formed subsequently to the acquisition of Willis and
Partners in Bristol and NCL Stewart Scott in London.

CONTACT:  ST JAMES CONSULTANTS LTD.
          112 Regency Street
          London SW1P 4AX
          Phone: +44 (0) 20 7834 5781
          Fax: +44 (0) 20 7630 6971
          E-mail: london@stjamesconsultants.com

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

          TENON RECOVERY
          Salisbury House
          31 Finsbury Circus
          London EC2M 5SQ
          Phone: 020 7628 2040
          Fax: 020 7638 0217
          Web site: http://www.tenongroup.com


TATLAS HOLDINGS: Names Sharma & Co. Administrator
-------------------------------------------------
G. D. Sharma (IP No 9145) of Sharma & Co. was appointed
administrator of Tatlas Holdings Limited (Company No 02217992)
on Dec. 8.

CONTACT:  TATLAS HOLDINGS LTD.
          47 High Street,
          Leighton Buzzard
          Bedfordshire LU7 1DN
          Phone: 01525 851660

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


TRIO DESIGN: Appoints Grant Thornton Administrator
--------------------------------------------------
Nigel Morrison (IP No 8938) and Simon Morris (IP No 8680) of
Grant Thornton UK LLP were appointed administrators of Trio
Design & Engineering Limited (Company No 02589492) on Dec. 19.
The company manufactures lifting and handling equipment.

CONTACT:  TRIO DESIGN & ENGINEERING
          Ashville Works,
          Ashville Road, Gloucester
          Gloucestershire GL2 5DA
          Phone: 01452 331682
          Fax: 01452 331055

          GRANT THORNTON UK LLP
          43 Queen Square
          Bristol
          Avon BS1 4QR
          Phone: 0117 926 8901
          Fax: 0117 925 4821
          E-mail: michael.p.gerrard@gtuk.com

          GRANT THORNTON U.K. LLP
          Grant Thornton House
          Melton Street
          Euston Square
          London NW1 2EP
          Phone: 020 7383 5100
          Fax: 020 7383 4715
          Web site: http://www.grant-thornton.co.uk


VENTURE COBURG: Calls in Administrators from BDO Stoy Hayward
-------------------------------------------------------------
Christopher Kim Rayment (IP No 6775) and Matthew Dunham (IP No
8376) of BDO Stoy Hayward LLP were appointed joint
administrators of Venture Coburg Limited (Company No 05005719)
on Dec. 23.

CONTACT:  VENTURE COBURG LIMITED
          Liverpool Marina,
          Coburg Wharf Sefton Street,
          Liverpool, Merseyside L3 4BP

          BDO STOY HAYWARD LLP
          Commercial Buildings,
          11-15 Cross Street, Manchester M2 1BD
          Phone: 0161 817 3700
          Fax: 0161 817 3711
          E-mail: manchester@bdo.co.uk
          Web site: http://www.bdo.co.uk


WM MORRISON: Reports Better Christmas Trading
---------------------------------------------
WM Morrison Supermarkets plc has delivered solid sales growth
over the Christmas and New Year period.  This update provides
figures for the six weeks ended 8 January.

Total sales of the 380 stores in the Group during this period
increased by 6.1% (4.5% excluding fuel).  Like-for-like sales
were up by 4.4% (2.8% excluding fuel) reflecting the success of
the Safeway conversion program, which was concluded in November
2005.

Like-for-like sales in the 220 converted stores grew overall by
9.7% (9.0% excluding fuel) with the 56 conversions, which have
been trading for more than 52 weeks recording a 6.4% improvement
(5.7% excluding fuel).  Like-for-like sales in the 122 core
Morrisons stores decreased by 0.7% (2.9% excluding fuel).  Total
sales decreased by 8.1% (9.0% excluding fuel) reflecting the
disposal of 155 stores over the past year.

As initially indicated in our interim announcement in October
2005, we have now confirmed the closure of three distribution
depots at Warrington, Aylesford and Bristol.  The associated
exceptional property and redundancy costs are expected to be
around GBP60 million and will be incurred this year.

The directors believe that the profit outturn for the year to 29
January 2006 will be in line with previous guidance and will be
providing full details of the optimization plan with the
preliminary results on March 23.

CONTACT:  WM MORRISON SUPERMARKETS PLC
          Hilmore House
          Thornton Road
          Bradford
          West Yorkshire
          England
          BD8 9AX
          Phone: +44 1274 494166
          Fax: +44 1274 494831
          Web site: http://www.morereasons.co.uk


                             *********


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

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

Copyright 2006.  All rights reserved.  ISSN 1529-2754.

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

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

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


                 * * * End of Transmission * * *