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        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

           Thursday, January 19, 2006, Vol. 7, No. 14

                            Headlines

C Z E C H   R E P U B L I C

WEST-PHARM: Fails to Avoid Bankruptcy


G E R M A N Y

ADE GMBH: Court Names Dr. Stankewitz & Coll. Administrator
CHO VERWALTUNGS: Proofs of Claim Due Feb. 13
EWT EAST: Chemnitz Firm Succumbs to Bankruptcy
HANSE VIDEO: Meeting of Creditors Slated for March 8
HOTEL AMBIENTE: Court to Verify Claims on May 24

MBS MASCHINENBAU: Essen Business Under Bankruptcy Administration
MED-ESCH MEDIZIN: Claims Filing Period Ends Feb. 10
VINCENZO SANTORO: Bremen Court to Verify Claims on April 27
W.E.S.T. BETEILIGUNGSGESELLSCHAFT: Calls in Administrator
WILDESHAUSER INGENIEURBAU: Creditors to Meet Next Week


I T A L Y

ALITALIA S.P.A.: Grounds 74 Flights Today
ALITALIA S.P.A.: Strike-proof During Turin Olympics
VOLARE GROUP: Court Clears Alitalia's Takeover Bid


K A Z A K H S T A N

ARIRAN: Declared Bankrupt
BAIBATYR: Creditors' Claims Due Mid-February
SELHOZKOMPLEKTASIA: Goes Bust
VEGA: Succumbs to Bankruptcy

K Y R G Y Z S T A N

NITRO: March Proofs of Claim Deadline Set  
SIGN-PRIM: Creditors' Claim Due March
SUTU: Sets Last Day for Registering Claims


N E T H E R L A N D S

GETRONICS N.V.: Plans to Sell its Italian ICT Market
LAURUS N.V.: Ends 2005 with Lower Sales
ROYAL SHELL: Shortlists Bidders for LPG Division
ROYAL SHELL: Share Cancellation Progressing
ROYAL SHELL: Australian Unit Secures Exploration Rights

VERSATEL TELECOM: Q4, Full-year Results Out March


R U S S I A

AKTANYSHSKAYA MOVABLE: Claims Filing Period Ends Next Week
BASHKIRSKIY GRANITE: Undergoes Bankruptcy Supervision Procedure
BUILDING MECHANIZED: Declared Insolvent
KEMEROVO-AGRO-PROM-SNAB-1: Bankruptcy Hearing Set Today
KULANGINSKOYE: Declared Insolvent

PECHERSKAYA: Insolvency Manager Takes over Firm
SIB-STEEL-MECHANIZATION: Bankruptcy Hearing Set Next Week
SYUREKSKIY: Udmurtiya Court Brings in Insolvency Manager
TUGAN YAK: Bankruptcy Supervision Procedure Begins
TYULYACHINSKAYA: Bankruptcy Hearing Set March


S W E D E N

SKANDIA INSURANCE: Old Mutual Ups Acceptance Level to 69.7%


U K R A I N E

BANK FINANCE: Moody's Withdraws Rating on Postponed Loan
BOMOND-ELECTRONICS: Succumbs to Insolvency
BUDPROMSERVICE: Goes into Liquidation
GIDROINZHBUD: Court Appoints Liquidator
NIKOLSKE: Declared Insolvent

OMEGA: Insolvency Manager Chosen
TEHAGROBUD: Odessa Court Opens Bankruptcy Proceedings
UKRANET-TRANS: Liquidator Takes over Operations


U N I T E D   K I N G D O M

ATY AUTOMOTIVE: Hires Till Morris Partnership as Administrator
CANTERBURY REALISATIONS: Sale of Business Saves 32 Jobs
DANKA BUSINESS: Extends Relations with Biggest Client
FAWCETTS QUALITY: Names Administrators from Jacksons Jolliffe
GENESIS LABORATORY: Appoints Liquidator

HI SPEED: Names Administrators from CBA
INTEGRAL RECRUITMENT: Administrators Take Over Firm
KATZ PICTURES: Creditors Debt Claims Deadline Set Next Month
LUXURYCLASS LTD.: Tour Operators Reach Dead End
MARKS & SPENCER: Acquires 28 Stores for GBP38 Million

MOLD LEISURE: Restaurant Names Administrator
NOW TRANSPORT: Administrators from Begbies Traynor Move in
PRECISION TOOL: Manufactures Hires Rothman Pantall Administrator
SCREENTEC PRINT: Administrators Enter Firm
SPECTRUM CIVIL: Court Orders Winding-up

SPEY BAY: Calls in Administrators from Tenon Scotland
SPEYMILL GROUP: Vice Chairman Steps Down
TROJEN FAN: Names Administrators from Moore Stephens
UTSUMI . SMITH: Creditors Meeting Set Tomorrow
VIKING LAMINATES: Hires Cooper Parry Administrator

WESSEX CONSTRUCTION: Administrators from Grant Thornton Move In
* Construction Output Drops for First Time in 11 Years

        **********       

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


WEST-PHARM: Fails to Avoid Bankruptcy
-------------------------------------
The Prague Municipal Court has declared pharmacy chain West-
Pharm a.s. bankrupt, Czech News Agency says.

The court acted on a bankruptcy petition lodged by creditor
Alliance UniChem CZ, which claims around EUR660,000 (CZK19
million) from West-Pharm.  Authorities likewise named Adam
Sigmund receiver. The order will affect all of West-Pharm's 11
pharmacies.  

West-Pharm figures show it posted a net profit of EUR6.3 million
(CZK181 million) from sales of EUR7.4 million (CZK213 million)
in 2004.  It was an improvement from a net loss of EUR2.5
million (CZK72 million) and sales of EUR12.67 million (CZK365
million) in 2003.  At the end of 2004, West-Pharm has EUR347,000
(CZK10 million) in share capital; -EUR1.9 million (-CZK34.2
million) in owner's equity; and EUR3.06 million (CZK88 million)
in liabilities.

CONTACT:  WEST-PHARM a.s.
          Pod Pekarnami 213/8
          190 00 Praha 9
          Phone/Fax: 266 03 21 83
                     266 03 21 53
                     266 03 22 00
          E-mail: westpharm2004@volny.cz
          Web site: http://www.west-pharm.cz/


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


ADE GMBH: Court Names Dr. Stankewitz & Coll. Administrator
----------------------------------------------------------
The District Court of Bremen opened bankruptcy proceedings
against ADE GmbH Abbruch Demontage Entkernung on January 1.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until March 14, 2006
to register their claims with court-appointed provisional
administrator Haro Helms.      

Creditors and other interested parties are encouraged to attend
the meeting on February 2, 2006, 10:15 a.m. at the District
Court of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr.
25-31, 28195 Bremen, 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 April 6, 2006, 9:00 a.m. at the same venue.

CONTACT:  ADE GmbH ABBRUCH DEMONTAGE ENTKERNUNG
          Eislebener Str. 50, 28329 Bremen
          Contact:
          Harald Gerhard Kas, Manager

          Haro Helms, Administrator
          Dr. Stankewitz & Coll.
          Schillerstr. 10, 28195 Bremen
          Phone: 0421/337790
          Fax: 0421/3377933
          E-mail: helms@dr-stankewitz.de
          Web site: http://www.dr-stankewitz.de/


CHO VERWALTUNGS: Proofs of Claim Due Feb. 13
--------------------------------------------
The District Court of Bochum opened bankruptcy proceedings
against CHO Verwaltungs- und Beteiligungs GmbH on January 9.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 13,
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, 8:50 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:  CHO VERWALTUNGS- UND BETEILIGUNGS GmbH
          Bommerbank 6, 58452 Witten
          Contact:
          Wolfgang Conze, Manager
          Rosenstr. 11, 58300 Wetter
          Andreas Kotthaus, Manager
          Thiestr. 66, 58456 Witten

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


EWT EAST: Chemnitz Firm Succumbs to Bankruptcy
----------------------------------------------
The District Court of Chemnitz opened bankruptcy proceedings
against EWT East West Technology GmbH on January 3.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 6,
2006 to register their claims with court-appointed provisional
administrator Bernward Widera.     

Creditors and other interested parties are encouraged to attend
the meeting on March 20, 2006, 9:00 a.m. at the district court
of Chemnitz, Saal 27, im Gerichtsgebaude, Fuerstenstrasse 21,
Chemnitz, at which time the administrator will present his first
report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  EWT EAST WEST TECHNOLOGY GmbH
          Audistrasse 9, 08058 Zwickau
          Contact:
          Dietmar Scholze, Manager

          Bernward Widera, Administrator
          Buettenstrasse 4, 08058 Zwickau


HANSE VIDEO: Meeting of Creditors Slated for March 8
----------------------------------------------------
The District Court of Hamburg opened bankruptcy proceedings
against HANSE Video-Handelsgesellschaft mbH on January 1.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until March 8, 2006
to register their claims with court-appointed provisional
administrator Michael W. Kuleisa.      

Creditors and other interested parties are encouraged to attend
the meeting on March 29, 2006, 9:05 a.m. at the District Court
of Hamburg, Insolvenzgericht, Sievekingplatz 1, 20355 Hamburg,
4. Etage, Anbau, Saal B 405, at which time the administrator
will present his first report of the insolvency proceedings.  
The court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  HANSE VIDEO-HANDELSGESELLSCHAFT mbH
          Winterhuder Weg 10, 22085 Hamburg
          Contact:
          Heiko Karp, Manager
          Eppendorfer Weg 155, 20253 Hamburg

          Michael W. Kuleisa, Administrator
          Speersort 4-6, 20095 Hamburg
          Phone: 040/303010


HOTEL AMBIENTE: Court to Verify Claims on May 24
------------------------------------------------
The District Court of Charlottenburg opened bankruptcy
proceedings against Hotel Ambiente am Stossensee 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 Christian Kohler-Ma.     

Creditors and other interested parties are encouraged to attend
the meeting on February 22, 2006, 10:20 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
24, 2006, 10:15 a.m. at the same venue.

CONTACT:  HOTEL AMBIENTE AM STOSSENSEE GmbH
          Glockenturmstrasse 30, 14055 Berlin

          Christian Kohler-Ma, Administrator
          Kurfuerstendamm 212, 10719 Berlin


MBS MASCHINENBAU: Essen Business Under Bankruptcy Administration
----------------------------------------------------------------
The District Court of Essen opened bankruptcy proceedings
against MBS Maschinenbau Systemtechnik GmbH on January 6.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 2,
2006 to register their claims with court-appointed provisional
administrator Angela Gerigk.     

Creditors and other interested parties are encouraged to attend
the meeting on February 16, 2006, 1:20 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:  MBS MASCHINENBAU SYSTEMTECHNIK GmbH
          Hervester Str. 58, 46286 Dorsten
          Contact:
          Bernhard Enbergs, Manager
          Fliederweg 8, 46286 Dorsten
          Albert Kemper jun., Manager
          Weseler Str. 259, 46286 Dorsten

          Angela Gerigk, Administrator
          Recklinghauser Strasse 17, 46282 Dorsten
          Phone: 02362/993480
          Fax: 02362/993481


MED-ESCH MEDIZIN: Claims Filing Period Ends Feb. 10
---------------------------------------------------
The District Court of Aachen opened bankruptcy proceedings
against MED-ESCH Medizin- und EDV-Bedarf GmbH on January 4.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until February 10,
2006 to register their claims with court-appointed provisional
administrator Jens Olinger.      

Creditors and other interested parties are encouraged to attend
the meeting on March 27, 2006, 9:00 a.m. at the District Court
of Aachen, Augustastrasse 78-80, 52070 Aachen, 1. Etage,
Sitzungssaal 14, at which time the administrator will present
his first report of the insolvency proceedings.  The court will
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  MED-ESCH MEDIZIN- UND EDV-BEDARF GmbH
          Duerener Str. 27, 52249 Eschweiler
          Contact:
          Christiane Dageroth, Manager
          Parkstr. 2, 52249 Eschweiler

          Jens Olinger, Administrator
          Eupener Strasse 181, 52066 Aachen


VINCENZO SANTORO: Bremen Court to Verify Claims on April 27
-----------------------------------------------------------
The District Court of Bremen opened bankruptcy proceedings
against Vincenzo Santoro Gastronomie GmbH on January 1.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until April 4, 2006
to register their claims with court-appointed provisional
administrator Klaus Jonek.      

Creditors and other interested parties are encouraged to attend
the meeting on January 26, 2006, 10:45 a.m. at the District
Court of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr.
25-31, 28195 Bremen, 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 April 27, 2006, 10:30 a.m. at the same venue.

CONTACT:  VINCENZO SANTORO GASTRONOMIE GmbH
          Willi-Brand-Platz 1-3, 28215 Bremen
          Contact:
          Vincenzo Santoro, Manager
          Bardenflethstr. 5, 28259 Bremen

          Klaus Jonek, Administrator
          Schwachhauser Heerstr. 48, 28209 Bremen
          Phone: 348585
          Fax: 3478582


W.E.S.T. BETEILIGUNGSGESELLSCHAFT: Calls in Administrator
---------------------------------------------------------
The District Court of Bremen opened bankruptcy proceedings
against W.E.S.T. Beteiligungsgesellschaft mbH on January 1.  
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until April 4, 2006
to register their claims with court-appointed provisional
administrator Klaus Jonek.     

Creditors and other interested parties are encouraged to attend
the meeting on January 26, 2006, 10:45 a.m. at the District
Court of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr.
25-31, 28195 Bremen, 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 April 27, 2006, 10:30 a.m. at the same venue.

CONTACT:  W.E.S.T. BETEILIGUNGSGESELLSCHAFT mbH
          Hinter der Holzpforte 1, 28195 Bremen
          Contact:
          Werner Stoffregen, Manager
          Dwoberger Strasse 63, 27753 Delmenhorst

          Klaus Jonek, Administrator
          Schwachhauser Heerstr. 48, 28209 Bremen
          Phone: 348585
          Fax: 3478582


WILDESHAUSER INGENIEURBAU: Creditors to Meet Next Week
------------------------------------------------------
The District Court of Bremen opened bankruptcy proceedings
against Wildeshauser Ingenieurbau Verwaltungs- und
Beteiligungsgesellschaft mbH on January 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until January 31, 2006 to register their
claims with court-appointed provisional administrator Frank-
Michael Rhode.      

Creditors and other interested parties are encouraged to attend
the meeting on January 26, 2006, 9:30 a.m. at the District Court
of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr. 25-31,
28195 Bremen, 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
February 23, 2006, 9:30 a.m. at the same venue.

CONTACT:  WILDESHAUSER INGENIEURBAU VERWALTUNGS-
          UND BETEILIGUNGSGESELLSCHAFT mbH
          Theodor-Neutig-Strasse 41, 28757 Bremen
          sowie Stockenkamp 10, 27793 Wildeshausen
          Contact:
          Stefan Milster, Manager
          Schuetzenweg 26, 27243 Harpstedt

          Frank-Michael Rhode, Administrator
          Graf-Moltke-Str. 62, 28211 Bremen
          Phone: 0421/3485212/213
          Fax: 0421/341078


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


ALITALIA S.P.A.: Grounds 74 Flights Today
-----------------------------------------
Troubled national carrier Alitalia S.p.A. will cancel 74 flights
today due to a 24-hour strike by flight attendants, The
Associated Press says.

Affected are 26 domestic and 48 international flights.  Alitalia
refused to provide information as to which flights are
cancelled.  It encouraged passengers to visit its web site for
details.  

According to the SULT union, the strike is in protest of
Alitalia's plan to acquire smaller rival Volare, which is
currently experiencing severe financial problems and is
presently under administration.  Alitalia reportedly wants to
prevent a rival carrier from taking over Volare's airport slots.  
The flag carrier offered EUR38 million, EUR9 million higher than
its closest rival, AirOne.  

The flight attendants will also protest against Alitalia's
restructuring.  The cabin crew has staged similar industrial
actions in past.

                        About the Company

Headquartered in Viale A. Marchetti 111, 00148 Rome, Italy,
Alitalia S.p.A. -- http://www.alitalia.it/-- generates more  
than EUR4 billion in annual revenue and employs more than 20,000
people.  As of December 2004, its net debt stood at EUR1.76
billion in 2004.  Alitalia flies to about 80 destinations in
more than 60 countries from hubs in Rome and Milan and operates
a fleet of about 185 aircraft.  Despite a EUR1.4 billion state-
backed restructuring in 1997 and a EUR1.4 billion capital
injection two years ago, it remains financially troubled.  It
has posted a profit only four times in the past 16 years.

CONTACT:  ALITALIA S.p.A.
          Viale A. Marchetti 111
          00148 Rome, Italy
          Phone: +39 06 6562 2151
          Fax: +39 06 6562 4733
          Web site: http://www.alitalia.it/


ALITALIA S.P.A.: Strike-proof During Turin Olympics
---------------------------------------------------
National carrier Alitalia S.p.A. can now heave a sigh of relief
after local unions signed a nationwide strike truce, The
Associated Press says.

Alitalia's pilots had planned to strike on Feb. 9, 2006, from
10:00 a.m. to 2:00 p.m.  The carrier's flight attendants also
had planned to launch an industrial action on Feb. 10, the
opening day of the Torino Olympics.  Mauro Rossi, an official of
the FILT-CGIL union, said the strikes were in response to
Alitalia's disrespect of the parts of the contract it signed
with employees.  He added, "It's a dispute that has been going
on for a long time, and to postpone the strike we would need
something really concrete from Alitalia."

All major unions signed the truce, including major labor groups
CGIL, CISL, and UIL.  The Turin Olympics runs from February 10
to 26.  The truce will last from January 31 to March 23.  It,
however, includes a provision allowing strikes on March 4.

Turin Olympics organizers, however, fear possible travel
disruption for the event's fans.  The flight attendants will
stage a 24-strike today, forcing Alitalia to cancel 74 flights.

                        About the Company

Headquartered in Viale A. Marchetti 111, 00148 Rome, Italy,
Alitalia S.p.A. -- http://www.alitalia.it/-- generates more  
than EUR4 billion in annual revenue and employs more than 20,000
people.  As of December 2004, group net debt stood at EUR1.76
billion in 2004.  Alitalia flies to about 80 destinations in
more than 60 countries from its hubs in Rome and Milan and
operates a fleet of about 185 aircraft.  Despite a EUR1.4
billion state-backed restructuring in 1997 and a EUR1.4 billion
capital injection two years ago, the carrier remains in deep
financial crisis.  Alitalia has posted an annual profit only
four times in the past 16 years.

CONTACT:  ALITALIA S.p.A.
          Viale A. Marchetti 111
          00148 Rome, Italy
          Phone: +39 06 6562 2151
          Fax: +39 06 6562 4733
          Web site: http://www.alitalia.it/


VOLARE GROUP: Court Clears Alitalia's Takeover Bid
--------------------------------------------------
The Civil Law Court of Busto Arsizio has denied AirOne's appeal
to exclude Alitalia S.p.A. from bidding for rival carrier Volare
Group, Il Sole 24 Ore says.

AirOne claimed Alitalia is financially incapable of acquiring
Volare and cannot meet bidding requirements.  The court,
however, said though Alitalia is experiencing financial
difficulties, it is not insolvent.  It also noted AirOne should
have filed its appeal at the Regional Court of Appeal (TAR), not
at the Civil Court.  

TCR Europe reported on Jan. 12, 2005 that Alitalia offered EUR38
million, EUR9 million higher than closest rival AirOne.  AirOne
plans to bring the case to the European Commission as well.  
There are speculations that Alitalia's main reason for bidding
is to prevent rival airlines from taking over Volare's airport
slots.

Also interested in Volare are Eurofly-Meridiana, WindJet and the
Miro Radici Textile & Energy (MRTE).  

Volare declared insolvency on Nov. 22, 2004, citing huge debt
and heavy losses.  The group then filed for extraordinary
administration, which allowed it to be protected from creditors
while resuming daily operations.  Volare emerged from
administration in spring, after beating its EUR7 million revenue
forecast by around EUR3.8 million.  Volare needs fresh capital
to expand its fleet.

CONTACT:  VOLARE GROUP S.p.A.
          Via Pirelli, 20
          20124 Milan
          Phone: (+39) 02 673 631
          Fax: (+39) 02 673 630 90
          Web site: http://www.volare-group.it/

          ALITALIA S.p.A.
          Viale A. Marchetti 111
          00148 Rome, Italy
          Phone: +39 06 6562 2151
          Fax: +39 06 6562 4733
          Web site: http://www.alitalia.it/


          MIRO RADICI TEXTILE & ENERGY
          Rovetta (BG)
          Localita Vogno
          Web site: http://www.miroradicitextileenergy.com/


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


ARIRAN: Declared Bankrupt
-------------------------
The Specialized Inter-Regional Economic Court of Kyzylorda
Region declared LLC Ariran bankrupt on November 23, 2005.

Proofs of claim will be accepted at Kyzylorda region,
Karmakshinsk region, III Internasional, on or before February
13, 2006.

Call 8 237-2-27-11 or 8 300 149 57-34 for more information.


BAIBATYR: Creditors' Claims Due Mid-February
--------------------------------------------
The Specialized Inter-Regional Economic Court declared LLC
Baibatyr (RNN 531400025894) bankrupt on December 6, 2005.  

Proofs of claim will be accepted at Taldykorgan Jangusurov Str.
113, room 208 on or before February 13, 2006.

Call 8 (328(22) 24-19-77 for more information.


SELHOZKOMPLEKTASIA: Goes Bust
-----------------------------
The Specialized Inter-Regional Economic Court on North
Kazakhstan Region has declared LLC Agricultural Firm
Selhozkomplektasia bankrupt on November 21, 2005.

Proofs of claim will be accepted at Petropavlovsk, Jumabayeva
Str. 109-506 on or before February 13, 2006.

CONTACT:  Selhozkomplektasia
          Petropavlovsk,
          Jumabayeva Str. 109-506


VEGA: Succumbs to Bankruptcy
----------------------------
The Specialized Inter-Regional Economic Court on East Kazakhstan
Region declared Agricultural Farm Vega bankrupt on November 16,
2005.  

Proofs of claim will be accepted at Ust-Kamenogorsk, Utepova
Str. 34-29 on or before February 13, 2006.

Call 8 (323(2) 24-80-67 for more information.


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


NITRO: March Proofs of Claim Deadline Set  
-----------------------------------------
LLC Nitro, which recently became insolvent, will accept proofs
of claim on or before March 6, 2006.

CONTACT:  NITRO
          Bishkek, Suerkulov str., 4-13
          Phone: (+996 312) 46-89-36


SIGN-PRIM: Creditors' Claim Due March
-------------------------------------
LLC Sign-Prim, which recently became insolvent, will accept
proofs of claim on or before March 6, 2006

CONTACT:  Sign-Prim
          Bishkek, Gorkov Str. 1


SUTU: Sets Last Day for Registering Claims
------------------------------------------
LLC Sutu, which recently became insolvent, will accept proofs of
claim on or before March 6, 2006.

Call (+996 312) 64-99-87 for more information.


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


GETRONICS N.V.: Plans to Sell its Italian ICT Market
----------------------------------------------------
In recent months, Getronics has studied various strategic
options for its Italian subsidiary.  Together with local
management, the Board of Management has concluded that in the
current Italian ICT market, the best option is to create a
strong national player with access to an international network.  
This also ensures continued high quality service delivery to our
clients.  

Getronics is in exclusive negotiations to sell its entire
Italian business activities to an Italian-based ICT services
company.  Following this transaction, the new combination
significantly improves its competitive position in what
continues to be a difficult market.  It is intended that the new
combination will have access to Getronics' remote service
delivery network through a preferred business partner agreement,
and that it becomes a key service partner for Getronics.  The
completion of the transaction is expected to take place in the
course of 2006.

Financial implications


As a result of the decision to sell the Italian operations, the
financial results of the operating company in Italy in 2005 will
be reported in the 2005 annual consolidated accounts as
'discontinued operations' under IFRS 5.

Besides ongoing challenging market circumstances in Italy, the
financial performance of Getronics' Italian operations in Q4
2005 was also unexpectedly negatively impacted by the
postponement of a large central government outsourcing project
originally awarded in June 2005.  The seasonal character of the
saturated Italian market and the length of its sales cycles have
made it impossible for the management of Getronics Italy to
compensate for this postponement with new profitable service
revenues in the remainder of Q4 2005.  In addition, the mix of
business has led to higher subcontractor and other costs than
planned, resulting in a serious unexpected operational loss in
Q4.  We also expect an impairment of goodwill related to our
Italian operations.  The commercial backlog at the end of 2005
however has increased, by more then 35% compared to end of 2004.  
When Getronics succeeds in selling its Italian operations it is
planning to liquidate the remaining emptied company Getronics
Italy S.p.A.  in 2006.  This would result in an expected
substantial one-off tax gain.  

Based on the currently available preliminary financial
information, all Getronics operational regions, with the
exception of Italy, are expected to have remained on track.  Due
to the unexpected loss of the Italian operations, however, the
Company is not expecting to meet its consolidated EBITAE target
of 5%.  The Company's results will be disclosed on 2 March 2006
when Getronics publishes its 2005 annual results.

Other divestments

The Board of Management of Getronics also has decided to
initiate a divestment program concerning a limited number of
operating companies in continental Europe during the first half
year 2006, based upon the group's long-term strategy and
recently conducted 2006 budget reviews.

The earmarked operating companies do not support the Company's
strategy, due to their current market positioning, portfolio-
alignment or lack of scale.  More importantly, they are not
expected to contribute to the financial targets set by the Board
of Management in its recent strategy review 2006-2008.  The
handful of companies involved represents around EUR 100 million
in revenue and circa 1100 FTEs.  The Company expects to complete
the divestment program in 2006.

The Board of Management foresees no change to the services it
provides to its existing clients as a result of these
divestments.  Getronics remains committed to operating its
(remote) services network including the Getronics Service
Centres, supporting 24x7 Workspace Management and Application
Services on a global scale.

"This divestment program is in line with the Company's recently
articulated strategy and a logical next step," says Klaas
Wagenaar (CEO).  "After our financial recovery in 2003 and 2004,
we have started to build our Global Delivery Model on the back
of our network and systems in critical on-site countries and
regions, supported by service centers in near shore countries
like Spain for application packaging and Mexico, Hungary and
Singapore for workspace management.  We are also establishing,
both directly and through partnerships, access to highly skilled
delivery resources in off shore countries."  

He continued, "Next to improving the effectiveness and
efficiency of our delivery capabilities we have also
strengthened our commercial capabilities during 2005,
particularly in the key Getronics strategic countries of the
Netherlands, United Kingdom and United States, as validated by
our recent international wins and strengthened commercial
pipeline in workspace management and related portfolio
services."

"This logical next step of divestments concerns operating
companies that do not fit within our new strategic framework.  
As a result of these divestments, Getronics will become an even
more focused company with a flexible global sourcing strategy
and specialised commercial capabilities targeting global and
national workspace management and related application services
opportunities in critical markets."

About Getronics

With some 27,000 employees in over 30 countries and approximate
revenues of EUR3 billion, Getronics is one of the world's
leading providers of vendor independent Information and
Communication Technology (ICT) solutions and services.

Getronics designs, integrates and manages ICT infrastructures
and business solutions for many of the world's largest global
and local companies and organizations, helping them maximize the
value of their information technology investments.  Getronics
headquarters are in Amsterdam, with regional offices in Boston,
Madrid and Singapore.  Getronics' shares are traded on Euronext
Amsterdam ("GTN").  Visit http://www.getronics.com/for further  
information about Getronics.

                            *   *   *

In May, Standard & Poor's Ratings Services revised its outlook
on Getronics N.V. to stable from positive.  At the same time,
Standard & Poor's affirmed its 'B+' long-term corporate credit
and 'B-' senior unsecured debt ratings on the group; and
assigned its 'B+' rating and '3' recovery rating to Getronics'
EUR300 million (US$388 million) senior secured bank loan,
indicating Standard & Poor's expectation of meaningful (50%-80%)
recovery of principal in the event of a default.

"The outlook revision follows our review of the group's business
and financial profiles," said Standard & Poor's credit analyst
Patrice Cochelin.  "We expect Getronics to again generate weak
free cash flow in 2005 after a negative figure in 2004."

An upgrade to the 'BB-' category is consequently unlikely in the
coming months.  Getronics' disappointing revenues in recent
months, coupled with gross margins capped at less than 20%,
attest to fierce competition in the company's main markets.

"Getronics' balance-sheet and liquidity positions are
nevertheless expected to continue to merit a slightly higher
rating," added Mr. Cochelin.

Over the past two months, Getronics completed the acquisition of
Dutch competitor Pinkroccade N.V., refinanced its EUR175 million
credit facility with a new EUR300 million secured facility
(excluding a EUR200 bridge loan), and closed a EUR400 million
equity offering to finance the cash component of the acquisition
and refinance part of its preferred stock.  Pro forma for these
transactions, the company's debt will essentially comprise its
EUR100 million bond maturing in 2008, a new EUR150 million
revolving credit facility due in March 2008, and a EUR75 million
acquisition tranche due in March 2008, which will be reduced by
EUR25 million in March 2006.

"The stable outlook reflects our expectation that restructuring
costs will continue to impair Getronics' free cash flow
generation in 2005, albeit without threatening its liquidity
position.  We may change the outlook to positive if Getronics'
free operating cash flow generation improves to a sustainable
positive figure after restructuring costs.  Conversely, if
service revenues continue to fall or liquidity weakens
materially, we may revise our outlook to negative.  Small
acquisitions in the company's core business should be
accommodated within the current rating," Mr. Cochelin said.

CONTACT:  GETRONICS N.V.
          Media Relations
          Phone: +31 6 22196721
          Fax: +31 30 274 7650
          E-mail: media@getronics.com

          Investor Relations
          Phone: +31 20 586 1982
          Fax: +31 20 586 1455
          E-mail: investor.relations@getronics.com


LAURUS N.V.: Ends 2005 with Lower Sales
---------------------------------------
Laurus N.V. has reported 2005 sales figures.  The combined like
for-like consumer sales of the Laurus banners followed a
strongly improving trend in the fourth quarter of 2005.  This
upward trend peaked in period 13 (the last four weeks of the
year), when like-for-like consumer sales rose 0.2%, almost
exactly equaling the 2004 like-for-like consumer sales level.  

Like-for-like consumer sales fell 8.8% in the first half-year,
5% in the second half-year and 2.2% in the last quarter.  All
three formats attributed to this improvement, through, among
others, several successful promotional campaigns.

Although this means that the downward trend in like-for-like
consumer sales of the past two years has been reversed, Laurus
still ended 2005 with lower sales.  Net sales in 2005 (52 weeks)
totaled EUR3,083.2 million, compared with EUR3,405.9 million in
2004 (53 weeks).  Consumer sales in 2005 (52 weeks) amounted to
EUR3,693.3 million, as against EUR4,068.7 million in 2004 (53
weeks).  The combined like-for-like consumer sales by Edah,
Konmar Superstores and Super de Boer (52 weeks) were down 6.8%
compared with 2004.

The improvement in like-for-like consumer sales was realized at
the expense of margin, which remained under pressure in 2005.  
As a consequence, the operating result for the second half of
2005 is not expected to show improvement on the first half.

CONTACT:  LAURUS N.V.
          Parallelweg 64
          5201 AD's-Hertogenbosch, The Netherlands
          Phone: +31-73-622-3622
          Fax: +31-73-622-3636
          Web site: http://www.laurus.nl/


ROYAL SHELL: Shortlists Bidders for LPG Division
------------------------------------------------
Royal Dutch Shell plc has made a shortlist of bidders for its
liquefied petroleum gas (LPG) operation, according to Reuters.

A spokeswoman has noted the oil company may dispose of the
division in parts, and not as a whole as earlier planned.  She
added, "Various sale options are being pursued, including
selling the business in more than one transaction."

The LPG unit, which analysts said could be valued at around
GBP112.5 billion, attracted several bids from trade buyers and
private equity firms in December.  The business -- the world's
second largest LPG dealer -- has earnings before interest, tax,
depreciation and amortization (EBITDA) of about EUR200 million.

A sale is expected to be completed during the first half of this
year, according to the spokeswoman. She said, "We expect to be
in discussions with the selected bidders over the coming weeks
and we will then take a decision if the values offered are
sufficient."

Spain-based Repsol YPF has reportedly tabled an offer, but the
spokeswoman did not confirm whether the oil company was
shortlisted.  She also refused to comment whether French firm
Total S.A. took part in the transaction.  Total could face
inquiry by the antitrust authorities with its major presence in
the LPG industry in France where Shell's LPG arm was very
active.

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/


ROYAL SHELL: Share Cancellation Progressing
-------------------------------------------
On 17 January 2006, Royal Dutch Shell plc purchased for
cancellation 495,000 'A' Shares at a price of EUR27.03 per
share.  It further purchased for cancellation 165,000 'A' Shares
at a price of 1,853.94 pence per share.

Following the cancellation of these shares, the remaining number
of 'A' Shares of Royal Dutch Shell plc will be 3,933,517,974.

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/


ROYAL SHELL: Australian Unit Secures Exploration Rights
-------------------------------------------------------
Shell Development (Australia) Pty. Ltd. has been awarded
exploration rights to a block in the Browse Basin offshore
Western Australia, in which Shell will have a 100% interest.

The permit area, WA-371-P, is located in the Caswell Sub-basin
in the northern Browse Basin, approximately 450-km west
northwest of Broome.  This block lies in relatively shallow
water depths that range between 200 million and 300 million and
is adjacent to the giant Ichthys/Brewster gas field.  Chairman
of the Shell Companies in Australia, Tim Warren, said: "The re
emergence of strong growth in Asia-Pacific LNG demand has
prompted us to look again at acreage, where previously we would
have been concerned about the commercial potential.  Now, we
believe that permit area WA-371-P could be a significant
contributor to the supply of LNG to the Asia-Pacific market.

Shell's interests in Australia are very important to realizing
our regional and global growth aspirations for gas, and to
sustaining our global LNG leadership position.  Additional
exploration is a pre-requisite to successfully sustaining this
position, and at the same time enhancing our overall commitment
to Australian gas."

For the first three years, Shell has committed to seismic
studies, which will include the reprocessing of a large 3D
seismic grid and in-depth reservoir analysis; field development
planning; and the drilling of 12 wells.  There is also
significant potential for a further three-year program.

                        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/


VERSATEL TELECOM: Q4, Full-year Results Out March
-------------------------------------------------
Versatel Telecom International N.V. disclosed Tuesday that
Fredrik Berglund has resigned from his position as Supervisory
Director at Versatel, due to family reasons.

Mr. Berglund, who also functioned as Executive Vice President
Sales and Marketing of Tele2 AB, has resigned from his position
at Tele2 for the same reason.  Versatel does not intend to
replace Mr. Berglund.  

Furthermore, Versatel announces that its fourth quarter and full
year 2005 results shall be released on 1 March 2006.

                        About the Company

Versatel Telecom International N.V. (Euronext: VRSA) --
http://www.versatel.com/or http://www.tele2.com/-- based in  
Amsterdam, is a competitive communications network operator and
a leading alternative to the former monopoly telecommunications
carriers in its target market of Benelux.  Founded in October
1995, the Company has approximately 1,100 employees and holds
full telecommunication licenses in The Netherlands and Belgium.
Versatel operates a facilities-based local access broadband
network that uses the latest network technologies to provide
business customers with high bandwidth voice, data and Internet
services.  Versatel is a publicly traded company on Euronext
Amsterdam under the symbol "VRSA".

CONTACT:  VERSATEL TELECOM INTERNATIONAL N.V.
          Investor Relations Department
          Hullenbergweg 101
          1101 CL Amsterdam
          The Netherlands
          Phone: +31 20 750 2362
          Fax: +31 20 750 1019
          E-mail: investor.relations@versatel.com


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


AKTANYSHSKAYA MOVABLE: Claims Filing Period Ends Next Week
----------------------------------------------------------
The Arbitration Court of Tatarstan republic commenced bankruptcy
proceedings against Aktanyshskaya Movable Mechanized Column
Melioration after finding the open joint stock company
insolvent.  The case is docketed as A65-8962/2005-SG4-26.  Mr.
K. Gizetdinov has been appointed insolvency manager.

Creditors have until January 26, 2006 to submit their proofs of
claim to:

(a) AKTANYSHSKAYA MOVABLE MECHANIZED COLUMN MELIORATION
    Russia, Tatarstan republic,
    Aktanysh, Stroiteley Str. 4

(b) K. GIZETDINOV
    Insolvency Manager
    420103, Russia, Tatarstan republic,
    Kazan, Post User Box 1

(c) ARBITRATION COURT OF TATARSTAN REPUBLIC
    Russia, Kazan, Kremlin,
    Building 1, Entrance 2


BASHKIRSKIY GRANITE: Undergoes Bankruptcy Supervision Procedure
---------------------------------------------------------------
The Arbitration Court of Bashkortostan republic has commenced
bankruptcy supervision procedure on limited liability company
Bashkirskiy Granite.  The case is docketed as A-07-36957/05-G-
ADM.  Mr. I. Iskhanov has been appointed temporary insolvency
manager.  Creditors may submit their proofs of claim to 450049,
Russia, Bashkortostan republic, Ufa, Ufimskoye Shosse, 13a.

CONTACT:  BASHKIRSKIY GRANITE
          450049, Russia, Bashkortostan republic,
          Ufa, Ufimskoye Shosse, 13a

          I. ISKHANOV
          Temporary Insolvency Manager
          450049, Russia, Bashkortostan republic,
          Ufa, Ufimskoye Shosse, 13a


BUILDING MECHANIZED: Declared Insolvent
---------------------------------------
The Arbitration Court of Tatarstan republic commenced bankruptcy
proceedings against Building Mechanized Company #3 after finding
the limited liability company insolvent.  The case is docketed
as A65-15504/2005-SG4-21.  Ms. F. Khafizova has been appointed
insolvency manager.  Creditors have until January 26, 2006 to
submit their proofs of claim to 423603, Russia, Tatarstan
republic, Elabuga, OS-3, Post User Box 122.

CONTACT:  BUILDING MECHANIZED COMPANY #3
          423230, Russia, Tatarstan republic,
          Bugulma, Transportnaya Str. 3

          F. KHAFIZOVA
          Insolvency Manager
          423603, Russia, Tatarstan republic,
          Elabuga, OS-3, Post user Box 122


KEMEROVO-AGRO-PROM-SNAB-1: Bankruptcy Hearing Set Today
-------------------------------------------------------
The Arbitration Court of Kemerovo region has commenced
bankruptcy supervision procedure on open joint stock company
Kemerovo-Agro-Prom-Snab-1.  The case is docketed as A27-
19442/2005-4.  Mr. V. Zakirov has been appointed temporary
insolvency manager.  

Creditors may submit their proofs of claim to 650099, Russia,
Kemerovo, Nogradskaya Str. 3-37.  A hearing will take place on
January 19, 2006.

CONTACT:  KEMEROVO-AGRO-PROM-SNAB-1
          650501, Russia, Kemerovo region,
          P/O Komissarovo

          V. ZAKIROV
          Temporary Insolvency Manager
          650099, Russia, Kemerovo region,
          Nogradskaya Str. 3-37


KULANGINSKOYE: Declared Insolvent
---------------------------------
The Arbitration Court of Tatarstan republic commenced bankruptcy
proceedings against Kulanginskoye after finding the open joint
stock company insolvent.  The case is docketed as A65-9561/2005-
SG4-35.  Ms. L. Akhmetshina has been appointed insolvency
manager.

Creditors have until January 26, 2006 to submit their proofs of
claim to:

(a) KULANGINSKOYE
    422320, Russia, Tatarstan republic,
    Kaybitskiy region, Kulanga, Svetlaya Str. 21a

(b) L. AKHMETSHINA
    Insolvency Manager
    420103, Russia, Tatarstan republic,
    Kazan, Post User Box 1

(c) ARBITRATION COURT OF TATARSTAN REPUBLIC
    Russia, Tatarstan republic,
    Kazan, Kremlin, Building 1, Entrance 2


PECHERSKAYA: Insolvency Manager Takes over Firm
-----------------------------------------------
The Arbitration Court of Nizhniy Novgorod region has commenced
bankruptcy supervision procedure on oil company Pecherskaya.  
The case is docketed as A43-19145/2005 24-326.  Mr. L.
Tanklevskiy has been appointed temporary insolvency manager.  A
hearing will take place on December 27, 2006, 9:15 a.m.

CONTACT:  PECHERSKAYA
          Russia, Nizhniy Novgorod region,
          Ilyinskaya Str. 52-a

          L. TANKLEVSKIY
          Temporary Insolvency Manager
          Russia, Nizhniy Novgorod region,
          Ilyinskaya Str. 52-a


SIB-STEEL-MECHANIZATION: Bankruptcy Hearing Set Next Week
---------------------------------------------------------
The Arbitration Court of Kemerovo region has commenced
bankruptcy supervision procedure on close joint stock company
Sib-Steel-Mechanization.  The case is docketed as A27-
21368/2005-4.  Mr. I. Luchshev has been appointed temporary
insolvency manager.

Creditors may submit their proofs of claim to 654006, Russia,
Kemerovo region, Novokuznetsk, Druzhby Str. 39, 4th floor,
office 407.  A hearing will take place on January 23, 2006, 1:30
p.m.

CONTACT:  SIB-STEEL-MECHANIZATION
          654000, Russia, Kemerovo region, Novokuznetsk,
          Promstroevskaya Str. 6

          I. LUCHSHEV
          Temporary Insolvency Manager
          654006, Russia, Kemerovo region, Novokuznetsk,
          Druzhby Str. 39, 4th floor, Office 407


SYUREKSKIY: Udmurtiya Court Brings in Insolvency Manager
--------------------------------------------------------
The Arbitration Court of Udmurtiya republic has commenced
bankruptcy supervision procedure on open joint stock company
Syurekskiy.  The case is docketed as A71-101/2005-G26.  Mr. E.
Shestakov has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 426072, Russia,
Udmurtiya republic, Izhevsk, Post User Box 1184.

CONTACT:  SYUREKSKIY
          427390, Russia, Udmurtiya republic,
          Syusminskiy region, Kilmez, Odesskaya Str. 3

          E. SHESTAKOV
          Temporary Insolvency Manager
          426072, Russia, Udmurtiya republic,
          Izhevsk, Post User Box 1184


TUGAN YAK: Bankruptcy Supervision Procedure Begins
--------------------------------------------------
The Arbitration Court of Tatarstan republic has commenced
bankruptcy supervision procedure on agricultural company Tugan
Yak.  The case is docketed as A65-28143/2005-SG4-35.  Ms. F.
Khafizova has been appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 423603, Russia,
Tatarstan republic, Elabuga, OS-3, Post User Box 122.  A hearing
will take place on March 20, 2006, 1:30 p.m.

CONTACT:  TUGAN YAK
          422174, Russia, Tatarstan republic,
          Mamadyshskiy region, Kemesh Kul

          F. KHAFIZOVA
          Temporary Insolvency Manager
          423603, Russia, Tatarstan republic,
          Elabuga, OS-3, Post User Box 122


TYULYACHINSKAYA: Bankruptcy Hearing Set March
---------------------------------------------
The Arbitration Court of Tatarstan republic has commenced
bankruptcy supervision procedure on furniture company
Tyulyachinskaya.  The case is docketed as A65-29408/2005-sg4-21.  
Mr. V. Semenov has been appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 420021, Russia,
Tatarstan republic, Kazan, Post User Box 364.  A hearing will
take place on March 30, 2006, 10:30 a.m. at Russia, Kazan,
Kremlin, Building 1, Entrance 2, Room 6.

CONTACT:  TYULYACHINSKAYA
          Russia, Tatarstan republic,
          Tyulyachinskiy region, Sharmashi

          V. SEMENOV
          Temporary Insolvency Manager
          420021, Russia, Tatarstan republic,
          Kazan, Post User Box 364


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


SKANDIA INSURANCE: Old Mutual Ups Acceptance Level to 69.7%
-----------------------------------------------------------
Old Mutual plc confirmed Tuesday that acceptances of its Offer
have now been validated in respect of 718,531,850 shares in
Skandia Insurance Co. Ltd. representing approximately
69.7% of the total number of shares and votes in Skandia (on a
fully diluted basis).  As announced on 16 January, the Offer for
Skandia has been extended and will remain open for acceptance
until 23 January 2006.

                            *   *   *

Old Mutual plc disclosed Monday that acceptances of its Offer
have been validated representing 68.6% of the total number of
shares and votes in Skandia Insurance Co. Ltd. on a fully
diluted basis.  The process of obtaining regulatory approval
from financial regulators continues to advance.  Approvals have
been received from financial regulators in Sweden and most other
jurisdictions.  Currently, approval from the U.K. and a small
number of other jurisdictions remain outstanding.  These
approvals are expected to be received shortly and settlement is
anticipated to begin by the end of January.  Old Mutual has
received all relevant anti-trust clearances.

In another statement, Skandia Insurance revealed that under the
condition that Old Mutual receives approval in the outstanding
regulatory matters, Old Mutual will be Skandia's principal
shareholder.  Skandia continues to be a listed company that is
subject to the rules of the Stockholm Stock Exchange.  As
previously announced, Skandia shareholders will continue to have
the right to withdraw tendered shares during the extension
period.  Skandia's customer relations will remain unchanged with
Old Mutual as the principal owner.

CONTACT:  SKANDIA INSURANCE COMPANY LTD.
          Sveavagen 44
          S-103 50 Stockholm, Sweden
          Phone: +46-8-788-1000
          Fax: +46-8-788-3080
          Web site: http://www.skandia.com/

          Bjorn Bjornsson
          Vice Chairman
          Phone: +46-8-788 25 00

          Jan-Mikael Bexhed
          General Counsel
          Phone: +46-8-788 25 00

          OLD MUTUAL PLC
          Investor Relations
          Andrew Parkins
          Phone: +44 (0) 20 7002 7264
          Media Relations
          Miranda Bellord
          Phone: +44 (0) 20 7002 7133
          Web site: http://www.oldmutual.com/


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


BANK FINANCE: Moody's Withdraws Rating on Postponed Loan
--------------------------------------------------------
Moody's Investors Service has withdrawn the B2 rating for the
debut loan participation notes that were expected to be issued
by Finance and Credit Ukraine B.V. for the sole purpose of
funding a loan by Moscow Narodny Bank Limited to Bank Finance
and Credit Ltd. (Ukraine), due to postponement of the sale at
the issuer's option because of unfavourable market conditions.

Bank Finance and Credit Ltd. is headquartered in Kyiv, Ukraine,
and reported total consolidated assets of US$641.5 million in
accordance with IFRS as of June 30, 2005.

CONTACT:  MOODY'S INVESTORS SERVICE LTD. (LONDON)
          Adel Satel, Managing Director
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454

          MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL)
          Dmitry Polyakov, Asst Vice President - Analyst
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454


BOMOND-ELECTRONICS: Succumbs to Insolvency
------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Bomond-Electronics (code EDRPOU 24892204) on
November 2, 2005 after finding the limited liability company
insolvent.  The case is docketed as 246/11 b-05.  Mr. A.
Vershinin (License Number AB 176254) has been appointed
liquidator/insolvency manager.

CONTACT:  BOMOND-ELECTRONICS
          09100, Ukraine, Kyiv region,
          Bila Tserkva, Shkilna Str. 37/20

          Mr. A. Vershinin
          Liquidator/Insolvency Manager
          03110, Ukraine, Kyiv region, a/b 151

          ECONOMIC COURT OF KYIV REGION
          01032, Ukraine, Kyiv region,
          Komintern Str. 165


BUDPROMSERVICE: Goes into Liquidation
-------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Budpromservice (code EDRPOU 20617275) on
November 2, 2005 after finding the private firm insolvent.  The
case is docketed as 249/11 b-05.  Mr. A. Vershinin (License
Number AB 176254) has been appointed liquidator/insolvency
manager.

CONTACT:  BUDPROMSERVICE
          09100, Ukraine, Kyiv region,
          Bila Tserkva, Vernadskij Str. 10/20

          Mr. A. Vershinin
          Liquidator/Insolvency Manager
          03110, Ukraine, Kyiv region, a/b 151

          ECONOMIC COURT OF KYIV REGION
          01032, Ukraine, Kyiv region,
          Komintern Str. 165


GIDROINZHBUD: Court Appoints Liquidator
---------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Gidroinzhbud (code EDRPOU 32456376) on
November 2, 2005 after finding the limited liability company
insolvent.  The case is docketed as 248/11 b-05.  Mr. A.
Vershinin (License Number AB 176254 of October 12, 2005) has
been appointed liquidator/insolvency manager.

CONTACT:  GIDROINZHBUD
          09100, Ukraine, Kyiv region,
          Bila Tserkva, Tarashanska Str. 115/90

          Mr. A. Vershinin
          Liquidator/Insolvency Manager
          03110, Ukraine, Kyiv region, a/b 151

          ECONOMIC COURT OF KYIV REGION
          01032, Ukraine, Kyiv region,
          Komintern Str. 165


NIKOLSKE: Declared Insolvent
----------------------------
The Economic Court of Donetsk region commenced bankruptcy
proceedings against Nikolske (code EDRPOU 05287822) on after
finding the limited liability company insolvent.  The case is
docketed as 15/78 B.  Mr. Sergij Skachko (License Number AA
216701) has been appointed liquidator/insolvency manager.

CONTACT:  NIKOLSKE
          84152, Ukraine, Donetsk region,
          Slovyanskij district, Nikolske, Komintern Str. 2

          Mr. Sergij Skachko
          Liquidator/Insolvency Manager
          83017, Ukraine, Donetsk region,
          Shevchenko Str. 31
          Phone: (062) 348-85-86

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


OMEGA: Insolvency Manager Chosen
--------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Omega (code EDRPOU 31248025) on November 2,
2005 after finding the private enterprise insolvent.   The case
is docketed as 250/11 b-05.  Mr. A. Vershinin (License Number AB
176254) has been appointed liquidator/insolvency manager.

CONTACT:  OMEGA
          09100, Ukraine, Kyiv region,
          Bila Tserkva, Krizhanivskij Str. 15/43

          Mr. A. Vershinin
          Liquidator/Insolvency Manager
          03110, Ukraine, Kyiv region, a/b 151

          ECONOMIC COURT OF KYIV REGION
          01032, Ukraine, Kyiv region,
          Komintern Str. 165


TEHAGROBUD: Odessa Court Opens Bankruptcy Proceedings
-----------------------------------------------------
The Economic Court of Odessa region commenced bankruptcy
proceedings against LLC Tehagrobud (code EDRPOU 32334057) on
after finding the limited liability company insolvent.  The case
is docketed as 2/197-05-7678.  Mr. Andrij Belkin has been
appointed liquidator/insolvency manager.

CONTACT:  TEHAGROBUD
          65032, Ukraine, Odessa region,
          Illichivsk, Pershogo Travnya Str. 3

          Mr. Andrij Belkin
          Liquidator/Insolvency Manager
          65017, Ukraine, Odessa region,
          Skvortsov Str. 4/48

          ECONOMIC COURT OF ODESSA REGION
          65032, Ukraine, Odessa region,
          Shevchenko Avenue 4


UKRANET-TRANS: Liquidator Takes over Operations
-----------------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against LLC Ukranet-Trans (code EDRPOU 19248665) on
November 24, 2005 after finding the limited liability company
insolvent.  The case is docketed as 24/763-b.  Mr. Korolenko V.
(License Number AB 216930) has been appointed
liquidator/insolvency manager.

CONTACT:  UKRANET-TRANS
          Ukraine, Kyiv region,
          Oranzherejna Str. 1

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


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


ATY AUTOMOTIVE: Hires Till Morris Partnership as Administrator
--------------------------------------------------------------
Duncan Roderick Morris (IP No 8693) of The Till Morris
Partnership was appointed administrator of ATY Automotive &
Industrial Components (UK) Limited (Company No 02509597) on Jan.
4.

CONTACT:  ATY AUTOMOTIVE & INDUSTRIAL COMPONENTS (UK) LIMITED
          Web site: http://atyautomotivendstrlcmpnnts.s1n.info/

          THE TILL MORRIS PARTNERSHIP
          2 Church Street,
          Warwick CV34 4AB
          E-mail: duncan.morris@tillmorris.co.uk  


CANTERBURY REALISATIONS: Sale of Business Saves 32 Jobs
-------------------------------------------------------
Following their appointment as joint administrators on 3 January
2006, Ian Green and Steve Ellis of PricewaterhouseCoopers have
disposed of Canterbury Realisations Limited's -- formerly
Canterbury Foods Limited -- cooked meat products business
located at a manufacturing site in Yate, Bristol to TQF Limited,
a company incorporated for this purpose by W&W Foods plc.


Ian Green said, "I am pleased to announce the sale of the
remaining business within the company's pastry products and food
ingredients division, which preserves the jobs of all 32
employees at the site in Yate."

                        About the Company

Canterbury Foods operated as a manufacturer of pastry products
and food ingredients, supplying the U.K. foodservice market,
other food manufacturers and the retail bake-off market.  The
company's other three manufacturing sites located at the Isle of
Sheppey (Kent), Whitstable (Kent) and Bridgend (South Wales)
were sold to Medway Foods Limited, a management buy-out vehicle
on 3 January 2006.  The company's meat products division was
sold to Tranfield Foods Limited on 23 December 2005.  With a
workforce of over 500, the company posted turnover of around
GPB48.5 million and losses of around GBP2.5 million in 2004.

In September, Canterbury Foods admitted the first half of 2005
saw a difficult trading period, particularly in the Meat
Division, which adversely affected the Group financial
performance.  This resulted in an operating loss of GBP1.121
million and sales of GBP20.66 million, down by GBP2.8 million
against 2004.

In the second half, it implemented further cost reductions and
continue the drive for further efficiency enhancements to
protect profitability despite the continuing pressure on its
meat business.  It has also negotiated a temporary increase of
GBP500,000 in its overdraft facility with banks.

CONTACT:  CANTERBURY REALISATIONS LIMITED
          Liverpool Street
          Hull HU3 4HW
          United Kingdom
          Phone: +44-1482-326-234
          Fax: +44-1482-210-375
          Web site: http://www.canterburyfoodsgroup-plc.com/

          PRICEWATERHOUSECOOPERS
          Jenny Britton
          Business Recovery Services PR Manager
          Phone:020 7212 2970
          Mobile: 07855 522485


DANKA BUSINESS: Extends Relations with Biggest Client
-----------------------------------------------------
Danka Business Systems plc has entered into an expanded multi
year strategic relationship with its largest customer, Pitney
Bowes Management Services, Inc. (PMBS), a wholly owned
subsidiary of Pitney Bowes Inc. (NYSE: PBI).  Under the terms of
this agreement Danka becomes PBMS's preferred service provider
for the majority of its copier equipment fleet in the U.S.

Danka Chief Executive Todd Mavis said, "The extension and
expansion of our Pitney Bowes relationship will generate
substantial benefits for both companies.  By leveraging our
service-driven capabilities, including our innovative Managed
Print Services offerings, we will enable Pitney Bowes to unify
and streamline the bulk of its copier support requirements -
resulting in improved fleet utilization and lower overall total
costs of ownership.  Equally important, this expanded
relationship will also be a key driver in our goal to stabilize
Danka's services revenue; a key tenet of our strategic plan."

"This agreement builds on our excellent long-term relationship
with Pitney Bowes and is further demonstration of our shared
market views including a commitment to providing our customers
with the best support in the industry."

Vincent De Palma, president, Pitney Bowes Management Services,
said, "Our important relationship with Danka continues to grow
and strengthen.  This new agreement will assist Pitney Bowes in
growing its share of the facilities management market by
offering a complete document management solution, supported by
Danka across the U.S. for both new and existing customers.  This
consolidation of our U.S. services needs was made possible by
our confidence in Danka and their demonstrated industry
leadership in providing superior service and support."

About Pitney Bowes

Pitney Bowes Inc. provides the world's most comprehensive suite
of mailstream software, hardware, services and solutions to help
companies manage their flow of mail, documents and packages to
improve communication.  Pitney Bowes, with US$5.4 billion in
annual revenue, takes an all-inclusive view of its customers'
operations, helping organizations of all sizes enjoy the
competitive advantage that comes from an optimized mailstream.

The company's 85 years of technological leadership have produced
many major mailstream innovations, and it is consistently on the
Intellectual Property Owners Association's list of top U.S.
patent holders.  With approximately 35,000 employees worldwide,
Pitney Bowes serves more than 2 million businesses through
direct and dealer operations.  More information about the
company can be found at http://www.pb.com/

About Danka

Headquartered in London and St. Petersburg, Florida, Danka
Business Systems plc is an independent provider of enterprise
imaging systems and services.  With a worldwide workforce of
9,500, the company delivers value to clients worldwide by using
its expert technical and professional services to implement
effective document information solutions.

In July, Danka Business Systems plc reported first-quarter
revenue of GBP166.8 million, gross margins of 33.7% and a loss
from continuing operations before tax and finance costs of
GBP2.3 million, including a cost restructuring charge of GBP3.0
million.

For the full year, Danka reported turnover of GBP668.2 million
and operating losses of GBP22.8 million excluding exceptional
items.  Danka's fourth quarter turnover was GBP158.6 million and
operating losses were GBP27.1 million excluding exceptional
items.  The results include a GBP9.4 million provision for U.S.
trade debtors in the fourth quarter.  Including the exceptional
restructuring charges of GBP5.1 million and GBP4.0 million, the
Group reported operating losses of GBP27.9 million for the full
year and GBP31.0 million for the fourth quarter respectively.

CONTACT:  DANKA BUSINESS SYSTEMS PLC
          1230 Arlington Business Park
          Theale
          West Berkshire RG7 4TX, United Kingdom
          Phone: +44-118-903-2163
          Web site: http://www.danka.com/


FAWCETTS QUALITY: Names Administrators from Jacksons Jolliffe
-------------------------------------------------------------
David Antony Willis and Mathew Colin Bowker (IP Nos 9180, 8106)
of Jacksons Jolliffe Cork were appointed joint administrators of
Fawcetts Quality Butchers Limited (Company No 1987125) on Dec.
29.  Its registered office is at 2 Startforth Road, Riverside
Park, Middlesbrough, Teesside TS2 1PT.  The company operates a
chain of butchery outlets.

CONTACT:  FAWCETTS QUALITY BUTCHERS
          Kingston Park Centre
          Newcastle Upon Tyne NE3 2FP
          Phone: 0191-214 0657

          JACKSONS JOLLIFFE CORK
          Cleveland Business Centre,
          1 Watson Street,
          Middlesbrough TS1 2RQ


GENESIS LABORATORY: Appoints Liquidator
---------------------------------------
At the extraordinary general meeting of Genesis Laboratory Ltd.
held on Dec. 30 at the offices of Elliot, Woolfe & Rose, 1st
Floor, Equity House, 128-136 High Street, Edgware, Middlesex HA8
7TT, the subjoined special resolution to wind up the company was
passed.  Melvyn L. Rose of Elliot, Woolfe & Rose, 1st Floor,
Equity House, 128-136 High Street, Edgware, Middlesex HA8 7TT
was appointed liquidator.

Creditors are required on or before February 28, 2006, to send
in their full forenames and surnames, addresses and
descriptions, full particulars of debts or claims and the names
and addresses of Solicitors (if any), to Melvyn L. Rose.

CONTACT:  ELLIOT WOOLFE & ROSE
          1st Floor
          Equity House
          128/136 High Street
          Edgware
          Middlesex HA8 7TT
          Phone: 020 8952 0707
          Fax: 020 8952 2332
          E-mail: mlr@ewr.co.uk


HI SPEED: Names Administrators from CBA
---------------------------------------
Carol Batten appointed Neil Charles Money and Neil Richard
Gibson (Office Holder Nos 8900, 9213) of CBA joint
administrative receivers of Hi Speed Hire Limited (Reg No
02620069) on Jan. 5.  

CONTACT:  HI-SPEED HIRE
          47 High Street
          Nailsea
          Bristol BS48 1AW
          Avon
          Phone: 01275 810364

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


INTEGRAL RECRUITMENT: Administrators Take Over Firm
----------------------------------------------------
Robert C. Keyes and Paul W. Ellison (IP Nos 1016, 7254) of Hurst
Morrison Thomson CR LLP were appointed administrators of
Integral Recruitment Limited (Company No 04223130) on Jan. 4.  
Its registered office is at The Triangle, Third Floor, Exchange
Square, Manchester.

CONTACT:  INTEGRAL RECRUITMENT LTD.
          8 Springfield Road,
          Altrincham, Cheshire WA14 1HE
          Phone: 0161-613-8123

          HURST MORRISON THOMSON CORPORATE RECOVERY LLP
          5 Fairmile, Henley on Thames,
          Oxfordshire RG9 2JR
          Phone: +44 (0) 1491 579866
          Fax:   +44 (0) 1491 573397
          E-mail: hmt@hmtgroup.co.uk


KATZ PICTURES: Creditors Debt Claims Deadline Set Next Month
------------------------------------------------------------
At the extraordinary general meeting of the members of Katz
Pictures Limited held on Dec. 22 at 149-151 rue Anatole, France,
92534 Levallois-Perret Cedex, France, the special resolution to
wind up the company was passed.  Robert Stephen Palmer of
Gallaghers, PO Box 698, 2nd Floor, Titchfield House, 69-85
Tabernacle Street, London EC2A 4RR was appointed liquidator.

Creditors are required on or before February 28, 2006, to send
in their full names, addresses and descriptions, full
particulars of debts or claims and the names and addresses of
Solicitors (if any), to Robert Stephen Palmer.

CONTACT:  GALLAGHER & CO
          PO Box 698
          Titchfield House
          69/85 Tabernacle Street
          London EC2A 4RR
          Phone: 020 7490 7774
          Fax: 020 7490 5354
          E-mail: robert@gallaghers.co.uk  


LUXURYCLASS LTD.: Tour Operators Reach Dead End
-----------------------------------------------
Luxuryclass Ltd. and its subsidiary Bansi Tours have fallen into
liquidation, said The Scotsman.

The two Glasgow-based travel agents -- trading as Discount
Holidays/Time Travel and Viva Holidays, respectively -- have
scheduled meetings of creditors.

They have been delisted from the Association of British Travel
Agents, while their ATOL licenses have already been canceled.  

Established in 1996, Discount Holidays used to be part of the
travel empire built by Iraqi-born Dhia Al-Ani, who also launched
Air Scotland in 2003.  However, a Spanish firm took over the
airline with debt of GBP2 million in 2005.

CONTACT:  LUXURYCLASS LTD.
          4th Floor Campbell House
          215 West
          G2 4TT Glasgow
          Phone: 0141-353-8900


MARKS & SPENCER: Acquires 28 Stores for GBP38 Million
-----------------------------------------------------
Marks & Spencer Group plc will extend its successful Simply Food
format with the acquisition of 28 stores on a leasehold basis
from Iceland Foods Ltd. for a consideration of GBP38 million.

The transaction is expected to complete in March, following
which the stores will be refitted and will reopen as Simply Food
stores between June and August this year.

The stores, which average around 5,000 square feet, are all in
target locations for the Simply Food brand throughout the U.K.  
The management and sales staff currently working in these stores
will be transferred to Marks & Spencer through TUPE.

The new Simply Food stores will offer up to 2,000 Marks &
Spencer food lines including ready meals, fresh produce,
sandwiches, wine, flowers and basic groceries plus a selection
of cards and hosiery.

Following the acquisition, Marks & Spencer will have 171 Simply
Food stores throughout the U.K.

Ian Dyson, finance director, said, "We are delighted to have
acquired these sites which will enable us to accelerate the
growth of our very popular and profitable Simply Food concept."

The new Simply Food stores being acquired will be in the
following areas: Belfast Upper Newtownards Road, Bicester,
Biggin Hill, Braintree, Caversham, Christchurch, Cirencester,
Coleraine, Devizes, Durham, Edinburgh, Hazel Grove, Hertford,
Honiton, Market Harborough, Morpeth, Newtownards, Northallerton,
Oadby, Ormskirk, Palmers Green, South Woodford, St Neots,
Sudbury, Tewkesbury, Cleveleys, Torquay and Trowbridge.

There are currently 143 Simply Food stores in the U.K., Republic
of Ireland and the Channel Islands.  These include 40 franchise
stores in railway stations, Heathrow airport, motorway service
areas and petrol station forecourts.

                        About the Company

Marks & Spencer has over 400 stores located throughout the U.K.,
including its largest store at Marble Arch, London.  In
addition, the Company has 150 stores worldwide, including over
130 franchise businesses, operating in 30 countries.  In 2004,
it had turnover of over GBP8 billion, operating profit of
GBP823.9 million, and almost GBP2 billion in assets.

It has carried out aggressive price cutbacks to offset declining
sales.  The prices of its ladieswear clothing brands have been
reduced by 25%.  In July, the company reported that U.K. Retail
Sales for the 14 weeks to 9 July 2005 were down 3.1% in total,
with General Merchandise down 10.3% and Food up 5%.  Clothing
was down 9.2% and Home down 22.3%.  Like-for-like sales were
down 5.4%, with General Merchandise down 11.2% and Food up 0.7%.

CONTACT:  MARKS & SPENCER GROUP PLC
          Michael House
          47-67 Baker Street
          London
          England
          W1U 8EP
          Phone: +44 20 7935 4422
          Fax: +44 20 7487 2679
          Web site: http://www.marksandspencer.com/


MOLD LEISURE: Restaurant Names Administrator
--------------------------------------------
Henry Anthony Shinners and Anthony Cliff Spicer (IP Nos 9280,
9071) of Smith & Williamson Limited were appointed
administrators of Mold Leisure Limited (Company No 4862099) on
Jan. 6.   

CONTACT:  SMITH & WILLIAMSON
          25 Moorgate
          London EC2R 6AY
          Inner London  
          Phone: 020 7637 5377
          Fax: 020 7631 0741
          E-mail: henry.shinners@smith.williamson.co.uk/


NOW TRANSPORT: Administrators from Begbies Traynor Move in
----------------------------------------------------------
David Paul Hudson and Lloyd Biscoe (IP Nos 008977, 009141) of
Begbies Traynor were appointed joint administrators of haulage
company Now Transport Ltd. (Company No 05533027) on Jan. 4.  Its
registered office is at Unit E, Zenith Industrial Estate,
Paycocke Road, Basildon, Essex SS14 3DW.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange, 234 Southchurch Road
          Southend-on-Sea SS1 2EG
          Phone: 01702 467255
          Fax: 01702 467201
          E-mail: southend@begbies-traynor.com
          Web site: http://www.begbies.com/


PRECISION TOOL: Manufactures Hires Rothman Pantall Administrator
----------------------------------------------------------------
R. D. Smailes and S. B. Ryman (IP Nos 8975, 4731) of Rothman
Pantall & Co. were appointed administrators of Precision Tool &
Mould Limited (Company No 05153616) on Dec. 23.  Its registered
office is at 1st Floor Suite, Watton House, Watton Road, Ware,
Hertfordshire SG12 0AE.  The company manufactures tools.

CONTACT:  PRECISION TOOL & MOULD
          Unit 25 Park Fm Indust Est,
          Buntingford, SG9 9AZ

          ROTHMAN PANTALL & CO
          Clareville House,
          26-27 Oxendon Street,
          London SW1Y 4EP
          Phone: +44 (0) 20 7930 7272
          Fax: +44 (0) 20 7930 9849
          E-mail: london@rothman-pantall.co.uk
          Web site: http://www.rothman-pantall.co.uk/


SCREENTEC PRINT: Administrators Enter Firm
------------------------------------------
Adrian David Allen, Philip Edward Pierce (IP Nos 8740, 9364) and
Lindsey Jane Cooper (IP No 8931) of Baker Tilly were appointed
joint administrators of Screentec Print Limited (Company No
01688400) on Dec. 23.  Its registered office is at 15-16 Ferry
Bridge Business Park, Fishergate, Knottingley, West Yorkshire
WF11 8NA.

Screentec Print Limited -- http://www.screentec-cpm.com/-- is  
engaged in printing.  Its managing director is John Durkin while
Derek Johnson is in charge of sales.

CONTACT:  SCREENTEC PRINT LTD.
          Vicarage Street North
          Wakefield WF1 3NS
          West Yorkshire
          Phone: 01924 291222
          Fax: 01924 372842

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

          BAKER TILLY
          Brazennose House,
          Lincoln Square,
          Manchester M2 5BL
          Phone: 0161 834 5777
          Fax:   0161 835 3242
          Web site: http://www.bakertilly.co.uk/


SPECTRUM CIVIL: Court Orders Winding-up
---------------------------------------
The Bristol District Registry issued a winding-up order against
Spectrum Civil Engineering Limited on Dec. 7, 2005.  The
winding-up petition was filed Oct. 17, 2005.

CONTACT:  SPECTRUM CIVIL ENGINEERING LIMITED
          Rhianfa Cottage, Quinta,
          Weston Rhyn, Oswestry
          Shropshire SY10 7LW
          Phone: 01939261132

          Official Receiver
          Suite 5, 3rd Floor,
          Windsor House, Pepper Street,
          Chester, CH1 1DF
          Phone: 01244 402750
          Fax: 01244 402799


SPEY BAY: Calls in Administrators from Tenon Scotland
-----------------------------------------------------
T. C. MacLennan and K. R. Craig (IP Nos 8209, 8584) of Tenon
Scotland were appointed joint administrators of golf course and
hotel firm Spey Bay Golf Links Limited (Company No 03851922) on
Dec. 19.  Its registered office is at 44 Ripley Gardens,
Mortlake, London SW14 8HF.  

CONTACT:  SPEY BAY
          Fochabers, Moray
          Scotland IV32 7PJ
          Phone: 01343 820424
          Fax: 01343 829282

          TENON SCOTLAND
          1 Royal Terrace
          Edinburgh
          Lothian EH7 5AD
          Phone: 0131 557 4455
          Fax: 0131 556 0662
          E-mail: tom.maclennan@tenongroup.com


SPEYMILL GROUP: Vice Chairman Steps Down
----------------------------------------
The Board of Speymill Group plc disclosed Tuesday that Paul
Doona has resigned from the board with immediate effect.

Mr. Doona joined the board as Executive Chairman in November
2004 following the significant investment made by Burnbrae
Limited.  He played a major role in the stabilization and
reorganization of the Group during 2005, paving the way for the
new executive team to implement the board's ongoing development
strategy.  He has acted as Vice Chairman since Bob MacDonald's
appointment as Executive Chairman in October 2005.

The directors wish to express their appreciation for Mr. Doona's
vital contribution to the business and wish him every success in
his future career.

                        About the Company

The Speymill Group plc (formerly known as Wigmore Group plc)
serves as contractors to the hotel and leisure industries.  In
June, Chairman Paul Doona said, "The year to December 2004 was a
very poor one for the Group resulting in a loss after tax of
GBP6.71 million (2003: loss GBP0.36 million) which comprised
pre-exceptional losses of GBP2.28 million (2003: loss GBP0.36
million) and exceptional costs of GBP4.43 million (2003:
GBPnil).

"The figures reflect an appalling year for the Group and root
and branch restructuring has been necessary since the financial
rescue by our majority shareholder Burnbrae.  I am, however,
confident that the Group is now on a firm financial footing and
that the long tried patience of our shareholders will ultimately
be rewarded."

CONTACT:  THE SPEYMILL GROUP PLC (THE WIGMORE GROUP PLC)
          Arundel House, Amberley Ct., County Oak Way
          Crawley, West Sussex RH11 7XL
          United Kingdom
          Phone: +44-845-070-1200
          Fax: +44-845-070-2300
          Web site: http://www.wigmoregroup.com/


TROJEN FAN: Names Administrators from Moore Stephens
----------------------------------------------------
Mark Elijah Thomas Bowen and Nigel Price (IP Nos 8711, 8778) of
Moore Stephens LLP were appointed administrators of Trojen Fan &
Fabrications Limited (Company No 04502376) on Dec. 22.  

CONTACT:  TROJEN FAN & FABRICATIONS LTD.
          Unit 1, Oakhill Trading Estate,
          Devonshire Rd., Worsley,
          Manchester, Lancashire M28 3PT
          Phone: 01204 575151

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



UTSUMI . SMITH: Creditors Meeting Set Tomorrow
----------------------------------------------
Creditors of Utsumi . Smith Limited (Company No 03665957) will
meet on January 20, 2006, 2 p.m. at 79 Caroline Street,
Birmingham B3 1UP.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to R. G. Butcher, administrator of Butcher Woods, 79
Caroline Street, Birmingham B3 1UP not later than 12 noon,
January 19, 2006.

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


VIKING LAMINATES: Hires Cooper Parry Administrator
--------------------------------------------------
Tyrone Shaun Courtman and Shaun Neil Adams (IP Nos 7237, 6751)
of Cooper Parry LLP were appointed joint administrators of
Viking Laminates Limited (Company No 01443003) on Jan. 3.

Viking Laminates -- http://www.vikinglaminates.co.uk/-- is a  
leading UK-based distributor of kitchen worktops, laminates,
wall paneling and accessories.  The company is based in
Chippenham and Exeter with a full range of products including
Polyrey, Abet, Respatex, Omega, Odyssey and Axiom.  It also
offers door-to-door service throughout the south of England and
Wales as far north as the Midlands.

CONTACT:  VIKING LAMINATES LIMITED
          Spanbourn Avenue
          Chippenham
          Wiltshire SN15 1LQ
          Phone: 01249 656353
          Fax: 01249 659633/01249 445155
          E-mail: chippenham@vikinglaminates.co.uk

          COOPER PARRY LLP
          14 Park Row, Nottingham NG1 6GR
          Phone: +44 (0) 1332 295544
          Fax: +44 (0) 1332 295600
          Web site: http://www.cooperparry.com/


WESSEX CONSTRUCTION: Administrators from Grant Thornton Move In
---------------------------------------------------------------
Richard Hawes and Nigel Morrison (IP Nos 8954, 8938) of Grant
Thornton UK LLP were appointed administrators of Wessex
Construction And Plant Hire Limited (Company No 00645898) on
Jan. 3.  Its registered office is at 8 New Lane, Havant,
Hampshire PO9 2JH.

CONTACT:  WESSEX CONSTRUCTION and PLANT HIRE CO. LTD.
          8 New Lane Havant,
          Hampshire PO9 2JH
          United Kingdom
          Phone: +44 (23) 92 48 41 56
          Fax: +44 (23) 92 45 93 34

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


* Construction Output Drops for 1st Time in 11 Years
----------------------------------------------------
Construction output fell in 2005, the first fall in the industry
since 1994, bringing to an end the longest continuous period of
growth since the 1960s, according to the latest National
Construction Forecast from Experian, the global economic
forecasting group.

However, the decline is forecast to be short-lived, with the
industry returning to growth this year and the rate of increase
strengthening to 2008.  The downturn in construction is very
slight, with total output estimated to have fallen by about half
a percent in 2005.  The public sectors have been much weaker
than previously forecast, with new public housing output
estimated to be down by around 7%, a very surprising outturn
considering the pressure to deliver increasing levels of
affordable housing.  Public non-residential construction is
likely to have dropped by 8 per cent, with a hiatus in health
construction standing out especially.

Growth in public housing repair, maintenance and improvement
(RM&I) work was also more sluggish than predicted, and the
infrastructure sector has continued on the downward path it has
been on for some time.  In contrast, new private house building
has been stronger than forecast, the weakness of the housing
market in 2005 leading to only a slowdown in growth rather than
a decline in the sector.  Overall, after four years of
construction output growth above or in line with that for Gross
Domestic Product (GDP), the industry is likely to have
underperformed by as much as 2%, compared with the economy as a
whole in 2005.

                   Statement of James Hastings
             Head of Construction Futures Research

The construction industry proved not to be immune to the general
slowdown in the economy in 2005, with only the private house
building and public non-residential repair and maintenance
sectors performing better than expectations.  Looking forward,
however, we believe that the slight downturn in the industry is
likely to be short-lived.  New construction orders were up by
over 7.6% in real terms in 2004 and in the first three quarters
of last year were nearly 5% higher than in the same period of
2004.

Nevertheless, the breakdown between growing sectors and
declining ones continues to surprise.  In the first three
quarters of 2005, public housing orders were down, but those for
private house building continued to rise; and those for
industrial construction were up strongly, despite the poor
prospects for manufacturers at present, while commercial orders
have declined, notwithstanding the start of recovery in the
offices market.

Given this picture, the public sectors are unlikely to continue
to be quite the main drivers of construction industry growth
that they have been in recent years, although we do expect
government spending to hold up reasonably well in the short term
despite the current concern over public sector finances.

Our forecasts are for a modest increase in output of around 1.7%
in 2006, with output growth strengthening to over 3% in each of
the following two years.  The main drivers of this growth are
expected to be the general economic upturn that is forecast,
with a return to trend GDP growth from this year, a
strengthening housing market, work on directly and indirectly
related Olympics projects, and the aforementioned government
spending."

CONTACT: EXPERIAN
         Bruno Rost
         Press Relations Manager, Business Strategies
         Phone: +44 (0)115 96 85009
         E-mail: bruno.rost@uk.experian.com

         James Hastings
         Phone: 020 7355 8263



                            *********                            


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.  Jazel Laureno, Liv Arcipe, Julybien Atadero and
Jay Malaga, Editors.

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

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