TCREUR_Public/060420.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

            Thursday, April 20, 2006, Vol. 7, No. 78

                            Headlines


F R A N C E

ALCATEL S.A.: Publishing First Quarter 2006 Results on April 27

G E R M A N Y

AC -- KLIMAGERATE: Claims Registration Ends April 21
A - Z HANDWERKERMARKT: Claims Must be Registered by April 21
BERNHARD ANDREE: Creditors Must Register Claims by April 21
BUD-HAUS: Court Sets April 21 Claims Registration Deadline
FRIENDS TELEKOMMUNIKATION: Claims Registration Ends April 21

GLM-NEUMANN: Creditors Have Until April 21 to Register Claims
H.A.D.I. TRANSPORTE: Claims Must be Registered by April 21
INA GERMANY: Creditors Must Register Claims by April 21
MERTENS & BONN: Court Sets April 21 Claims Registration Deadline
ZL SYSTEMBAU: Creditors' Claims Must be Registered by April 21

I R E L A N D

CELTIC TRANSCRIPTIONS: Cuts 27 Jobs After Losing Major Contract

K A Z A K H S T A N

ELEKTROSET: Creditors Must Submit Proofs of Claim by April 28
JEZ ORTA: Creditors Have Until Apr. 28 to Submit Proofs of Claim
JEZ TEHSERVICE: Court Sets April 28 Claims Bar Date
KALAMGER-2030: Creditors Must Submit Proofs of Claims by Apr. 28
KALDAN BATYR: Proofs of Claim Must be Submitted by April 28

KORVET-III: Creditors Must Submit Proofs of Claim by April 28
KULANALAUG: Proofs of Claim Must be Submitted by April 28
ODUVANCHIK: Creditors Must Submit Proofs of Claim by April 28
OTYRAR: Court Declares Company Insolvent
TEMIRKAZYK: Creditors Have Until Apr. 28 to File Proofs of Claim

K Y R G Y Z S T A N

AK-BULA: Assets Auction Scheduled for April 24
ANAR: Auctioning Assets on April 21 in Djalal-Abad
KYRGYZAGROPROMBANK: Public Auction of Assets Set for April 21
VZRYVPROM: Auctioning Receivables on April 28

R U S S I A

COLOR: Bankruptcy Hearing Set for June 4
GUBERNSKIY DAIRY: Bankruptcy Hearing Slated for July 13
IVANTEEVSKAYA: Saratov Court Commences Bankruptcy Proceeding
LIMESTONE: Bankruptcy Hearing Set for April 27
METIKON: Court Declares Company Bankrupt

NIVA: Creditors Have Until May 4 to File Proofs of Claim
ORENBURG-FURNITURE-2: Proofs of Claim Must be Submitted by May 4
REINFORCED-CONCRETE CONSTRUCTIONS: Under Bankruptcy Supervision
SAZANOVSKOYE: Proofs of Claim Filing Period Ends May 4
SEL-KHOZ-TEKHNIKA: Undergoes Bankruptcy Supervision Procedure

U K R A I N E

AGROZERNOTEH: Cherkassy Court Commences Bankruptcy Proceeding
AV ELECTRONICS: Kyiv Court Starts Bankruptcy Proceeding
COMWAY TOP: Kyiv Court Begins Bankruptcy Proceeding
ENERGO-GAZ-RESURS: Kyiv Court Starts Bankruptcy Proceeding
FINANCIAL MEGAPOLIS: Kyiv Court Opens Bankruptcy Proceeding

HIMSERVICE: Lugansk Court Begins Bankruptcy Proceeding
BANK KHRESCHATYK: Fitch Affirms B Rating on LT Foreign Currency
PALLADA: Sevastopol Court Starts Bankruptcy Proceeding
SKADOVSKE: Herson Court Starts Bankruptcy Proceeding
VELIKO-ZHOVTNEVIJ: Sumi Court Starts Bankruptcy Proceeding

ZORYA: Poltava Court Commences Bankruptcy Proceeding

U N I T E D   K I N G D O M

A.T.J. (BIRMINGHAM): Appoints Poppleton & Appleby Administrator
BM ETCHCO: Names Duncan Roderick Morris as Estate Administrator
BOBBY JONES: Schofield & Duncan Named Joint Administrators
BOYS STUFF: Hires Joint Administrators from Moore Stephens
BREAM FOODS: Appoints Alan Simon to Wind Up Operations

BRITISH AIRWAYS: Increases Fuel Surcharge Starting April 21
CHISWICK ELECTRIC: Members Pass Winding Up Resolution
DUNTON CONSTRUCTION: Fin'l Woes Result to Voluntary Liquidation
FARRINGDON MORTGAGES: Fitch Rates Class B2a at BB
FKI PLC: Acquires Harrington Generators for GBP6 Million

HAIRFLAIR MAGAZINES: Creditors' Meeting Set for April 20
HEM GEM: S. L Conn Named Estate Administrator
LANSDOWNE MORTGAGE: Fitch Puts BB Rating on EUR2.8 Mil. B2 Notes
LMS INTERNATIONAL: Appoints Administrators from Kroll Limited
MISYS PLC: Repurchases 700,000 Shares from JPMorgan Cazenove

MOBILITY MEDIC: Appoints Alex Kachani to Wind Up Operation
MODUS COLLECTIONS: Creditors Affirm Voluntary Liquidation
NEWLANDS (SEAFORD): Names Kroll Limited as Administrator
OAKFIELDS JOINERY: Appoints Steven Law as Administrator
OXFORD DEVELOPMENT: Joint Liquidators Take Over Operations

PA PA: Taps Middleton Partners to Administer Assets
PAT RYAN: Appoints Joint Administrators from Harrisons
READY FENCE: Taps Eileen T.F. Sale to Liquidate Assets
REFLEX COMPUTERS: Appoints Begbies Traynor as Administrator
ST HELENS: Appoints Administrator from Parkin S Booth & Co

STAG FURNITURE: Creditors' Meeting Set for April 21
TEAM GROUP: Appoints Smith & Williamson as Administrator
T H SUTCLIFFE: Names Joint Administrators from Baker Tilly
VERVE PRINT: Appoints Administrators from Begbies Traynor
WEARPARTS LIMITED: Selling Business & Assets

WELLPLANNED ADVERTISING: Claims Filing Period Ends June 28
WORLDLINGO TRANSLATION: Members Resolve to Liquidate Assets
YOUR STATIONERS: Hires Joint Liquidators from Vantis Redhead

                            *********


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


ALCATEL S.A.: Publishing First Quarter 2006 Results on April 27
---------------------------------------------------------------
Alcatel S.A. will publish its first quarter 2006 results on
April 27, 2006.

The press release will be available at 7:45 a.m. CET on
Alcatel's websites at:

        http://www.alcatel.com/1q2006/

                -- or --

        http://www.alcatel.fr/1q2006/

A press conference for media and journalists will be held at
Alcatel Headquarters located in 54 rue La Boetie in Paris,
France, at 8:30 a.m. CET.  Participants will be asked for a
passport or identity card at reception.

Alcatel's analyst conference call will begin at 1:00 p.m. CET. A
live audio web cast accompanied by a slide presentation will be
available at:

         http://www.alcatel.com/1q2006/

                -- or --

         http://www.alcatel.fr/1q2006/.

Media representatives and analysts wanting to ask questions
during the Q&A session may dial in and request the "Alcatel
teleconference" at the following dial-in numbers:

    From the USA: (888) 428-4479
    From other countries: + 1 (651) 291-0900

The conference call will be available for replay from April 27,
2006, at 6:15 p.m. CET, to May 11, 2006, at 12:00 a.m. CET at
the following call in numbers:

    From the USA: (800) 475-6701, access code 825946
    From other countries: + 1 (320) 365-3844 access code: 825946

                       About Alcatel

Headquartered in Paris, France, Alcatel --
http://www.alcatel.com/-- provides communications solutions to  
telecommunication carriers, Internet service providers and
enterprises for delivery of voice, data and video applications
to their customers or employees.  Alcatel brings its leading
position in fixed and mobile broadband networks, applications
and services, to help its partners and customers build a user-
centric broadband world.  With sales of EUR13.1 billion and
58,000 employees in 2005, Alcatel operates in more than 130
countries.

                        *     *     *

As reported in the Troubled Company Reporter-Europe on March 28,
Standard & Poor's Ratings Services placed its 'BB' long-term
corporate credit rating on France-based telecommunications
equipment maker Alcatel on CreditWatch with negative
implications.

At the same time, Standard & Poor's placed its 'B' long-term
corporate credit rating on U.S.-based Lucent Technologies Inc.
on CreditWatch with positive implications.  Standard & Poor's
affirmed its 'B' short-term corporate credit rating on Alcatel
and its 'B-1' short-term corporate credit rating on Lucent.


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


AC -- KLIMAGERATE: Claims Registration Ends April 21
----------------------------------------------------
Creditors of AC -- Klimagerate Handels GmbH have until April 21,
to register their claims with court-appointed provisional
administrator Alfred Korbitz.

Creditors and other interested parties are encouraged to attend
the meeting at 9:50 a.m. on May 16, at which time the
administrator will present his first report on the insolvency
proceeding.

The meeting of creditors will be held at:

         The District Court of Muenchen
         Sitzungssaal 102
         Infanteriestr. 5
         Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Muenchen opened bankruptcy proceedings
against AC -- Klimagerate Handels GmbH on Feb. 22.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         AC -- Klimagerate Handels GmbH
         Landsberger Str. 469
         81241 Muenchen, Germany
         
The administrator can be contacted at:

         Alfred Korbitz
         Promenadeplatz 9
         80333 Muenchen, Germany
         Tel: 089/24216730
         Fax: 089/24216745


A - Z HANDWERKERMARKT: Claims Must be Registered by April 21
------------------------------------------------------------
Creditors of A - Z Handwerkermarkt GmbH Vermittlung von
Bauleistungen have until April 21, to register their claims with
court-appointed provisional administrator Manfred Gottschalk.

Creditors and other interested parties are encouraged to attend
the meeting at 8:45 a.m. on May 29, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Bochum
         Saal A29
         Viktoriastrasse 14
         44787 Bochum, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Bochum opened bankruptcy proceedings
against A - Z Handwerkermarkt GmbH Vermittlung von Bauleistungen
on March 14.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be contacted at:

         A - Z Handwerkermarkt GmbH Vermittlung
         von Bauleistungen
         Attn: Uwe Schmidt, Manager
         Teutoburgishof 16
         44628 Herne, Germany
         
The administrator can be contacted at:

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


BERNHARD ANDREE: Creditors Must Register Claims by April 21
-----------------------------------------------------------
Creditors of Bernhard Andree GmbH have until April 21, to
register their claims with court-appointed provisional
administrator Dr. Dirk Andres.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on May 29, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Bochum
         Saal A29
         Viktoriastrasse 14
         44787 Bochum, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Bochum opened bankruptcy proceedings
against Bernhard Andree GmbH on March 2.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Bernhard Andree GmbH
         Attn: Hildegard Andree, Manager
         Buschkampstr. 5c
         44625 Herne, Germany
         
The administrator can be contacted at:

         Dr. Dirk Andres
         Viktoriastrasse 10
         44787 Bochum, Germany
         Tel: 4145023


BUD-HAUS: Court Sets April 21 Claims Registration Deadline
----------------------------------------------------------
Creditors of BUD-HAUS Vertriebs GmbH have until April 21, to
register their claims with court-appointed provisional
administrator Rolf Nacke.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on May 31, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Potsdam
         Saal 301
         Nebenstelle Lindenstrasse 6
         14467 Potsdam, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Potsdam opened bankruptcy proceedings
against BUD-HAUS Vertriebs GmbH on March 6.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         BUD-HAUS Vertriebs GmbH
         Attn: Axel Kayser, Manager
         Lessingstrasse 24 a
         15831 Mahlow, Germany
         
The administrator can be contacted at:

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


FRIENDS TELEKOMMUNIKATION: Claims Registration Ends April 21
------------------------------------------------------------
Creditors of FRIENDS Telekommunikation GmbH have until April 21,
to register their claims with court-appointed provisional
administrator Dr. Frank Kebekus.

Creditors and other interested parties are encouraged to attend
the meeting at 8:45 a.m. on May 12, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Duesseldorf
         Sitzungssaal A 341
         3. Etage
         Muehlenstrasse 34
         40213 Duesseldorf, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Duesseldorf opened bankruptcy proceedings
against FRIENDS Telekommunikation GmbH on March 1.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         FRIENDS Telekommunikation GmbH
         Attn: Avraham Aharon, Manager
         Beethovenstr. 21
         40233 Duesseldorf, Germany
         
The administrator can be contacted at:

         Dr. Frank Kebekus
         Scheibenstrasse 45
         40479 Duesseldorf, Germany


GLM-NEUMANN: Creditors Have Until April 21 to Register Claims
-------------------------------------------------------------
Creditors of GLM-Neumann GmbH & Co. KG have until April 21, to
register their claims with court-appointed provisional
administrator Dr. Gideon Bohm.

Creditors and other interested parties are encouraged to attend
the meeting at 10:25 a.m. on May 23, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Saal B 405
         4. Etage
         Sievekingplatz 1
         20355 Hamburg, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Hamburg opened bankruptcy proceedings
against GLM-Neumann GmbH & Co. KG on March 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         GLM-Neumann GmbH & Co. KG
         Attn: Dieter Neschen and
         Marinus Marcus Renne, Managers
         Rahlau 52
         22045 Hamburg, Germany
         
The administrator can be contacted at:

         Dr. Gideon Bohm
         Bachstrasse 85a
         22083 Hamburg, Germany
         Tel: 040/3208360
         Fax: 040/32083636


H.A.D.I. TRANSPORTE: Claims Must be Registered by April 21
----------------------------------------------------------
Creditors of H.A.D.I. Transporte GmbH have until April 21, to
register their claims with court-appointed provisional
administrator Dr. Michael Jaffe.

Creditors and other interested parties are encouraged to attend
the meeting at 9:35 a.m. on May 17, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Muenchen
         Sitzungssaal 102
         Infanteriestr. 5
         Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Muenchen opened bankruptcy proceedings
against H.A.D.I. Transporte GmbH on Feb. 22.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         H.A.D.I. Transporte GmbH
         Benzstrasse 5
         82178 Puchheim, Germany
         
The administrator can be contacted at:

         Dr. Michael Jaffe
         Weinstr. 4
         80333 Muenchen, Germany
         Tel: 089/255487-00
         Fax: 089/255487-10


INA GERMANY: Creditors Must Register Claims by April 21
-------------------------------------------------------
Creditors of INA Germany AG have until April 21, to register
their claims with court-appointed provisional administrator
Herbert Duerkop.

Creditors and other interested parties are encouraged to attend
the meeting at 11:35 a.m. on May 12, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Raum Saal B 405
         4. Etage
         Sievekingplatz 1
         20355 Hamburg, Germany

The Court will also verify the claims set out in the
administrator's report at 9:00 a.m., on June9, at the same
venue.

The District Court of Hamburg opened bankruptcy proceedings
against INA Germany AG on March 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         INA Germany AG
         Attn: Stefan Pier, Manager
         Papenreye 63
         22453 Hamburg, Germany
         
The administrator can be contacted at:

         Herbert Duerkop
         Neuer Wall 86
         20354 Hamburg, Germany
         Tel: 040/361307-0
         Fax: 040/37644625


MERTENS & BONN: Court Sets April 21 Claims Registration Deadline
----------------------------------------------------------------
Creditors of Mertens & Bonn Verpackungsdienst GmbH have until
April 21, to register their claims with court-appointed
provisional administrator Dr. Biner Bahr.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on May 12, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Duesseldorf
         Sitzungssaal A 341
         3. Etage
         Muehlenstrasse 34
         40213 Duesseldorf, Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Duesseldorf opened bankruptcy proceedings
against Mertens & Bonn Verpackungsdienst GmbH on March 1.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Mertens & Bonn Verpackungsdienst GmbH
         Erkrather Str. 253
         40233 Duesseldorf
         Attn: Wilfried Bonn, Manager
         Riedbusch 42
         41564 Kaarst, Germany
         
The administrator can be contacted at:

         Dr. Biner Bahr
         Jagerhofstrasse 21
         40479 Duesseldorf, Germany


ZL SYSTEMBAU: Creditors' Claims Must be Registered by April 21
--------------------------------------------------------------
Creditors of ZL Systembau KG have until April 21, to register
their claims with court-appointed provisional administrator Dr.
Hubert Ampferl.

Creditors and other interested parties are encouraged to attend
the meeting at 2:00 p.m. on May 8, at which time the
administrator will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Amberg
         Baustadelgasse 1
         Sitzungssaal V
         Zimmer 115
         Germany

The Court will also verify the claims set out in the
administrator's report during this meeting, while creditors may
constitute a creditors committee or opt to appoint a new
insolvency manager.

The District Court of Amberg opened bankruptcy proceedings
against ZL Systembau KG on Feb. 9.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         ZL Systembau KG
         Breslauer Str. 15
         92249 Vilseck, Germany
         
The administrator can be contacted at:

         Dr. Hubert Ampferl
         Stahlstrasse 17
         90411 Nuernberg, Germany
         Tel: 0911/951285-0
         Fax: 0911/951285-10


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


CELTIC TRANSCRIPTIONS: Cuts 27 Jobs After Losing Major Contract
---------------------------------------------------------------
Celtic Transcriptions (Athscribhinn Cheilteach Teo) needs to let
go of 27 staff members as a direct result of losing an important
contract, the RTE Business reports.

A spokesperson for the Udaras na Gaeltachta Industrial Estate
was quoted by Business World as saying that the restructuring is
in the best interest of the company.   Udaras na Gaeltachta is
also confident that the company will be able to obtain positive
results in the future.

Headquartered in Udaras na Gaeltachta Industrial Estate in
Gweedore, County Donegal, Celtic Transcriptions was established
in 2003.  The company provides a 24-hour service transcribing
digital and analogue audio files into documents for medical,
legal and corporate/financial clients.  


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


ELEKTROSET: Creditors Must Submit Proofs of Claim by April 28
-------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda
Region declared LLP Elektroset insolvent.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Jambyl Str. 9
          Karaganda


JEZ ORTA: Creditors Have Until Apr. 28 to Submit Proofs of Claim
----------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda
Region declared LLP Jez Orta insolvent.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Jambyl Str. 9
          Karaganda


JEZ TEHSERVICE: Court Sets April 28 Claims Bar Date
---------------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda
Region declared LLP Jez Tehservice insolvent.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Jambyl Str. 9
          Karaganda


KALAMGER-2030: Creditors Must Submit Proofs of Claims by Apr. 28
----------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda
Region declared LLP Kalamger-2030 insolvent.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Jambyl Str. 9
          Karaganda


KALDAN BATYR: Proofs of Claim Must be Submitted by April 28
-----------------------------------------------------------
The Specialized Inter-Regional Economic Court of Kyzylorda
Region declared LLP Kaldan Batyr insolvent on January 26, 2006.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Kyzylorda, Abay Ave. 48
          Kyzylorda Region
          Tel: 8 (3242) 23-56-11


KORVET-III: Creditors Must Submit Proofs of Claim by April 28
-------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda
Region declared LLP Korvet-III insolvent.  

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Jambyl Str. 9
          Karaganda


KULANALAUG: Proofs of Claim Must be Submitted by April 28
---------------------------------------------------------
The Specialized Inter-Regional Economic Court of Jambyl Region
declared LLP Kulanalaug insolvent on January 24, 2006.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Suleimanova Str. 17(11a)
          Taraz
          Tel: 8 (32622) 43-25-52


ODUVANCHIK: Creditors Must Submit Proofs of Claim by April 28
-------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda
Region declared LLP Oduvanchik insolvent.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Jambyl Str. 9
          Karaganda


OTYRAR: Court Declares Company Insolvent
----------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan Region declared CJSC Otyrar insolvent.


TEMIRKAZYK: Creditors Have Until Apr. 28 to File Proofs of Claim
----------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Kyzylorda
Region declared LLP Temirkazyk insolvent on January 30, 2006.

Creditors have until April 28, 2006, to submit written proofs of
claim to:

          Kyzylorda, Abay Ave. 48
          Kyzylorda Region
          Tel: 8 (3242) 23-56-11


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


AK-BULA: Assets Auction Scheduled for April 24
----------------------------------------------
The bidding organizer and insolvency manager of JSC Ak-Bula set
for public auction the company's properties on at 10:00 a.m. on
April 24, 2006, at:

          Industry Zone
          Tokmok

The company is selling 30 lots with buildings, production base,
transfer devices, warehouses, stand-by reservoir, heating and
high-voltage network.

Interested parties have until April 21 to submit their bids to:

          Temporary Insolvency Manager
          Industry Zone
          Tokmok

Bidders should deposit an amount equivalent to 10% of the
starting price to JSC Ak-Bula's cashier.

For inquiries, the company can be reached at:
    
     (+996 3138) 5-16-99 at (0-502) 32-70-68.


ANAR: Auctioning Assets on April 21 in Djalal-Abad
--------------------------------------------------
The bidding organizer and insolvency manager of JSC Anar set for
public auction the company's properties on April 21, 2006, 10:00
a.m. at:

          Transportnaya Str.
          Kochkorata
          Djalal-Abad Region

For sale are four lots and technical equipments.  

Interested parties have until April 20 to submit their bids to:

          Temporary Insolvency Manager
          Transportnaya Str.
          Kochkorata
          Djalal-Abad Region

Bidders should deposit an amount equivalent to 10% of the
starting price to settlement account 1020002000222372, MFO
330501317 or to the cashier of the temporary insolvency manager.

For inquiries, the company can be reached at:

    (+996 3222) 5-28-70 or (0-502) 39-36-28.


KYRGYZAGROPROMBANK: Public Auction of Assets Set for April 21
-------------------------------------------------------------
The bidding organizer and insolvency manager of Joint-Stock
Commercial Kyrgyzagroprombank set for public auction the
company's properties on April 21, 2006, at 10:00 a.m. at:

          Chui Avenue 114.
          Bishkek

For sale are 125 lots, office equipment and furniture.  

Parties-in-interest have until April 20 to submit their bids.

The company can be contacted at (+996 312) 62-70-09 or 62-44-57.


VZRYVPROM: Auctioning Receivables on April 28
---------------------------------------------
The bidding organizer and insolvency manager of JSC VZRYVPROM
set for public auction the company's properties on April 28,
2006, 10:00 a.m. at

          L. Tolstogo Str. 20.
          Bishkek

For sale is a bill receivable from:

   -- JSC Kurmenty Sement,

   -- JSC Karaunkursuukurulush,

   -- JSC Ak-Beles,

   -- JSC Chyirchyk,

   -- Small Enterprise Dortranservice, and

   -- LLC Tehstroitorg

Interested parties have until April 27 to submit their bids to
the insolvency manager.

The company can be contacted at: (+996 312) 64-55-46 at (0-517)
75-27-59.


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


COLOR: Bankruptcy Hearing Set for June 4
----------------------------------------
The Arbitration Court of Nizhniy Novgorod Region will convene on
June 6, to hear the bankruptcy supervision procedure on open
joint stock company Color.  The case is docketed as
A43-41950/2005, 18-709.

Ms. N. Ananyeva has been appointed temporary insolvency manager.

The Debtor can be reached at:

        Color
        Dzerzhinsk, Nizhniy Novgorod Region, Russia

The insolvency manager can be reached at:

        N. Ananyeva
        Dzerzhinsk, Pobedy Avenue, 17B
        606025, Nizhniy Novgorod Region, Russia


GUBERNSKIY DAIRY: Bankruptcy Hearing Slated for July 13
-------------------------------------------------------
The Arbitration Court of Tomsk Region will convene at 10:30
a.m., on July 13, to hear the bankruptcy supervision procedure
on open joint stock company Gubernskiy Dairy (TIN 7009000142)
at:

        The Arbitration Court of Tomsk Region
        Kirova Pr. 10
        634050, Tomsk Region, Russia

The case is docketed as A67-2267/06.

Mr. S. Ananin has been appointed temporary insolvency manager.

The Debtor can be reached at:

        Gubernskiy Dairy
        Krivosheino, Traktornaya Str. 27
        636300, Tomsk Region, Russia

The insolvency manager can be reached at:

        S. Ananin
        Post User Box 4790
        634034, Tomsk Region, Russia


IVANTEEVSKAYA: Saratov Court Commences Bankruptcy Proceeding
------------------------------------------------------------
The Arbitration Court of Saratov Region commences the bankruptcy
proceeding of open joint stock company Ivanteevskaya at:

        The Arbitration Court of Saratov Region
        Babushkin Vvoz Str. 1
        Saratov Region, Russia

The case is docketed as A57-511B/05-23.

Mr. V. Kudryashov has been appointed insolvency manager.

The Debtor can be reached at:

        Ivanteevskaya
        Ivanteevskiy Region, Ivanteevka,
        Grazhdanskaya Str. 30
        Saratov Region, Russia

The insolvency manager can be reached at:

        V. Kudryashov
        1st Sadovaya Str. 104
        410005, Saratov Region, Russia


LIMESTONE: Bankruptcy Hearing Set for April 27
----------------------------------------------
The Arbitration Court of Irkutsk Region will convene at 10:30
a.m., on April 27, to hear the bankruptcy proceeding of open
joint stock company Limestone.  The case is docketed as
A19-14007/05-37.

Creditors are requested to submit their proofs of claim to
court-appointed insolvency manager Mr. N. Kazakov at:

        Uritskogo Str. 8-506
        664003, Irkutsk Region, Russia

The Debtor can be reached at:

        Limestone
        Cheremkhovskiy Region,
        Mikhaylovka, Proletarskaya Str. 71
        665448, Irkutsk Region, Russia


METIKON: Court Declares Company Bankrupt
----------------------------------------
The Arbitration Court of Komi Republic commenced a bankruptcy
proceeding against Metikon after finding the limited liability
company insolvent.  The case is docketed as A29-13393/05-3B.

Mr. E. Turubanov has been appointed insolvency manager.

The Debtor can be reached at:

        Metikon
        Ukhta, Komi Republic, Russia

The insolvency manager can be reached at:

        E. Turubanov
        Syktyvkar, Lenina Str. 60,
        Post User Box 945
        167000, Komi Republic, Russia


NIVA: Creditors Have Until May 4 to File Proofs of Claim
--------------------------------------------------------
Creditors of Niva have until May 4 to file their proofs of claim
to court-appointed insolvency manager Mr. Y. Maslov at:

        Post User Box 111
        308000, Belgrod Region, Russia

The Arbitration Court of Kursk Region commenced bankruptcy
proceedings against the open joint stock company with the case
docketed as A35-5227/05 "g".

The Debtor can be reached at:

        Niva
        Zheleznogorodskiy Region, V. Zhdanovo
        Kursk Region, Russia


ORENBURG-FURNITURE-2: Proofs of Claim Must be Submitted by May 4
----------------------------------------------------------------
Creditors of Orenburg-Furniture-2 have until May 4 to submit
their proofs of claim to court-appointed insolvency manager Mr.
A. Tsukanov at:

        Room 410, 60 Let Oktyabrya Str. 1/1
        460021, Orenburg Region, Russia

The Arbitration Court of Orenburg Region commenced bankruptcy
proceedings against the limited liability company with the case
docketed as A47-9422/2005-14GK.

The Debtor can be reached at:

        Orenburg-Furniture-2
        Mebelnaya Str. 32
        Orenburg Region, Russia


REINFORCED-CONCRETE CONSTRUCTIONS: Under Bankruptcy Supervision
---------------------------------------------------------------
The Arbitration Court of Kemerovo Region has commenced
bankruptcy supervision procedure on limited liability company
Reinforced-Concrete Constructions Factory.  

The case is docketed as A27-42034/2005 g.

Creditors are requested to submit their proofs of claims to
court-appointed insolvency manager Mr. I. Yankovskiy at:  

        Prokopyevsk, Post User Box 2368
        653052, Kemerovo Region, Russia

The Debtor can be reached at:

        Reinforced-Concrete Constructions Factory:
        Prokopyevsk, Kemerovo Region, Russia


SAZANOVSKOYE: Proofs of Claim Filing Period Ends May 4
------------------------------------------------------
Creditors of Sazanovskoye have until May 4 to file their proofs
of claim to court-appointed insolvency manager Mr. S. Shishkov
at:

        Druzhininskaya Str. 22
        305001, Kursk Region, Russia

The Arbitration Court of Kursk Region commenced bankruptcy
proceedings against the open joint stock company with the case
docketed as A35-6639/05 "g".

The Debtor can be reached at:

        Sazanovskoye
        Pristanskiy Region, Sazanovka
        Kursk Region, Russia


SEL-KHOZ-TEKHNIKA: Undergoes Bankruptcy Supervision Procedure
-------------------------------------------------------------
The Arbitration Court of Bashkortostan Republic has commenced
bankruptcy supervision procedure on Sel-Khoz-Tekhnika.  The case
is docketed as A07-32502/05-G-MOG.

Mr. V. Ivanov has been appointed temporary insolvency manager.

The Debtor can be reached at:

        Sel-Khoz-Tekhnika
        Bizhbulyakskiy Region, Bizhbulyak, Stroitelnaya Str. 1
        452040, Bashkortostan Republic, Russia

The insolvency manager can be reached at:

        V. Ivanov
        Gaya Str. 23A
        460000, Orenburg Region, Russia


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


AGROZERNOTEH: Cherkassy Court Commences Bankruptcy Proceeding
-------------------------------------------------------------
The Economic Court of Cherkassy Region commenced a bankruptcy
proceeding against LLC Agrozernoteh (code EDRPOU 30424630) after
finding the company insolvent.  The case is docketed as 01/5008.

Mr. Igor Zozulya has been appointed liquidator or insolvency
manager.

The debtor can be reached at:

          Agrozernoteh
          Gorodishenskij District, Vyazivok
          19534, Ukraine, Cherkassy Region

The liquidator/insolvency manager can be reached at:
          
          Mr. Igor Zozulya
          Liquidator/Insolvency Manager
          Shevchenko Boulevard 250/17
          18002, Ukraine, Cherkassy Region


AV ELECTRONICS: Kyiv Court Starts Bankruptcy Proceeding
-------------------------------------------------------
The Economic Court of Kyiv Region commenced bankruptcy
supervision procedure on LLC AV Electronics (code EDRPOU
31238551).   The case is docketed as 24/117 b.

Ms. Marina Stoyan has been appointed temporary insolvency
manager.

The debtor can be reached at:

          AV Electronics
          Mishina Str. 3
          03151, Ukraine, Kyiv Region

The insolvency manager can be reached at:

          Ms. Marina Stoyan
          Temporary Insolvency Manager
          01107, Ukraine, Kyiv Region, a/b 34


COMWAY TOP: Kyiv Court Begins Bankruptcy Proceeding
---------------------------------------------------
The Economic Court of Kyiv Region commenced bankruptcy
proceeding against LLC Comway Top (code EDRPOU 32103072) after
finding the company insolvent.  The case is docketed as 44/575-
b.

State Tax Inspection of Kyiv Region has been appointed
Liquidator.

The debtor can be reached at:

          Comway Top
          I. Lepse Boulevard 10
          03067, Ukraine, Kyiv Region

          
ENERGO-GAZ-RESURS: Kyiv Court Starts Bankruptcy Proceeding
----------------------------------------------------------
The Economic Court of Kyiv Region commenced bankruptcy
proceedings against LLC Energo-Gaz-Resurs (code EDRPOU 32303920)
on Feb. 21, 2005, after finding the company insolvent.  The case
is docketed as 15/689-b.

Mr. Letskan Vyacheslav has been appointed liquidator or
insolvency manager.

The debtor can be reached at:

          Energo-Gaz-Resurs
          Saksaganskij Str. 64-a
          Ukraine, Kyiv Region


FINANCIAL MEGAPOLIS: Kyiv Court Opens Bankruptcy Proceeding
-----------------------------------------------------------
The Economic Court of Kyiv Region commenced bankruptcy
proceeding against LLC Financial Megapolis (code EDRPOU
33201696) on Jan. 25, 2006, after finding the company insolvent.  
The case is docketed as 29/11 b-06.

Mr. U. Ignatchenko has been appointed liquidator or insolvency
manager.

The debtor can be reached at:

          Financial Megapolis
          Slavutich, Chernigiv Quarter 14
          Ukraine, Kyiv Region

The liquidator can be reached at:

          Mr. U. Ignatchenko
          Liquidator/Insolvency Manager
          Kozelshina, Kotovskij Str. 9
          Ukraine, Poltava Region


HIMSERVICE: Lugansk Court Begins Bankruptcy Proceeding
------------------------------------------------------
The Economic Court of Lugansk Region commenced bankruptcy
proceeding against Agricultural LLC Agrofirm Himservice (code
EDRPOU 31001748) on Feb. 7, 2006, after finding the company
insolvent.  The case is docketed as 19/126 b.

Mr. Oleksandr Mamrukov has been appointed liquidator or
insolvency manager.

The debtor can be reached at:

          Himservice
          Bilokurakine, Lenin Str. 85
          Ukraine, Lugansk Region

The liquidator can be reached at:

          Mr. Oleksandr Mamrukov
          Liquidator/Insolvency Manager
          Cheluskintsiv Str. 143-A/76
          Ukraine, Lugansk Region


BANK KHRESCHATYK: Fitch Affirms B Rating on LT Foreign Currency
---------------------------------------------------------------
Fitch Ratings affirmed Ukraine-based Bank Khreschatyk's ratings
at Long-term Foreign Currency Issuer Default B, Short-term B,
Individual D/E and Support 4, following the recent mayoral
elections of the City of Kiev.  The Outlook on the Long-term
Foreign Currency Issuer Default Rating remains Stable.  

At the same time, Fitch also assigned a Long-term Local Currency
IDR of B/Stable Outlook to Khreschatyk, a Recovery Rating of RR4
and a Long-term rating of B to the bank's outstanding UAH100
million bond, due May 2010.

Fitch also warns of potentially increased risks for the  bank as
a result of the probable change of the City mayor, and notes
that this could still lead to a negative rating action in the
future.

Khreschatyk's IDR, Short-term and Support ratings are based on
the limited potential for support from the City of Kiev, the
bank's majority owner, in case of need.  

The Individual rating reflects the bank's small size, modest
profitability, weak capitalization, concentrated balance sheet
and the risks associated with a rapid growth strategy, as well
as certain weaknesses in the operating environment.  However, it
also considers the bank's adequate asset quality and low market
risk profile.

Fitch notes that the probable new mayor of Kiev, Leonid
Chernovetsky, official confirmation of whose victory is expected
shortly, is widely believed to be the main owner of another mid-
sized Ukrainian bank, Pravex.  

Mr. Chernovetsky has also reportedly stated his intention to
transfer substantial current account balances of the City out of
Khreschatyk, and the possibility also exists that he would
ultimately favor the City's disposal of its stake in the bank.

At the same time, Fitch comments that Mr. Chernovetsky has yet
to make any official statement on possible City policy in
respect to Khreschatyk, and also notes that any decision on a
sale of the City's stake in the bank would need to be taken by
the City's independently elected Council.  

A decision on the withdrawal of City balances from its current
account, and likewise on the non-renewal of very large term
deposits placed by the City with the bank, could be taken by the
new mayor.  However, the bank has always allowed for this
possibility in its liquidity management, with substantial liquid
assets held to match the City's current account and short-term
loans with broadly similar maturities funded out of the term
deposits.

Fitch will closely monitor any impact, which the probable change
of mayor has on the relationship between the Kiev City
Administration and Khreshatyk.  A rating action would be most
likely to follow if the new mayor announced plans for the City
to sell its stake in the bank.  

However, other statements or actions which have a material
negative impact on Fitch's view of the likelihood of support
being forthcoming in case of need - for example were there to be
a significant weakening of the close business relationship seen
to date between the City and the bank - could also contribute to
a negative rating action.

Khreschatyk was founded in 1993 and was Ukraine's 14th-largest
bank by assets at end-2005.  It has a network of ten full
branches and 49 outlets, mainly in Kiev or the Kiev region.


PALLADA: Sevastopol Court Starts Bankruptcy Proceeding
------------------------------------------------------
The Economic Court of Sevastopol commenced bankruptcy
supervision procedure on CJSC Pallada (code EDRPOU 22237889) on
Jan. 17, 2006.  The case is docketed as 20-9/017.  

Ms. Larisa Istyagina has been appointed temporary insolvency
manager.

The debtor can be reached at:

          Pallada
          99029, Ukraine, AR Krym Region
          Sevastopol, Tokarev Str. 2

The insolvency manager can be reached at:

          Ms. Larisa Istyagina
          Temporary Insolvency Manager
          Sevastopol, General Ostryakov avenue, 159/61
          99055, Ukraine, AR Krym Region


SKADOVSKE: Herson Court Starts Bankruptcy Proceeding
----------------------------------------------------
The Economic Court of Herson Region commenced bankruptcy
supervision procedure on Agricultural CJSC Skadovske (code
EDRPOU 00856586).  The case is docketed as 5/78-B-05.  

The debtor can be reached at:

          Skadovske
          Radgospne, Tereshkova Str. 4
          Skadovsk District
          75743, Ukraine, Herson Region

          
VELIKO-ZHOVTNEVIJ: Sumi Court Starts Bankruptcy Proceeding
----------------------------------------------------------
The Economic Court of Sumi Region commenced bankruptcy
supervision procedure on OJSC Veliko-Zhovtnevij Buryakoradgosp
(code EDRPOU 00372820) on Jan. 23, 2006.  The case is docketed
as 12/6-06.  

Mr. Dmitro Pehteryev has been appointed temporary insolvency
manager.

The debtor can be reached at:

          VELIKO-ZHOVTNEVIJ BURYAKORADGOSP
          Zhovtneve, Zavodska Str. 26
          Bilopillya District
          41854, Ukraine, Sumi Region

The insolvency manager can be reached at:

          Mr. Dmitro Pehteryev
          Temporary Insolvency Manager
          40032, Ukraine, Sumi Region a/b 1407


ZORYA: Poltava Court Commences Bankruptcy Proceeding
----------------------------------------------------
The Economic Court of Poltava Region commenced bankruptcy
supervision procedure on LLC Zorya (code EDRPOU 02971386) on
Jan. 10, 2005.  The case is docketed as 7/10.  

Mr. O. Dubovskij has been appointed temporary insolvency
manager.

The debtor can be reached at:

          ZORYA
          Kobelyaki, Korolenko Str. 2
          39200, Ukraine, Poltava Region

The insolvency manager can be reached at:

          Mr. O. Dubovskij
          Temporary Insolvency Manager
          Oktyabrska Str. 40/5
          36003, Ukraine, Poltava Region


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


A.T.J. (BIRMINGHAM): Appoints Poppleton & Appleby Administrator
---------------------------------------------------------------
M. D. Hardy and A. Turpin at Poppleton and Appleby were
appointed joint administrators of A.T.J. (Birmingham) Limited
(Company Number 00891595) on March 30.  Its registered office is
at Thornhill Works, Formans Road, Sparkhill, Birmingham B11 3AU.

The P&A Partnership (aka Poppleton and Appleby) --
http://www.thepandapartnership.com/-- is a member firm of the  
Insolvency Practitioners Association and the Association of
Business Recovery Professionals (R3) and act for all clearing
banks and a growing number of factors and asset lenders. Its
clients include multinational PLCs, SMEs, financial
institutions, accountants, solicitors and business advisors.  As
the partnership works only in the field of business rescue and
insolvency, it can not only promise dedicated expertise, but can
also assure its professional clients that it pose no competition
to its own business base.

ATJ (Birmingham) Ltd can be reached at:

        Thornhill Works, Formans Road
        Sparkhill
        Birmingham B11 3AU
        West Midlands
        Tel: 0121 777 3377
        Fax: 0121 7022340


BM ETCHCO: Names Duncan Roderick Morris as Estate Administrator
---------------------------------------------------------------
Duncan Roderick Morris at The Till Morris Partnership was
appointed administrator of BM Etchco Limited (Company Number
03365854) on April 4.

The administrator can be reached at:

        The Till Morris Partnership
        2 Church Street,
        Warwick CV34 4AB
        Tel: 01926 497 722
        Fax: 01926 497 733
        E-mail: duncan.morris@tillmorris.co.uk  

BM Etchco Limited -- http://www.bme.co.uk/-- manufactures  
plastic products.


BOBBY JONES: Schofield & Duncan Named Joint Administrators
----------------------------------------------------------
Ian C. Schofield and William Duncan at PKF LLP were appointed
joint administrators of Bobby Jones Golf Europe Limited (Company
Number 05525934) on March 24.

PKF (UK) LLP -- http://www.pkf.co.uk-- is one of the UK's  
leading firms of accountants and business advisers, which
specializes in advising the management of developing private and
public businesses.  Its principal services include assurance &
advisory; corporate finance; corporate recovery & insolvency;
forensic; management consultancy and taxation.  It also offers
financial services through its FSA authorized company, PKF
Financial Planning Limited.

Bobby Jones Golf Europe Ltd, a distributor of golf equipment,
can be reached at:

        1 Doctor Lane,
        Flockton, Wakefield,
        Westyorkshire
        Tel: +44 (0) 1484-868200


BOYS STUFF: Hires Joint Administrators from Moore Stephens
----------------------------------------------------------
Mark Elijah Thomas Bowen and Nigel Price at Moore Stephens LLP
were appointed joint administrators of Boys Stuff Limited
(Company Number 03782317) on April 4.

Moore Stephens -- http://www.moorestephens.co.uk-- offers  
audit, business support, corporate finance, corporate recovery,
dispute analysis, financial services, insurance broking, IT
consultancy, pensions audit, risk advisory services, tax and
trusts & estates services.  Its UK network comprises over 1,400
partners and staff.

Boys Stuff Limited -- http://www.boysstuff.co.uk/-- is engaged  
in mail order and online retailing of gifts and gadgets.


BREAM FOODS: Appoints Alan Simon to Wind Up Operations
------------------------------------------------------
Bream Foods Limited is winding up its operations after members
decided to liquidate the company's assets on March 1.

Subsequently, Alan Simon, of Langley & Partners, was appointed
liquidator.

The company can be reached at:
         
         Bream Foods Limited
         Unit 29
         Lammas Road
         Fairways Business Park
         London, England
         E10 7QB
         Tel: 020 8532 8333
         Fax: 020 8532 8332


BRITISH AIRWAYS: Increases Fuel Surcharge Starting April 21
-----------------------------------------------------------
British Airways will increase the fuel surcharge on its longhaul
flights starting April 21 as a result of further rises in the
price of fuel.

The longhaul fuel surcharge on tickets sold and issued in the UK
will increase from GBP30 per sector to GBP35 per sector.   The
shorthaul fuel surcharge will remain unchanged at GBP8 per
sector.

British Airways' Commercial Director, Martin George disclosed,
"Our fuel costs remain a real burden.  The price of oil has
risen above US$70 a barrel and experts anticipate it staying at
these levels for some time."

"Our annual fuel bill for 2005/2006 is expected to be some
GBP1.6 billion.  We estimated previously that this would rise by
GBP400 million in 2006/2007 but at these prices, we would now
expect this year's fuel bill to be GBP600 million higher at
GBP2.2 billion."

"This latest fuel surcharge rise is very regrettable but we have
little choice to pass some of our extra costs on to our
customers.   Fuel is our second largest cost after employee
costs."

"We believe that it is better to be transparent with our
customers by showing the level of fuel surcharge they are paying
rather than hide the costs by raising fares behind the scenes
like some other airlines choose to do.  This approach would
enable us to reduce the surcharge should fuel prices fall over
time," he concluded.

The additional fuel surcharge only applies to tickets issued
from April 21.  It does not apply to tickets already paid for
and issued.

British Airways will look to increase its fuel surcharges to
similar levels on longhaul flights sold in overseas markets.

                      About the Company

Headquartered in West Drayton, England, British Airways Plc
-- http://www.ba.com/-- is the UK's largest international  
scheduled airline, flying to over 550 destinations.  The British
Airways group consists of British Airways Plc and a number of
subsidiary companies including in particular British Airways
Holidays Limited and British Airways Travel Shops Limited.

                        *    *    *

British Airways' 7-1/4% senior unsubordinated notes due 2016 and
10-7/8% notes due 2008 carry Moody's Investors Service's Ba2
ratings and Standard & Poor's BB- ratings.


CHISWICK ELECTRIC: Members Pass Winding Up Resolution
-----------------------------------------------------
Members of Chiswick Electric Shaver Centre Limited passed a
resolution to wind up the company on Feb. 21.

They authorized Peter Maurice Levy, at Levy & Partners, to
liquidate the company's assets.

Chairman R. Coles disclosed that the company could no longer
continue its operations due to mounting debts.

The company can be reached at:

         Chiswick Electric Shaver Centre Limited
         315 Chiswick High Road
         London
         W4 4HH
         Tel: 020 8994 2004
         Fax: 020 8742 2056


DUNTON CONSTRUCTION: Fin'l Woes Result to Voluntary Liquidation
---------------------------------------------------------------
Keith R. Morgan, of PKF (UK) LLP, was appointed Liquidator of
Dunton Construction (Wales) Limited after members decided to
liquidate the company's assets on Feb. 21 due to financial
difficulties.

The voluntary liquidation came as a result of the Debtor's
inability to continue its business due to its liabilities.

The company can be reached at:

         Dunton Construction (Wales) Limited
         Brynestyn
         Begelly Kilgetty Dyfed
         SA68 0XA
         Tel: 01834 813 560


FARRINGDON MORTGAGES: Fitch Rates Class B2a at BB
-------------------------------------------------
Fitch Ratings placed all tranches of Farringdon Mortgages No. 1
PLC on Rating Watch Negative following poor collateral
performance that has culminated in a reserve fund draw.  The
rating actions are as follows:

-- Class A1a and A1a DAC: AAA on RWN;
-- Class A2a and A2a DAC: AAA on RWN;
-- Class M2a: A on RWN;
-- Class B1a: BBB on RWN; and
-- Class B2a: BB on RWN.

Fitch will resolve the RWN after conducting a detailed full
loan-by-loan analysis on this portfolio.  Further comment will
be made within one month.

A drawing on the reserve fund for FM1 took place on today's
interest payment date.  The amount drawn is GBP216,187, out of a
total reserve at the previous IPD of GBP1,371,535, thus
representing 18.71% of available first loss.

Following the draw, the reserve fund currently stands at 0.92%
of the initial note balance, which is below the initial level of
0.98% at closing.  Excess spread in the transaction is reduced
substantially due to the presence of the detachable coupons,
which are linked to the Class A notes and pay a rate of 2.59% of
the principal amount outstanding.  

The existence and extent of the DACs were incorporated in the
initial cash flow modeling; however, high arrears have
exacerbated the low excess spread position.  Owing to the
current performance, the reserve fund shows little sign of
attaining its target level of GBP5.25m.

In addition, a number of one-off irregular payments, including
block insurance and legal expenses, had to be made this quarter
as a result of extraordinary expenses and accounting errors.  In
addition, a servicing fee paid late in respect of the previous
period meant that two servicing fee payments had to be made this
quarter.  These factors contributed to the extent of the reserve
fund draw and may have been recouped from excess spread had they
been billed regularly.

Prepayment speed has also been very low to date due to
redemption penalties borrowers experience when prepaying their
loans.  Average prepayment speed was low at 10.81% in the last
year, which resulted in little growth in the credit enhancement
levels.

Fitch recognized that the profile of the underlying collateral
has a substantially higher proportion of adverse credit
borrowers than other UK non-conforming transactions seen in the
market today and accordingly it calculated a weighted average
frequency of foreclosure for each rating category at the upper
end of the WAFF range for UK non-conforming transactions.

This was reflected in high CE levels compared to many other non-
conforming transactions.  High exposures to certain loans that
Fitch considers to be key drivers of default were stressed in
the initial rating process and are reflected in the initial CE
levels.

FM1 currently contains 479 loans out of 845 loans that are
classified as "heavy adverse".  At April 2006, 49% of borrowers
have been the subject of at least one county court judgment
while 1.78% of borrowers have experienced a bankruptcy order.
These characteristics are also adjusted to reflect borrowers'
past credit issues.  Some 74.45% of loans are to borrowers who
self certified the income on their application.

Fitch increases the default probability on these loans due to
the additional affordability risks associated with self-
certification.  There are also a high number of loans in the
portfolio that are secured on properties in London, outer metro
and southeast regions.  

At April 2006, 60.33% of loans by value is secured on properties
in this region.  Fitch assumes its highest region-specific
market value declines for these areas.

This relatively unseasoned transaction, with a weighted average
seasoning of 16 months has 18.76% of loans that are more than 90
days in arrears compared with an average of 8.76% for similarly
seasoned UK non-conforming RMBS transactions as per Fitch's UK
non-conforming index.  

Crystallized losses totaling GBP91,453 were realized during the
current period following repossession and sale of seven
properties. This has also had a negative impact on the available
revenue funds.


FKI PLC: Acquires Harrington Generators for GBP6 Million
--------------------------------------------------------
FKI plc completed the acquisition of Harrington Generators
International Ltd from Mr. & Mrs. Peter Harrington for GBP6
million in cash.

The business will be operated as part of FKI's generator
activities.

Managing Director of Brush Electrical Machines, Dr. Tony Saia
disclosed, "This is an excellent opportunity.  Harrington has a
first class reputation for designing and supplying innovative
solutions for power supplies where access to mains power is
unavailable or reliable standby power is required.  By bringing
it together with FKI's broader generator activities, we aim to
develop the business further, particularly internationally."

                About Harrington Generators

Based in Wirksworth, Derbyshire, Harrington Generators
International Ltd -- http://www.harrington-international.co.uk/
-- is a leading designer and supplier of specialist generators
and its products are used in the military, rail, industrial and
telecoms sectors.  For 11-months to Feb. 2006, sales were
GBP12.2 million and PBITA GBP1.2 million.

                     About FKI PLC

Headquartered in Loughborough, England, FKI PLC --
http://www.fki.co.uk/-- is an international engineering group  
active in the four specialized business areas: FKI Logistex,
Lifting Products & Services, Hardware and Energy Technology.  
The group recorded revenues from continuing operations of
GBP1.221 billion on a last twelve months basis at
Sept. 30, 2005.

                        *    *    *

Moody's Investors Service has changed the outlook on the FKI
plc's Ba1 ratings to negative from stable.

The rating action was prompted by FKI's continued weak retained
cash flow relative to the absolute level of adjusted net
indebtedness.  Moody's last downward rating action dated
March 11, 2005, incorporating a stable outlook, anticipated that
FKI's performance against this metric would result in an
improvement over 10%.


HAIRFLAIR MAGAZINES: Creditors' Meeting Set for April 20
--------------------------------------------------------
Creditors of Hairflair Magazines Limited (Company Number
03730496) will meet at 11 a.m., on April 20, at:

        Russell Square House,
        10-12 Russell Square,
        London WC1B 5LF

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to:

        Richard Howard Toone
        Joint Administrator
        Chantrey Vellacott DFK LLP,
        Russell Square House,
        10-12 Russell Square,
        London WC1B 5LF

Headquartered in Hove, East Sussex, Chantrey Vellacott DFK --
http://www.cvdfk.com/-- is one of the oldest firms of chartered  
accountants in the United Kingdom.  It provides accounting,
taxation and related advisory services.  


HEM GEM: S. L Conn Named Estate Administrator
---------------------------------------------
S. L. Conn at Begbies Traynor was appointed on April 3 as
administrator of Hem Gem Limited (Company Number 04054441).  The
company's registered address is at 2A Prospect Crescent,
Harrogate, West Yorkshire HG1 1RH.

Headquartered in Manchester, Begbies Traynor --
http://www.begbies.com/-- assists companies, creditors,  
financial institutions and individuals on all aspects of
financial restructuring and corporate recovery.  

Hem Gem Limited manufactures jewelry and can be reached at:

        2A Prospect Crescent,
        Harrogate,
        West Yorkshire HG1 1RH


LANSDOWNE MORTGAGE: Fitch Puts BB Rating on EUR2.8 Mil. B2 Notes
----------------------------------------------------------------
Fitch Ratings placed final ratings to Lansdowne Mortgage
Securities No. 1 PLC's EUR370 million-equivalent mortgage-backed
floating-rate notes as follows:

-- EUR-equivalent 75 million Class A1 notes due 2016: AAA;
-- EUR-equivalent 258 million Class A2 notes due 2045: AAA;
-- Class X interest-only mortgage-backed fixed-rate due 2045:    
    AAA;
-- EUR-equivalent 13.85 million Class M1 notes due 2045: AA;
-- EUR-equivalent 9.25 million Class M2 notes due 2045: A;
-- EUR-equivalent 11.1 million Class B1 notes due 2045: BBB;
    and
-- EUR-equivalent 2.8 million Class B2 notes due 2045: BB.

The collateral underlying the notes in this transaction consists
solely of Start Mortgages Limited originations.  SML has a
minority share holding by the senior management team, most of
whom are ex-General Electric senior executives, and the majority
shares are held by The Kensington Group.

This is the first securitization of non-conforming residential
mortgages on properties located in Ireland and the first
issuance by Start Mortgages Limited.

The final ratings are based on the quality of the collateral,
available credit enhancement, the underwriting criteria of SML,
the primary servicing capabilities of Homeloan Management Ltd
and the special servicing capabilities of SML and the sound
legal structure of the transaction.

Credit enhancement for the Class A notes totals 10.65% and is
provided by the subordination of the Class M1, Class M2, Class
B1, Class B2 and an initial reserve fund representing 0.65% of
the initial issue size.  The reserve fund is to increase to a
target amount of EUR3.7 million, funded from available excess
spread.

To determine appropriate credit enhancement levels, Fitch
analyzed the collateral using its Irish Residential Mortgage
Default Model 2006.  The agency also modeled cash flows using
the results of the default model with structural stresses
including various prepayment and interest rate scenarios.

The cash flow tests showed that each Class of notes could
withstand loan losses at a level corresponding to the related
stress scenario without incurring any principal loss or interest
shortfall and can retire principal by legal final maturity.


LMS INTERNATIONAL: Appoints Administrators from Kroll Limited
-------------------------------------------------------------
C. P. Holder and S. C. E. Mackellar of Kroll Limited were
appointed administrators of LMS International Limited (Company
Number 02002088) on March 31.

Kroll Limited -- http://www.krollworldwide.com/-- offers risk  
consulting services worldwide.  The firm is an operating unit of
Marsh & McLennan Companies, Inc., the global professional
services firm.  Kroll's services include corporate advisory and
restructuring, financial accounting, valuation and litigation,
electronic evidence and data recovery, business intelligence and
investigations, background screening, and security services.

Headquartered in Bradford, LMS International Limited --
http://www.lmsinternational.co.uk/-- was founded in 1987 as the  
first UK based volume manufacturer supplying foil wrapped
chipboard drawers to the UK flat-pack, cabinet, bedding and
office furniture markets.  


MISYS PLC: Repurchases 700,000 Shares from JPMorgan Cazenove
------------------------------------------------------------
Misys plc purchased 700,000 of its own ordinary shares on April
18 at a price of 212.5087 pence per share from JPMorgan Cazenove
Limited.  The Company intends to hold these shares in Treasury.

Following the purchase of these shares the Company holds a total
of 53,276,390 of its shares in Treasury and has 504,450,646
shares in issue (excluding Treasury shares).

Headquartered in the United Kingdom, Misys PLC --
http://www.misys.com/-- provides industry-specific software  
serving the international banking and healthcare industries and
the UK general insurance industry.

At Nov. 30, 2005, the company reported GBP155.6 million in total
stockholders' deficit.


MOBILITY MEDIC: Appoints Alex Kachani to Wind Up Operation
----------------------------------------------------------
Members of The Mobility Medic Limited passed a resolution to
wind up the company during an extraordinary general meeting on
Feb. 28.

Alex Kachani, of Crawfords, was appointed Liquidator.

The company can be reached at:

         Mobility Medic Limited
         8 Bridge Mill Way
         Tovil Maidstone Kent
         ME15 6FD
         Tel: 01622 752 793


MODUS COLLECTIONS: Creditors Affirm Voluntary Liquidation
---------------------------------------------------------
Creditors of Modus Collections Limited affirmed the company's
voluntary liquidation after members passed a resolution to wind
up the company on Feb. 24.

Creditors also ratified the appointment of David Antony Willis
and Matthew Colin Bowker, of Jacksons Joliffe Cork, as Joint
Liquidators.

The debtor can be reached at:

         Modus Collections Limited
         24 Brook Street
         Ilkley West Yorkshire
         LS29 8DE
         Tel: 01943 608 555


NEWLANDS (SEAFORD): Names Kroll Limited as Administrator
-------------------------------------------------------
Andrew J. Pepper and Alastair P. Beveridge at Kroll Limited were
appointed joint administrators of Newlands (Seaford) Educational
Trust (Company Number 02121190) on April 5.  Its registered
office is at Eastbourne Road, Seaford, East Sussex BN25 4NP.

Kroll Limited -- http://www.krollworldwide.com/-- offers risk-
consulting services worldwide.  The firm is an operating unit of
Marsh & McLennan Companies, Inc., the global professional
services firm.  Kroll's services include corporate advisory and
restructuring, financial accounting, valuation and litigation,
electronic evidence and data recovery, business intelligence and
investigations, background screening, and security services.

Newlands (Seaford) Educational Trust offers general secondary
education.

The company can be reached at:

        Eastbourne Road,
        Seaford, East Sussex BN25 4NP
        Tel: 01323-490000   


OAKFIELDS JOINERY: Appoints Steven Law as Administrator
-------------------------------------------------------
Steven Law at Ensors was appointed administrator of Oakfields
Joinery Limited (Company Number 05316202) on March 31.

Ensors -- http://www.ensors.co.uk-- is the leading independent  
firm of chartered accountants in East Anglia, United Kingdom.  
It has branches in Bury St. Edmunds, Haverhill, Ipswich and
Saxmundham.

The company can be reached at:

        Oakfields Joinery Ltd
        Foxtail Rd,
        Ipswich IP3 9BE
        Tel: 01473 717200


OXFORD DEVELOPMENT: Joint Liquidators Take Over Operations
----------------------------------------------------------
The Oxford Development Centre Ltd is liquidating its assets
after members found out that the company could no longer
continue its business due to mounting debts.

John W. Lewis and Terry C. Evans, of JW Lewis Insolvency
Services Ltd, will jointly liquidate the company's assets.

The company can be reached at:

         The Oxford Development Centre Ltd
         Oxford Clinic
         8A Market Square
         Witney Oxfordshire
         OX28 6BB
         Tel: 01993 779 934
         Fax: 01993 779 499


PA PA: Taps Middleton Partners to Administer Assets
---------------------------------------------------
Michael Francis Stevenson and Julie Anne Palmer at Middleton
Partners were appointed administrators of Pa Pa Paa Limited
(Company Number 0362270) on March 31.  Its registered office is
at Templars House, Lulworth Close, Chandlers Ford, Hampshire
SO53 3TL.

Middleton Partners -- http://www.middletonpartners.co.uk/-- are  
licensed insolvency practitioners and business consultants, the
partners and staff of which have many years experience in
dealing with business rescue and insolvency.

Pa Pa Paa Ltd manufactures confectionery items and can be
reached at:

        48 Hiltingbury Road SO53 5SS
        Tel: 023 80276970


PAT RYAN: Appoints Joint Administrators from Harrisons
------------------------------------------------------
P. R. Boyle and J. C. Sallabank at Harrisons were appointed
joint administrators of Pat Ryan & Sons London Limited (Company
Number 04752359) on March 31.

Harrisons -- http://www.harrisons.uk.com/-- provide advice and  
solutions to professional advisors who found their clients
experiencing financial difficulties.  Originally trading from
offices in Reading and has added London, Manchester, Bristol and
Derby and has associate offices in Grantham and Stockton on
Tees.  The firm has appointed an in-house solicitor specializing
in insolvency and security work to enable us to further broaden
the experience base of the firm.

Pat Ryan & Sons London Limited offers plumbing services.


READY FENCE: Taps Eileen T.F. Sale to Liquidate Assets
------------------------------------------------------
Eileen T.F. Sale, at Sale Smith & Co. Limited, was appointed
Liquidator after members of Ready Fence Limited resolved to
liquidate the company's assets on March 6.

Chairman S.D. Tapper claimed the company could no longer
continue its operations due to financial liabilities.

The company can be reached at:

         Ready Fence Limited
         Unit 9
         Hawkins Drive
         South Staffs Business Park
         Cannock Staffordshire
         WS1 10XU
         Tel: 01922 411 007
         Fax: 01922 411 007


REFLEX COMPUTERS: Appoints Begbies Traynor as Administrator
-----------------------------------------------------------
S. L. Conn and D. Appleby at Begbies Traynor were appointed
joint administrators of Reflex Computers (Northern) Limited
(Company Number 01785154) on April 4.

Headquartered in Manchester, Begbies Traynor --
http://www.begbies.com/-- assists companies, creditors,  
financial institutions and individuals on all aspects of
financial restructuring and corporate recovery.  

Reflex Computers (northern) Ltd manufactures computers.

The company can be reached at:

        Reflex House
        1 Bellfield Ave, Cheadle Hulme
        Cheadle (Cheshire) SK8 7AG
        Tel: 0161 485 3000
        Fax: 0161 4853444


ST HELENS: Appoints Administrator from Parkin S Booth & Co
----------------------------------------------------------
Paul J. Fleming of Parkin S Booth & Co was appointed
administrator of St Helens Auto Electrical Services Limited
(Company Number 727359) on April 4.  The company's registered
office is at Peasley Cross Lane, St Helens, Merseyside.

Parkin S. Booth & Co http://www.parkinsbooth.co.uk/--  
independent Accountants Licensed Insolvency Practitioners is a
medium sized firm with particular expertise in its own field.  
Dealing entirely with insolvency matters, we do not, for
example, undertake any audit or taxation work.

The company can be reached at:

        St Helens Auto Electrical Services Ltd
        Peasley Cross Lane
        St Helens WA9 3AW
        Merseyside
        Tel: 01744 735101


STAG FURNITURE: Creditors' Meeting Set for April 21
---------------------------------------------------
Creditors of Stag Furniture (UK) Limited (Company Number
05398747) will meet at 2 p.m., on April 21, at:

        North Hylton Road Industrial Estate,
        Southwick, Sunderland SR5 3JF

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to:

        Ian David Green
        Edward Klempka
        Joint Administrators
        PricewaterhouseCoopers LLP,
        Benson House,
        33 Wellington Street,
        Leeds LS1 4JP


TEAM GROUP: Appoints Smith & Williamson as Administrator
--------------------------------------------------------
Roger Tulloch, Anthony Murphy and Robert Horton at Smith &
Williamson Limited were appointed joint administrators of The
Team Group Of Companies UK Limited (Company Number 04396439) on
March 30.  

Smith & Williamson -- http://www.smith.williamson.co.uk/-- is  
an independent professional and financial services group
employing over 1,200 people.  It is the leading provider of
investment management, financial advisory and accountancy
services to private clients, professional practices, mid to
large corporates and non-profit organizations.

The company can be reached at:

       The Team Group of Companies UK Ltd
        2 Hyde House,
        Victoria Avenue,
        Harrogate HG1 1DX
        Tel: 0845 126 1621


T H SUTCLIFFE: Names Joint Administrators from Baker Tilly
----------------------------------------------------------
Andrew Martin Sheridan and Philip Edward Pierce of Baker Tilly
were appointed joint administrators of T H Sutcliffe Limited
(Company Number 04597347) on April 3.

Headquartered in Birmingham, Baker Tilly --
http://www.bakertilly.co.uk/-- is a leading independent firm of  
chartered accountants and business advisers in the United
Kingdom. The firm's annual fee income is over GBP168 million and
is part of a global network, which has 122 member firms in 85
countries as an independent member of Baker Tilly International.


VERVE PRINT: Appoints Administrators from Begbies Traynor
---------------------------------------------------------
Paul Stanley and Stephen L. Conn at Begbies Traynor were
appointed administrators of Verve Print Management Limited
(Company Number 02669340) on April 4.

Headquartered in Manchester, Begbies Traynor --
http://www.begbies.com/-- assists companies, creditors,  
financial institutions and individuals on all aspects of
financial restructuring and corporate recovery.  

The company can be reached at:

        Verve Print Management Ltd
        3 Weirside Court,
        Dockfield Road,
        Shipley, West Yorkshire BD17 7AD
        England


WEARPARTS LIMITED: Selling Business & Assets
--------------------------------------------
Joint Administrators Kim Rayment and Martha Thompson offer for
sale the business and assets of Wearparts Limited.

The company:

   -- is a long-established family business;

   -- has a turnover GBP5.6 million per annum;

   -- is a specialist foundry producing nickel chrome and high
      chrome alloys for the power, cement and steel industries;

   -- is a machining facility producing cutting edges for
      construction equipment;

   -- has a 40,000 sq. ft. leasehold premises in Lutterworth;
      and

   -- has 65 highly skilled employees.

Inquiries can be addressed to:

          Lisa Cutler
          Tel: 0121 352 6233
          E-mail: lisa.cutler@bdo.co.uk


WELLPLANNED ADVERTISING: Claims Filing Period Ends June 28
----------------------------------------------------------
Creditors of Wellplanned Advertising Limited have until June 28
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 appointed Joint Liquidators Ian Michael
Rose and Robert Michael Young, of Begbies Traynor.

The company can be reached at:

         Wellplanned Advertising Limited
         111 Hagley Road
         Birmingham West Midlands
         B16 8LB
         Tel: 0121 452 5095
         Fax: 0121 452 5096


WORLDLINGO TRANSLATION: Members Resolve to Liquidate Assets
-----------------------------------------------------------
Members of Worldlingo Translation Services (UK) Limited resolved
to voluntarily liquidate the company's assets during an
extraordinary general meeting on Feb. 23.

Nigel Morrison, of Grant Thornton UK LLP, was appointed
Liquidator.

The company can be reached at:

         Worldlingo Translation Services (UK) Limited
         14-15 John Street
         Bath Avon
         BA1 2JL
         Tel: 01225 330 306
         Fax: 01225 483 200
         Web: http://www.worldlingo.com/


YOUR STATIONERS: Hires Joint Liquidators from Vantis Redhead
------------------------------------------------------------
G. Mummery and P. Atkinson, of Vantis Redhead French, were
appointed Joint Liquidators of Your Stationers Limited after
members decided to liquidate the company's assets on Feb. 28.

Director A. Walker revealed that the company could no longer
continue its business due to mounting debts.

The company can be reached at:

         Your Stationers Limited
         Unit 11 Cornwallis House
         Howard Chase
         Basildon Essex
         SS14 3BB
         Tel: 01268 289 898


                           *********


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
Carmel Paderog, 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
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Information contained herein is obtained from sources believed
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