/raid1/www/Hosts/bankrupt/TCREUR_Public/000628.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R     

                        E U R O P E

            Wednesday, June 28, 2000, Vol. 1, No. 37


                        Headlines


H U N G A R Y

MOL:  Government Offers to Buy Losing Gas Business


R U S S I A

MEZHCOMBANK:  Moscow Court Rejects Appeal
NORILSK NICKEL: Shareholders Lose Over $140 Million


U K R A I N E

ENERGOATOM:  Nuclear Company Plans to Restructure
LYSYCHANSK: Russian Company Early Winner of 67% Share in Refinery


U N I T E D   K I N G D O M

CORUS: Loss of 113 Million Pounds To Mean More Job Cuts
CORUS: Job Cuts To Total 2,200
FREESERVE: ?700 Million Wiped Out of Stock Market Value
JJ SPORTS: Sports Retailer Recovers Poise
1998 SOFTWARE LTD: Liquidation Proceedings

1ST CLASS ROOFING LTD: Liquidation Proceedings
1ST NATIONAL MAINTENANCE LTD: Liquidation Proceedings
3SL LTD: Liquidation Proceedings
69 DIVING LTD: Liquidation Proceedings
A B CDs LTD: Liquidation Proceedings

A B MANAGEMENT LTD: Liquidation Proceedings
A BARNES LTD: Liquidation Proceedings
A J R INTERNATIONAL: Liquidation Proceedings
AP DEGVILLE: Liquidation Proceedings
AGE ELECTRICAL: Liquidation Proceedings

AHA TRAINING: Liquidation Proceedings
ACRIVECROSS LTD: Liquidation Proceedings
ADDINGTON EQUESTRIAN: Liquidation Proceedings
AGRISPARES LTD: Liquidation Proceedings
ALLIGATOR SALES: Liquidation Proceedings

ALPHADALE LTD: Liquidation Proceedings
ANDERSONS OF HITCHIN: Liquidation Proceedings
ANDREW STEVENS: Liquidation Proceedings
ANODIC CASTINGS: Liquidation Proceedings
APOLLO THREE: Liquidation Proceedings

APPEALS TO INDUSTRY: Liquidation Proceedings
ARGONVALE LTD: Liquidation Proceedings
ARRINA LTD: Liquidation Proceedings
ASHDALE CONCRETE: Liquidation Proceedings
ASKWITH GLASS: Liquidation Proceedings

ATLAS STAINLESS: Liquidation Proceedings
B & E TECHNOLOGY: Liquidation Proceedings
BWL MAINTENANCE: Liquidation Proceedings


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

MOL:  Government Offers to Buy Losing Gas Business
------------------------------
BUDAPEST, Jun 26, 2000 -- (Reuters) Hungarian oil group MOL said
it would consider a government offer to buy its loss-making gas
business, but it would continue to prepare for legal steps
against a cabinet decision on gas prices.

"Our answer is that MOL considers all reasonable business
proposals which serve the interest of all its shareholders," MOL
spokesman Gyorgy Felkai told Reuters.

MOL Chairman Janos Csak resigned and MOL shares fell some 10
percent last week after the cabinet decided on capping a July 1
gas price hike at 12 percent to curb inflation pressure, a move
seen causing huge losses to MOL due to high global gas prices.

A government spokesman said late last week the cabinet maintained
its offer made months ago to buy MOL's gas business.

Felkai said he did not know about details of the offer.

He said MOL was not involved in talks with the cabinet about a
transaction, adding that only a shareholders meeting would be
entitled to make a decision on a deal concerning the gas
business.

MOL said last week that it would unbundle its gas business into
separate firms to make it more transparent. Felkai said
shareholders' approval was needed for that step too.

The MOL spokesman confirmed that the company was preparing for
legal action against the government's gas price decision, which
MOL said did not conform with Hungarian laws.

"According to the corporate law MOL must do it as members of the
board of directors are responsible with their own assets for the
protection of shareholders' business interests," he said.

Felkai has said MOL's losses in gas business may reach Ft100
billion ($359.2 million) at the imposed prices.

Economics Minister Gyorgy Matolcsy told the Hungarian Television
at the weekend that global energy prices were unlikely to remain
in current heights for the long term, while MOL's gas business
was potentially lucrative.

He estimated the value of MOL's gas business at between Ft50 and
150 billion.


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

MEZHCOMBANK:  Moscow Court Rejects Appeal
------------------------------
ROSSBUSINESSCONSULTING, June 26, 2000

MOSCOW, Jun 26, 2000 -- (RossBusinessConsulting) The Moscow
Arbitration Court today rejected an appeal of the Mezhcombank
claiming the Central Bank of Russia had no legal rights to revoke
its general license for banking activity.

As RBC already reported, the Central Bank revoked Mezhcombank's
general license on July 1, 1999. Mezhcombank tried to dispute
this action of the Central Bank in court. Simultaneously the bank
tried to rehabilitate the financial situation and worked with
creditors.

However, one of the creditors initiated a bankruptcy procedure in
April. The first meeting of creditors made a decision on June 21
to solicit the judges about the bankruptcy of the bank. At
present, temporary manager of Mezhcombank Yevgeny Yeliseyev has
been proposed for the post of trustee in bankruptcy manager.
The case of Mezhcombank's bankruptcy will be examined in court
again on July 4.


NORILSK NICKEL: Shareholders Lose Over $140 Million
------------------------------
ROSSBUSINESSCONSULTING, June 26, 2000

MOSCOW, Jun 26, 2000 -- (RosBussinessConsulting) An appeal of the
Moscow Prosecutor's Office to the Moscow Arbitration Court to
reassess the outcome of privatization of the Norilsk Nickel
company caused damage of over $140 million to the company's
shareholders. Norilsk Nickel General Director Alexander Khloponin
told this to reporters today.

According to him, the final decision on the issue should be left
to the court. He also pointed out that if the crux of the problem
deals with reassessment of the results of privatization, damage
will be caused to the state in general, and not only to a
particular company.


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

ENERGOATOM:  Nuclear Company Plans to Restructure
------------------------------
KIEV, Jun 26, 2000 -- (Reuters) Ukraine's state-run nuclear
energy company Energoatom plans deep restructuring to boost
output and profit, Energoatom's acting president Volodymyr
Bronnikov said at the weekend.

"Now the company is something like a separate principality which
unites electricity generators, servicing units and even some
social units," Bronnikov told a government meeting. "But we want
to become a European-style company."

Earlier this month, the European Bank for Reconstruction and
Development (EBRD) said Energoatom's restructuring was essential
for Kiev to get a $180 million loan to complete two nuclear
reactors at Ukraine's Rivne and Khmelnytsky plants.

The two new reactors are to replace generating capacity lost
after the closure of the accident-prone Chernobyl nuclear power
plant set for December 15. Chernobyl was the scene of the world's
worst nuclear disaster in 1986.

Bronnikov said the restructuring would be the first step in
reforming Ukraine's nuclear sector. Its five nuclear plants
provide up to 50 percent of the country's electricity needs.

Energoatom united all Ukraine's five nuclear power plants in
1997, targeting higher output and cash collection to pay Russia
for nuclear fuel.

But Ukraine's ongoing financial and non-payment crisis has
frustrated these plans.

Bronnikov, who gave no figures for the company's current
financial status, said the restructuring would take several
years. The first stage, to be completed by the end of the year,
provides for creating an exact list of the company's assets.

According to Ukrainian law, nuclear power plants cannot be
privatized. Bronnikov said, however, that some of the assets not
linked to electricity generating might be sold off later.


LYSYCHANSK: Russian Company Early Winner of 67% Share in Refinery
------------------------------
REUTERS, June 26, 2000

KYIV, June 26 - The Ukrainian subsidiary of Russian oil company
Tyumen Oil Company (TNK) was the preliminary winner of a tender
for 67.41 percent of the country's biggest oil refinery,
Lysychansk, a government official said on Monday.

'TNK-Ukraine has became the preliminary winner of the tender,' a
spokeswoman for the State Property Fund told Reuters. 'The final
winner will be determined in eight days.'

She gave no further details.

The starting price for the stake was set at Hr 48.518 million.
Under the terms of the tender, the winner must repay the
refinery's debts of 18.8 million euros to the finance ministry,
and Hr 10.7 million to the state budget.

The winner will also have to invest Hr 13 million into the
refinery's working capital and Hr 60 million to modernize the
plant over the next five years.

Lysychank's charter capital, defined as the number of shares
multiplied by the face value of one share, is Hr 9.887 million.

The fund has already sold 19.04 percent of the company for
special privatization certificates. Employees hold some 10
percent of shares.

Lysychansk's capacity is 16 million tons per year, but it has
been processing only 2.5 to 3.5 million tons recently and often
stands idle because of a lack of crude oil.

The refinery made a pre-tax loss of Hr 173.5 million in 1999,
compared to a loss of Hr 182.9 million the previous year. The
figures are according to Ukrainian accounting standards, which
differ significantly from those in the West.


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

CORUS: Loss of 113 Million Pounds To Mean More Job Cuts
------------------------------
THE FINANCIAL TIMES, June 26, 2000

Corus, the Anglo-Dutch steel group, reported a first-half loss of
?156m ($235m) on Monday, blaming the strength of the pound
against the euro and operational problems.

It also raised the possibility of further job losses, saying
"difficult decisions" lay ahead.

Pre-tax losses were ?113m compared with an estimated loss of
?250m previously.

Corus, the result of last year's merger of British Steel and
Hoogovens of the Netherlands, used ?250m as a comparative figure,
corresponding to the pre-tax loss reported by British Steel over
the same period last year.

The results, the first since the merger, were roughly in line
with expectations. Analysts had predicted the company would lose
between ?20m and ?180m for the six months to April 1.

Despite sterling's recent softening against the euro, analysts
said Corus needs a further fall of up to 10 per cent in the value
of the pound to offset the competitive weakness linked to its
concentration of manufacturing in the UK.

Roughly 40 per cent of the group's annual sales are derived from
UK customers and about two-thirds of production last year came
from the UK.

Company shares have fallen about 45 per cent since reaching 180p
at the end of 1999. Shares in the group fell 4-1/2p, or 4.4 per
cent on Monday.

Earlier this month, Corus announced 1,200 job cuts at plants in
Rotherham and Sheffield in South Yorkshire, blaming a decline in
steel demand. On Monday Corus said that further difficult
decisions would have to be taken to improve the company's
competitive position and about 230 more jobs would be cut over
the next two years. Corus employs 64,000 people, about half of
them in the UK.

Half-year sales were ?4.61bn against ?2.88bn previously.

Corus' carbon steel division incurred an operating loss of ?204m.
That loss included a ?12m operating profit from Hoogovens.

The company said that demand for carbon steel was strong in both
Europe and America and was helped by the recovery of markets in
Asia.

Stainless steel and aluminum reported operating profits of ?84m
and ?45m respectively.

Corus predicted that synergy benefits, would result in savings of
about ?200m by the end of 2002. It confirmed it would consider
paying an interim dividend in early September and a final
dividend in late February.


CORUS:  Job Cuts To Total 2,200
------------------------------
CITYWIRE, June 26, 2000

Job cuts at steelmaker Corus will total 2,200, the company said
this morning - and there could be more to come.

The decision to close rather than invest in the operations at
Ijmuiden in the Netherlands follows UK closures of a mill at
Shelton and major restructuring of the engineering steels
business.

The jobs gloom accompanied figures released in mid-morning
showing a ?113 million loss in the first half to April 1 compared
with an equivalent loss of ?250 million in the six months to 2
October last year.

Corus was formed from the merger of British Steel and Dutch group
Hoogovens completed on 6 October last year and this is the first
set of results from the combined group. The current financial
year runs 15 months to 31 December. The board said this morning
that the interim dividend would be considered in early September.

Chairman Sir Brian Moffat said: `The period saw improving trends
in demand and prices for carbon steel, stainless steel and
aluminium, particularly in the first quarter of 2000. However,
the adverse effects of the continued strength of the pound
against the euro, combined with the impact of a number of
operational problems, meant that there was a group loss.'

Moffat said all the losses occurred in carbon steel, with
stainless steel making an operating profit of ?84 million and
aluminium ?45 million. Carbon steel made an operating loss of
?204 million partly because of operating difficulties at
Ijmuiden, Llanwern and Teesside. Some problems continued into the
June quarter, Moffat admitted.

He added: 'Job reductions and closures of plants are always
matters of regret. However, the serious erosion of the
competitive position of the group and its customer base ion the
UK, as a result of the strength of the pound against the euro,
inevitably means that further difficult decisions will have to be
taken in order to improve our competitive position. Accordingly
the board and the management are giving this area their urgent
attention.'

On a more positive note Moffat said that the outlook for carbon
steel for the rest of 2000 'appears to be generally strong,
especially in the US and European markets'. Demand for stainless
steel flat products is strong in all world markets and further
price increases are expected in Europe. He described the
situation for aluminium as positive.

Corus shares fell 5.5p to 96p after the results.


FREESERVE: ?700 Million Wiped Out of Stock Market Value
------------------------------
FREESERVE, the UK's biggest Internet company, yesterday saw ?700
million wiped off its stock market value after reporting
lacklustre results and the collapse of its ?6 billion takeover
talks with Germany's T-Online.

Shares in Freeserve, which is controlled by Dixons, the
electrical retail chain, plunged 73_p to 365p, mainly because of
the lack of a takeover deal. The shares had been worth 921p in
the dot-com boom in March, valuing the company at more than ?9
billion.

John Pluthero, Freeserve's chief executive, said that he remained
on "extremely good terms" with T-Online, and that some
discussions between the two companies continued. He declined to
say which issues had derailed the deal.

Meanwhile, Freeserve and Dixons yesterday put out a joint
statement to the stock market saying: "While certain discussions
continue, Freeserve does not expect that this process will lead
in the near future to a bid for the whole of Freeserve."

Freeserve had also been discussing a deal with NTL, the cable
television company backed by France Telecom. However, it is
thought that those talks are also unlikely to lead to a deal.

The first annual results for Freeserve showed a sevenfold
increase in turnover to ?19.6 million and a 13-fold rise in pre-
tax losses, from ?1.5 million to nearly ?20 million. In the
fourth quarter of the year, Freeserve saw a rise in the number of
customers leaving its service from 7 per cent to 7.6 per cent,
and a decline in the proportion of overall revenues generated by
e-commerce and advertising.

This is an important statistic because Freeserve, which has just
under two million "active users", ultimately hopes to make all
its money from these two revenue streams, while losing money on
providing connections to the Internet.

Mr Pluthero insisted that there was "no timetable and no
pressure" for Dixons to sell its stake in Freeserve. He added
that "where others have over-promised and under-delivered, we
have consistently offered our consumers the best choice of low-
cost, high quality Internet access."


JJ SPORTS: Sports Retailer Recovers Poise
------------------------------
THE MOTLEY FOOL UK, June 27, 2000

Troubled sports retailer JJB Sports recovered some of its poise.
The group in its AGM statement said like-for-like sales rose 16%
in the 21 weeks to June 25. However, it must be remembered that
the comparative period last year was particularly weak. Chairman
Dave Whelan, a former professional footballer, said sales of golf
and cycling equipment was strong.

JJB is closing smaller high street stores and focusing on out of
town superstores. The news was marred by Whelan's plan to sell
4.5m shares in the company. This will raise around ?25m to fund
the JJB stadium to house Wigan Athletic Football Club and the
famous Wigan Rugby League club as well. The news sent the shares
down 12.5p, or 2.1%, to 572.5p.


1998 SOFTWARE LTD: Liquidation Proceedings
------------------------------
Company Name: 1998 Software Ltd
Company No: 3489022 Com.
Business: Computer Software Retailers
Appointed on: 12/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Michael J Moore
IPno: 1168
Firm Name: Kroll Buchler Phillips
Address: 1 City Square City
Postcode: Leeds LS1 2ES


1ST CLASS ROOFING LTD: Liquidation Proceedings
------------------------------
Company Name: 1st Class Roofing Ltd
Company No: 3492383 Com.
Business: Roofing Contarctors
Appointed on: 07/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Giles R Frampton
IPno: 7911
Firm Name: Richard J Smith & Co
Address: 53 Fore STreet City
Postcode: Ivybridge PL21 9AE


1ST NATIONAL MAINTENANCE LTD: Liquidation Proceedings
------------------------------
Company Name: 1st National Maintenance Ltd
Company No: 3182783 Com.
Business: Building Contractors
Appointed on: 12/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Mark R Fry
IPno: 8588
Firm Name: Begbies Traynor
Address: The Old Exchange 234 Southchurch Road City
Postcode: Southend-on-Sea SS1 2EG


3SL LTD: Liquidation Proceedings
------------------------------
Company Name: 3SL Ltd
Company No: 1693621 Com.
Business: Computer Sales
Appointed on: 14/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: John P Bateman
IPno: 6716 Michael T Seery 5931
Firm Name: KPMG
Address: Festival Way City
Postcode: Stoke-on-Trent ST1 5TA


69 DIVING LTD: Liquidation Proceedings
------------------------------
Company Name: 69 Diving Ltd
Company No: 3103455 Com.
Business: Retailers Diving Equipment/Tuitions
Appointed on: 06/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Bhagu Mistry
IPno: 5762
Firm Name: B Mistry & Co
Address: Pride House Rectory Lanr City
Postcode: Edgware HA8 7LG


A B CDs LTD: Liquidation Proceedings
------------------------------
Company Name: A B CDs Ltd
Company No: 3237450 Com.
Business: Retailer of CDs
Appointed on: 13/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Robert Valentine
IPno: 3569
Firm Name: Valentine & Co
Address: 4 Dancastle Court 14 Arcadia Avenue City
Postcode: London N3 2HS


A B MANAGEMENT LTD: Liquidation Proceedings
------------------------------
Company Name: A B Management Ltd
Company No: 535875 Com.
Business: Property Investment
Appointed on: 12/06/00
Type: Members
Appointed by: Members
Liquidators: William J Knight
IPno: 2236
Firm Name: Jeremy Knight & Co
Address: 68 Ship Street City Postcode: Brighton BN1 1AE


A BARNES LTD: Liquidation Proceedings
------------------------------
Company Name: A Barnes (Stock isposal & Pack) Ltd
Company No: 3732742 Com.
Business: Stock Disposal
Appointed on: 13/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Robert W Keating
IPno: 7703
Firm Name: R W Keating & Co
Address: 20 Winmarleigh Street City
Postcode: Warrington WA1 1JY


A J R INTERNATIONAL: Liquidation Proceedings
------------------------------
Company Name: A J R International (UK) Ltd
Company No: 1914300 Com.
Business: Parcel Couriers
Appointed on: 14/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Solomon Cohen
IPno: 1751
Firm Name: Morley & Scott
Address: Great Central House Great Central Avenue City
Postcode: South Ruislip HA4 6TS


AP DEGVILLE: Liquidation Proceedings
------------------------------
Company Name: A P Degville & Co Ltd
Company No: 3327992 Com.
Business: Painters & Decorators
Appointed on: 06/06/00
Type: Creditors
Appointed by: Creditors
Liquidators: Roderick G Butcher
IPno: 8834
Firm Name: Moore Stephens Booth White
Address: Beaufort House 94-96 Newhall Street City
Postcode: Birmingham B3 1PB


AGE ELECTRICAL: Liquidation Proceedings
------------------------------
Company Name: AGT Electrical (Bristol) Ltd
Company No: 1060689 Com.
Business: Installation Electrical Wiring etc
Appointed on: 16/06/00
Type: Members
Appointed by: Members
Liquidators: Peter O'Duffy
IPno: 7937
Firm Name: IP Services
Address: 9 Woodhill Road City
Postcode: Portishead BS20 7EU


AHA TRAINING: Liquidation Proceedings
------------------------------
Company Name: AHA Training Ltd
Company No: 3744109 Com.
Business: Sale/Communication Instructors
Appointed on: 14/06/00
Type: Creditors
Appointed by: Members
Liquidators: Rosalind M Hilton
IPno: 8604
Firm Name: Adcrofts
Address: 7-9 Wilkinson Avenue City
Postcode: Blackpool FY3 9XG


ACRIVECROSS LTD: Liquidation Proceedings
------------------------------
Company Name: Acrivecross Ltd
Company No: 2804411 Com.
Business: Contract Consultants
Appointed on: 06/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Gordon Craig
IPno: 7983
Firm Name: Begbies Traynor
Address: 1 Winckley Court Chapel Street City
Postcode: Preston PR1 8BU


ADDINGTON EQUESTRIAN: Liquidation Proceedings
------------------------------
Company Name: Addington Equestrian Centre Ltd
Company No: 2867029 Com.
Business: Equestrian Centre
Appointed on: 07/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: A J Findlay
IPno: 8744
Firm Name: Findlay James
Address: Kensington House 33 Imperial Square City
Postcode: Cheltenham GL50 1QZ


AGRISPARES LTD: Liquidation Proceedings
------------------------------
Company Name: Agrispares (UK) Ltd
Company No: 2888213 Com.
Business: Agricultural Machine Spares
Appointed on: 06/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: John W Lewis
IPno: 6231
Firm Name: J W Lewis & Co
Address: 1st Floor 62 High Street Hanham City
Postcode: Bristol BS15 3DR


ALLIGATOR SALES: Liquidation Proceedings
------------------------------
Company Name: Alligator Sales Ltd
Company No: 2562586 Com.
Business: Design & Manufacturers
Appointed on: 12/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Shay Bannon
IPno: 8777 Ian Vickers 8953
Firm Name: Levy Gee
Address: 66 Wigmore Street City
Postcode: London W1A 3RT


ALPHADALE LTD: Liquidation Proceedings
------------------------------
Company Name: Alphadale Ltd
Company No: 3689269 Com.
Business: Supply Sub-Contractor Labour
Appointed on: 12/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Geoffrey M Weisgard
IPno: 2781
Firm Name: Mitchell Charlesworth
Address: Brazennose House West Brazennose Street City
Postcode: Manchester M2 5FE


ANDERSONS OF HITCHIN: Liquidation Proceedings
------------------------------
Company Name: Andersons of Hitchin Bespoke Kitch Ltd
Company No: 3796948 Com.
Business: Bespoke Kitchen Furniture
Appointed on: 13/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Jeremy Berman
IPno: 5303
Firm Name: Berley & Co
Address: 76 New Cavendish Street City
Postcode: London W1M 7LB


ANDREW STEVENS: Liquidation Proceedings
------------------------------
Company Name: Andrew Stevens Construction Ltd
Company No: 3138754 Com.
Business: Construction Co
Appointed on: 14/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Alan Simon
IPno: 8635
Firm Name: Langley & Partners
Address: Langley House Park Road City
Postcode: London N2 8EX


ANODIC CASTINGS: Liquidation Proceedings
------------------------------
Company Name: Anodic Castings Ltd
Company No: 0810147 Com.
Business: Diecastings
Appointed on: 09/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: K J Watkin
IPno: 5276
Firm Name: K J Watkin & Co
Address: Emerald House 20 Anchor Road Aldridge City
Postcode: Walsall WS9 8PH


APOLLO THREE: Liquidation Proceedings
------------------------------
Company Name: Apollo Three Ltd
Company No: 21003960 Com.
Business: Manufacture Luggage & Clothing
Appointed on: 07/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Christopher Herron
IPno: 8755 Steven Billot 8358
Firm Name: Levy Gee
Address: Wettern House 56 Dingwell Road City
Postcode: Croydon CR0 0XH


APPEALS TO INDUSTRY: Liquidation Proceedings
------------------------------
Company Name: Appeals to Industry Ltd
Company No: 2432356 Com.
Business: Charity Fundraising
Appointed on: 08/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: David A Ingram
IPno: 8015
Firm Name: Chantrey Vellacott DFK
Address: Russell Square House 10-12 Russell Square City
Postcode: London WC1B 5LF


ARGONVALE LTD: Liquidation Proceedings
------------------------------
Company Name: Argonvale Ltd
Company No: 2987392 Com.
Business: General Construction/Civil Engineer
Appointed on: 16/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Colin T Burke
IPno: 8803
Firm Name: Milner Boardman & Partners
Address: Century House Ashley Road City
Postcode: Hale WA15 9TG


ARRINA LTD: Liquidation Proceedings
------------------------------
Company Name: Arrina (Caledonia) Ltd
Company No: SC Com.
Appointed on: 08/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Michael J Reid
IPno: 7327
Firm Name: Meston Reid & Co
Address: 12 Carden Place City
Postcode: Aberdeen AB10 1UR


ASHDALE CONCRETE: Liquidation Proceedings
------------------------------
Company Name: Ashdale Concrete Ltd
Company No: 1537771 Com.
Business: Concrete Repairs
Appointed on: 14/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Peter Sargent
IPno: 8636
Firm Name: Sargent & Co
Address: 4 Wards End City
Postcode: Halifax HX1 1BX


ASKWITH GLASS: Liquidation Proceedings
------------------------------
Company Name: Askwith Glass & Glazing Ltd
Company No: 3218671 Com.
Business: Glaziers
Appointed on: 13/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Jeremy S French
IPno: 3862
Firm Name: Redhead French & Co
Address: 43-45 Butts Green Road City
Postcode: Hornchurch RM11 2JX


ATLAS STAINLESS: Liquidation Proceedings
------------------------------
Company Name: Atlas Stainless Ltd
Company No: 2811058 Com.
Business: Wholesale Metal/Metal Ores
Appointed on: 09/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Paul Barrett
IPno: 5459
Firm Name: Radford Sons & Co
Address: 12 Portland Street City
Postcode: Southampton SO14 7EB


B & E TECHNOLOGY: Liquidation Proceedings
------------------------------

Company Name: B + E Technology Ltd
Previous Name: Bielomatik (London) Ltd
Company No: 487347 Com.
Business: Engineers
Appointed on: 06/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: A J Clark
IPno: 6759
Firm Name: Moore Stephens Booth White
Address: Sidcup House 12-18 Station Road City
Postcode: Sidcup DA14 6NZ


BWL MAINTENANCE: Liquidation Proceedings
------------------------------
Company Name: B W L Maintenance Ltd
Company No: 2573459 Com.
Business: General Building Contractors
Appointed on: 09/06/00
Type: Creditors
Appointed by: Creditors and Members
Liquidators: Robert Valentine
IPno: 3569
Firm Name: Valentine & Co
Address: 4 Dancastle Court 14 Arcadia Avenue City
Postcode: London N3 2HS



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., Trenton, NJ,
and Beard Group, Inc., Washington, DC.  Peter A. Chapman and
Sharon Cuarto, Editors.

Copyright 2000.  All rights reserved.  ISSN 1529-2754.

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

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

The TCR Europe subscription rate is $575 per half-year, delivered
via e-mail.  Additional e-mail subscriptions for members of the
same firm for the term of the initial subscription or balance
thereof are $25 each.  For subscription information, contact
Christopher Beard at 301/951-6400.


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