/raid1/www/Hosts/bankrupt/TCREUR

/raid1/www/Hosts/bankrupt/TCREUR_Public/050331.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, March 31, 2005, Vol. 6, No. 63 Headlines G E R M A N Y HEIDELBERGCEMENT AG: Cutting Cost All the Way to the Top HFT FASSADENTECHNIK: Declares Bankruptcy KARSTADTQUELLE AG: Sale of Remaining Assets Not Going Anywhere KS TELEKOMMUNIKATION: Cedes Control to Provisional Administrator LION BIOSCIENCE: Shareholders Approve Reorganization Plan L&L LOTZ: Falls into Insolvency MAHN MONTAGEN: Creditors Have Until May to Prove Claims N&NTT NIERSTHEIMER: Proofs of Claim Due Next Month OLT BEDACHUNGEN: Slates First Creditors Meeting May 4 PLATINUM-HOTELS: Gives Creditors Two Weeks to File Claims REPA KUNSTSTOFFE: Administrator's Report Out May THRON & PARTNER: Cedes Control to Interim Administrator TKM-DENTAL: Frankfurt Court Appoints Administrator WALTER BAU: Lenz Family, Bilfinger Make Last-minute Bid I T A L Y S.S. LAZIO: Survives Bankruptcy Scare N E T H E R L A N D S KONINKLIJKE AHOLD: Full-year Net Loss Balloons to EUR443 Million R U S S I A BEREZOVSKOYE RAZREZO-STROITELNOYE: Declared Insolvent KOVDORSKIY LES-PROM-KHOZ: Bankruptcy Proceedings Begin KUSHAVERSKOYE: Sets Deadline for Proofs of Claim April MOS-METRO-STROYA: Moscow Court Opens Bankruptcy Proceedings ONEZHSKIY: Appoints A. Belyaninov Insolvency Manager PASSENGER AUTO-TRANSFER: Holds Public Auction Today REINFORCED CONCRETE: Gives Creditors Until April to File Claims RYAZANSKIY: Last Day for Filing Claims April 19 SALAVATSKIY EXPERIMENTAL: Bankruptcy Proceedings Begin SYZRANSKIY: Hires Y. Levin as Insolvency Manager TOMSKIY CHEMICAL: Claims Filing Period Ends April 19 S P A I N JESMAR SA: Game Over for Toy Maker PASARELA TEXTIL: Shutting down Production Plant U K R A I N E BPF-TERMO: Court Brings in Liquidator DNIPRODZERZHINSK' BOILER: Under Bankruptcy Supervision GVARDIJSKE: Temporary Insolvency Manager Takes over Helm KIRIMPEKS: Gives Creditors Until Next Week to File Claims MOLZAVOD NIKOPOLSKIJ: Succumbs to Bankruptcy STAHANOVPROMTRANS: Bankruptcy Supervision Starts TAGANCHA' EXPERIMENTAL: Creditors' Claims Due Next Week ZAHIDPROD-EKS: Declared Insolvent ZAHID-PRODUCT: Insolvency Manager Comes in ZAPORIZKENERGOZAHIST: Liquidator Takes over Operations U N I T E D K I N G D O M +3 SOLUTIONS: Members Decide to Wind up Company ABERYSTWYTH BAKERY: Hires Liquidators from Begbies AGGREGATE LOGISTICS: Names F A Simms & Partners Administrator ALGINURE PRODUCTS: Hires Joint Liquidators from P&A Partnership ARTISAN STOCKPOINT: Members Hire Liquidators from Wilson Pitts ATKINS NUTRITIONALS: Names Administrators from Moore Stephens BALVICAR SECURITY: Winding-up Report Out Mid-April BLUE STAR: Hires Liquidator from Begbies Traynor CAMBER ENTERTAINMENT: Names Begbies Traynor Administrator CARBO PLC: U.K. Operations Fall into Administration CHRYMARK SECURITY: Calls in Administrator from Tomlinsons COMTEC GROUP: Hires Liquidators from The P&A Partnership CP3I LIMITED: Appoints Deloitte & Touche Administrator DESMOND RODGERS: Calls in Administrator from F A Simms ECI CONTRACTS: Administrators from Begbies Traynor Move in EIDOS PLC: SCi Gets Enough Votes to Spoil Elevation Offer ELEPHANTE LIFT: Calls in Thompson Partnership as Administrator F. CHAPMAN: Administrator from McCabe Ford Moves in FREEPORT HORNSEA: Liquidator from Tomlinsons Moves in GASKELL FLOORING: Calls in Kroll Limited Administrator GLOW COMMUNICATIONS: Suspends Cancellation of AIM Admission GOLD FIELDS: Appoints KPMG Liquidator HORTA LIMITED: Appoints Liquidator from Deloitte & Touche ITCHY EYE: Appoints Tomlinsons Liquidator JARVIS PLC: Secures Additional Short-term Financing JARVIS PLC: Shares Drop on News of GBP17 Million Extra Debt KENJEFF LIMITED: Calls in PricewaterhouseCoopers Liquidator MG ROVER: Cabinet Intent on Clinching Chinese Deal MILLER HAMILTON: Liquidator Takes over Operations POINTCHOICE LIMITED: Members Decide to Wind up Firm PYRAMID CHEMIST: Members Call in Liquidator from Lane Heywood RIVERBANK LEASING: Appoints Ernst & Young Liquidator R.J.W 100: Names Joint Administrators from Thompson Partnership STODDARD INTERNATIONAL: Creditors to Meet Today TNG TELCOM: Liquidation Report Out May UK COAL: Appoints Financial Adviser YORK PLACE: Liquidator to Present Report Mid-April ********* ============= G E R M A N Y ============= HEIDELBERGCEMENT AG: Cutting Cost All the Way to the Top -------------------------------------------------------- Loss-making cement maker HeidelbergCement is reportedly cutting directors' pay as part of a broader cost-saving initiative, Suddeutsche Zeitung says. According to an unnamed source, who claims to have seen pertinent documents, each member of the supervisory board will now receive a fixed annual pay of EUR14,000, down from the current EUR20,000. Plagued by falling profit, the company is now implementing measures to sharply reduce cost and improve earnings. These include office closures in Singapore and Malmoe City in Sweden. The company also plans to pursue only small- to medium-size acquisitions in selected growth markets. CONTACT: HEIDELBERGCEMENT AG P.O. Box 10 4420 69120 Heidelberg Phone: +49 6221/481-227 Fax: +49 6221/481-217 E-mail: info@heidelbergcement.com Web site: http://www.heidelbergcement.com HFT FASSADENTECHNIK: Declares Bankruptcy ---------------------------------------- The district court of Berlin-Charlottenburg opened bankruptcy proceedings against HFT Fassadentechnik GmbH on March 4. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until June 6, 2005 to register their claims with court-appointed provisional administrator Dr. Christoph Schulte-Kaubrugger. Creditors and other interested parties are encouraged to attend the meeting on April 27, 2005, 10:45 a.m. at which time the administrator will present his first report of the insolvency proceedings. The court will verify the claims set out in the administrator's report on Aug. 3, 2005, 10:30 a.m. at the district court of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock Saal 218. CONTACT: HFT FASSADENTECHNIK GMBH Bitterfelder Str. 12,12681 Berlin Dr. Christoph Schulte-Kaubrugger, Administrator Genthiner Str. 48, 10785 Berlin KARSTADTQUELLE AG: Sale of Remaining Assets Not Going Anywhere -------------------------------------------------------------- Troubled retail giant KarstadtQuelle AG is finding it hard to attract buyers for its remaining logistics operations, according to Suddeutsche Zeitung. The company is trying to dispose of two mail order centers operated by subsidiaries Quelle and Neckermann. Rhenus Logistics and postal service operator Deutsche Post, which earlier took over the company's other logistics activities, are seen as potential bidders. Management disputes the report, claiming the sale process is still progressing according to plan. CONTACT: KARSTADTQUELLE AG Theodor-Althoff-Str. 2 D-45133 Essen Phone: +49-201-727-1 Fax: +49-201-727-5216 Web site: http://www.karstadtquelle.com DEUTSCHE POST AG Charles-de-Gaulle-Str. 20 53113 Bonn Phone: +49-228-182-0 Fax: +49-228-182-7099 Web site: http://www.dpwn.de RHENUS AG & CO. KG Rhenus-Platz 1 Am Airport Dortmund D-59439 Holzwickede Phone: 02301 29-0 E-mail: kontakt@rhenus.de Web site: http://www.rhenus.de KS TELEKOMMUNIKATION: Cedes Control to Provisional Administrator ---------------------------------------------------------------- The district court of Bielefeld opened bankruptcy proceedings against KS Telekommunikation GmbH & Co. KG on March 10. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until May 12, 2005 to register their claims with court-appointed provisional administrator Martin Kienitz. Creditors and other interested parties are encouraged to attend the meeting on June 2, 2005, 9:00 a.m. at the district court of Bielefeld Gerichtstrasse 6, 33602 Bielefeld, 4. Ebene, Saal 4065 at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: KS TELEKOMMUNIKATION GMBH & CO. KG Steinstr. 2 a, 32369 Rahden Martin Kienitz, Administrator Rugenweg 14, 32427 Minden LION BIOSCIENCE: Shareholders Approve Reorganization Plan --------------------------------------------------------- Majority of LION Bioscience shareholders accepted all resolutions proposed during the extraordinary shareholders meeting on March 24. Four resolutions were approved by shareholders with more than 98% of the eligible shares: strategic reorganization, changes and enlargements in the articles of the company such as the company's objectives and the authorization for LION bioscience to repurchase own shares. A total of 37.5% of the eligible voting shares participated. If the strategic reorganization can be implemented as planned, LION's management expects the company to be profitable and cash flow positive from on the next fiscal year 2005/2006 starting April 1, 2005. CONTACT: LION BIOSCIENCE Gunter Dielmann Investor Relations Officer Phone: +49 (0) 6221-4038 249 E-mail: guenter.dielmann@lionbioscience.com Gunter Dielmann Phone: +49 (0) 6221-4038 249 E-mail: guenter.dielmann@lionbioscience.com L&L LOTZ: Falls into Insolvency ------------------------------- The district court of Frankfurt/Main opened bankruptcy proceedings against L&L Lotz Baubeschlage GmbH on March 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until May 27, 2005 to register their claims with court-appointed provisional administrator Claudia Jansen. Creditors and other interested parties are encouraged to attend the meeting on May 12, 2005, 9:15 a.m. at Saal 1, Gebaude F, Klingerstrasse 20, 60313 Frankfurt am Main at which time the administrator will present his first report of the insolvency proceedings. The court will verify the claims set out in the administrator's report on July 7, 2005, 9:15 a.m. at the same venue. CONTACT: L & L LOTZ BAUBESCHLAGE GMBH Heinrich-Hopf-Strasse 15, 65936 Frankfurt am Main Contact: Andreas Lotz, Manager Ernst Lotz, Manager Claudia Jansen, Administrator Bockenheimer Landstrasse 20, D-60323 Frankfurt/Main Phone: 069/4272686-5270 Fax: 069/42726865555 MAHN MONTAGEN: Creditors Have Until May to Prove Claims ------------------------------------------------------- The district court of Berlin-Charlottenburg opened bankruptcy proceedings against Mahn Montagen Gesellschaft mit beschrankter Haftung Berlin on March 4. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until May 16, 2005 to register their claims with court-appointed provisional administrator Dr. Wolfgang Schroder. Creditors and other interested parties are encouraged to attend the meeting on April 18, 2005, 9:35 a.m. at which time the administrator will present his first report of the insolvency proceedings. The court will verify the claims set out in the administrator's report on July 11, 2005, 9:30 a.m. at the district court of Charlottenburg Amtsgerichtsplatz 1, 14057 Berlin, II. Stock Saal 218. CONTACT: MAHN MONTAGEN GESELLSCHAFT Geraerstr. 41,12209 Berlin Dr. Wolfgang Schroder, Administrator Genthiner Str. 48, 10785 Berlin N&NTT NIERSTHEIMER: Proofs of Claim Due Next Month -------------------------------------------------- The district court of Frankfurt/Main opened bankruptcy proceedings against N&NTT Nierstheimer und Nierstheimer Telekommunikationstechnik Telekommunikationsservice GmbH on March 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until April 25, 2005 to register their claims with court-appointed provisional administrator Fatma Kreft. Creditors and other interested parties are encouraged to attend the meeting on June 28, 2005, 8:20 a.m. at Saal 1, Gebaude F, Klingerstrasse 20, 60313 Frankfurt am Main, statt at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: INSOLVENZVERFAHREN N&NTT NIERSTHEIMER UND NIERSTHEIMER TELEKOMMUNIKATIONSTECHNIK TELEKOMMUNIKATIONSSERVICE GMBH Deuil-La-Barre-Str. 47, 60437 Frankfurt am Main Contact: Joachim Hummel, Manager Fatma Kreft, Administrator Carl-Theodor-Reiffenstein-Platz 6, 60313 Frankfurt am Main Phone: 069/6773677-0 Fax: 069/6773677-20 OLT BEDACHUNGEN: Slates First Creditors Meeting May 4 ----------------------------------------------------- The district court of Darmstadt opened bankruptcy proceedings against OLT Bedachungen Gesellschaft mit beschrankter Haftung on March 3. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until April 4, 2005 to register their claims with court-appointed provisional administrator Tobias Hoefer. Creditors and other interested parties are encouraged to attend the meeting on May 4, 2005, 10:00 a.m. at Zimmer 4, Gebaude E, Landwehrstrasse 48, 64293 Darmstadt at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: OLT BEDACHUNGEN GESELLSCHAFT Eberbacher Weg 121, 64743 Beerfelden Contact: Heinz Olt, Manager Eberbacher Weg 121, 64743 Beerfelden Tobias Hoefer, Administrator Soldnerstr. 2, 68219 Mannheim Phone: 0621/87708-0 Fax: 0621/8770820 PLATINUM-HOTELS: Gives Creditors Two Weeks to File Claims --------------------------------------------------------- The district court of Frankfurt/Main opened bankruptcy proceedings against Platinum-Hotels GmbH on March 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until April 13, 2005 to register their claims with court-appointed provisional administrator Dr. Holger Lessing. Creditors and other interested parties are encouraged to attend the meeting on April 28, 2005, 9:00 a.m. at Saal 1, Gebaude F, Klingerstrasse 20, 60313 Frankfurt am Main at which time the administrator will present his first report of the insolvency proceedings. The court will verify the claims set out in the administrator's report on May 19, 2005, 9:30 a.m. at Saal 2, Gebaude F, Klingerstrasse 20, 60313 Frankfurt am Main. CONTACT: PLATINUM-HOTELS GMBH Marxheimer Str. 13, 65439 Florsheim-Weilbach Contact: A. Tazmin Shauketaly, Manager Dr. Holger Lessing, Administrator Hanauer Landstrasse 287-289, D-60314 Frankfurt am Main Phone: 069/15051300 Fax: 069/15051400 REPA KUNSTSTOFFE: Administrator's Report Out May ------------------------------------------------ The district court of Halle-Saalkreis opened bankruptcy proceedings against REPA Kunststoffe Sangerhausen GmbH on March 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until May 3, 2005 to register their claims with court-appointed provisional administrator Herbert Feigl. Creditors and other interested parties are encouraged to attend the meeting on May 31, 2005, 10:00 a.m. at Saal 1.043, Justizzentrum, Thuringer Str. 16, 06112 Halle at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: REPA KUNSTSTOFFE SANGERHAUSEN GMBH Schachtstr. 46, 06526 Sangerhausen Contact: Herbert Panow, Manager Moltkestr. 14, 34225 Baunatal Herbert Feigl, Administrator Hansering 1, D-06108 Halle Phone: 0345/212220 Fax: 0345/2122222 THRON & PARTNER: Cedes Control to Interim Administrator ------------------------------------------------------- The district court of Frankfurt/Main opened bankruptcy proceedings against Thron & Partner Reiseservice GmbH on March 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until April 15, 2005 to register their claims with court-appointed provisional administrator Dr. Gerhard Th. Walter. Creditors and other interested parties are encouraged to attend the meeting on May 10, 2005, 9:50 a.m. at Saal 1, Gebaude F, Klingerstrasse 20, 60313 Frankfurt am Main, statt at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: THRON & PARTNER REISESERVICE GMBH Eschersheimer Landstrasse 325, 60320 Frankfurt am Main Contact: Thron, Gerhard, Manager Dr. Gerhard Th. Walter, Administrator Cronstettenstrasse 30, 60322 Frankfurt am Main Phone: 069/9591100 Fax: 069/95911012 TKM-DENTAL: Frankfurt Court Appoints Administrator -------------------------------------------------- The district court of Frankfurt/Main opened bankruptcy proceedings against TKM-Dental Labor GmbH on March 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until April 15, 2005 to register their claims with court-appointed provisional administrator Dr. Jan Markus Plathner. Creditors and other interested parties are encouraged to attend the meeting on May 10, 2005, 8:45 a.m. Saal 1, Gebaude F, Klingerstrasse 20, 60313 Frankfurt am Main, statt at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: TKM-DENTAL LABOR GMBH Kaiserleistrasse 51, 63067 Offenbach am Main Contact: Ildiko Csabei, Manager Forsthausstrasse 7a, 64546 Morfelden-Walldorf Dr. Jan Markus Plathner, Administrator Lyoner Strasse 14, 60528 Frankfurt am Main Phone: 069/9623340 Fax: 069/96233422 WALTER BAU: Lenz Family, Bilfinger Make Last-minute Bid ------------------------------------------------------- The Lenz family and Bilfinger Berger are mounting a serious challenge to Bauholding Strabag's bid for the profitable units of collapsed construction group Walter Bau, Die Welt says. Walter Bau receiver Werner Schneider had earlier agreed to sell four subsidiaries under the group's Dywidag Holding division to Strabag for EUR135 million. The businesses include an Austria- based unit, an international construction unit, a road-building subsidiary and Walter Heilit Verkehrswegebau GmbH. The sale will take place only after the start of the company's insolvency proceeding on April 1. Until then, the Lenz family and Bilfinger still have a chance to present their EUR165 million offer. The Lenz family, together with investment company Zwirn, also offered to pay over EUR60 million to acquire a part of Walter Bau's 53% stake in Ed.Zublin, to increase its holdings from 43% to 48.7%. The stake is currently assigned to creditor BayernLB as loan guarantee. Walter Bau declared insolvency in February after creditor banks refused to approve its restructuring plan, denying it access to a EUR1.5 billion credit line. CONTACT: WALTER BAU AG Boheimstr. 8 86153 Augsburg Phone: +49 (0)8 21/55 82-00 Fax: +49 (0)8 21/55 82-3 20 Web site: http://www.walter-bau.de BAUHOLDING STRABAG AG Ortenburgerstrasse 27 9800 Spittal/Drau, Austria Phone: +43-47-62-62-00 Fax: +43-47-62-49-62 Web site: http://www.bauholding.at ED ZUBLIN AG Albstadtweg 3 70567 Stuttgart Phone: (07 11) 78 83 -5 29 Fax: (07 11) 78 83 -5 26 E-mail: zkb@zueblin.de Web site: http://www2.zueblin.de BILFINGER BERGER AG Carl-Reiss-Platz 1-5 68165 Mannheim Phone: +49-621-4590 Fax: +49-621-459-2366 Web site: http://www.bilfingerberger.de ========= I T A L Y ========= S.S. LAZIO: Survives Bankruptcy Scare ------------------------------------- Serie A club Lazio is safe from bankruptcy, at least for now, according to The Associated Press. The cash-strapped football team presented a crucial document to the bankruptcy court in Tivoli minutes before the deadline that would have made it insolvent expired. The club proved to the court it could pay off its tax debt worth EUR140 million (US$181.75 million) over 23 years. Awaiting the decision outside the court were Lazio fans screaming, "If Lazio fails, we will burn the city." "We've deposited everything, now you can say Lazio is saved," said Lazio lawyer Gianmichele Gentile. Last week, the club reached a deal with the Inland Revenue. The team's woes began shortly after the collapse of Cirio, the club's major shareholder. The canned food company owned by former president Sergio Cragnotti was declared insolvent in November 2002. Lazio last won the Italian league title in 2000 when current England manager Sven-Goran Eriksson was coach. CONTACT: S.S. LAZIO Via di Santa Cornelia 1000 00060 Rome Italy Phone: +39-06-97-607-111 Fax: +39-06-90-40-00-22 Web site: http://www.sslazio.it ===================== N E T H E R L A N D S ===================== KONINKLIJKE AHOLD: Full-year Net Loss Balloons to EUR443 Million ---------------------------------------------------------------- Highlights (a) 2004: A year of transition; (b) Divestment program nearing completion; (c) Retail arena structure implemented; (d) U.S. Foodservice's performance improved; (e) Net debt significantly reduced; (f) Settlement reached with U.S. SEC; and (g) Corporate governance increasingly robust and transparent. Our quarterly figures: Q4 2004 Q4 2003 (13 weeks) (12 weeks) Net sales EUR12.4 billion EUR12.7 billion Net sales growth (3.0%) Net sales growth excluding currency impact 9.0% and impact of divestments Operating income EUR207 million EUR61 million Net income EUR96 million EUR12 million Net debt EUR6.3 billion EUR7.8 billion Net cash flow from operating activities EUR745 million EUR1,060 million Net income per share EUR0.06 EUR0.00 Financial highlights Q4 2004: (a) net income Q4 2004 of EUR96 million (Q4 2003: EUR12 million); (b) operating income Q4 2004 of EUR207 million (Q4 2003: EUR61 million); (c) net sales Q4 2004 of EUR12.4 billion, a decrease of 3.0% compared to Q4 2003. Net sales growth was 9.0% excluding currency impact and the impact of divestments, but including impact of the extra week in 2004; and (d) net cash flow from operating activities Q4 2004 of EUR745 million (Q4 2003: EUR1,060 million). Financial highlights Full Year 2004: (a) operating income full year 2004 of EUR195 million (2003: EUR718 million) mainly impacted by the EUR428 million exceptional loss related to the divestment of Bompreco in Q1 2004; (b) net loss full year 2004 of EUR443 million (2003: net loss EUR1 million) impacted by total exceptional items of EUR582 million (2003: EUR136 million); and (c) net debt declined by EUR1.5 billion in 2004. Key priorities for 2005: (a) successful execution of our Road to Recovery strategy including completion of our divestment program; (b) implementation of our retail business model to drive sales volume throughout Ahold; (c) further improve operational performance U.S. Foodservice; and (d) formulation of our 2006+ strategy following the Road to Recovery. Anders C. Moberg, President and CEO, said: "Ahold's Road to Recovery strategy is bearing fruit. During 2004 and especially in Q4 2004, we have made good progress. As we anticipated, this progress did not result in performance improvement in 2004, but we will in due course reap the benefits of our efforts. We are continuing the process of building a strong and healthy financial foundation. We are generating the resources to be able to invest in the growth of our stores, distribution centers, systems and people to achieve our strategy for our customers, associates and shareholders. "We are moving closer to our customers, in order to better differentiate our offering and by investing in our pricing. We believe customer focus and operational excellence are crucial if we are to achieve long-term success in an increasingly competitive sector. We are working hard to reestablish U.S. Foodservice as a viable, reliable, ethical company that delivers value to Ahold. The new management team has made great strides forward and we are moving steadily in the right direction. "In addition, we have put in place a stronger and more transparent corporate governance structure. We are simplifying our organizational structure to support group-wide execution of our retail model. We are enhancing the clarity of accountability and standards, improving internal controls and establishing a clear and compelling culture driven by common, shared values. Following our full cooperation and the remedial actions we have taken, we have reached a final settlement with the U.S. Securities and Exchange Commission with no penalty being imposed. "Our key priorities for 2005: (a) Successful execution of our Road to Recovery. We have made huge strides forward in our Road to Recovery, although we still have significant steps to take in 2005. We are focused on working towards meeting applicable criteria for an investment grade rating profile. We are committed to our target of minimum gross proceeds of EUR2.5 billion from the divestment of our non-core and underperforming assets. We are working towards bringing this program to a successful conclusion in the interests of our stakeholders. The sale of our Spanish retail activities and BI-LO/Bruno's (closed in January 2005) were significant steps in this process; (b) Implementation of our retail business model to drive sales volume throughout Ahold. We continue to roll out our retail model across the arenas. Our retail model drives the process of reducing cost to reinvest in customer value and price. Based upon the successful completion of the harmonization initiatives and our divestment program by the end of 2005, our operating targets for our food retail business for full year 2006 are 5% net sales growth, 5% EBITA margin and 14% return on net assets; (c) Further improve operational performance U.S. Foodservice. We will continue to aim at restoring profitability and cash flow by improving the organization, pursuing further procurement enhancements, striving for operational excellence and enhancing our systems; and (d) Formulation of our strategy 2006+ following the Road to Recovery. When we have reached the end of our Road to Recovery, we will have defined our strategy moving forward. The group strategy will describe how we will win in the competitive environments that characterize our core market places. Our strategy will profile our differentiating capabilities and define how we will develop further as a group. "Success is a journey, not a destination. We have come a long way since 2003, when we were in crisis. 2004 was our year of transition. 2005 is turning into a year of execution, a year in which we are delivering on our promise and concentrating on implementing our new way of working based on the solid structures created in 2004. I appreciate the great energy of our associates as we complete the execution of our Road to Recovery strategy. "We are very focused on the business, showing strong leadership as we drive this high pace of change, and committed to a credible, transparent and open interactive dialogue with our internal and external stakeholders. We are sustaining our commitment to our customers along our Road to Recovery." The full copy of this report is available free of charge at http://bankrupt.com/misc/Ahold_2004.pdf CONTACT: ROYAL AHOLD N.V. P.O. Box 3050 1500 HB Zaandam Netherlands Phone: +31 (0)75 659 57 20 Fax: +31 (0)75 659 83 02 Web site: http://www.ahold.com =========== R U S S I A =========== BEREZOVSKOYE RAZREZO-STROITELNOYE: Declared Insolvent ----------------------------------------------------- The Arbitration Court of Krasnoyarsk region commenced bankruptcy proceedings against Berezovskoye Razrezo-Stroitelnoye after finding the corporation insolvent. The case is docketed as A33- 30925/04-s4. Mr. E. Gavrilets has been appointed insolvency manager. CONTACT: BEREZOVSKOYE RAZREZO-STROITELNOYE CORPORATION660023, Russia, Krasnoyarsk region, Dubnino, Sovetskaya Str. 7 Mr. E. Gavrilets Insolvency Manager 660099, Russia, Krasnoyarsk region, Zheleznodorozhnikov Str. 22-29 KOVDORSKIY LES-PROM-KHOZ: Bankruptcy Proceedings Begin ------------------------------------------------------ The Arbitration Court of Murmansk region commenced bankruptcy proceedings against Kovdorskiy Les-Prom-Khoz after finding the open joint stock company insolvent. The case is docketed as A42-8574/03-18. Mr. O. Temchura has been appointed insolvency manager. Creditors have until April 12, 2005 to submit their proofs of claim to 183049, Russia, Murmansk, Poste Restante. CONTACT: KOVDORSKIY LES-PROM-KHOZ 184140, Russia, Murmansk region, Kovdor, Slyudyanaya Str. 11 Mr. O. Temchura Insolvency Manager 183049, Russia, Murmansk region, Poste Restante KUSHAVERSKOYE: Sets Deadline for Proofs of Claim April ------------------------------------------------------ The Arbitration Court of Novgorod region commenced bankruptcy proceedings against Kushaverskoye after finding the peat company insolvent. The case is docketed as A44-9760/04-S4-K. Mr. A. Tsybin has been appointed insolvency manager. Creditors have until April 19, 2005 to submit their proofs of claim to 174571, Russia, Novgorod region, Khvoyninskiy region, Yubileynyj, Sosnovskaya Str. 3. CONTACT: KUSHAVERSKOYE 174571, Russia, Novgorod region, Khvoyninskiy region, Yubileynyj, Sosnovskaya Str. 3 Phone/Fax: 88162-138-779 Mr. A. Tsybin Insolvency Manager 174571, Russia, Novgorod region, Khvoyninskiy region, Yubileynyj, Sosnovskaya Str. 3 Phone/Fax: 88162-138-779 MOS-METRO-STROYA: Moscow Court Opens Bankruptcy Proceedings ----------------------------------------------------------- The Arbitration Court of Moscow region commenced bankruptcy proceedings against Mos-Metro-Stroya after finding the factory insolvent. The case is docketed as A40-59527/04-86-53B. Mr. I. Sarkisyan has been appointed insolvency manager. Creditors have until May 19, 2005 to submit their proofs of claim to 107143, Russia, Moscow, Tagilskaya Str. 6. CONTACT: MOS-METRO-STROYA 107143, Russia, Moscow region, Tagilskaya Str. 6 Mr. I. Sarkisyan Insolvency Manager 107143, Russia, Moscow region, Tagilskaya Str. 6 ONEZHSKIY: Appoints A. Belyaninov Insolvency Manager ---------------------------------------------------- The Arbitration Court of Kareliya republic commenced bankruptcy proceedings against Onezhskiy after finding the metal factory insolvent. The case is docketed as 26-5776/04-18. Mr. A. Belyaninov has been appointed insolvency manager. Creditors have until April 26, 2005 to submit their proofs of claim to Russia, Kareliya republic, Petrozavodsk, Vytegorskoye Shosse, 60A. CONTACT: ONEZHSKIY METALLURGICAL PLANT Russia, Kareliya republic, Petrozavodsk, Pravdy Str. 29 Mr. A. Belyaninov Insolvency Manager Russia, Kareliya republic, Petrozavodsk, Vytegorskoye Shosse, 60A PASSENGER AUTO-TRANSFER: Holds Public Auction Today --------------------------------------------------- Insolvency Manager Mr. S. Shubin will sell the property of open joint stock company Passenger Auto-Transfer on March 31, 2005, 10:00 a.m. The public auction will take place at Russia, Kirov, Severnoye Koltso Str. 16A. Up for sale are four different buildings. Starting price: RUB15,000,000 inclusive of VAT. The list of documentary requirements is available at Russia, Kirov, Severnoye Koltso Str. 16A. CONTACT: PASSENGER AUTO-TRANSFER Russia, Kirov region, Severnoye Koltso Str. 16A REINFORCED CONCRETE: Gives Creditors Until April to File Claims --------------------------------------------------------------- The Arbitration Court of Orenburg region commenced bankruptcy proceedings against Reinforced Concrete after finding the open joint stock company insolvent. The case is docketed as A47- 4517/03-14GK. Mr. D. Taushev has been appointed insolvency manager. Creditors have until April 12, 2005 to submit their proofs of claim to 460000, Russia, Orenburg, Gaya Str. 23A. CONTACT: REINFORCED CONCRETE 462401, Russia, Orenburg region, Orsk, Stroiteley Str. 44 Mr. D. Taushev Insolvency Manager 460000, Russia, Orenburg region, Gaya Str. 23A Phone/Fax: (3532) 78-40-26 RYAZANSKIY: Last Day for Filing Claims April 19 ----------------------------------------------- The Arbitration Court of Ryazan region commenced bankruptcy proceedings against Ryazanskiy after finding the transport centre insolvent. The case is docketed as A54-2892/04-S1. Mr. V. Motorzhin has been appointed insolvency manager. Creditors have until April 19, 2005 to submit their proofs of claim. CONTACT: RYAZANSKIY 390044, Russia, Ryazan region, Novatorov Str. 2, Room 1 Mr. V. Motorzhin Insolvency Manager 390000, Russia, Ryazan region, Polonskogo Str. 19, Room 1 SALAVATSKIY EXPERIMENTAL: Bankruptcy Proceedings Begin ------------------------------------------------------ The Arbitration Court of Bashkortostan republic commenced bankruptcy proceedings Salavatskiy Experimental after finding the mechanical factory insolvent. The case is docketed as A07- 18390/02-A-MOG. Mr. F. Ishtuganov has been appointed insolvency manager. Creditors have until April 19, 2005 to submit their proofs of claim to 453256, Russia, Salavat, Krasnoarmeyskaya Str. 4. CONTACT: SALAVATSKIY EXPERIMENTAL MECHANICAL FACTORY 453256, Russia, Salavat, Krasnoarmeyskaya Str. 4 Mr. F. Ishtuganov Insolvency Manager 453112, Russia, Sterlitamak, Kochetova Str. 23b SYZRANSKIY: Hires Y. Levin as Insolvency Manager ------------------------------------------------ The Arbitration Court of Samara region commenced bankruptcy proceedings against Syzranskiy (TIN 6383000282) after finding the close joint stock company insolvent. The case is docketed as A55-9055/02-27 (15). Mr. Y. Levin has been appointed insolvency manager. Creditors have until April 19, 2005 to submit their proofs of claim to 446001, Russia, Samara region, Syzran, Post User Box 41. CONTACT: SYZRANSKIY Russia, Samara region, Syzranskiy region, Koshelevka Mr. Y. Levin Insolvency Manager 446001, Russia, Samara region, Syzran, Post User Box 41 TOMSKIY CHEMICAL: Claims Filing Period Ends April 19 ---------------------------------------------------- The Arbitration Court of Tomsk region commenced bankruptcy proceedings against Tomskiy Chemical Complex-4 after finding the open joint stock company insolvent. The case is docketed as A67-131/01. Mr. N. Vitchukov has been appointed insolvency manager. Creditors have until April 19, 2005 to submit their proofs of claim to 634067, Russia, Tomsk, Kuzovlevskkiy Trakt, 2. CONTACT: TOMSKIY CHEMICAL COMPLEX-4 634067, Russia, Tomsk region, North Industrial Uzel Mr. N. Vitchukov Insolvency Manager 634067, Russia, Tomsk region, Kuzovlevskkiy Trakt, 2 ========= S P A I N ========= JESMAR SA: Game Over for Toy Maker ---------------------------------- Toy maker Jesmar S.A. will shut down its operations due to persistent financial difficulties, El Pais says. Jesmar, which filed for temporary receivership in January 2001, has been saddled by debt for years. The group also blames the increasing rift among shareholders. The closure will affect around 100 employees. Meanwhile, the worker's committee disagreed with the decision, claiming that business had started to pick up, as evidenced by its growing order book. Management assures employees the closure would be temporary, according to trade union sources. Established in 1946, Alicante-based Jesmar sells toys in Nuremberg, Paris, London, New York, Mexico, Valencia, Tokyo, and Hong Kong. CONTACT: JESMAR S.A. Ctra. de Alcoy, s/n 03410 Biar Alicante Phone: +34 96 581 02 00 Fax: +34 96 581 07 01 E-mail: jesmar@jesmar.es Web site: http://www.jesmar.es PASARELA TEXTIL: Shutting down Production Plant ----------------------------------------------- Textile maker Pasarela Textil will close down its production plant in Reus, El Pais says. The group blamed the closure to financial problems and weak order book. Pasarela has already submitted the redundancy plan for its 133 employees to the Catalan regional authorities, according to trade union sources. Following the closure, the group will import textiles from China. Pasarela Textil, which is owned by Grupaser Textil and Dutch group Eyelatser, suffered a EUR155,000 loss in 2003, after posting EUR27.3 million in turnover. The group manufactures and sells polyester and viscose fabrics. CONTACT: PASARELA TEXTIL S.A. Bellesguard 32 Phone: +34934176000 Fax: +34932126746 E-mail: luis.casacuberta@pasarelatextil.es Web site: http://www.pasarelatextil.es ============= U K R A I N E ============= BPF-TERMO: Court Brings in Liquidator ------------------------------------- The Economic Court of Ivano-Frankivsk region commenced bankruptcy proceedings against BPF-TERMO (code EDRPOU 31943103) on February 15, 2005 after finding the limited liability company insolvent. The case is docketed as B-7/119. Mr. Vitalij Gumenuk (License Number AA 779337) has been appointed liquidator/insolvency manager. The company holds account number 260003011616 at Oshadbank, Dolina branch 6343, MFO 336536. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) BPF-TERMO Ukraine, Ivano-Frankivsk region, Dolina, Obliski Str. 36 (b) Mr. Vitalij Gumenuk Liquidator/Insolvency Manager Ukraine, Ivano-Frankivsk region, Privokzalna Str. 9/81 (c) ECONOMIC COURT OF IVANO-FRANKIVSK REGION 76000, Ukraine, Ivano-Frankivsk region, Shevchenko Str. 16 DNIPRODZERZHINSK' BOILER: Under Bankruptcy Supervision ------------------------------------------------------ The Economic Court of Dnipropetrovsk region commenced bankruptcy supervision procedure on CJSC Dniprodzerzhinsk' Boiler-Welding Plant (code EDRPOU 05495360). The case is docketed as B 15/130/04. Mr. V. Bezpalov (License Number AA 140430) has been appointed temporary insolvency manager. The company holds account numbers 26003100730001, 26047100730001 at JSCB Ukrsocbank, Dniprodzerzhinsk branch, MFO 305051. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) DNIPRODZERZHINSK' BOILER-WELDING PLANT 51900, Ukraine, Dnipropetrovsk region, Dniprodzerzhinsk, Krivorizka Str. 1-a (b) Mr. V. Bezpalov Temporary Insolvency Manager 49081, Ukraine, Dnipropetrovsk region, Vorontsov Str. 75/232 (c) ECONOMIC COURT OF DNIPROPETROVSK REGION 49600, Ukraine, Dnipropetrovsk region, Kujbishev Str. 1a GVARDIJSKE: Temporary Insolvency Manager Takes over Helm -------------------------------------------------------- The Economic Court of AR Krym region commenced bankruptcy supervision procedure on LLC Gvardijske (code EDRPOU 30833789). The case is docketed as 2-11/17024-2004. Ms. Meteleva Svitlana (License Number AA 485251) has been appointed temporary insolvency manager. The company holds account number 260093248600 at JSCB Ukrsocbank, Krym regional branch, MFO 324010. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) GVARDIJSKE 97513, Ukraine, AR Krym region, Simferopol district, Gvardijske, Medicinskij Lane, 2A (b) Ms. Meteleva Svitlana Temporary Insolvency Manager Ukraine, AR Krym region, Simferopol, Vishneva Str. 60 (c) THE ECONOMIC COURT OF AR KRYM REGION 95000, Ukraine, AR Krym region, Simferopol, Karl Marks Str. 18 KIRIMPEKS: Gives Creditors Until Next Week to File Claims --------------------------------------------------------- The Economic Court of Kirovograd region commenced bankruptcy supervision procedure on OJSC Kirovograd' Shoe Enterprise Kirimpeks (code EDRPOU 00308212) on February 15, 2005. The case is docketed as 6/201. Mr. Vadim Kosarenko (License Number AA 484182) has been appointed temporary insolvency manager. The company holds account number 260021952 at JSPPB Aval, Kirovograd branch, MFO 323538. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) KIROVOGRAD' SHOE ENTERPRISE KIRIMPEKS 25006, Ukraine, Kirovograd region, Inzheneriv Avenue, 15 (b) Mr. Vadim Kosarenko Temporary Insolvency Manager Ukraine, Kirovograd region, Preobrazhenskij Str. 6/29 Phone: 8 (050) 565-74-78 (c) THE ECONOMIC COURT OF KIROVOGRAD REGION 25022, Ukraine, Kirovograd region, Lunacharski Str. 29 MOLZAVOD NIKOPOLSKIJ: Succumbs to Bankruptcy -------------------------------------------- The Economic Court of Dnipropetrovsk region commenced bankruptcy supervision procedure on OJSC Molzavod Nikopolskij (code EDRPOU 00444978) on December 28, 2004. The case is docketed as B 29/233/04. Ms. Ludmila Chmil (License Number AA 783190) has been appointed temporary insolvency manager. The company holds account number 26002012260100 at JSPPB Aval, Nikopol branch, MFO 306782. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) MOLZAVOD NIKOPOLSKIJ 53270, Ukraine, Dnipropetrovsk region, Nikopol district, Menzhinske, Centralna Str. 1 (b) Ms. Ludmila Chmil Temporary Insolvency Manager 53210, Ukraine, Dnipropetrovsk region, Nikopol, Kashtanova Str. 51/79 (c) ECONOMIC COURT OF DNIPROPETROVSK REGION 49600, Ukraine, Dnipropetrovsk region, Kujbishev Str. 1a STAHANOVPROMTRANS: Bankruptcy Supervision Starts ------------------------------------------------ The Economic Court of Lugansk region commenced bankruptcy supervision procedure on State OJSC Stahanovpromtrans (code EDRPOU 00179364). The case is docketed as 20/29 B. Mr. Oleksandr Pavlenko (License Number AA 250356) has been appointed temporary insolvency manager. The company holds account number 26005590667501 at JSCB Ukrsocbank, Alchevsk branch of Stahanov, MFO 304052. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) STAHANOVPROMTRANS 94002, Ukraine, Lugansk region, Stahanov, Teplovozna Str. 5 (b) Mr. Oleksandr Pavlenko Temporary Insolvency Manager 91019, Ukraine, Lugansk region, Artema Str. 447/9 (c) ECONOMIC COURT OF LUGANSK REGION 91000, Ukraine, Lugansk region, Geroiv VVV Square, 3a TAGANCHA' EXPERIMENTAL: Creditors' Claims Due Next Week ------------------------------------------------------- The Economic Court of Cherkassy region commenced bankruptcy supervision procedure on Tagancha' Experimental Plant (code EDRPOU 05395121). The case is docketed as 01/400. Mr. Sergij Pshenichnij has been appointed temporary insolvency manager. The company holds account number 26001301171 at Oshadbank, Kanivske branch 3284, MFO 354585. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) TAGANCHA' EXPERIMENTAL PLANT 19052, Ukraine, Cherkassy region, Kanivskij district, Tagancha (b) Mr. Sergij Pshenichnij Temporary Insolvency Manager Ukraine, Cherkassy region, Vernigori Str. 16/6 Phone: 8 (505) 526-81-13 (c) ECONOMIC COURT OF CHERKASSY REGION 18005, Ukraine, Cherkassy region, Shevchenko Avenue, 307 ZAHIDPROD-EKS: Declared Insolvent --------------------------------- The Economic Court of Ivano-Frankivsk region commenced bankruptcy proceedings against Zahidprod-Eks (code EDRPOU 30474964 on January 17, 2005 after finding the limited liability company insolvent. The case is docketed as B-13/31. Ms. Nadiya Mirinda has been appointed liquidator/insolvency manager. The company holds account number 26008287101000 at OJSC CB Dnister, Ivano-Frankivsk branch, MFO 336923. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) ZAHIDPROD-EKS 76000, Ukraine, Ivano-Frankivsk region, Galitska Str. 57 a (b) ECONOMIC COURT OF IVANO-FRANKIVSK REGION 76000, Ukraine, Ivano-Frankivsk region, Shevchenko Str. 16 ZAHID-PRODUCT: Insolvency Manager Comes in ------------------------------------------ The Economic Court of Ivano-Frankivsk region commenced bankruptcy proceedings against Zahid-Product (code EDRPOU 31004115) on January 17, 2005 after finding the limited liability company insolvent. The case is docketed as B-13/30. Ms. Nadiya Mirinda has been appointed liquidator/insolvency manager. The company holds account number 26000301605 at Oshadbank, Tlumach branch, MFO 336600. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) ZAHID-PRODUCT 78000, Ukraine, Ivano-Frankivsk region, Tlumach, Plavyuk Str. 34 (b) COURT OF IVANO-FRANKIVSK REGION 76000, Ukraine, Ivano-Frankivsk region, Shevchenko Str. 16 ZAPORIZKENERGOZAHIST: Liquidator Takes over Operations ------------------------------------------------------ The Economic Court of Zaporizhya region commenced bankruptcy proceedings against Zaporizkenergozahist (code EDRPOU 00103177) on January 14, 2005 after finding the limited liability company insolvent. The case is docketed as 21/28. Mr. Roman Vasilenko (License Number AA 419242) has been appointed liquidator/insolvency manager. The company holds account number 26002301190211 at JSC Prominvestbank, Energodar branch, MFO 313098. Creditors have until April 5, 2005 to submit their proofs of claim to: (a) ZAPORIZKENERGOZAHIST Ukraine, Zaporizhya region, Energodar, a/b 47 (b) Mr. Roman Vasilenko Liquidator/Insolvency Manager 69000, Ukraine, Zaporizhya region, Peremogi Str. 121/172 (c) ECONOMIC COURT OF ZAPORIZHYA REGION 69001, Ukraine, Zaporizhya region, Shaumyana Str. 4 =========================== U N I T E D K I N G D O M =========================== +3 SOLUTIONS: Members Decide to Wind up Company ----------------------------------------------- At the extraordinary general meeting of the members of +3 Solutions Limited on March 11, 2005 held at the offices of David Horner & Co, 11 Clifton Moor Business Village, James Nicolson Link, Clifton Moor, York YO30 4XG, the extraordinary and ordinary resolutions to wind up the company were passed. David Anthony Horner of David Horner & Co, 11 Clifton Moor Business Village, James Nicolson Link, Clifton Moor, York YO30 4XG has been appointed liquidator of the company. CONTACT: DAVID HORNER & CO. 11 Clifton Moor Business Village James Nicolson Link, York YO30 4XG Phone: 01904 479801 Web site: http://www.davidhornerandco.co.uk ABERYSTWYTH BAKERY: Hires Liquidators from Begbies -------------------------------------------------- At the extraordinary general meeting of the members of Aberystwyth Bakery Limited on March 18, 2005 held at 5th Floor, Riverside House, 31 Cathedral Road, Cardiff, the extraordinary and ordinary resolutions to wind up the company were passed. John W. Davies and David Hill of Begbies Traynor, 5th Floor, Riverside House, 31 Cathedral Road, Cardiff CF11 9HB have been appointed joint liquidators of the company. CONTACT: BEGBIES TRAYNOR 4th Floor, Riverside House, 31 Cathedral Road, Cardiff CF11 9HB Phone: 029 2022 5022 Fax: 029 2022 4523 E-mail: cardiff@begbies-traynor.com Web site: http://www.begbies.com AGGREGATE LOGISTICS: Names F A Simms & Partners Administrator ------------------------------------------------------------- Richard Frank Simms (IP No 9252) has been appointed administrator for Aggregate Logistics Limited. The appointment was made March 15, 2005. The company manages freight transport by road. Its registered office is located at Hangar 45, Yatesbury Road, Yatesbury, Calne, Wiltshire SN11 8XH. CONTACT: F A SIMMS & PARTNERS PLC Insol House 39 Station Road Lutterworth Leicestershire LE17 4AP Phone: 01455 557111 Fax: 01455 552572 E-mail: rsimms@fasimms.com ALGINURE PRODUCTS: Hires Joint Liquidators from P&A Partnership --------------------------------------------------------------- At the extraordinary general meeting of Alginure Products Limited on March 16, 2005 held at 23 Totley Hall Drive, Sheffield S17 4BB, the special, ordinary and extraordinary resolutions to wind up the company were passed. Andrew Philip Wood and John Russell of 93 Queen Street, Sheffield S1 1WF have been appointed joint liquidators of the company. CONTACT: THE P&A PARTNERSHIP 93 Queen Street, Sheffield S1 1WF Phone: (0114) 275 5033 Fax: (0114) 276 8556 E-mail: info@poppletonappleby.co.uk Web site: http://www.thepandapartnership.com ARTISAN STOCKPOINT: Members Hire Liquidators from Wilson Pitts -------------------------------------------------------------- At the extraordinary general meeting of the members of the Artisan Stockpoint Limited on March 14, 2005 held at Wilson Pitts, Glendevon House, Hawthorn Park, Coal Road, Leeds LS14 1PQ, the special resolution to wind up the company was passed. D. F. Wilson and J. N. R. Pitts have been appointed joint liquidators of the company. CONTACT: WILSON PITTS Glendevon House Hawthorn Park Coal Road Leeds West Yorkshire LS14 1PQ Phone: 0113 237 5560 Fax: 0113 237 5561 E-mails: julian.pitts@wilson-pitts.co.uk david.wilson@wilson-pitts.co.uk ATKINS NUTRITIONALS: Names Administrators from Moore Stephens ------------------------------------------------------------- Jeremy Willmont and Phillip Sykes (IP Nos 9044, 6119) have been appointed administrators for Atkins Nutritionals (United Kingdom) Ltd. The appointment was made March 17, 2005. The company supplies food and diet supplements. CONTACT: MOORE STEPHENS 1 Snow Hill, London EC1A 2EN Phone: 020 7334 9191 Fax: 020 7248 3408 Web site: http://www.moorestephens.co.uk BALVICAR SECURITY: Winding-up Report Out Mid-April -------------------------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF Balvicar Security Services Limited (in Liquidation) Notice is hereby given in terms of section 94 of the Insolvency Act 1986, that a Final Meeting of the Members of Balvicar Security Services Limited will be held in the offices of Smith Inglis & Co, Suite 412, Baltic Chambers, 50 Wellington Street, Glasgow G2 6HJ, on Thursday April 14, 2005, at 10:00 a.m. for the purposes of receiving a final account of the winding-up from the Liquidator together with any explanations that may be given by him and to determine whether he should be released as Liquidator in terms of the Insolvency Act 1986. All Members are entitled to attend in person or by proxy and a Resolution will be passed by majority in value of those voting. Members may vote once proxies have been submitted and accepted at meeting or lodged before hand at the office below. Kenneth G. Le May, Liquidator March 8, 2005 CONTACT: SMITH INGLIS & CO. Suite 412 Baltic Chambers 50 Wellington Street Glasgow G2 6HJ Kenneth George Le May Phone: 0141 248 8339 Fax: 0141 248 8339 BLUE STAR: Hires Liquidator from Begbies Traynor ------------------------------------------------ At the general meeting of Blue Star Hotels Limited, the special and ordinary resolutions to wind up the company were passed. Ian E. Walker of Begbies Traynor, Balliol House, Southernhay Gardens, Exeter, Devon EX1 1NP has been appointed liquidator of the company. CONTACT: BEGBIES TRAYNOR Balliol House, Southernhay Gardens, Exeter EX1 1NP Phone: 01392 260800 Fax: 01392 260801 E-mail: ian.walker@begbies-traynor.com Web site: http://www.begbies.com CAMBER ENTERTAINMENT: Names Begbies Traynor Administrator --------------------------------------------------------- W. John Kelly and James P. N. Martin (IP Nos 004857 and 8316) have been appointed administrators for Camber Entertainment Limited. The appointment was made March 17, 2005. CONTACT: BEGBIES TRAYNOR Newater House 11 Newhall Street Birmingham B3 3NY E-mail: birmingham@begbies-traynor.com Web site: http://www.begbies.com CARBO PLC: U.K. Operations Fall into Administration --------------------------------------------------- The Board of Carbo plc said that it has, by reason of its financial position, resolved to appoint Ernst & Young as administrator to deal with its affairs. In addition, the principal U.K. subsidiaries have also resolved to appoint administrators to provide protection for their respective assets. These actions in the U.K. do not affect the rest of the Group's operations in Germany, Italy and elsewhere. These businesses will continue to trade as normal. The Company will be consulting with its funders and professional advisers and will make a further announcement in due course. * * * With effect from 24 March 2005, Andrea Manganelli, Herman Fuchs and Carlo Palu resigned as Directors of the Company. CONTACT: CARBO PLC Stuart Dootson Phone: 07734 297657 W.H. IRELAND LTD. David Youngman Phone: 0161 819 8743 CHRYMARK SECURITY: Calls in Administrator from Tomlinsons --------------------------------------------------------- A. H. Tomlinson (IP No 006585) has been appointed administrator for Chrymark Security Limited. The appointment was made March 8, 2005. Its registered office is located at Tomlinsons, St Johns Court, 72 Gartside Street, Manchester M3 3EL. CONTACT: TOMLINSONS St John's Court, 72 Gartside Street, Manchester M3 3EL Phone: 0870 60 70 170 Fax: 0870 60 70 180 E-mail: advice@tomlinsons.co.uk Web site: http://www.tomlinsons.co.uk COMTEC GROUP: Hires Liquidators from The P&A Partnership -------------------------------------------------------- At the extraordinary general meeting of Comtec Group Limited on March 16, 2005 held at 23 Totley Hall Drive, Sheffield S17 4BB, the subjoined special, ordinary and extraordinary resolutions to wind up the company were passed. Andrew Philip Wood and John Russell of 93 Queen Street, Sheffield S1 1WF has been appointed joint liquidators of the company. CONTACT: THE P&A PARTNERSHIP 93 Queen Street, Sheffield S1 1WF Phone: (0114) 275 5033 Fax: (0114) 276 8556 E-mail: info@poppletonappleby.co.uk Web site: http://www.thepandapartnership.com CP3I LIMITED: Appoints Deloitte & Touche Administrator ------------------------------------------------------ William Kenneth Dawson (IP No 8266) and Ian Brown (IP No 7236) have been appointed administrators for printing company CP3i Limited. The appointment was made March 17, 2005. Its registered office is located at 201 Deansgate, Manchester M60 2AT. CONTACT: DELOITTE & TOUCHE 1 City Square Leeds West Yorkshire LS1 2AL Phone: 0113 292 1748 Fax: 0113 244 8942 DELOITTE & TOUCHE PO Box 500 201 Deansgate Manchester Greater Manchester M60 2AT Phone: 0161 832 3555 Fax: 0161 829 3806 E-mail: bill.dawson@deloitte.co.uk DESMOND RODGERS: Calls in Administrator from F A Simms ------------------------------------------------------ Richard Frank Simms (IP No 9252) has been appointed administrator for Desmond Rodgers Limited. The appointment was made March 15, 2005. The company manages freight transport. Its registered office is located at Hangar 45, Yatesbury Road, Yatesbury, Calne, Wiltshire SN11 8XH. CONTACT: F A SIMMS & PARTNERS PLC Insol House 39 Station Road Lutterworth Leicestershire LE17 4AP Phone: 01455 557111 Fax: 01455 552572 E-mail: rsimms@fasimms.com ECI CONTRACTS: Administrators from Begbies Traynor Move in ---------------------------------------------------------- David Paul Hudson and Lloyd Biscoe (IP Nos 008977, 009141) have been appointed administrators for ECI Contracts Limited. The appointment was made March 10, 2005. The company offers recruitment services. Its registered office is located at 3rd Floor Kingsbourne House, 229-231 High Holborn, London WC1V 7DA. CONTACT: BEGBIES TRAYNOR The Old Exchange, 234 Southchurch Road Southend-on-Sea SS1 2EG Phone: 01702 467255 Fax: 01702 467201 E-mail: southend@begbies-traynor.com Web site: http://www.begbies.com EIDOS PLC: SCi Gets Enough Votes to Spoil Elevation Offer --------------------------------------------------------- SCi Entertainment drew closer to topping the recommended offer of Elevation Partners, according to The Guardian. The computer game company said Tuesday 26.5% of Eidos shareholders has already backed its GBP76 million offer for Eidos. Aside from Merrill Lynch and Gartmore, which between them own 6.5% of Eidos, SCi also gained the support of Eidos' largest shareholder Schroders, which holds 20%. SCi is optimistic about winning more votes this week, as support for Elevation has dropped to a simple majority of 50.1%. The announcement came as SCi's Chief Executive Jane Cavanagh argued its case before an Eidos board committee, together with finance director, Rob Murphy; and Bill Ennis, sales and marketing director at SCi's south London offices. Elevation, a U.S. private equity firm backed by U2's lead vocalist Bono, is offering to buy Eidos for GBP71 million via a scheme of arrangement. It needs the backing of 75% of investors to pull off the sale. SCi's all-share offer pits against Elevation's all-cash bid. It plans to implement cost-cutting measures such as delisting Eidos from Nasdaq. Incumbent CEO Mike McGarvey would likely lose his job if SCi wins. Eidos develops interactive video and computer games such as the popular Tomb Raider series primarily for PCs and Sony PlayStation 2, but also for Nintendo GameCube, Nokia's N-Gage, and Microsoft's Xbox. Other Eidos titles include Hitman 2: Silent Assassin and TimeSplitters 2, http://www.hoovers.com says. CONTACT: EIDOS PLC Wimbledon Bridge House 1 Hartfield Road Wimbledon London United Kingdom SW19 3RU Phone: +44 20 8636 3000 Fax: +44 20 8636 3001 Web site: http://www.eidos.com SCI ENTERTAINMENT GROUP PLC 14 Ivory House Plantation Wharf London United Kingdom SW11 3TN Phone: +44 20 7350 5240 Fax: +44 20 7924 3419 Web site: http://www.sci.co.uk ELEPHANTE LIFT: Calls in Thompson Partnership as Administrator -------------------------------------------------------------- Andrew W. Thompson and Daniel P. Hennessy (IP Nos 5807, 1388) have been appointed joint administrators for Elephante Lift Technology Limited. The appointment was made March 11, 2005. The company manufactures lift and handling equipment. CONTACT: THE THOMPSON PARTNERSHIP Square Root Business Centre 102 Windmill Road Croydon Surrey CR0 2XQ Phone: 020 8665 4284 Fax: 020 8665 4201 F. CHAPMAN: Administrator from McCabe Ford Moves in --------------------------------------------------- David Jenner Cork (IP No 005522) has been appointed administrator for removal contractors F. Chapman & Sons Limited. The appointment was made March 15, 2005. Its registered office is located at Bank Chambers, 1 Central Avenue, Sittingbourne, Kent ME10 4AE. CONTACT: MCCABE FORD WILLIAMS Bank Chambers, 1 Central Avenue, Sittingbourne, Kent ME10 4AE Phone: (01795) 479111 Fax: (01795) 428810 E-mail: sittingbourne@mfw.co.uk Web site: http://www.mfw.co.uk FREEPORT HORNSEA: Liquidator from Tomlinsons Moves in ----------------------------------------------------- At the extraordinary general meeting of Freeport Hornsea Limited on March 18, 2005 held at Maybrook House, 40 Blackfriars Street, Manchester M3 2EG, the resolutions to wind up the company were passed. Alan H. Tomlinson of Tomlinsons, St John's Court, 72 Gartside Street, Manchester M3 3EL has been appointed liquidator of the company. CONTACT: TOMLINSONS St John's Court, 72 Gartside Street, Manchester M3 3EL Phone: 0870 60 70 170 Fax: 0870 60 70 180 E-mail: advice@tomlinsons.co.uk Web site: http://www.tomlinsons.co.uk GASKELL FLOORING: Calls in Kroll Limited Administrator ------------------------------------------------------ Name of companies: GASKELL FLOORING LIMITED GASKELL LOGISTICS LIMITED GASKELL LOGISTICS (NORTHERN) LIMITED GASKELL PLC C. P. Holder and S. C. E. Mackellar (IP Nos 9093, 6883) have been appointed administrators for these companies. The appointment was made March 18, 2005. These companies are into road transport, offer other business services and manufactures textile and clothing. CONTACT: KROLL LIMITED Wellington Plaza, 31 Wellington Street, Leeds LS1 4DL Web site: http://www.krollworldwide.com GLOW COMMUNICATIONS: Suspends Cancellation of AIM Admission ----------------------------------------------------------- It was announced on 7 February 2005 that Glow Communications plc was expected to apply for the cancellation of its AIM admission with effect from 10 March 2005. An application has since been made to Court by certain creditors to stay the appointment of a Liquidator and challenging the rights of certain creditors to vote, who had previously voted for the company to proceed into Liquidation rather than allowing an opportunity for Company Voluntary Arrangement proposals to be made to creditors and shareholders. Pending the outcome of the Court action, the Company has not sought cancellation of its AIM admission and will only seek cancellation if it proceeds into liquidation. In any event, should the Company's securities remain suspended until 28 April 2005, being the date six months after the shares were suspended on 28 October 2004, the Company's AIM admission will automatically terminate. GOLD FIELDS: Appoints KPMG Liquidator ------------------------------------- At the extraordinary general meeting of Gold Fields Resources Limited on March 11, 2005 held at 8 Salisbury Square, London EC4Y 8BB, the special and ordinary resolutions to wind up the company were passed. Jeremy Simon Spratt and James Robert Tucker of KPMG LLP, 8 Salisbury Square, London EC4Y 8BB have been appointed joint liquidators of the company. CONTACT: KPMG LLP PO Box 695, 8 Salisbury Square, London EC4Y 8BB Phone: (020) 7311 1000 Fax: (020) 7311 3311 Web site: http://www.kpmg.co.uk HORTA LIMITED: Appoints Liquidator from Deloitte & Touche --------------------------------------------------------- At the extraordinary general meeting of Horta Limited on March 11, 2005, the special and ordinary resolutions to wind up the company were passed. Aileen Jane Crooks and Andrew Philip Peters of Deloitte & Touche LLP, Leda House, Station Road, Cambridge CB1 2RN have been appointed joint liquidators of the company. CONTACT: DELOITTE & TOUCHE LLP Leda House Station Road Cambridge Cambridgeshire CB1 2RN Phone: 01223 460222 Fax: 01223 350839 E-mail: ajcrooks@deloitte.co.uk ITCHY EYE: Appoints Tomlinsons Liquidator ----------------------------------------- At the extraordinary general meeting of Itchy Eye Limited on March 18, 2005 held at 26 Dartmouth Park Avenue, London NW5 1JN, the resolutions to wind up the company were passed. Alan H. Tomlinson of Tomlinsons, St John's Court, 72 Gartside Street, Manchester M3 3EL has been appointed liquidator of the company. CONTACT: TOMLINSONS St John's Court, 72 Gartside Street, Manchester M3 3EL Phone: 0870 60 70 170 Fax: 0870 60 70 180 E-mail: advice@tomlinsons.co.uk Web site: http://www.tomlinsons.co.uk JARVIS PLC: Secures Additional Short-term Financing --------------------------------------------------- Jarvis plc has signed agreements with its existing lending group for GBP17 million of additional short term financing to meet greater than anticipated working capital requirements, and modified the terms of its existing facilities to add an effective 1% per month payment in kind (non-cash) coupon. This is part of a defined program of working with the Group's lenders regarding a probable further short-term working capital requirement, and to achieve the Board's previously stated objective of restructuring its funding and capital base. The lenders have been supportive of this process. The restructuring is likely to include a debt to equity conversion. Jarvis has now broadly completed the group's main cost reduction program, which strengthens the prospects for the Group's core businesses. Alan Lovell, Chief Executive of Jarvis plc, said: "These agreements are positive steps which demonstrate the ongoing support of our lending group." CONTACT: JARVIS PLC Alan Lovell Phone: 020 7017 8294 JARVIS PLC: Shares Drop on News of GBP17 Million Extra Debt ----------------------------------------------------------- Jarvis shares dropped 29 percent at one point Tuesday following news of the group taking in an extra GBP17 million of emergency debt. Shares lost 20% at 13.75p after chief executive Alan Lovell confirmed Jarvis was back to its bankers for additional funding to stay alive. Mr. Lovell explained the support services company had "working capital issues . . . the vast majority of which are purely timing." Jarvis, which has already been struggling with a GBP280 million debt mountain, would have to pay back more interest adding up to GBP3 million to its burden. A rights issue and third party investment as well as a debt-for- equity swap, which would dilute the value of existing shareholdings, have been considered as solution to the company's financial woes. "Some shareholders have expressed an interest in investing again," Mr. Lovell said. "We are also considering bringing in a strategic investor as part of this plan." "The lender group has been supportive - not only in supplying the cash for working capital but in working on restructuring the balance sheet," he added. Bankers Barclays and the Royal Bank of Scotland agreed to the extra financing just two months after they rescued the firm from the brink of collapse by extending banking facilities for 12 months. Before that, Jarvis had already dropped 14 outstanding construction projects, handing some of its hospital and schools PFI projects to third parties. It had also sold its stake in Tube Lines to its partner Amey for GBP147 million to add to a then o30m cost-cutting exercise. The measure included the closure of its City offices, and an earlier GBP23 million economy drive for the summer. Since being linked to the Potters Bar rail crash three years ago, the firm found it difficult to renew and win contracts. It also suffered from rapid expansion into PFI, which led to the exit of its finance director, Alistair Rae, and its public relations boss, Jonathan Haslam. CONTACT: JARVIS PLC 24 Britton St. London EC1M 5UA United Kingdom Phone: +44-20-7017-8000 Fax: +44-20-7017-0083 Web site: http://www.jarvisplc.com KENJEFF LIMITED: Calls in PricewaterhouseCoopers Liquidator ----------------------------------------------------------- At the meeting of Kenjeff Limited on March 14, 2005, the special and ordinary resolutions to wind up the company were passed. Tim Walsh and Richard Setchim of PricewaterhouseCoopers LLP, Cornwall Court, 19 Cornwall Street, Birmingham B3 2DT have been appointed joint liquidators of the company. CONTACT: PRICEWATERHOUSECOOPERS LLP Cornwall Court, 19 Cornwall Street, Birmingham B3 2DT Phone: [44] (121) 200 3000 Fax: [44] (121) 200 2464 Web site: http://www.pwc.com MG ROVER: Cabinet Intent on Clinching Chinese Deal -------------------------------------------------- The government is keen on saving crucial talks between MG Rover and Shanghai Automotive Industrial Corporation in the run-up to the general elections in May, according to The Guardian. A spokesman for Patricia Hewitt, the trade and industry secretary, said: "We are doing everything we can to ensure the partnership goes ahead." Under the plan, the Chinese company would invest in MG Rover to refresh the British firm's outdated models. Reports say SAIC is ready to pour in up to GBP130 million, though an agreement is yet to be reached. In return, SAIC will gain ownership rights to MG Rover's more advanced technology. The Chinese are keen to build up their own car industry and explore overseas markets. But up until nine months after they announced their cooperation plan, doubts still linger talks could fall through despite heavy political backing. Chancellor Gordon Brown visited China for such purpose last month. According to the report, SAIC is keen on identifying precisely the financial liabilities involved in the venture. MG Rover insists the deal remains on track despite the complexity and length of the process. MG Rover is the last volume car manufacturer in Great Britain. It now only employs just over 6,000, but its Longbridge plant remains a national icon and a major employer in the region. Keeping these jobs may also prove pivotal in the Labour Party's bid to remain in power. At present, Labour controls a marginal but key number of seats in the region. Whitehall sources say the government may make an announcement later this week. MILLER HAMILTON: Liquidator Takes over Operations ------------------------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF Miller Hamilton (Builders and Civil Engineers) Limited Notice is hereby given that on March 11, 2005, I, Anne Buchanan, PKF, 78 Carlton Place, Glasgow G5 9TH was appointed liquidator of Miller Hamilton (Builders and Civil Engineers) Limited, which registered office is located at Duncarron Industrial Estate, Broad Street, Denny, Stirlingshire. Anne Buchanan, Liquidator CONTACT: PKF 78 Carlton Place Glasgow G5 9TH Phone: 0141 4295900 Fax: 0141 4295901 E-mail: info.glasgow@uk.pkf.com Web site: http://www.pkf.co.uk Anne Buchanan E-mail: anne.buchanan@uk.pkf.com Phone: 0141 418 1119 Fax: 0141 429 1210 POINTCHOICE LIMITED: Members Decide to Wind up Firm --------------------------------------------------- At the extraordinary general meeting of the members of Pointchoice Limited on March 15, 2005 held at 33 Holborn, London EC1N 2HT, the special and extraordinary resolutions to wind up the company were passed. Robin H. Davis of Lane Heywood Davis, Anchor Brewhouse, 50 Shad Thames, Tower Bridge City, Tower Bridge, London SE1 2YB has been appointed liquidator of the company. CONTACT: LANE HEYWOOD DAVIS Anchor Brewhouse 50 Shad Thames Tower Bridge City Tower Bridge London SE1 2YB Phone: 020 7403 4403 Fax: 020 7357 6357 E-mail: robin@laneheywooddavis.co.uk PYRAMID CHEMIST: Members Call in Liquidator from Lane Heywood ------------------------------------------------------------- At the extraordinary general meeting of the members of Pyramid Chemist Limited on March 15, 2005 held at 33 Holborn, London EC1N 2HT, the special and extraordinary resolutions to wind up the company were passed. Robin H. Davis of Lane Heywood Davis, Anchor Brewhouse, 50 Shad Thames, Tower Bridge City, Tower Bridge, London SE1 2YB has been appointed liquidator of the company. CONTACT: LANE HEYWOOD DAVIS Anchor Brewhouse 50 Shad Thames Tower Bridge City Tower Bridge London SE1 2YB Phone: 020 7403 4403 Fax: 020 7357 6357 E-mail: robin@laneheywooddavis.co.uk RIVERBANK LEASING: Appoints Ernst & Young Liquidator ---------------------------------------------------- At the general meeting of Riverbank Leasing 2 Limited (formerly Enskilda Leasing (2004) Limited), the special resolutions to wind up the company were passed. Elizabeth Anne Bingham and Michael David Rollings of Ernst & Young LLP, 1 More London Place, London SE1 2AF have been appointed liquidators of the company. CONTACT: ERNST & YOUNG LLP 1 More London Place London SE1 2AF Phone: +44 [0] 20 7951 2000 Fax: +44 [0] 20 7951 1345 Web site: http://www.ey.com R.J.W 100: Names Joint Administrators from Thompson Partnership --------------------------------------------------------------- Andrew W. Thompson (IP No 5807) and Daniel P. Hennessy (IP Nos 5807, 1388) have been appointed joint administrators for R.J.W 100 Limited. The appointment was made Feb. 18, 2005. The shop sells footwear and leather goods. CONTACT: THE THOMPSON PARTNERSHIP Square Root Business Centre 102 Windmill Road Croydon Surrey CR0 2XQ Phone: 020 8665 4284 Fax: 020 8665 4201 STODDARD INTERNATIONAL: Creditors to Meet Today ----------------------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF Stoddard International Plc (In Receivership) Notice is hereby given pursuant to section 67(2) of the Insolvency Act 1986 that a Meeting of the Creditors of Stoddard International Plc will be held at Park Hotel, Rugby Park, Kilmarnock KA1 2DP, on March 31, 2005, at 10:30 a.m. for the purpose of having laid before it the Joint Receivers' Report. Pursuant to section 68(1) of the said Act, the Meeting may, if it thinks fit, establish a Creditors' Committee to exercise the functions conferred on Creditors' Committees by or under the Act. Creditors are entitled to attend in person or alternatively by proxy. A Creditor may vote only if his claim has been submitted to me and that claim has been accepted in whole or in part. A Resolution will be passed only if a majority of those voting in person or by proxy vote in favor. Proxies and claims must be lodged with me at or before the Meeting. C. P. Dempster and T. M. Burton, Joint Receivers March 11, 2005 CONTACT: ERNST & YOUNG LLP George House 50 George Square Glasgow G2 1RR Phone: +44 [0] 141 626 5000 Fax: +44 [0] 141 626 5001 Web site: http://www.ey.com Thomas Merchant Burton E-mail: tburton@uk.ey.com Phone: 0141 626 5000 Fax: 0141 626 5003 C. P. Dempster E-mail: cdempster@uk.ey.com Phone: 020 7438 3000 Fax: 020 7438 3771 TNG TELCOM: Liquidation Report Out May -------------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF TNG Telcom Limited (In Liquidation) Notice is hereby given, pursuant to section 106 of the Insolvency Act 1986, that a final meeting of the members and creditors of TNG Telcom Limited will be held within the offices of James Macintyre & Co., Chartered Accountants, Dundas Business Centre, 38/40 New City Road, Glasgow G4 9JT on May 3, 2005 at 11:30 a.m. and 12:00 noon respectively for the purpose of showing how the winding-up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the Liquidator, and also of determining the manner in which the books, accounts and documents of the company and of the Liquidator shall be disposed of. All members and creditors, whose claims have been accepted, are entitled to attend in person or by Proxy, and a resolution will be passed by a majority of those voting in favor of it. Attendance at these meeting is not mandatory; and, to be valid for voting purposes the form of proxy must be lodged with me at Dundas Business Centre, 38/40 New City Road, Glasgow G4 9JT at or before the meeting at which it is to be used. J. D. C. Macintyre, Liquidator March 11, 2005 CONTACT: JAMES MACINTYRE & CO. Dundas Business Centre 38/40 New City Road Glasgow G4 9JT James David Cockburn Macintyre E-mail: enquiries@jamesmacintyre.co.uk Phone: 0141 353 0449 Fax: 0141 353 2332 UK COAL: Appoints Financial Adviser ----------------------------------- The Board of U.K. Coal plc appointed with immediate effect Dresdner Kleinwort Wasserstein Limited as financial adviser and corporate broker to the Company. * * * Early in the month, U.K. Coal reported on its preliminary audited results for the year ended December 31, 2004 operating loss from continuing operations before exceptional of GBP28.7 million (2003: Loss GBP1.8 million). Loss before tax was GBP51.6 million (2003: Loss GBP1.2 million). Its chairman said: "2004 has proved to be a difficult year for our deep mines, which suffered from geological problems, industrial action and poor operational performance. The results have been disappointing." "Following the losses and cash outflow in 2004, and after taking into consideration future plans, the Board has concluded that it is in the best interests of shareholders to pay a reduced dividend, retaining cash within the business." CONTACT: GAVIN ANDERSON & COMPANY Ken Cronin Phone: 020 7554 1400 YORK PLACE: Liquidator to Present Report Mid-April -------------------------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF York Place (No. 261) Limited Notice is hereby given, pursuant to section 94 of the Insolvency Act 1986, that a Final General Meeting of the Members of York Place (No. 261) Limited will be held on April 15, 2005, at KPMG LLP, 8 Salisbury Square, London EC4Y 8BB, for the purposes of receiving an account showing the manner in which the winding-up has been conducted and the property of the Company disposed of, and of hearing any explanation which may be given by the Joint Liquidators. Proxy forms, if applicable, must be lodged at KPMG LLP, Corporate Recovery, 8 Salisbury Square, London EC4Y 8BB or through fax, +44 (0) 20 7694 3533, not later than April 14, 2005, 12:00 noon. Stephen Treharne, Joint Liquidator March 9, 2005 CONTACT: KPMG LLP 8 Salisbury Square London EC4Y 8BB Phone: (020) 7311 1000 Fax: (020) 7311 3311 Web site: http://www.kpmg.co.uk Stephen Treharne E-mail: steve.treharne@kpmg.co.uk Phone: 020 7311 1000 Fax: 020 7311 3607 ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter -- Europe is a daily newsletter co- published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland USA. Larri-Nil Veloso, Ma. Cristina Canson, Liv Arcipe, Julybien Atadero and Jay Malaga, Editors. Copyright 2005. All rights reserved. ISSN 1529-2754. 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