Overview

• The Wave suddenly closed on June 26 with its website going offline and all surf bookings canceled without prior warning.
• Administrators from Begbies Traynor Group took control in April and a May report highlighted the park’s struggle to service around £15 million in construction loans.
• Owners attribute the collapse to the bankruptcy of a director at funding partner JAR Wave, which triggered the facility’s financial unraveling.
• Founder Nick Hounsfield resigned as a director in April as the operating company was reorganized and rebranded to SBL Midco.
• Since opening in 2019, the inland surfing lake drew over 400,000 visitors and locals have expressed disappointment as they await confirmation of the park’s reopening.