Overview

• On June 28, a consortium completed a refinancing-backed takeover of The Wave Group Ltd and pledged to repay all creditors in full within seven days.
• Julian Topam has been named CEO to lead the facility’s revival after a career spanning surf events and sustainability ventures.
• The Wave closed suddenly on June 26 after its operating company entered administration following the bankruptcy of a funding partner’s director.
• Leadership has assured staff and customers that waves will resume soon and that updates will follow as transition work continues.
• Since its 2019 launch, the £25 million inland surfing lake has attracted over 400,000 visitors to its 26 million-litre, solar-powered wave pool.