SBL Midco Limited (11189906): administration
- Status
- Administration ended
- Administration began
- 2025-04-22
- Administrators
- Asher Miller, Stephen Mark Katz
- Administrators' firm
- Begbies Traynor
- Formerly
- The Wave Group (Midco) Limited
- Incorporated
- 2018-02-06
- Location
- London
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The Company is the immediate parent of Surf Bristol Limited (“SBL”), the operator of “The Wave" surf park in Bristol.
Opened in 2019, The Wave was the first inland surf park of its kind in the UK, utilising cutting edge wavegeneration technology within a 200m x 180m specially constructed surfing lake with capacity to accommodate up to 80 surfers of varying abilities at any one time. The Wave receives circa 200k visitors per year, and, in addition to the surfing lake, has a clubhouse providing food and beverage offerings, accommodation allowing for overnight stays, a retail store selling a range of branded apparel and a children’s play area.
In addition to SBL, the Company has two further wholly owned subsidiaries, Wavescapes Limited (“WL”) and The Wave Productions Limited (“TWPL"). WL is an entity holding much of the IPR associated with The Wave including the brand and website domains. WL also provides a software licencing and consultancy service to one external surf park client based in Australia. TWPL owns certain digital media content and has minimal trading activity.
Administrators' statement of proposals (2025-05-28) · Companies House register