ASR, the New Zealand-based compnay that build Europe first artificial surf reef in Boscombe has ceased trading. The reef which cost over £3 million has been out of action since May last year, after it was damaged by a boat propeller. ASR had been due to carry out repairs in May.
Bournemouth Borough Council claims the reef "has been a fantastic success".
The authority said news of ASR's liquidation will not affect its plans to repair the reef.
The reef, made of 55 giant sand bags 740ft out at sea, opened in 2009 after long delays and running over budget.
Director for tourism Mark Smith said: "The nature of the repairs necessary do not require the specialist skills that ASR had.
"It's been made clear no additional taxpayers' money will be spent enhancing the reef's performance for surfing and that position remains unchanged."
"We are delighted with the regeneration given to an area. It's become, in fact, the model that people want to see applied to the rest of Bournemouth seafront."
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