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With many promoters still believed to be out of pocket, Wave 365 Media Ltd has been dissolved and struck off the UK's register of companies
By Jon Chapple on 14 Jan 2019
Wave 365 Media, the mysterious company behind Phil Rudd’s ill-fated Head Job European tour, has been dissolved with assets of just £14 after failing to file its annual accounts.
Wave 365 Media, led by chairman/president Alan Bellman, agreed a 360 deal with the former AC/DC drummer in late 2016, with a run of UK and European dates for his Phil Rudd Band planned for the following year.
After playing around 30 European shows in early 2017, a run of UK dates, initially scheduled for May 2017, were pushed back to September and then failed to materialise altogether, with Bellman pulling the plug owing to “key technical and logistical issues”, according to Rudd’s agent, Ian Smith.
Another run of European shows was then announced for May and June 2018; these, too, were cancelled, with the blame again pinned on “unforeseen technical and logistical issues”.
Promoters in the UK, Italy, Germany, Croatia, Spain and elsewhere told IQ last year they are each awaiting the return of at least €5,000 for shows which didn’t go ahead, with Wave 365 having held onto their deposits after pulling the plug on the tour.
The dissolution of Wave 365 Media Ltd sees all assets deemed bona vacantia
The dissolution of Wave 365 Media Ltd, announced in the London Gazette, sees all assets, including property owned by the company, deemed bona vacantia (‘vacant goods’) and declared property of the British Crown. According to DueDil, Wave 365 Media Ltd had liabilities of nearly £5,000 and assets of just £14.
Another Wave 365 company, Wave 365 Media (UK) Ltd, of which Bellman is a director (the sole director for Wave 365 Media Ltd is a Renato Volker, though the two companies share a business address), is similarly facing strike-off action for non-filing of accounts. It has current assets of £1,300 and fixed assets of £2,700, and liabilities of £3,900.
A third, Wave 365 Media Productions Ltd, was incorporated in February 2018, again with Bellman as the sole director.
It is unclear which, if any, of the promoters, had been refunded their deposits at the time of the dissolution. Bellman did not return a request for comment.
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