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Car park firm NCP collapse with 700 jobs at risk
NCP, one of the UK’s largest parking operators, faces insolvency due to post-pandemic demand drop and inflexible leases, risking 682 jobs and closure of some sites, PwC said.
- On Monday, March 16, 2026, National Car Parks filed a Notice of Intention to appoint administrators, placing 682 jobs at risk across its 340 car parks nationwide.
- Persistent post-pandemic demand declines and inflexible long-term leases weakened NCP's finances, as commuting patterns shifted and occupancy failed to recover to pre-Covid-19 levels, particularly in city-centre locations.
- PricewaterhouseCoopers partners Zelf Hussain, Rachael Wilkinson, and Toby Banfield were appointed joint administrators, confirming "all sites are open, staff remain in post, and trading continues as normal."
- Administrators will evaluate each location's viability, considering site closures as one option while exploring a potential sale of all or part of NCP to secure creditor recoveries.
- The 95-year-old company, owned by Japanese firm Park24 since 2017, entered administration after sustaining trading losses and lacking sufficient cash to meet its financial obligations.
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52 Articles
52 Articles
·London, United Kingdom
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Wiltshire Times+2 Reposted by 2 other sources
Major car park firm with sites in Wiltshire collapses into administration
A major car park operator with sites in Wiltshire has collapsed into administration.
·Trowbridge, United Kingdom
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Total News Sources52
Leaning Left9Leaning Right6Center29Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 20%
C 66%
14%
Factuality
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