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NCP Enters Administration with 20 Sites Scheduled to Close and 33 Jobs Lost
NCP closed 20 sites and made 33 staff redundant due to financial pressures including a 7.15% drop in turnover, while 318 sites continue operating under PwC administration.
- National Car Parks Limited entered administration on Monday, March 16, with joint administrators from PwC identifying 22 sites as "no longer commercially viable to operate." These locations will close at 11:59pm on Friday, March 27.
- A post-Covid slump in parking demand never fully recovered, compounded by the rise in flexible working. Bosses cited "insufficient cash available to meet its financial obligations" as the reason for appointing administrators.
- While the company manages 340 sites across the UK, 318 other sites will remain open. The firm employs 682 people, but 33 employees will be made redundant on March 31.
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29 Articles
29 Articles
The Herald Scotland+2 Reposted by 2 other sources
UK's biggest car park firm collapses with 22 sites set to shut
The UK's biggest private car park operator has collapsed into administration after 95 years.
·Scotland, United Kingdom
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Worcester News+12 Reposted by 12 other sources
National Car Parks (NCP) confirms over 20 car parks will close for good
National Car Parks (NCP) has confirmed that over 20 of its car parks will close for good.
·Worcester, United Kingdom
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Coverage Details
Total News Sources29
Leaning Left2Leaning Right4Center17Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
C 74%
R 17%
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