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Car park firm NCP collapse with 700 jobs at risk
NCP entered administration due to post-Covid demand drop and costly leases, risking closure of some sites and about 700 jobs, PwC administrators 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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Total News Sources82
Leaning Left11Leaning Right6Center47Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
L 17%
C 74%
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