Parking operator NCP collapses and places 700 jobs at risk
Motorists across the UK are being warned of hundreds of car parks that close down in response to parking operator NCP going into administration.
NCP has appointed administrators from consultancy firm PricewaterhouseCoopers (PwC) to oversee the future of the business.
It announced that it would undertake an assessment of the options for the business, which could include site closures.
NCP, which is owned by Japanese firm Park24, currently employs around 681 people and manages 340 car parks around the UK.
In recent years, NCP has struggled with low parking demand, changes in commuting behaviour and long-term, inflexible leases, resulting in “insufficient cash”.
PwC stated that a sale of all or part of the business would be explored as “one of the options to secure the best outcome for creditors”.
Zelf Hussain, Joint Administrator and PwC partner, said: “NCP has faced a challenging trading environment over several years, with changing consumer behaviours impacting volumes, and a high fixed cost-base leading to trading losses.”
He added that all sites around the UK would remain open while PwC undertakes a “detailed review of the business”.
NCP has entered administration after mounting losses from its car parks
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GETTYNCP car parks at risk of closing
Belfast
- Montgomery Street
- The Tannery
- Gloucester Street
- Dublin Road
- Charlotte Street
- Seymour Row
- Cromac Quay
- Lanyon Terrace
- Hardcastle Street
Kent
- Maidstone, Manor Road
- Gillingham, Trafalgar Street
- Ashford, Country Square
- Maidstone Central
- Folkestone Bouverie Place
- Bexleyheath Royal Oak Road
- NCP Folkestone West Cliff Gardens
Scarborough
Wakefield
Wolverhampton
Hove
Worthing
Coventry
Cardiff
- Knox Road
- Dumfries Place
- Greyfriars
- Rapports
- Pellett Street
- Westgate Street
- Adam Street
- Park Place
- The Friary
- Cardiff Stadium
Newport
- High Street
- North Street
- St Paul’s
- North Street
Swansea
- Orchard Street
- Kingsway
- The City Gates
- Northampton Lane
- Jockey Street
- Orchard Street
London
- Bloomsbury Square
- Brunswick Square
- Knightsbridge
- Finsbury Square
- King’s Cross St Pancras
- Harley Street
- London Bridge
- Marylebone Road
- Richmond Station
- Saffron Hill
- Vintry Thames Exchange
- Whitechapel High St
- Covent Garden
- Soho Brewer Street
- Vintry Thames
- Thomas Moore Square
- Seldon
- Richmond
- Southwark Glasshill Street
- Barbican
- North Ealing Queens Parade
Brighton
- Theatre
- Centre Russell Road
- Phoenix Place
- Churchill 1
- High Street
- The Dome
NCP locations will not immediately be affected by any changes, despite appointing administrators | PA
Consultancy firm PwC will act as administrators for the struggling parking firm | PAYork
- Tanner Row
- York Station South
- Piccadilly
- Toft Green
Sheffield
- Wellington Street
- Sidney Street
- Central
- Campo Lane
- Furnival Gate
- Blonk Street
- Eyre Street
- Fitzwilliam Street
- Solly Street
- Bowden Street
Bradford
Bolton
- Deane Road
- St Edmund Street
- Central Street
- Ashburner Street
- Blackhorse Street
- Dawes Street
- King Street
- Topp Way
- The Octagon Theatre
- Back Cheapside
- Upper Bark Street
- Chorley Street
Sunderland
Salford
Leeds
- The Markets
- The Core
- Bedford Street
- Wellington Place
- Lovell Park Hill
- Water Lane
Doncaster
- Central
- East Laith Gate
- Odeon
Portsmouth
- Dugald Drummond Street
- Kipling Road
Southampton
Edinburgh
- Castle Terrace
- Grindlay Street Court
- Holyrood Court
- Bread Street Lane
- St James’ Place
Glasgow
- King Street
- Mitchell Street
- Central Station
- The Glasshouse
- Glasgow Airport Car Park 2
- Glasgow Airport Concourse
- Glasgow Airport Holiday Inn Express
- Glasgow Airport Pick Up and Drop Off
- Laidlaw Street
- Prestwick Mid and Long Stay
- Glasgow Airport Long Stay
- Glasgow Airport Short Stay
- George Street
- Ingram Street
- Kingston Street
- Laidlaw Street 2
- Baillieston Main Street
Dundee
- Willison Street
- Bank Street
- North Lindsay Street
- Candle Lane
- Wallace Street
- Marketgait
Aberdeen
- Shiprow
- Ruby Lane
- Crown Lane
