{"id":479046,"date":"2026-03-16T19:02:08","date_gmt":"2026-03-16T19:02:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/479046\/"},"modified":"2026-03-16T19:02:08","modified_gmt":"2026-03-16T19:02:08","slug":"car-park-firm-ncp-collapses-with-nearly-700-jobs-at-risk","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/479046\/","title":{"rendered":"Car park firm NCP collapses with nearly 700 jobs at risk"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;We will be engaging with landlords, employees, and other stakeholders as we explore all options.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">NCP was founded in 1931 and is one of the biggest car park operators in the UK. It runs 340 car parks across the country, including in airports, hospitals and train stations.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The firm&#8217;s debts were \u00a3305m greater than the value of its assets, as of 30 September last year, <a href=\"https:\/\/www.park24.co.jp\/news\/files\/E-20260316_Admin.pdf\" class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" rel=\"nofollow noopener\" target=\"_blank\">according to a filing from its parent company, external<\/a>.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Among the options to secure NCP&#8217;s future is to sell some or all of the company.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">PwC said NCP had a &#8220;high concentration&#8221; of inflexible leases that prevented it from reducing costs or scrapping unprofitable car parks.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Zelf Hussain, joint administrator and PwC partner, said the company had faced &#8220;a challenging trading environment&#8221; in recent years.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Our priority on appointment is to ensure continuity of service while we undertake a detailed review of the business.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"&#8220;We will be engaging with landlords, employees, and other stakeholders as we explore all options.&#8221; NCP was founded&hellip;\n","protected":false},"author":2,"featured_media":479047,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,50,51,47,52,48],"class_list":["post-479046","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/479046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=479046"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/479046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/479047"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=479046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=479046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=479046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}