Car park firm NCP falls into administration, putting nearly 700 jobs at risk

The Guardian - World NewsEN 2 min read 100% complete by Julia KolleweMarch 16, 2026 at 07:01 PM

AI Summary

medium article 2 min

National Car Parks (NCP), the UK's largest car park operator, has entered administration, putting 682 jobs at risk. PwC has been appointed as administrators after NCP, owned by Japan's Park24, faced financial difficulties due to a slow recovery from the pandemic, shifts in commuting patterns, high inflation, and inflexible leases. The company manages 340 car parks across the UK, including in major towns, city centers, airports, and hospitals. PwC will stabilize the business while exploring options, including a potential sale, and all car parks will remain open for now. The administrators will review the viability of each location, which could lead to site closures.

Key Entities & Roles

Key Player Opposition Context

Tokyo 40% Zelf Hussain 60% COVID-19 pandemic ×260% United Kingdom ×270% Park24 ×270% PwC ×480% National Car Parks ×590%

Keywords

car park operator 90% administration 90% job losses 80% financial difficulties 70% covid-19 pandemic 60% rent payments 60% sale of business 50% operating costs 50% commuting patterns 40%