Parking giant NCP confirms nationwide closure of 29 popular car parks - full list

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Parking giant NCP confirms nationwide closure of 29 popular car parks - full list.

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Car parks across the country have been closed after the UK's largest parking operator announced that it was entering administration.National Car Parks (NCP) appointed administrators in mid-March after poor financial results and a shift in commuting, driving and parking patterns following the pandemic.Consultancy firm PricewaterhouseCoopers (PwC) were brought in to oversee the management of the business as it closed sites across the UK.Prior to entering administration, NCP, which is owned by Japanese company Park24, operated 340 sites and employed almost 700 people.

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TRENDING Stories Videos Your Say It confirmed that it would be closing 20 car parks on March 27, given that they were "commercially unviable", while no further sites were being identified for closure at that time.PwC cited financial difficulties as the main reason behind exiting loss-making sites, adding that NCP had "insufficient cash available to meet its financial obligations", prompting the decision to appoint...

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