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Car park giant NCP on brink of administration
National Car Parks (NCP), Britain's largest private car park operator, is on the brink of administration after filing a notice of intention to appoint administrators for its UK business. The company, which operates around 300 car parks and employs approximately 700 people, submitted the notice on 16 March 2026 - a step that typically signals administration will follow within days unless a rescue deal is struck.

Owned since 2017 by Japan's Park24 and the Development Bank of Japan, NCP has struggled with a sharp drop in city-centre parking demand following the COVID-19 pandemic, from which usage has never fully recovered. Compounding this, the company has faced rising energy costs linked to the war in Ukraine, persistent inflation, and rent increases at many of its sites. After exploring financing options including asset disposals, NCP's board concluded administration was the only viable path forward.

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