NCP, the UK’s oldest and largest private car park operator, has entered administration putting 340 car parks and around 700 jobs at risk of closure. The firm, owned by Japanese company Park24 since 2017, has a creditors’ meeting scheduled for 20 May.
Car park giant NCP has tumbled into administration, placing 340 car parks in jeopardy of shutting down. The firm is on the verge of going under, with a creditors’ meeting set for Wednesday, May 20.
NCP runs more than 300 car parks throughout the UK, some under lease and others under direct management.
The company has a workforce of roughly 700 people. PricewaterhouseCoopers are handling the administration proceedings, according to the Gazette. NCP was bought by Japanese company Park24 in 2017, having previously been offloaded by Macquarie European Infrastructure Fund, reports the Mirror.
Park24 oversees more than 19,000 locations across eight nations. NCP is Britain’s oldest and largest private car park operator, with its origins deeply rooted in the reshaping of post-war city environments.
The groundwork for the modern enterprise was established in 1948, having initially been incorporated in 1931 by Colonel Frederick Lucas. It started with the transformation of a single bomb-damaged site in Holborn, London, for £200, before Sir Ronald Hobson and Sir Donald Gosling bought NCP from Lucas’s widow and embraced the “National” branding to signal their vision for countrywide growth in 1959.
The business grew swiftly during the 1960s and 1970s, establishing itself as a leading player in the construction of concrete multi-storey car parks that became synonymous with British urban centres. The most recent update verifies that the outstanding pre-administration expenses outlined in Appendix C of the Administrators’ proposals dated 1 May 2026 have been authorised for settlement as administration costs.
The documentation identifies Zelf Hussain, Rachael Maria Wilkinson and Mark James Tobias Banfield as the designated administrators.
Ensure our latest stories always appear at the top of your Google Search by making us a Preferred Source. Click here to activate or add us as your Preferred Source in your Google search settings.


You must be logged in to post a comment Login