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National Car Parks Enters Administration, 682 Jobs at Risk

3/17/2026

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Summary

Story summary

National Car Parks (NCP) has entered administration, jeopardizing 682 jobs across 340 UK locations.
PwC has been appointed as administrators to explore options for a potential sale while keeping all car parks operational for now.
NCP's debts total £352.6 million, driven by high operating costs and inflexible long-term leases.
The firm notes a significant drop in parking demand since the Covid pandemic, especially in city centers, contributing to ongoing losses.

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Story summary

National Car Parks (NCP) has entered administration, jeopardizing 682 jobs across 340 UK locations.
PwC has been appointed as administrators to explore options for a potential sale while keeping all car parks operational for now.
NCP's debts total £352.6 million, driven by high operating costs and inflexible long-term leases.
The firm notes a significant drop in parking demand since the Covid pandemic, especially in city centers, contributing to ongoing losses.