Full Breakdown
Martin Group Takes Over NCP Car Parks After Administration
By Drooid · · How we work
Core Event: Acquisition of NCP by Martin Group
A Londonderry-based firm, the Martin Group, has acquired the majority of the former NCP car-park portfolio following NCP’s entry into administration. Administrators PwC will transfer most of NCP’s 145 sites—over 100 locations—to the Martin Group, along with the staff employed at those sites.
Background & Context: NCP’s Decline and Administration
NCP collapsed in March 2026 after a prolonged period of falling performance left it unable to meet its debt obligations. The company’s difficulties were rooted in long-term lease commitments with property owners and a buildup of substantial debt. During the administration process, some sites were closed or reassigned to other operators before the bulk transfer to Martin Group was arranged.
Key Figures & Groups
- Martin Group – Londonderry-based car-park operator expanding its commercial property holdings.
- Gary Martin – Director of Martin Property Group, overseeing the acquisition.
- Rob England – Chief executive of NCP, commenting on the transition.
- PwC – Administration firm handling NCP’s insolvency.
- Zelf Hussain – Joint administrator and partner at PwC.
Official Statements & Responses
PwC’s joint administrator Zelf Hussain said the deal safeguards hundreds of jobs and offers the best outcome for creditors, while also keeping Britain’s town and city centres moving. Gary Martin emphasized the intention to rebuild the NCP brand’s strength and heritage to benefit the communities it serves. Rob England described the acquisition day as “fantastic” for NCP, noting that difficult decisions were necessary to keep the business operating and expressing gratitude to employees, customers, and suppliers.
Impact and Outlook
The transfer secures employment for a large portion of NCP’s workforce and preserves a well-known parking brand. The Martin Group, already active in commercial real estate—including the Fishergate Shopping Centre in Preston, the Mercury Shopping Centre in Romford, and recent hotel projects in Belfast and Derry—plans to leverage the NCP brand to restore operational momentum and pursue long-term growth. The acquisition positions the Martin Group as one of the UK’s largest car-park operators, potentially reshaping the sector’s competitive landscape.