Joint administrators from PwC UK have completed a sale of the business and assets of National Car Parks Limited (NCP) to NCP UK Trade Co Limited, part of the Martin Property Group. The sale includes the transfer of the NCP brand, the majority of NCP car parks and staff. The joint administrators will continue to work with the purchaser over the coming months to ensure the smooth transition of operations for each site.
NCP, one of the UK’s largest car park operators, entered administration on 16 March 2026 after declining performance over a sustained period left it with insufficient funding to meet its financial obligations. Following a review of the viability of the sites, a number were closed or agreements were reached that saw them transferred to other operators.
The administrators continued to trade the business, exploring opportunities for a sale that would represent the best outcome for creditors while securing the future of the business and protecting as many jobs as possible.
At the point of transaction, NCP continues to operate 145 car parks across the UK and employs 276 staff, the majority of which will transfer to the buyer. The administrators will work with the buyer and other parties over the coming months to either complete the transfer of the remaining sites or hand them back to landlords.
Zelf Hussain, joint administrator and partner at PwC UK, said:
“After over six months in administration, we’re pleased to have completed the sale of NCP, securing the future of one of the UK’s best-known car park operators, protecting hundreds of jobs and delivering the best outcome for creditors.
"Keeping NCP's car parks open also helps keep Britain's town and city centres moving. They provide important access for customers and help support the shops, restaurants, hospitality venues and other local businesses that rely on people being able to reach them.”
“We would like to thank all of NCP's staff and directors for their support and professionalism throughout what has understandably been a period of uncertainty.”
Ends
Notes to editor
NCP UK Trade Co Limited is an entity within the Martin Property Group which has been renamed for the purposes of the acquisition.
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