National Car Parks Limited, NCP Empire No.2 Limited and MEIF II CP Holdings 3 Limited - all in administration
Zelf Hussain, Rachael Wilkinson and Mark (Toby) Banfield of PwC have been appointed as Joint Administrators of National Car Parks Limited (”NCP”) and NCP Empire No.2 Limited (“Empire 2”).
Zelf Hussain, Timothy Higgins and Mark (Toby) Banfield, have been appointed as Joint Administrators of MEIF II CP Holdings 3 Limited (“MEIF 3”) - together (“the Companies”).
The appointments were made on 16 March 2026.
NCP is one of the UK’s largest car park operators, employing around 681 people and managing 340 car parks nationwide, including in major towns and city centres, airports, hospitals and transport hubs.
The Joint Administrators will continue to trade the NCP business for the time being while undertaking an assessment of the options for the business. For now, all sites remain open, employees will continue to be employed in their roles and customers will see no immediate changes to the day‑to‑day operations.
NCP’s performance has deteriorated over a number of years post COVID-19 as demand for parking has not recovered to historic levels, particularly across city-centre and commuter locations. Continued shifts in commuting and customer driving patterns have impacted site occupancy, while the high concentration of long-term, inflexible leases has meant NCP has been unable to reduce costs in line with revenue or to exit loss-making sites, resulting in ongoing trading losses. NCP now has insufficient cash available to meet its financial obligations and the Directors have therefore taken the decision to appoint administrators.
The Joint Administrators will engage with landlords and other stakeholders to assess and, where necessary, make changes to the business designed to improve the viability of as many of the sites as possible. A sale of all or part of the business will be explored as one of the options to secure the best outcome for creditors. The Administrators will continually review the viability of each location, and depending on the outcome of discussions with stakeholders, there may need to be site closures as part of the process.
Empire 2 holds lease interests operated by NCP and MEIF 3, a holding company, owns investments in various subsidiaries.
Zelf Hussain, Rachael Maria Wilkinson and Mark James Tobias Banfield have been appointed as Joint Administrators of National Car Parks Limited and NCP Empire No.2 Limited to manage their affairs, business and property, and act without personal liability. The Joint Administrators are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales.
Zelf Hussain, Timothy Andrew Higgins and Mark James Tobias Banfield have been appointed as Joint Administrators of MEIF II CP Holdings 3 Limited to manage its affairs, business and property, and act without personal liability. The Joint Administrators are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales.
The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at:
https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics
The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.
