Parking Disruption: NCP Collapse Puts 700 Jobs at Risk
The car park operator NCP has collapsed, citing lack of demand post-COVID. Administrators seek to sell the business, leaving hundreds of jobs hanging in the balance.
In a troubling development for the UK's parking industry, the car park operator NCP has collapsed, putting around 700 jobs at risk. The company, which has managed parking facilities across the country for decades, has entered administration as it struggles to recover from the impact of the COVID-19 pandemic.
Lack of Parking Demand
According to the administrators, the primary factor behind NCP's downfall was the failure of parking demand to bounce back to pre-pandemic levels. With fewer people commuting to offices and fewer shoppers visiting high streets, the need for paid parking has declined significantly.
Joanne Robinson, joint administrator at Begbies Traynor, explained,
Source: BBC News
