THE UK’S largest car park operator is ‘running out of time’ to save itself from closure.
Administrators have issued the deadline for prospective bids to purchase “some or all” of NCP.
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Bidders looking to purchase “some or all” of the car parks have been given a deadline to submit offers. Credit: Alamy Live News.
Parties interested in purchasing National Car Parks (NCP) have been asked to present offers by next week, while administrators try to save the failing group.
NCP is the UK’s largest car park operation but has been in administration since March 16, 2026.
During this time, around 20 car parks have been closed as the locations were no longer commercially viable.
There are currently 145 more car parks at risk of permanent closure.
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As reported by Jattvibe, it is understood that buyers were given a deadline of April 30 last week to submit indicative offers to purchase the sites.
One prospective bidder told Sky that “administrators at PricewaterhouseCoopers (PwC) were prepared to entertain offers for some or all of its assets”.
The bidder has said that despite the recent closures, “many of its other sites were attractive targets”.
PwC has been handling the ongoing administration process, and has reportedly seen “a deteriorating financial performance over several years”.
In a statement in March, PwC said: “Continued shifts in commuting and customer driving patterns have impacted site occupancy, while the high concentration of long-term inflexible leases has meant the company has been unable to reduce costs in line with revenue or to exit loss-making sites, resulting in ongoing trade loses.”
PwC have reportedly declined to comment on the upcoming bid deadline.
Since 2017, NCP has been owned by Japanese company Park24.
It was previously run by Macquarie European Infrastructure Fund.
NCP has been in operation since 1931, but financial pressures have affected the car park operators for some time.
Work-from-home schemes and hybrid roles, particularly common since the pandemic, have led to less people travelling into work and using NCP services.
Demand for parking has likely been further reduced by the rise in online shopping, affecting the number of people driving into towns and cities.
The ongoing risk of closure leaves 682 jobs vulnerable.
