Car park operator NCP’s administrators are pursuing drivers for outstanding parking fines following the company’s collapse earlier this year. NCP fell into administration in March, putting nearly 700 jobs at risk with approximately 340 car parks across the country. According to The Times, in the initial month of administration, £402,000 in unpaid fines were collected, with a backlog of nearly 100,000 unpaid parking charge notices.
Despite the collapse, NCP can still issue new parking fines and enforce existing ones. The company has closed 29 of its car parks post-collapse while its remaining sites continue normal operations, with administrators from PwC seeking a new owner. NCP primarily leases car parks rather than owning them outright, facing financial challenges due to reduced parking demand post-Covid, particularly in city-center and commuter locations.
Founded in London in 1931 and owned by Japanese firm Park24, NCP highlighted struggles with costs related to long-term leases on unprofitable sites. Zelf Hussain, joint administrator and partner at PwC, expressed determination to maintain service continuity and explore all options for the business’s future, including potential sales to benefit creditors.