Car park firm NCP falls into administration, putting nearly 700 jobs at risk

NCP manages 340 car parks across the UK. Photograph: Graham Turner/The Guardian

National Car Parks, the UK’s biggest car park operator, has fallen into administration, putting nearly 700 jobs at risk.

NCP’s board of directors called in PwC as administrators after it ran out of cash, leaving it unable to pay its landlords and creditors, with significant rent payments due at the end of March.