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Car park firm NCP collapse with 700 jobs at risk
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National Car Parks (NCP) has gone into administration, putting 682 jobs at risk. The car park operator said demand for parking had not recovered to pre-Covid levels, pointing to "shifts in commuting and customer driving patterns". After consistently losing cash, it could no longer afford to pay its creditors and was unable to scrap "long-term, inflexible" leases on loss-making sites. Its administrators, PwC, are looking to sell the businesses as the "best outcome" for those NCP owes money to. "All sites are open, staff remain in post, and trading continues as normal," PwC added. "We will be engaging with landlords, employees, and other stakeholders as we explore all options," PwC said. NCP is one of the biggest car park operators in the UK, running 340 car parks across the country. The firm's debts were ยฃ305m greater than the value of its assets as of 30 September last year, according to a filing from its parent company. Andora Webster was hit with ยฃ465 of fines after her car registration number was logged incorrectly. The removal of parking payment machines across Slough begins at the end of March. Plymouth City Council wants a ยฃ2 charge at Jennycliff, along with other coastal car parks. Somerset Council is going to review car parking charges for its 200 car parks across the county. Councillors hear deep concerns from local businesses and there is now to be a further review.