Overview
- 682 jobs are at risk as administrators evaluate each location and engage landlords, creditors and employees.
- Options under consideration include the sale of all or part of the business to secure the best outcome for creditors.
- NCP attributes losses to reduced city‑centre and commuter demand alongside long, inflexible leases that limited cost cuts.
- Regional lists detail at‑risk sites in areas including Wales, Sussex, Hertfordshire, Lancashire, Merseyside and the West Midlands, though all car parks remain open for now.
- Founded in 1931 and owned by Japan’s Park24, the company has posted multi‑year losses and significant net liabilities, with some reports citing debts roughly £305m above asset values.