Overview
- PwC partners Zelf Hussain, Rachael Wilkinson and Toby Banfield have been appointed joint administrators after NCP filed a High Court notice this morning.
- Administrators said all sites remain open, staff are in post and trading continues while they review the business and engage landlords and creditors.
- The Notice of Intention triggers a roughly 10‑business‑day moratorium that pauses creditor actions as options are assessed.
- NCP’s directors said the company lacks sufficient cash to meet obligations after post‑COVID demand weakness, inflation‑linked rents and higher energy costs drove persistent losses.
- PwC will evaluate each location’s viability and consider a sale of all or part of the business, with potential site closures flagged during the review.