"NCP has faced a challenging trading environment over several years, with changing consumer behaviours impacting volumes, and a high fixed cost-base leading to trading losses."
"Sources indicate that landlords and staff have been informed that several sites are 'no longer commercially viable' to operate, leading to a small number of expected job losses."
"PwC stated that it will work with landlords and stakeholders to 'improve the viability' of the remaining sites while exploring a potential sale of all or part of the business."
National Car Parks (NCP) is set to permanently close around 20 car parks after entering administration. PricewaterhouseCoopers (PwC) is managing the restructuring, citing several sites as 'no longer commercially viable.' NCP operates approximately 340 sites in the UK and employs nearly 700 people. The closures reflect ongoing challenges from the pandemic, including reduced demand for parking and shifts to hybrid work. PwC aims to improve the viability of remaining sites while considering a potential sale of the business.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]