Martin Property Group has acquired the business and assets of National Car Parks (NCP) from its joint administrators at PwC UK for an undisclosed amount.
The deal involves transferring the NCP brand along with the majority of its portfolio to NCP UK Trade Co.
NCP entered administration on 16 March 2026, appointing Zelf Hussain, Rachael Wilkinson, and Toby Banfield of PwC as joint administrators. Following an operational review in March, the administrators closed 21 unviable sites, resulting in 31 redundancies, while keeping the remaining portfolio trading.
Northern Ireland-headquartered Martin Property, which operates across real estate, hospitality and retail, already has experience managing car parking assets across the UK and Ireland.
Gary Martin, director of Martin Property, said: “Despite its difficulties post-pandemic, NCP is an iconic brand with a loyal customer base and talented workforce, and we look forward to working with NCP’s team to modernise operations and invest in the long-term infrastructure of the business.
“Our goal is to use our experience as both an established car park operator and real estate landlord to build on the strength and heritage of the NCP brand so it can once again deliver the lasting impact on the communities it serves.”
Rob England, CEO of NCP, said: “This is a fantastic day for NCP Martin Property Group possesses the exact commercial expertise and strategic drive needed to steer our business out of recent challenges and into an exciting new chapter. The administration period has been a testing time for everyone at NCP.
“We have had to make difficult, necessary decisions to keep the business moving forward, and we are immensely grateful to our employees, loyal customers, and suppliers for their patience. Our immediate priority is to restore full operational momentum and build a sustainable platform for long-term growth.”
Joint administarator Hussain said: “After over six months in administration, we’re pleased to have completed the sale of NCP, securing the future of one of the UK’s best-known car park operators, protecting hundreds of jobs and delivering the best outcome for creditors.
“Keeping NCP’s car parks open also helps keep Britain’s town and city centres moving. They provide important access for customers and help support the shops, restaurants, hospitality venues and other local businesses that rely on people being able to reach them.
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