The story
NCP was incorporated in 1931 and is commonly traced to its founder, Colonel Frederick Lucas. It expanded after being acquired in 1959 by Central Car Parks, a business formed by Ronald Hobson and Donald Gosling, who developed car parks on vacant sites in Central London after World War II.
In 1993 NCP chief executive Gordon Layton was acquitted in an Old Bailey trial following allegations of industrial espionage against rival company Europarks.
In 1998 NCP was sold to the US company Cendant for £801 million. In 2005 it was acquired by 3i for £555 million. In 2007, 3i sold NCP's off-street parking business to a fund managed by Macquarie Group for £790 million. In 2017 Macquarie sold NCP to a consortium of Park24 and the Development Bank of Japan.
Part of an NCP-operated multi-storey car park in Nottingham collapsed on 19 August 2017, leaving vehicles hanging over the edge of the building; no injuries were reported.
In March 2026 NCP entered voluntary administration with PwC appointed as administrator while the business continued to trade. By May 2026 29 sites had closed. In October 2026, NCP was saved by Northern Ireland property company Martin Property Group, including 93 out of 340 locations, 52 other car parks owned by Martin Property Group would be converted to the NCP brand.
From Wikipedia’s article on National Car Parks, shared under CC BY-SA 4.0.3