The company is on the verge of collapse, with a creditors’ meeting set for Wednesday, May 20.
NCP operates over 300 car parks across the UK, some leased and some managed directly.
The company employs around 700 people. PricewaterhouseCoopers are handling the administration process, according to the Gazette.
NCP was taken over by a Japanese company Park24 in 2017, after being sold by Macquarie European Infrastructure Fund.
Park24 runs more than 19,000 sites in eight countries.
NCP is the UK’s oldest and largest private car park operator, with a history rooted in the transformation of post-war urban landscapes.
The foundation of the modern enterprise began in 1948, after being originally incorporated in 1931 by Colonel Frederick Lucas.
It…