Skip to content
Llamar.ai
Menu
Back to recent public pages

Public page

Derry firm becomes one of UK's biggest carpark operators after buying NCP

Source

www.bbc.co.uk

Published Source updated (as of )

Added to Llamar Summary updated

Open the original source (opens in a new tab)
Yellow NCP sign on a brown brick wall.

Understand

Derry-based Martin Group becomes one of UK's largest car park operators after acquiring NCP from administration

Overview

A Londonderry company, the Martin Group, has acquired National Car Parks (NCP) out of administration, making it one of the UK's biggest car park operators controlling over 100 sites. NCP collapsed in March 2026 due to declining performance, heavy debt, and long-term lease burdens. The deal, handled by administrators PwC, transfers the majority of NCP's 145 sites and their staff to the Martin Group, protecting hundreds of jobs.

Key points

  • The Martin Group acquired NCP out of administration, taking control of more than 100 sites.
  • NCP had collapsed in March 2026 following declining performance, significant debt, and restrictive long-term leases.
  • Administrators PwC confirmed that the majority of NCP's 145 sites and their corresponding staff will transfer to the Martin Group.
  • The acquisition protects hundreds of jobs and aims to restore operational momentum for the iconic car park brand.
  • The Martin Group's existing portfolio includes commercial property such as the Fishergate Shopping Centre in Preston and the Mercury Shopping Centre in Romford, alongside expanded hotel interests.
Report this page