The UK’s biggest car park operator National Car Parks has gone into administration.
Administrators PricewaterhouseCoopers said the company’s performance has deteriorated over a number of years post-Covid-19 as demand for parking has not recovered to historic levels, particularly across city centre and commuter locations.
Continued shifts in commuting and customer driving patterns have impacted site occupancy, while the high concentration of long-term, inflexible leases has meant the...
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