Derry firm becomes one of UK's biggest car park operators after buying NCP
Summary
A company from Londonderry called the Martin Group has bought the UK car park operator NCP after NCP went into financial trouble. This purchase makes the Martin Group one of the largest car park operators in the UK, controlling over 100 sites and protecting many jobs.Key Facts
- NCP went into administration (financial trouble) in March 2026 due to declining performance and debt.
- The Martin Group bought most of NCP’s 145 sites and took on the staff working there.
- PwC were the administrators managing NCP’s collapse and said the sale helped protect hundreds of jobs.
- NCP had long-term leases and large debts that contributed to its problems.
- The Martin Group owns shopping centers and hotels across the UK.
- The deal allows the Martin Group to expand its property and parking operations.
- Both Martin Group and NCP leaders said the deal was positive for jobs and the local communities.
- NCP plans to restore full operations and grow sustainably under the new ownership.
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