Businessmarkets
Derry firm becomes top UK car park operator after buying NCP
A Londonderry-based company, the Martin Group, has successfully acquired NCP out of administration, transforming into one of the largest car park operators in the United Kingdom. The high-profile transaction ensures that the majority of NCP's 145 sites will continue operating, safeguarding hundreds of jobs following a tumultuous period of financial collapse for the parking giant. NCP had suffered from declining performance, high debt levels, and rigid long-term property leases, leading to its collapse in March 2026. However, administrators PwC confirmed that the new deal with the Martin Group provides a secure path forward for both employees and creditors, maintaining critical urban infrastructure across British towns and cities.