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A Londonderry company called the Martin Group has acquired NCP car parks after it went into administration in March 2026. The deal allows Martin Group to control over 100 of NCP's original 145 sites, protecting hundreds of jobs and maintaining essential services for towns and cities across Britain. PwC administrators highlighted that this acquisition prevents further closures and aids the recovery of town centers by keeping car parks operational.
Written locally by qwen2.5:14b on 2026-10-08,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Martin Property Group, based in Londonderry, became one of the UK's biggest car park operators after acquiring NCP from administration. The deal will control more than 100 sites and involves around 145 NCP locations across Britain. PwC administrators noted that this acquisition secured hundreds of jobs and offered creditors the best possible outcome, maintaining town and city centre mobility. Gary Martin, director at Martin Property Group, expressed ambition to build on NCP's heritage and serve communities effectively. The company’s expansion also includes hotel acquisitions such as The Bedford Hotel in Belfast and The Waterfoot in Derry. NCP faced financial difficulties due to long-term leases with property owners and accumulating debt, leading to its collapse in March 2026.
Written for “Car Park Company Acquisition UK” on 2026-10-08,
grounded in this article and the 0 other(s) covering the same event.
- Published
A Londonderry company has become one of the UK's biggest car park operators after buying NCP out of administration.
asserted
company → publish → administration
The deal means the Martin Group will control more than 100 sites.
asserted
Group → mean → sites
The NCP business collapsed in March 2026 after a sustained period of declining performance left it unable to pay its debts.
asserted
period → collapse → debts
At that time some of its sites were closed or transferred to other operators.
asserted
some → close → operators
The administrators, PwC, said the majority of NCP's 145 sites would now transfer to the Martin Group along with the staff who work there.
asserted
who → say → staff
Zelf Hussain, joint administrator and partner at PwC, said the deal protected hundreds of jobs and delivered the best outcome for creditors.
asserted
deal → say → creditors
"Keeping NCP's car parks open also helps keep Britain's town and city centres moving," he added.
asserted
he → keep → centres
"We would like to thank all of NCP's staff and directors for their support and professionalism throughout what has understandably been a period of uncertainty."
asserted
what → like → uncertainty
NCP's major problems included being locked into long-term leases with property owners and building up a large amount of debt.
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problems → include → debt
The Martin Group already has a substantial commercial property portfolio across the UK including the Fishergate Shopping Centre in Preston and the Mercury Shopping Centre in Romford.
asserted
Group → have → Romford
It has recently expanded its hotels business, developing The Bedford Hotel in Belfast and buying The Waterfoot in Derry.
'A fantastic day for NCP'
Gary Martin, director of Martin Property Group, said the company's goal was to "build on the strength and heritage of the NCP brand so it can once again deliver the lasting impact on the communities it serves".
"NCP is an iconic brand with a loyal customer base and talented workforce," he added.
asserted
he → expand → base
Rob England, chief executive of NCP, said it was "a fantastic day for NCP".
"We have had to make difficult, necessary decisions to keep the business moving forward," he said.
asserted
he → say → business
England said NCP was "immensely grateful" to its employees, customers and suppliers and its priority was "to restore full operational momentum and build a sustainable platform for long-term growth".
asserted
priority → say → growth
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