NCP, the UK’s largest private car park operator, enters administration, raising concerns about closures across its 340 car park sites. Multiple reports say the company’s financial difficulties have led to administration proceedings, which can result in parts of the business being shut down or sold. The outlets also note that around 700 jobs are at risk. NCP is described as the UK’s oldest and largest private operator, and it is owned by Japanese company Park24, which acquired it in 2017. One report states that a creditors’ meeting is scheduled for 20 May, where the next steps in the administration process are expected to be discussed. The news coverage focuses on the potential impact on customers and workers if car parks are closed, though the articles do not specify whether any sites have already shut. The administration process is currently the main development, with decisions by administrators and creditors likely to determine whether NCP’s sites can continue operating or whether closures occur.