National Car Parks
.svg) | |
| Company type | Private |
|---|---|
| Industry | Car parks and public outsourcing |
| Founded | 1931 |
| Headquarters | England |
Key people | Jonathan Scott, CEO |
| Owner | Park24 Co. Ltd; Development Bank of Japan Inc. |
| Website | www.ncp.co.uk |
National Car Parks (NCP) is the United Kingdom's largest and longest-standing private car park operator, with over 150,000 spaces across more than 500 car parks in towns, cities, airports and London Underground and National Rail stations.
History
NCP was founded in 1931 by Colonel Frederick Lucas. In October 1948 Ronald Hobson, together with his business partner Sir Donald Gosling, founded Central Car Parks when the pair invested £200 in a bombsite in Holborn, central London to create a car park. In 1959 Central Car Parks took over NCP from Anne Lucas, the widow of Colonel Lucas.[1]
Hobson and Gosling expanded the company by recognising the under-developed state of many post-World War II British cities and towns. The pair began buying vacant sites in city centres, converting them into car parks. NCP then began managing sites on behalf of third parties.
By the mid-1990s NCP had become one of the most successful private businesses in Britain. In 1998, after a flotation of the business on the London Stock Exchange was cancelled at a late stage, the company was bought by US-based property and travel services provider Cendant for £801million with Hobson, Gosling, and their family trusts who owned 72.5% of the National Parking Corporation taking £580million.[2]
The new owners re-focused the company's operations, changing NCP from a mainly property owning company into a more service-focused organisation in the broader transport sector. In 1999 NCP launched the UK's first private-public partnership, setting up a joint venture with Manchester City Council to establish NCP Manchester Ltd (NML).
In 2002 Cendant sold NCP to UK-based Cinven. NCP began to develop business contracts in the provision of enforcement services for local authorities, vehicle removals and debt recovery, where by 2005 it had become market leader in its field.
NCP was sold to 3i in July 2005 for £555million, with 3i saying it would continue to grow NCP as a service-oriented and public-outsourcing company in order to maximise the growth potential of both sides of the business.[3] It was then sold to Park 24 Limited in August 2017, and Park 24 UK Limited took over operations.[4]
Current operations
In 2007 National Car Parks Limited was acquired by Macquarie European Infrastructure Fund II.[5] Today NCP provides car parking across the UK. It has car parks at some of the most popular public sites such as London Heathrow Airport, Manchester Arena and Birmingham New Street railway station.
In 2013 NCP launched a new website and online strategy enabling customers to pre-book their parking at over 100 of their rail, city and town centre car parks.
In 2014 NCP signed partnerships with online and mobile parking consolidators, having opened up its off-street pre-booking technology to third-party providers and parking retailers for the first time. Deals were struck with JustPark, Parkjockey and YourParkingSpace, enabling their users NCP spaces at over 100 sites.[6]
In 2017, Macquarie Group sold their 100% stake in NCP Ltd to Park24 Co. Ltd and Development Bank of Japan Inc. (100% government owned)[7][8]
Events
National Car Parks has become very popular with numerous industries looking for alternative-style venues to stage events.
Since 2010 House of Holland has booked the Brewer Street NCP to host their catwalk shows for London Fashion Week; previous attendees have included Alexa Chung, Jamie Winstone and Rachel Bilson.[9]
In Cardiff, Evans Cycles have created the Urban Duel, a BMX racing event that takes place in NCP Dumfries Place. There are plans to host this event at other car parks around the country.[10]
Art Drive exhibited its collection of classic BMWs designed by famous artists including Andy Warhol, David Hockney, Jeff Koons and Roy Lichtenstein at the Great Eastern Street NCP in Shoreditch.[11]
As part of the Manchester International Festival, National Car Parks arranged a live relay screening of Kenneth Branagh’s new play Macbeth with hundreds of fans turning up to the open-air screening.[12]
Controversies
In the early 1990s NCP was accused of planting spies in rival group Europarks, but Britain's then biggest industrial espionage trial ended with the full acquittal of NCP chief executive Gordon Layton.[13]
In November 2013, following the announcement that Hull was to be the UK City of Culture 2017, NCP managing director Duncan Bowins took to popular social media website Facebook and branded the city "a sh**ehole" – despite the fact that his car parks took over £1 million from the city each year.[14] This "crude slur" led to Duncan Bowins winning the Award for "Most Inappropriate Use of Social Media" at the Hull Daily Mail Angus Young Awards 2013.[15]
In December 2013 the Crawley News and The Argus reported that NCP staff had been parking in the town's limited disabled bays for convenience.[16] An NCP spokeswoman subsequently issued a statement claiming the pair had parked there to clear leaves from the car park and that there had been nowhere else to park. However, when the Crawley News published a photo clearly showing spaces right next to the disabled bay, the firm's Head of Operations Nigel Sorenson called to apologise and admitted that the incident was "embarrassing and upsetting" for the company.[17]
Part of a car park operated by NCP in Nottingham collapsed on 19 August 2017. Vehicles were left dangling from the edge of the city centre car park after it partially collapsed. It left three vehicles hanging over the edge of the car park from a floor roughly 50 ft (15m) above the ground and blocked the entrance and exit of the car park with fallen concrete.[18]
See also
References
- ^ Ray Clancy, "The story of National Car Parks", PropertyForum.com, 9 October 2008
- ^ BBC, "Millions for car park entrepreneurs", BBC Business, 24 March 1998
- ^ 3i, "3i closes on £555 million acquisition of NCP" Archived 8 January 2014 at the Wayback Machine, 3i.com, 1 September 2005
- ^ http://www.park24.co.jp/en/company/history.html
- ^ Peter Smith, "3i sells NCP car parks unit for £790M", Financial Times, 15 March 2007
- ^ James Gordon-MacIntosh, "NCP partners with trio of “mobile first”,", Parking Network, 16 October 2014
- ^ (https://www.ncp.co.uk/download/1911/)
- ^ (https://www.ncp.co.uk/help-centre/about-us/)
- ^ Vogue, "House of Holland", Vogue, 15 September 2012
- ^ Evans, "Evans Cycles Urban Dual", Evans Cycles, 28 October 2012
- ^ Beth Parnell-Hopkinson, "Art Drive! @ NCP Car Park Shoreditch", Londonist, 17 July 2012
- ^ Dianne Bourne, "All eyes on Sir Ken as Manchester International Festival bows out", Manchester Evening News, 22 July 2013
- ^ David Connett, "Car parks chief is cleared of spying on rival", The Independent, 13 March 1993
- ^ James Burton, "NCP boss in crude Facebook outburst at Hull" Archived 22 February 2014 at the Wayback Machine, Hull Daily Mail, 30 November 2013
- ^ Angus Young, "The Angus Young Awards 2013" Archived 20 February 2014 at the Wayback Machine, Hull Daily Mail, 30 November 2013
- ^ Neil Vowles, "'Disgust' as NCP van parks in disabled bay", The Argus, 11 December 2013
- ^ Dave Comeau, "NCP embarrassed after staff park in disabled bay", Crawley News, 19 December 2013
- ^ "Nottingham NCP car park collapse prompts call for answers". BBC News. 21 August 2017. Retrieved 21 August 2017.
External links
