National Car Parks
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| Company type | Private |
|---|---|
| Industry | Car parks and public outsourcing |
| Founded | 1931 |
| Founder | Frederick Lucas |
| Headquarters | England |
Key people | Hiroyasu Matsui - Chairman, Co-CEO and CCO, and Rob England - Co-CEO and COO |
| Owner | Park24 Development Bank of Japan |
| Website | www.ncp.co.uk |
National Car Parks (NCP) is a private car park operator, with car parks in towns, cities, airports, London Underground and National Rail stations.
History
[edit]
NCP was founded in 1931 by Colonel Frederick Lucas. In October 1948 Sir 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.
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 £801 million with Hobson, Gosling, and their family trusts who owned 72.5% of the National Parking Corporation taking £580 million.[2]
NCP was sold to 3i in July 2005 for £555million.[3] In 2007, NCP was acquired by Macquarie European Infrastructure Fund II.[4] In 2007, the outsourced services business was spun off into NCP Services.[5] In August 2017, Macquarie Group sold NCP to Park24 and Development Bank of Japan.[6][7]
Operations
[edit]NCP provides car parking across the UK.
Events
[edit]Since 2010, House of Holland has booked the Brewer Street NCP to host its catwalk shows for London Fashion Week; previous attendees have included Alexa Chung, Jamie Winstone and Rachel Bilson.[8]
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.[9]
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.[10]
As part of the Manchester International Festival, NCP arranged a live relay screening of Kenneth Branagh’s new play Macbeth with hundreds of fans turning up to the open-air screening.[11]
Controversies
[edit]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.[12]
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*thole" – despite the fact that his car parks took over £1 million from the city each year.[13] 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.[14]
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.[15] 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.[16]
Part of a car park operated by NCP in Nottingham collapsed on 19 August 2017. Three vehicles were left dangling from the edge of the city centre car park from a floor roughly 50 ft (15m) above the ground, and the entrance and exit were blocked with fallen concrete.[17]
References
[edit]- ^ Ray Clancy, The story of National Car Parks PropertyForum.com 9 October 2008
- ^ Millions for car park entrepreneurs BBC News 24 March 1998
- ^ 3i closes on £555 million acquisition of NCP 3i 1 September 2005
- ^ 3i sells NCP car parks unit for £790M Financial Times 15 March 2007
- ^ NCP to de-merge into two businesses 3i 14 March 2007
- ^ Macquarie European Infrastructure Fund II reaches agreement to sell holding in National Car Parks to Park24 Macquarie Group 14 July 2017
- ^ History Park 24
- ^ House of Holland Vogue 15 September 2012
- ^ Evans, Evans Cycles Urban Dual Evans Cycles 28 October 2012
- ^ Art Drive! @ NCP Car Park Shoreditch Londonist 17 July 2012
- ^ All eyes on Sir Ken as Manchester International Festival bows out Manchester Evening News 22 July 2013
- ^ Car parks chief is cleared of spying on rival The Independent 13 March 1993
- ^ NCP boss in crude Facebook outburst at Hull Hull Daily Mail 30 November 2013
- ^ The Angus Young Awards 2013 Hull Daily Mail 30 November 2013
- ^ Disgust as NCP van parks in disabled bay The Argus 11 December 2013
- ^ 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
[edit]
Media related to National Car Parks at Wikimedia Commons
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