Motoring Discussion > BCP Car parks going into Administration /Bust Miscellaneous
Thread Author: Falkirk Bairn Replies: 10
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 Mon 16 Mar 26 16:32 
 BCP Car parks going into Administration /Bust - Falkirk Bairn
Since Covid demand has fallen all over the UK.
NCP are tied into long/expensive leases and had problems for years.

www.bbc.co.uk/news/articles/c2e48zl4j7ko
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 Mon 16 Mar 26 17:11 
 BCP Car parks going into Administration /Bust - Bromptonaut
I guess there'll be some sort of going concern sale while creditors and landlords lose a lot of money.
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 Mon 16 Mar 26 17:14 
 BCP Car parks going into Administration /Bust - bathtub tom
How on earth can they be so incompetent as to go bust? All they had to do was provide signage and issue penalty notices, apart from the usual administration of employees.
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 Mon 16 Mar 26 17:24 
 BCP Car parks going into Administration /Bust - Bromptonaut
>> How on earth can they be so incompetent as to go bust? All they had
>> to do was provide signage and issue penalty notices, apart from the usual administration of
>> employees.

Tied to paying costs, main one probably rent to (eg) airport owners, that were fixed or on escalator terms set pre covid while unable to cover costs by charging.

When we fly, as usual, from Birmingham we use Car Park 4. Easy to find spaces right down by the terminal; less than five mins walk. Around £75/week.

If rental plus on costs are £80/week they're losing cash.

When I worked in London c2012 the station car park at Northampton was rammed at 08:00.

Never near full now any day of the week.
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 Mon 16 Mar 26 18:22 
 BCP Car parks going into Administration /Bust - CGNorwich
Locked into high fixed costs
Unforeseen permanent decline in demand.

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 Mon 16 Mar 26 18:45 
 BCP Car parks going into Administration /Bust - Terry
I find it difficult to have a great deal of sympathy for a company which charged more to park a car than catch a plane, freely issued penalty charges and exploited a semi monopoly position.

Someone will take over the car parks so there won't suddenly be a shortage of parking!
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 Mon 16 Mar 26 18:52 
 BCP Car parks going into Administration /Bust - CGNorwich
Someone will take over the car parks so there won't suddenly be a shortage of parking!

They will. They will also reduce the oversupply of parking and thus be able to increase the charges
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 Mon 16 Mar 26 22:27 
 BCP Car parks going into Administration /Bust - Zero
they missed a trick by not jumping heavily into ev charging points in car parks
Last edited by: Zero on Mon 16 Mar 26 at 22:28
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 Mon 16 Mar 26 23:40 
 BCP Car parks going into Administration /Bust - smokie
Probably right but EV charging points are somewhat problematic for many places. One reason why motorway services were (still are in places) so dire was there was simply not enough bandwidth in the power supply to the site to have rows of chargers, and running additional cables in isn't cheap.
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 Tue 17 Mar 26 07:34 
 BCP Car parks going into Administration /Bust - Bobby
What’s the bets that it will come out that there will have been some sort of refinancing or hedge funds involved somewhere along the line.
This won’t be a simple case of day to day income not meeting day to day expenditure.
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 Tue 17 Mar 26 08:38 
 NCP Car parks going into Administration /Bust - Falkirk Bairn
NCP have had a number of owners/re-financing etc etc over the last 20 years. Current ownership Japanese financed.
Undoubtedly they have carparks that are not as busy as they were decades ago.
Large scale WFH since Covid has not helped.
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