National Car Parks (NCP) has gone into administration, putting 682 jobs at risk. " NCP is one of the biggest car park operators in the UK, running 340 car parks across the country, including in airports, hospitals and transport hubs. The firm's debts were £305m greater than the value of its assets, as of 30 September last year, according to a filing from its parent company. PwC said NCP had a "high concentration" of inflexible leases that prevented it from reducing costs or scrapping unprofitable car parks. Zelf Hussain, joint administrator and PwC partner, said the company had faced "a challenging trading environment" in recent years. " NCP's parent company, Park24, said higher energy prices as a result of the outbreak of war in Ukraine in 2022 also put pressure on the business, adding to its operating costs.