# NCP Empire No. 2 Limited (04429279)

> Why UK company 04429279 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04429279

- **Status:** In administration
- **Administration began:** 2026-03-16
- **Administrators:** Zelf Hussain, Mark James Tobias Banfield, Rachael Wilkinson
- **Administrators' firm:** PwC
- **Formerly:** Spacefull Limited
- **Incorporated:** 2002-05-01
- **Location:** Leeds
- **Industry:** 74990 Non-trading company

## Why it went into administration

- Property / lease costs
- Cash flow / liquidity pressure
- Sustained trading losses
- COVID-19

## From the administrators' statement

As the major trading entity in the NCP Group, NCP's trading performance has deteriorated over a number of years post COVID-19 as demand for parking has not recovered to historical levels, particularly across city-centre and commuter locations. Continued shifts in commuting and customer driving patterns have impacted site occupancy, while the high concentration of long-term,

inflexible leases has meant that NCP has been unable to reduce costs. in line with revenue or to exit loss-making sites, resulting in ongoing trading losses as shown by the financial results for NCP as follows:

YIE 30 . YIE 30 September YIE 30 ; . September 2025 September YIE 30 Y/E 30 . YIE30 Y/E 30 - 2019 (pre (unaudited) 2024 (£000) September September September September —§ Covid-19) (£000) (unaudited) 2023(£000) 2022(£000) 2021 (£000) 2020 (£000) (£000)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04429279/filing-history/MzUyMDI3MTAyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04429279

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.