Meif II CP Holdings 3 Limited (06133821): administration
- Status
- In administration
- Administration began
- 2026-03-16
- Administrators
- Zelf Hussain, Mark James Tobias Banfield, Timothy Andrew Higgins
- Administrators' firm
- PwC
- Incorporated
- 2007-03-01
- Location
- Leeds
- Industry
- 70100 Activities of head offices
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 Y/E 30 September Y/E 30 September 2025 September ‘YIE 30 YIE 30 Y/E 30 YIE 30 2019 (pre (unaudited) 2024 (£000) September September September September Covid-19) (£000) (unaudited) 2023(£000) 2022 (£000) 2021 (£000) 2020 (£000) * (£000)
Administrators' statement of proposals (2026-05-11) · Companies House register