Not being funny, but how on earth have they gone bust given what they charge for parking?!?
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? Routinely the most expensive parking option in any town or city.
Car park firm NCP collapses with nearly 700 jobs at risk
The car park operator says demand for parking has not recovered to pre-Covid levels, as its administrators look to sell the business.
BBC News (www.bbc.co.uk)
And of COURSE the answer is that they were bought out by a load of avaricious private equity / venture capital bastards. UK business just doing UK business things.
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? Routinely the most expensive parking option in any town or city.
Car park firm NCP collapses with nearly 700 jobs at risk
The car park operator says demand for parking has not recovered to pre-Covid levels, as its administrators look to sell the business.
BBC News (www.bbc.co.uk)
Nationalise them, make all parking free! Let's get the country moving again. #ukgovernment you can afford it - £53 million tinkering because you can't get the tax system fair.
#starmer !!!
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? Routinely the most expensive parking option in any town or city.
Car park firm NCP collapses with nearly 700 jobs at risk
The car park operator says demand for parking has not recovered to pre-Covid levels, as its administrators look to sell the business.
BBC News (www.bbc.co.uk)
@DrEdBridges related news: suppliers of tiny violins report brisk trade
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R relay@relay.infosec.exchange shared this topic
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? Routinely the most expensive parking option in any town or city.
Car park firm NCP collapses with nearly 700 jobs at risk
The car park operator says demand for parking has not recovered to pre-Covid levels, as its administrators look to sell the business.
BBC News (www.bbc.co.uk)
@DrEdBridges
Somebodies have stripped the profit out until it crashed. Who owned it, I wonder if a Hedge Fund was involved? -
@DrEdBridges
Somebodies have stripped the profit out until it crashed. Who owned it, I wonder if a Hedge Fund was involved?@Christo_459 Ha, read my second post in the thread and you'll see that our old friend venture capital had a hand in things...!
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Nationalise them, make all parking free! Let's get the country moving again. #ukgovernment you can afford it - £53 million tinkering because you can't get the tax system fair.
#starmer !!!
@RichRARobi Parking shouldn't be free. Motorists SHOULD be charged for the space they take up in town and city centres. But I shan't shed any tears for the companies who seek to price-gouge for private profit rather than for any wider social benefit.
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? Routinely the most expensive parking option in any town or city.
Car park firm NCP collapses with nearly 700 jobs at risk
The car park operator says demand for parking has not recovered to pre-Covid levels, as its administrators look to sell the business.
BBC News (www.bbc.co.uk)
@DrEdBridges I expect that's exactly how they went bust. If they're the most expensive option and other options are available, then no sensible motorist is going to park in the NCP car park.
Monopoly-style pricing when you don't actually have a monopoly is not a great business strategy.
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? Routinely the most expensive parking option in any town or city.
Car park firm NCP collapses with nearly 700 jobs at risk
The car park operator says demand for parking has not recovered to pre-Covid levels, as its administrators look to sell the business.
BBC News (www.bbc.co.uk)
@DrEdBridges
Gordon Gecko, Greed is Good -
@DrEdBridges I expect that's exactly how they went bust. If they're the most expensive option and other options are available, then no sensible motorist is going to park in the NCP car park.
Monopoly-style pricing when you don't actually have a monopoly is not a great business strategy.
@statsguy Indeed. And that’s what happens when - as was the case here - you’re owned by venture capitalist / private equity / bastards. Focussed solely on short-term maximisation of profit rather than long-term sustainability of the business.
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? Routinely the most expensive parking option in any town or city.
Car park firm NCP collapses with nearly 700 jobs at risk
The car park operator says demand for parking has not recovered to pre-Covid levels, as its administrators look to sell the business.
BBC News (www.bbc.co.uk)
Only 700 jobs?
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@statsguy Indeed. And that’s what happens when - as was the case here - you’re owned by venture capitalist / private equity / bastards. Focussed solely on short-term maximisation of profit rather than long-term sustainability of the business.
@DrEdBridges Yeah. That's one of the reasons why the German economy has often done so much better than ours. Very many of their businesses are family-owned, and they are much more focused on long-term sustainability.
