@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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dredbridges@toot.wales
@dredbridges@toot.wales
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Not being funny, but how on earth have they gone bust given what they charge for parking?!? -
Not being funny, but how on earth have they gone bust given what they charge for parking?!?@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?!?@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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Not being funny, but how on earth have they gone bust given what they charge for parking?!?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?!?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)