Britain’s biggest car park operator, National Car Parks (NCP), has gone into administration, putting hundreds of jobs and 340 sites across the UK in doubt.

The 95-year-old company, which runs off‑street car parks in town and city centres, at airports, hospitals and transport hubs, appointed restructuring firm PwC as joint administrators on March 16 after what the firm described as “insufficient cash” to meet its financial obligations.

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According to its parent company, NCP’s liabilities exceeded its assets by about £305 million as of the end of September last year.

Following an initial review of the business, 21 NCP car parks judged “commercially unviable” shut to customers last month.

A press statement from PwC said the remaining 318 car parks would continue trading and that “no further sites are identified for closure at this time”, while options for the rest of the business are considered.

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National closure lists confirmed that one Oxfordshire site, NCP Banbury Marlborough Road, was among those due to close at the end of March.

NCP’s own online locator shows that, in addition to the Banbury site, it operates car parks at Oxford Gloucester Green and Oxford Worcester Street.

Neither of which is on the published closure list and therefore still open under the administrators’ control.

The incident occurred between 3.30pm and 5pm on Sunday (April 26) when a man was exposing himself around Donnington Bridge, Donnington Bridge Road.

He has been described by police as a white man in his 50s, around 5ft 10ins tall with grey hair, and was wearing a grey t-shirt and tan shorts.

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Thames Valley Police has now asked the public for information in an appeal this afternoon (Wednesday, April 29).

A spokesperson for the force said: “We are appealing for witnesses following an indecent exposure in Oxford.

“Anyone who has any information, was around the area during that time, has CCTV or dash cam footage, please get in contact with us by calling 101 or making a report via our website quoting reference number 43260203749.”

Works have started at the OxBio Hub in Oxford, a 130,851 sq ft development, that will deliver the comprehensive refurbishment, reuse and extension of Building 2700 into a major new science and innovation campus in Oxford.

Angus Bates, director of GreyArc Investments and owner of OxBio Hub, said: “We understand that science and innovation thrive in environments built around people and community.

“That’s why we are investing heavily in creating a genuinely connected ecosystem at OxBio Hub, where occupiers don’t just lease space, but become part of a thriving, collaborative environment designed to support growth, innovation and long-term success.”

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Inside the hub (CGI generated) (Image: OxBio Hub)

The scheme has rapidly moved forward since planning permission was granted and will offer flexible R&D and office space ranging from 4,000 to 130,851 sq ft.

A major strip-out of the existing building has been completed, clearing the way for refurbishment and expansion.

This included removing mechanical and electrical systems, internal partitions, ceilings, floor finishes, and decommissioning old building infrastructure.

The steel frame of the building is now being exposed in preparation for structural strengthening and reconfiguration.

A preview and early access tour of the OxBio Hub will be held on May 7 from noon to 2pm.

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Inside the hub (CGI generated) (Image: OxBio Hub)

The event will give potential occupiers and stakeholders a chance to see the site and learn more about the project’s vision and progress.

The campus is designed to meet current and future needs of science and deep-tech businesses.

It will feature CL2 lab-ready space suitable for advanced research, modern laboratories, and high-quality office environments.

Mr Bates said: “Once complete, OxBio Hub will be far more than a place of work.

“Amenities are central to the vision, with high-quality facilities including a gym, café, meeting rooms, auditorium, fully serviced internal and external breakout areas, secure access, dedicated delivery facilities, cycle storage, extensive parking, and reimagined communal spaces designed to encourage interaction, collaboration and wellbeing.”

He highlighted the site’s strong transport links and proximity to academic institutions as key advantages.

Mr Bates said: “Our location on Oxford’s Ring Road, close to leading universities and innovation hubs such as the BioEscalator, further strengthens this offering.

“We are also looking forward to the building’s availability aligning with the opening of the Cowley Branch Line, just 400 metres away, which will significantly enhance connectivity and accessibility for occupiers and visitors alike.”

Bosses are targeting a ‘BREEAM very good’ rating, with an emphasis on low embodied carbon, reuse of existing structures, and responsible resource management.