Before this decisive moment, EO Charging had expanded its operations internationally, venturing into markets such as the US, Australia, New Zealand, and Italy. However, despite these ambitious expansions, the company faced persistent liquidity challenges. In late 2025, EO Charging had received additional funding from shareholders, but it was not enough to overcome the financial hurdles it encountered.

As a direct result of entering administration, EO Charging has lost 69 jobs, leaving only 24 employees to assist with the winding down of the business. Edward Williams, one of the joint administrators appointed by PwC, expressed regret over the redundancies, stating, “It’s regrettable that the company has been left with no option but to enter administration and that 69 employees have sadly been made redundant.”

At the time of administration, EO Charging was burdened with £18 million in debt. The company had been primarily serving fleet customers, including supermarkets and commercial fleet operators, but it struggled to maintain profitability and was reportedly loss-making for some time.

In an effort to mitigate the impact on its customers, the administrators are working to ensure a smooth transition to alternative suppliers with the support of the remaining employees. Williams noted, “The administrators are looking to assist customers in smoothly transitioning to alternative suppliers before winding down the company in an orderly manner and seeking to optimise the value of its assets.”

EO Charging’s challenges highlight the difficulties faced by companies in the electric vehicle infrastructure sector, particularly as they navigate financial pressures while attempting to meet growing demand. The company had ambitious plans to install 50,000 charge points by 2030, but these aspirations now seem uncertain.

Founded in 2014 by Charlie Jardine, EO Charging’s trajectory has shifted dramatically from one of growth and expansion to facing significant operational challenges. The sale of its domestic EV charger business to Cogent Technologies further underscores the company’s need to restructure its operations.

As the situation continues to develop, the future of EO Charging remains unclear, with many stakeholders awaiting further updates on the administration process. Details remain unconfirmed regarding the potential for any restructuring or recovery efforts that may arise from this administration.

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Greater Together LA is expected to be a significant event, showcasing the robust US-UK partnership, which boasts an investment stock of approximately $1.5 trillion and a trading relationship valued at $437 billion. The mission will also highlight the 2.6 million jobs supported by this partnership, emphasizing the mutual benefits derived from collaboration.

During the event, a two-day thought leadership summit will be held, sponsored by PwC UK, with the theme “Unexpected Connections.” This summit will feature 30 headline voices, including key figures from both the UK and US, who will discuss innovative strategies and shared values in business and trade.

The UK Government’s GREAT Britain & Northern Ireland Campaign is organizing the expo, which aims to promote the creativity and innovation shared by the two countries. Sean Doyle, CEO of British Airways, expressed pride in supporting this campaign, stating, “British Airways is proud to support the GREAT campaign as we celebrate the creativity and innovation shared by the United Kingdom and United States.”

American Airlines is also joining in this effort, with CEO Robert Isom affirming their commitment to strengthening the partnership, saying, “American Airlines is proud to join British Airways in supporting the GREAT campaign and strengthening the deep partnership between our brands, the United States and the United Kingdom.”

In addition to the trade mission, the UK has the responsibility of chairing the P5 Process for the upcoming 2026 NPT Review Conference, which will take place from April 27 to May 22 at the United Nations HQ in New York. This conference is crucial for discussing global nuclear disarmament and non-proliferation.

Darren Jones, a senior figure in Prime Minister Keir Starmer’s government, highlighted the importance of this trade mission in the context of the UK’s evolving economic and cultural relationship with the US. He noted that the UK Labour party has learned valuable lessons from Australian leaders Bob Hawke and Paul Keating, which could inform their approach to international trade.

As the UK prepares for this significant trade mission, reactions from various stakeholders indicate a strong commitment to fostering economic growth and collaboration. Marco Amitrano, a representative from PwC, remarked, “The UK and US share a unique economic and cultural relationship – one that continues to evolve through investment, innovation and the creation of high-quality jobs.”

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NCP, founded in 1931 by Colonel Frederick Lucas, has been a prominent player in the UK parking industry for over 94 years. Operating 340 car parks across the country, the company has seen significant changes in ownership and market dynamics over the decades. However, in recent years, NCP has faced a challenging trading environment, exacerbated by the impact of the COVID-19 pandemic.

As the pandemic shifted consumer behaviors, NCP’s demand for parking has not recovered to pre-COVID levels. This decline in usage has been attributed to changes in commuting patterns and customer driving habits, leading to a high fixed cost base that has resulted in trading losses. In its most recent financial year, NCP reported a staggering loss of £26.8 million, further complicating its financial situation.

In light of these ongoing challenges, NCP has appointed PwC as administrators to stabilize its business. The decision comes after the company revealed that it has liabilities exceeding £352 million as of January 2023. The appointment of administrators indicates that NCP now has insufficient cash available to meet its financial obligations, prompting the directors to take this critical step.

Zelf Hussain, a representative from PwC, stated, “NCP has faced a challenging trading environment over several years, with changing consumer behaviours impacting volumes and a high fixed cost base leading to trading losses.” This acknowledgment highlights the severity of NCP’s situation and the need for immediate intervention to protect the company’s assets and stakeholders.

Despite the appointment of administrators, NCP’s workforce of 682 employees will remain in place while options are assessed. Hussain added, “We will be engaging with landlords, employees and other stakeholders as we explore all options, including the potential sale of all or part of the business, to secure the best possible outcome for creditors.” This proactive approach aims to navigate the complexities of the current financial landscape while considering the interests of all parties involved.

In addition to its broader operations, NCP manages 12 car parks in Gloucester and 2 in Cheltenham, contributing to its extensive network across the UK. The future of these locations, along with the overall business, remains uncertain as the company seeks to stabilize its operations and address its financial challenges.

As the situation develops, observers will be closely monitoring NCP’s next steps and the potential outcomes of the administration process. The company’s ability to secure financial support from its parent company, Park24 Co, will be crucial in determining its path forward. Details remain unconfirmed regarding the specific measures that will be taken, but the focus will undoubtedly be on finding a sustainable solution to restore NCP’s viability in the competitive parking market.

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Before the recent developments, NCP car parks, founded in 1931, were a significant player in the UK’s parking sector, managing approximately 340 car parks across the country. However, the company has faced mounting challenges, particularly following the Covid-19 pandemic, which resulted in a significant decline in demand for parking services. This decline was compounded by rising operating costs and inflation, leading to a precarious financial situation.

On March 16, 2026, NCP’s board of directors appointed PwC as administrators after the company ran out of cash. This decisive moment put nearly 700 jobs at risk, as the firm struggled with debts amounting to £352.6 million. The immediate impact of this administration process has left employees and stakeholders in uncertainty about the future.

Zelf Hussain, a representative from PwC, noted that NCP has faced a challenging trading environment over several years, with changing consumer behaviors affecting volumes and a high fixed cost base leading to trading losses. The company’s pre-tax loss was reported at £28.2 million for the year ending September 30, 2023, highlighting the severity of its financial troubles.

In 2017, NCP was sold to Park24, a company that manages over 19,000 parking sites across eight countries. Despite efforts to pursue new car park developments and implement cost-reduction measures, including workforce restructuring, NCP’s financial difficulties persisted. The company had previously attempted to navigate its challenges by exploring various financing options, including potential asset disposals.

As NCP enters administration, the focus now shifts to engaging with landlords, employees, and other stakeholders to explore all options, including the potential sale of all or part of the business. Hussain emphasized the importance of securing the best possible outcome for creditors during this tumultuous time.

The situation reflects broader trends in the parking industry, where many companies have struggled to adapt to the post-pandemic landscape. NCP’s collapse serves as a stark reminder of the ongoing challenges faced by businesses in the sector, particularly those heavily reliant on physical occupancy.

Details remain unconfirmed regarding the next steps for NCP and its employees, but the impact of this administration is likely to resonate throughout the UK parking market.

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