Adelaide
Care Park UK has made significant strides in recent months, achieving key milestones that position the company for sustained growth and success within the UK parking industry.
Recent Growth Achievements
- New 5-Year Agreement at Bilton Towers, London
In August 2024, Care Park UK secured a new 5-year agreement to manage parking operations at Bilton Towers in London. This strengthens our presence in the heart of the city and marks another step forward in expanding our portfolio of high-profile locations. - PCN Agreements with Asteria Parking
Care Park UK signed new agreements for PCN (Penalty Charge Notice) management at Liverpool and Heywoods Heath, in partnership with Asteria Parking. This collaboration is a strategic move to enhance our footprint in these regions and streamline parking management services. - Ongoing Talks for London Car Parks
Although details remain confidential, Care Park UK is currently in discussions with three new London car park sites. These potential acquisitions are expected to contribute significantly to our expansion strategy. - Oxford Street West Car Park Lease Negotiations
Negotiations have commenced to secure a new 5-year lease at Oxford Street West car park. This potential deal underscores our continued focus on high-traffic, strategic locations in key metropolitan areas.
Market Conditions and Emerging Trends
The UK parking industry is experiencing a notable shift, with a growing trend toward lease agreements rather than traditional management contracts. This evolving landscape presents both challenges and opportunities, particularly in the area of Penalty Charge Notice (PCN) management, which has emerged as a significant growth area for Care Park UK.
While the PCN market is booming, Care Park UK currently relies on third-party companies to issue these notices due to DVLA restrictions. However, we are actively working to secure the ability to issue PCNs ourselves and are in discussions with the DVLA to make this happen. Our website is already equipped to handle direct PCN payments, which positions us well for future growth in this sector.
Looking Ahead
Care Park UK remains committed to growth and innovation, with a clear focus on expanding our operations, enhancing our service offerings, and adapting to the changing needs of the market. As we continue to navigate industry shifts, we are excited about the opportunities that lie ahead and are confident in our ability to stay at the forefront of parking management in the UK.
Stay tuned for more updates as we continue to expand and evolve!