Posted by: westlancashirerecord | August 24, 2018

Should We Avoid Two Saints Car Park?

Perhaps we might, after reading the letter to the Champion that describes a recent experience there of an elderly disabled person who is “Angry and upset”. It’s Parking Eye again, having placed a charge notice for £100 on a car displaying a blue disabled driver badge .

ParkingEye Limited  was until recently a privately owned “arrangement” inasmuch as it had been acquired by Capita, not so fondly named “Crapita” by some who are unfortunate enough to suffer from their services. But on 12 July 2018 it announced “Capita announces today that it has reached an agreement to sell its parking management business, ParkingEye, to a vehicle owned by Macquarie and funds advised by MML Capital Partners for a cash consideration of £235m. The transaction is expected to close later this year. The transaction is in line with Capita’s strategy of simplifying the business, focusing on growth markets and disposing of non-core businesses”.

ParkingEye’s underlying revenue and operating profit were £40m and £14m respectively in the year to 31 December 2017  and the business had gross assets of £22m. In Capita’s half year results, ParkingEye will be reported as a business exit in non-underlying items. The cash proceeds will be used to reduce net indebtedness. Jon Lewis, Chief Executive Officer, Capita, said “This transaction marks a further step in executing the strategy announced in April aimed at simplifying and strengthening the business to deliver future success”.

Notwithstanding all of that, ParkingEye claims it can provide no cost parking solutions that can help private land owners and managing agents dramatically increase parking compliance and space availability, as well as: – Reducing abuse, over-stays and unwanted parking; Improving the income potential of your car park; Deterring anti-social behaviour and improving parking safety; Decreasing the costs of operating your car park; Dramatically improving the customer experience. Our dedicated teams currently provide tailored solutions to over 3500 sites nationwide. All installation, management and on-going maintenance can be completely free of charge and once installed your account managers will run the site for you as if it was their own. It’s as simple as that”.

“Angry and upset” might be disappointed to read that “Know Your Parking Rights ” states “Parking on private land…There are no statutory concessions for Blue Badge holders on private land, or in local authority car parks, but most car park operators will provide spaces for them. They may be charged for so always check local rules and signs”. It’s big business, as the figures above prove. Sadly for “Angry and upset” he fell foul of the invalid appeal email address, so his appeal went unheeded and he paid £60 to avoid paying £100. As ParkingEye states “It’s as simple as that” to lose your money!

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: