Nationwide Controlled Parking Systems posts operating profit before HQ lease cost

Operating profits at one of the country’s largest private car park operators last year more than doubled to €511,337.

New accounts filed by Nationwide Controlled Parking Systems Ltd (NCPS) show that revenues at the firm increased 23% to €15m in the 12 months to the end of August 2015.

However, it plunged into a loss before tax of €112,846 largely as a result of a €475,000 lease provision.