YourParkingSpace is an

online marketplace An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a way ...

and parking reservation service for drivers looking to find and pre-book parking in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

. The website and mobile app feature over 350,000 privately owned and commercially operated parking spaces, which are available to book by the hour, day or month on a subscription basis. As of 2018, YourParkingSpace served over 50 cities across the country. The company is headquartered in Stratford,

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

History

Early beginnings

YourParkingSpace was founded by Charles Cridland in London in 2006 as a free platform connecting driveway owners with motorists searching for affordable parking. Joined by co-founder Harrison Woods in November 2013, the business was relaunched, and a limited company formed. Woods had recently sold Primal Parking, a similar online service which secured a £60,000 investment from

Theo Paphitis Theodoros "Theo" Paphitis ( el, Θεόδωρος Παφίτης; born 24 September 1959) is a Greek-Cypriot British retail magnate and entrepreneur. He is best known for his appearances on the BBC business programme ''Dragons' Den'' and as former ...

and Peter Jones on a 2012 episode of Dragons’ Den. In 2013, the company moved to Level39, Canary Wharf, London In May 2014, YourParkingSpace raised £250,000 in seed funding from Simon Margolis and Bill Clynes, founders of Premex Group and in June, YourParkingSpace moved into Level39,

One Canada Square One Canada Square is a skyscraper in Canary Wharf, London. It was completed in 1991 and is the third tallest building in the United Kingdom at above ground levelAviation charts issued by the Civil Aviation Authority containing 50 storeys. On ...

in Canary Wharf, London. Following the investment, in October 2014 YourParkingSpace announced a partnership with

NCP NCP may refer to: Science and medicine * Novel Coronavirus Pneumonia (a temporary name for COVID-19), an outbreak that was officially identified in late 2019. * HIV-1 nucleocapsid protein 7 (NCp7), a target of zinc finger inhibitors * Nucleosome ...

. This resulted in the integration of YourParkingSpace’s pre-book technology with NCP’s own systems, so that customers are able to access over 360 NCP car parks around the UK with a

QR code A QR code (an initialism for quick response code) is a type of matrix barcode (or two-dimensional barcode) invented in 1994 by the Japanese company Denso Wave. A barcode is a machine-readable optical label that can contain information about th ...

, bank card or ANPR technology. In January 2015, YourParkingSpace took its first £1 in revenue and claimed that by the end of 2016 they would be making more than £5.8 million for landlords. In January 2015, YourParkingSpace also partnered with Parkhound, an Australian parking marketplace. Operating in separate geographic markets, the partnership focused on the sharing of knowledge, insights and technology to accelerate each company's growth.

Growth and Expansion

In November 2016, Town Centre Securities PLC invested £1.9m in return for a 10% stake in YourParkingSpace. Over the following 3 months, the company expanded from 8 to 15 full-time employees. In December 2017, Town Centre Securities PLC took up the option to increase their stake to 15%. In 2018, YourParkingSpace grew in size grow in size to 28 full-time employees. In September 2018, YourParkingSpace appointed

Andrew Higginson Andrew Higginson (born 13 December 1977) is an English former professional snooker player from Widnes, Cheshire. He is best known for being the surprise finalist of the 2007 Welsh Open. Career Early years After some success in amateur tourn ...

as non-executive chairman. In addition to his role as chairman of Wm Morrisons Supermarkets plc, Higginson has served as Group Finance Director of Laura Ashley Holdings plc and The Burton Group plc., and spent 15 years as the Executive Director of

Tesco plc Tesco plc () is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. In 2011 it was the third-largest retailer in the world measured by gross revenues and the ninth-largest in th ...

, 11 years as Finance and Strategy director and 4 years as CEO of their Retail Services Division (Tesco.com, Tesco Bank, Tesco Telecoms and DunnHumby). In September 2020, YourParkingSpace secured a £5million investment from Pelican Capital. In 2022, the company was acquired by Flowbird.

Awards

YourParkingSpace has won awards for industry awards.

References

{{reflist Parking companies Mobile applications Technology companies __FORCETOC__