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Improved the "Early beginnings" section, giving more detail about the company's background. Citations have been added to reference the information.
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=== Early beginnings ===
=== Early beginnings ===
YourParkingSpace was launched in 2006 by Charles Cridland<ref name=":0">{{Cite web|url=https://www.yourparkingspace.co.uk/company/about-us|title=About Us|website=www.yourparkingspace.co.uk|language=en|access-date=2017-04-18}}</ref>. In 2013, the company moved to Level39, Canary Wharf, London<ref name=":1">{{Cite news|url=http://www.wharf.co.uk/news/business/yourparkingspace-canary-wharf-aims-bring-11637130|title=What did the founders of YourParkingSpace in Canary Wharf say of their success?|last=McIntyre|first=Alex|date=2016-07-19|work=thewharf|access-date=2017-04-18}}</ref>
YourParkingSpace was founded by Charles Cridland in London in 2006<ref name=":0">{{Cite web|url=https://www.yourparkingspace.co.uk/company/about-us|title=About Us|website=www.yourparkingspace.co.uk|language=en|access-date=2017-04-18}}</ref> 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 <ref>{{Cite news|url=https://blog.hiyacar.co.uk/interview-with-yourparkingspace-bd21005afc27|title=Interview with YourParkingSpace – The hiyacar blog|date=2017-11-07|work=The hiyacar blog|access-date=2018-10-16}}</ref>. Woods had recently sold Primal Parking, a similar online service which secured a £60,000 investment<ref>{{Cite news|url=https://www.manchestereveningnews.co.uk/business/business-news/dragons-den-bbc-manchester-investment-11709387|title=Dragons' Den's most successful Manchester entrepreneurs|last=Begum|first=Shelina|date=2016-08-07|work=men|access-date=2018-10-16}}</ref> from [[Theo Paphitis]] and [[Peter Jones (entrepreneur)|Peter Jones]] on a 2012 episode of [[Dragons' Den (UK TV programme)|Dragons’ Den]]<ref>{{Cite news|url=https://www.manchestereveningnews.co.uk/business/business-news/primal-parking-sold-to-investor-5385572|title=Primal Parking sold to investor|last=Jupp|first=Adam|date=2013-07-31|work=men|access-date=2018-10-16}}</ref>. In 2013, the company moved to Level39, Canary Wharf, London<ref name=":1">{{Cite news|url=http://www.wharf.co.uk/news/business/yourparkingspace-canary-wharf-aims-bring-11637130|title=What did the founders of YourParkingSpace in Canary Wharf say of their success?|last=McIntyre|first=Alex|date=2016-07-19|work=thewharf|access-date=2017-04-18}}</ref>

Woods grew the product offering of YourParkingSpace to include commercial parking spaces which were under-utilised by local businesses, with a mission to give them the same marketing power as national car park operators with generous marketing budgets and large customer support teams.

In May 2014, YourParkingSpace raised £250,000 in seed funding from Simon Margolis and Bill Clynes, founders of Premex Group<ref>{{Cite news|url=https://www.bmmagazine.co.uk/get-funded/success-stories/yourparkingspace-celebrates-250000-funding-round-ncp-partnership/|title=Yourparkingspace celebrates £250,000 funding round with NCP partnership|date=2014-10-16|work=Business Matters|access-date=2018-10-16|language=en-GB}}</ref> and in June, YourParkingSpace moved into Level39, [[One Canada Square]] in Canary Wharf, London<ref>{{Cite news|url=https://www.level39.co/members/yourparkingspace/|title=YourParkingSpace - Level39|work=Level39|access-date=2018-10-16|language=en-GB}}</ref>.

Following the investment, in October 2014 YourParkingSpace announced a partnership with [[National Car Parks|NCP]]. 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, bank card or ANPR technology<ref>{{Cite news|url=https://www.bmmagazine.co.uk/get-funded/success-stories/yourparkingspace-celebrates-250000-funding-round-ncp-partnership/|title=Yourparkingspace celebrates £250,000 funding round with NCP partnership|date=2014-10-16|work=Business Matters|access-date=2018-10-16|language=en-GB}}</ref>.


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.<ref name=":1" />
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.<ref name=":1" />

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<ref>{{Cite news|url=http://www.parking-net.com/parking-news/yourparkingspace-parkhound-team-up|title=YourParkingSpace.co.uk and Australia’s Parkhound Team Up for Start Up Growth|last=Cridland|first=Charles|date=2015-01-13|work=Parking Network|access-date=2018-10-16|language=en}}</ref>.


== Investment and Partnership with Harrison Woods. ==
== Investment and Partnership with Harrison Woods. ==

Revision as of 09:26, 16 October 2018

YourParkingSpace is on online marketplace and parking reservation service designed to make parking easy for drivers looking to find and pre-book parking in the United Kingdom.[1] The website and mobile app feature over 350,000 privately owned and commercially operated parking spaces[2], which are available to book by the hour, day or month on a subscription basis.[3] As of 2018, YourParkingSpace served over 50 cities across the country. The company is headquartered in Canary Wharf, London.

History

Early beginnings

YourParkingSpace was founded by Charles Cridland in London in 2006[4] 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 [5]. Woods had recently sold Primal Parking, a similar online service which secured a £60,000 investment[6] from Theo Paphitis and Peter Jones on a 2012 episode of Dragons’ Den[7]. In 2013, the company moved to Level39, Canary Wharf, London[8]

Woods grew the product offering of YourParkingSpace to include commercial parking spaces which were under-utilised by local businesses, with a mission to give them the same marketing power as national car park operators with generous marketing budgets and large customer support teams.

In May 2014, YourParkingSpace raised £250,000 in seed funding from Simon Margolis and Bill Clynes, founders of Premex Group[9] and in June, YourParkingSpace moved into Level39, One Canada Square in Canary Wharf, London[10].

Following the investment, in October 2014 YourParkingSpace announced a partnership with NCP. 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, bank card or ANPR technology[11].

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.[8]

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[12].

Investment and Partnership with Harrison Woods.

Harrison Woods featured on Dragon’s Den in 2012 with his original parking space startup, Primal Parking. Woods’ pitch was to link homeowners who had unused parking spaces to drivers looking for bays, which earned him an investment from Peter Jones and Theo Paphitis.[13]

Woods went on to sell Primal Parking before purchasing a stake in YourParkingSpace[14], becoming partners with founder Charles Cridland in December 2013[4]

YourParkingSpace later raised investment from Town Centre Securities, who owned a 15% stake in the company as of December 2017[15].

Service Overview

YourParkingSpace can be accessed via its website and mobile applications for iOS and Android[16]. It is free for drivers and space owners to register and create an account. The online platform brokers hourly and daily parking reservations, as well as monthly parking on a subscription basis. Drivers are able to book parking instantly, manage their bookings and leave reviews about parking spaces to help other drivers make informed decisions.

YourParkingSpace operates a customer support line which is open 7 days a week.

Space owners receive bookings at prices of their own choice, based on the availability they set in the online calendar. They are able to manage their listings and bookings via the website. Space owners receive payment for earnings on the first business day of each month[17].

YourParkingSpace does not own any of the parking spaces or real estate listed on the platform. The company receives a service fee paid by the driver, which is calculated as a percentage of the parking price set by the space owner. This is automatically included in the total booking fee.[18]

Partnership with Parkhound

In January 2015, YourParkingSpace partnered with Australian car parking marketplace, Parkhound[19]

Awards

Year Award Category Result Ref.
2018 VWFS Startup Battlefield n/a 3rd [20]
2018 Leap 100 Companies n/a Named in 2018 Leap 100 [21]
2018 British Parking Awards Young Parking Professional of the Year Won [22]
2018 British Parking Awards Parking Person of the Year Finalist [23]
2018 British Parking Awards Parking Team of the Year Finalist [24]
2017 British Parking Awards Parking Partnerships Award (with Confused.com) Finalist [25]
2017 British Parking Awards Young Parking Professional of the Year Finalist [26]
2016 British Parking Awards Young Parking Professional of the Year Finalist [27]
2016 British Parking Awards Intelligent Parking: Parking Futures Award Finalist [28]

References

  1. ^ "Scots cash in by hiring car space to commuters". Retrieved 2018-10-08.
  2. ^ Williams, Francesca (2014-12-17). "Are private drives the new car park?". BBC News. Retrieved 2018-10-08.
  3. ^ "Parking Spaces That Could Make You Rich". Retrieved 2018-10-08.
  4. ^ a b "About Us". www.yourparkingspace.co.uk. Retrieved 2017-04-18.
  5. ^ "Interview with YourParkingSpace – The hiyacar blog". The hiyacar blog. 2017-11-07. Retrieved 2018-10-16.
  6. ^ Begum, Shelina (2016-08-07). "Dragons' Den's most successful Manchester entrepreneurs". men. Retrieved 2018-10-16.
  7. ^ Jupp, Adam (2013-07-31). "Primal Parking sold to investor". men. Retrieved 2018-10-16.
  8. ^ a b McIntyre, Alex (2016-07-19). "What did the founders of YourParkingSpace in Canary Wharf say of their success?". thewharf. Retrieved 2017-04-18.
  9. ^ "Yourparkingspace celebrates £250,000 funding round with NCP partnership". Business Matters. 2014-10-16. Retrieved 2018-10-16.
  10. ^ "YourParkingSpace - Level39". Level39. Retrieved 2018-10-16.
  11. ^ "Yourparkingspace celebrates £250,000 funding round with NCP partnership". Business Matters. 2014-10-16. Retrieved 2018-10-16.
  12. ^ Cridland, Charles (2015-01-13). "YourParkingSpace.co.uk and Australia's Parkhound Team Up for Start Up Growth". Parking Network. Retrieved 2018-10-16.
  13. ^ "Young businessman sells his thriving parking space rental company". The Bolton News. Retrieved 2017-04-18.
  14. ^ Begum, Shelina (2014-05-06). "Harrison parks up with latest venture". men. Retrieved 2017-04-18.
  15. ^ "Half year results to Dec 17 - Town Centre Securities". Town Centre Securities. Retrieved 2018-08-07.
  16. ^ "Mobile Car Parking App To End Pay-And-Display - FleetPoint". FleetPoint. 19 June 2017.
  17. ^ "When do I get paid?". YourParkingSpace.
  18. ^ Brehse, Tami. "This Multi-Million Dollar Business Solves Every Driver's Nightmare: Parking".
  19. ^ Cridland, Charles (2015-01-13). "YourParkingSpace.co.uk and Australia's Parkhound Team Up for Start Up Growth". Parking Network. Retrieved 2017-04-18.
  20. ^ Bexiga, Sónia (2018-07-29). "Portuguesa Collector entre finalistas do "VWFS Startup Battlefield"". O Jornal Económico (in European Portuguese). Retrieved 2018-09-18.
  21. ^ "The Leap - Bringing together the leaders of the UK's most exciting fast-growth businesses". The Leap. Retrieved 2018-09-18.
  22. ^ "The Finalists | British Parking Awards 2018 copy". www.britishparkingawards.co.uk. Retrieved 2018-09-18.
  23. ^ "The Finalists | British Parking Awards 2018 copy". www.britishparkingawards.co.uk. Retrieved 2018-09-18.
  24. ^ "The Finalists | British Parking Awards 2018 copy". www.britishparkingawards.co.uk. Retrieved 2018-09-18.
  25. ^ "British Parking Awards 2017 Finalists". www.britishparkingawards.co.uk. Retrieved 2018-09-18.
  26. ^ "British Parking Awards 2017 Finalists". www.britishparkingawards.co.uk. Retrieved 2018-09-18.
  27. ^ "Finalists | British Parking Awards 2016". www.britishparkingawards.co.uk. Retrieved 2018-09-18.
  28. ^ "Finalists | British Parking Awards 2016". www.britishparkingawards.co.uk. Retrieved 2018-09-18.
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