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Private company imposing restrictions and fines on a public road

My daughter lives on a large estate where all the roads are adopted by the local authority. There is a problem about street parking but as most houses have only a single drive many owners have to park on the street as do visitors. There is a management company which looks after grass verges etc but not the highway. The management company is now proposing to appoint a private company to put up notices and collect parking fines for cars without a permit . Can they do this and if they issue a ticket are any fines enforceable? This is not the Council and as far as I’m aware no yellow lines are on the road and the Council hasn’t put any notices up on street posts or anywhere else. I need to pass this information back to my daughter so can anyone give me a definitive reply, quoting case law or legislation if possible ? 

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