 | |
| Company type | State-owned limited company |
|---|---|
| Industry | Finance |
| Founded | October 2010 |
| Headquarters | 27–28 Eastcastle Street, London , England, UK |
Key people | John Tattersall, Chairman |
| Products | Financial services |
| Total assets | £343m (2023) |
| Owner | HM Government |
Number of employees | 0 (2023) |
| Parent | UK Government Investments |
| Website | www |
UK Asset Resolution (UKAR) is a British financial services holding company with headquarters in the West Yorkshire village of Crossflatts (near Bradford & Bingley's former headquarters in Bingley).[1] It was established in October 2010 as a bad bank to hold the two run-off elements, Bradford & Bingley (including the Mortgage Express brand) and NRAM plc (previously known as Northern Rock Asset Management), of the two nationalised banks in the wake of the financial crisis of 2007 and 2008.
Having completed the disposal of the final mortgage books in October 2021, UKAR now has no employees. It remains a government-owned entity, with PricewaterhouseCoopers handling any activities that arise as it is wound down.
- ^ "UK Asset Resolution Company no. 07301961". Companies House. Retrieved 14 November 2013.