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UK Asset Resolution Limited (UKAR) is responsible for meeting the contractual obligations and managing the remaining liabilities and other strategic matters arising out of the Government’s former...

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).

UK Asset Resolution Ltd - Annual Report and Accounts for the 12 months to 31 March 2022.

Resolution is a way to manage the failure of a bank, building society, or central counterparty. We use it to minimise the impact on depositors, the financial system and public finances. Using resolution to manage failure in an orderly way, allows us to: Maintain critical functions Protect public money Protect financial stability

UK Asset Resolution Limited Annual Report & Accounts 2021. 4. UKAR Group overview (continued) Key Facts . 31 March 2021 31 March 2020 . Number of customers . 2. 27,200 . 30,400 Outstanding customer balances . 2 - £5.0bn Employees . 78 . 108 . 2

On 26 February 2021, UK Asset Resolution (UKAR) agreed the sale of the issued share capital and remaining mortgage and loan portfolios of Bradford & Bingley plc and NRAM Limited and their subsidiary companies in a transaction worth around £5 billion.