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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 - Wikipedia
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Welcome to UKAR. UK Asset Resolution Ltd (UKAR) is wholly owned by HM Treasury (HMT) whose shareholding is managed by UK Government Investments (UKGI). UKAR is responsible for meeting the contractual obligations and managing the remaining liabilities and other strategic matters arising out of the Government’s former ownership of NRAM Ltd ...
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).
About Us. UK Asset Resolution Ltd (UKAR) was established in 2010 to manage the orderly wind down of the Government owned businesses of NRAM Ltd (NRAM), Bradford & Bingley (B&B), Mortgage Express (MX) and their respective subsidiaries (“the companies”). UKAR’s objective was to develop and execute an investment strategy for disposing of the ...
Explore the topic. Government efficiency, transparency and accountability. 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
UK Asset Resolution Ltd (UKAR) confirms that it has agreed to sell the issued share capital of Bradford & Bingley plc (“B&B”) and NRAM Ltd (“NRAM”) and their remaining mortgage and loan portfolios to a consortium comprising Davidson Kempner Capital Management LP (Davidson Kempner) and Citibank (Citi).
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.
Central government net cash requirement (excluding UK Asset Resolution Ltd and Network Rail) was £23.9 billion in November 2020, bringing the current financial year-to-November total to £284.7 billion, around three times the highest cash requirement in any other April to November period since records began in 1984.