UK Asset Resolution (UKAR) is a unique company established to manage the wind-down of the government owned businesses of Bradford & Bingley and NRAM with the purpose of repaying our £49bn debt to the taxpayer. Following the outsourcing of our mortgage servicing operations, UKAR is comprised of approximately 140 colleagues, focussed on oversighting the service our 148,000 customers receive and on undertaking further asset sales. By the end of the 2017/18 financial year we expect to have repaid £38bn of the government debt and our focus will turn towards repayment of the final £11bn.
Colleagues are the differentiating factor in ensuring we achieve our business objectives. Although we are not able to offer long-term careers, we do offer interesting, rewarding and challenging opportunities for colleagues in a variety of areas and promote a culture that supports, develops and challenges individuals to deliver success. Flexible working is an important part of our reward offering as it enables us to retain and recruit experienced and skilled colleagues. We offer part-time opportunities and compressed hours to accommodate the needs of colleagues and their personal circumstances, in particular working parents and carers.
The ability for colleagues to balance their work and home life is part of our objective of being a ‘Great Place to Work’ and 20% of our colleagues have flexible working arrangements in place.