NRAM

NRAM:

• In February 2008 HM Treasury (HMT) acquired all the shares in Northern Rock plc, with £37bn of funding provided by the UK Government. The company was split into Northern Rock plc and Northern Rock (Asset Management) plc.
• UK Asset Resolution Ltd (UKAR) became the holding company for Northern Rock (Asset Management) plc in 2010. The Government debt at that time was £21.7bn.
• The Government’s shareholding in Northern Rock plc was sold to Virgin Money in January 2012.
• In 2014, Northern Rock (Asset Management) plc was renamed NRAM plc.
• In 2016, Cerberus acquired NRAM plc as part of an asset sale transaction. Assets and liabilities not included in the sale were transferred to NRAM Ltd (a subsidiary of UKAR).
• By April 2019, the taxpayers’ £21.7bn interest in NRAM Ltd had been repaid in full.
• In October 2021, NRAM Ltd was returned to the private sector.
• On 10 December 2025, NRAM Ltd was put into liquidation by its private sector owners.

If you were previously a customer of NRAM, this company is not owned by UKAR and its owner has now put it into a Members’ Voluntary Liquidation. For an appropriate length of time, expected to be not less than two years, UKAR has agreed to handle certain queries and complaints in place of NRAM Ltd (in liquidation).

Further details regarding who to contact regarding any queries or complaints relating to your former NRAM account, are in the Options for former customers of NRAM, B&B and MX section of our website.