According to the federation's finance director Kevin Waterman, the organisation lost £1.64m in the year to 9 May 2007, which equated to £6,300 per working day.

The RMIF has refuted this figure, saying that major costs incurred during this accounting period were non-recurring.

According to a spokesman, these costs included the pay-off of the organisation's pension deficit and redundancy payments. As previously reported in Motor Trader, the only factor that saved the RMIF from finishing in the red overall was the £25.5m sale of its profitable Remit training arm to Carter & Carter in May 2006. The organisation was able to report this sale as a positive in its 2007 report by shifting its accounting period to the year ending 9 May 2007. The disposal of Remit was intended to address the organisation's £5.6m pension deficit but according to Waterman the RMIF is still awaiting the final payment.

Waterman confirmed that some of the money owed for the acquisition of Remit had been deferred. The federation received about £18m in cash from Carter & Carter, he said, with the remaining sum put on hold as the RMIF had to put about half of the amount into an escrow account, overseen by lawyers during the transaction between the two companies. Such an account, a legal arrangement to manage transactions, was deemed necessary to assure Carter & Carter that the pension liabilities for Remit owed by the RMIF were settled before a full acquisition took place. Waterman said the federation expects to receive the remaining sum from Carter & Carter over the coming months. Meanwhile, Carter & Carter has had its own share of problems which saw it suspend its shares in October following uncertainty regarding its financial situation. The company issued two profit warnings in the summer and its market value in October had plummeted to £34m – in April the training provider was valued at £526m.