Retail Motor Industry Federation (RMIF) bought back ReMIT from Carter and Carter for £62,500 in April this year, after selling it for £25.5 million in May 2006.

It was sold to a shell company, Ingleby (1776), on 10 April 2008.

RMIF has said that the new company will be called ReMIT Ltd

Ingleby (1776) was incorporated on 2 April 2008 and has two directors - Kevin Waterman, RMIF finance director, and Rob Foulston, brought in as ReMIT chief executive from a division of Deutsche Bank.