Largely overrated tat trading on heritage. Roger, it’s not £1 billion, it’s £1.78 billion and yes it’s what they have in the bank. A quick Google would’ve corrected your thoughts. Motability Foundation’s reserves rise to £1.78bn amid ‘record’… Charity 100 Index: Motability sets up foundation to manage its £1bn endowment fund. 01 Feb 2021 Research. Motability Operations CEO quits after damning NAO report. … MPs criticise ‘bloated’ Motability reserves in committee hearing.
The latest accounts available for Motability Operations Limited for the year ending September 30, 2021, show the company made a profit of £526.6m in 2021 – up from £101.8m in 2020. The profits are held within the company and used for the benefit of the scheme.
During the year, the company made charitable donations of £170m – up from £52m in 2020.
Revenue for the year was £4.49bn.