BURY have announced a £2.5 million trading loss for the season 2015/16.

The Shakers lost £210,000 per month between June 2015 to May 2016, according to the accounts released on Companies House.

However, the figure is reduced from the £2.9 million deficit faced in the previous financial year 2014/15.

While the club ran at an operating loss, the figure owed to creditors was reduced from £5.1 million to £4.3 million.

The club has continued with a £7.5 million credit facility to ensure the immediate future of the club.

But the credit facility has transferred from SG Sports Management, which was dissolved in September 2016, to Mederco (BFC) Limited, which is also owned and directed by chairman Stewart Day.

Meanwhile, staff costs from Bury’s first year back in League One rose by £1 million to £4.2 million, while shares also increased by three million to £7.2 million.

In a strategic report published on Companies House, chairman Stewart Day wrote: “From a financial point of view, the 2014/15 season saw our losses peak at £3m. It was important we started to work our way towards the break-even point and make us more financially sustainable.

“Our losses in the 2015/16 season reduced to £2.5m and we continue our efforts to improve the business efficiency and increase our revenues to reduce this further.

“Our losses for the 2016/17 season will show a further improvement.”