BURY chairman Stewart Day has assured supporters the club’s financial future is secure after they were taken to court for the second time in three months.

HMRC issued a second winding-up petition against the Gigg Lane outfit after the owners failed to pay their latest tax bill on time.

The case was dismissed at Monday’s High Court in London after the club’s representatives produced evidence of payment. However, Bury still had to foot the legal costs.

Day admitted the club had struggled with cashflow problems, but the chairman claimed there was nothing to be worried about.

“Am I worried about the finances? No, because I believe in what we are doing,” Day explained to BBC Radio Manchester.

“Yes there are things we are going to have to change. We can’t make assumptions about the attendances and hopefully we can develop things.

“We weren’t even in there for 30 seconds and it’s frustrating we have to pay the lawyers’ bills.

“Out of the two occasions this season when we have had to go (to court) it has happened very quickly when, if they (HMRC) would have waited for a couple of days it would have never got in the press and nobody would have ever been worried about it.

“So it is immensely frustrating and it is something as a business we are trying to learn from and develop.”

Following the latest winding-up petition, Day revealed his much-vaunted five-year plan to bring Championship football to Gigg Lane would have to be put on the backburner.

The chairman also dismissed speculation about the size of Bury’s wage bill, claiming it was one of the lowest in League One. In order to compete at the top end of the table, Day says he will need to bring in extra investment.

“At the moment the business is not ready for Championship football,” he said.

“I want this club to get to the next level. It’s going to take time. It’s probably going to take longer than the five-year period that I set out from day one. It’s probably going to take me a couple more years to get it to where I want it to be.

“We have planned for this season to try to keep a team in League One. That was my main aim, I didn’t want us to get relegated back to League Two, that would have been disastrous for the plan.

“Contrary to reports, we have one of the lowest (wage budgets) in the league so we are having to put a real investment structure into this business to try to take it to the next level.

“That is something we are learning about and I’m sure, with the plans we have put in place for the next few months, hopefully that will allow us to grow the business and move even further forward.”