BURY have announced an annual trading loss of £2.9 million for the season 2014/15.

The Shakers lost £240,000 per month from June, 2014 to May, 2015 according to accounts released on the Companies House website.

The figure owed to creditors rose from £2.7 to £5.1 million.

However, the club does not appear to be in any immediate financial trouble as SG Sports Management, a company which chairman Stewart Day and chief executive Glenn Thomas owned and directed until Day stepped down in February this year, have agreed a "credit facility" of £7.5 million if required to secure the immediate future.

Any money made available to the club through the facility may be transferred into equity if required, but cannot be requested back until next May.

Auditors noted their concerns about the financial sustainability of the business if the agreement with SG Sports was not in place.

Bury have also increased the valuation of their fixed assets from £1.2 million to £6 million.

The inflation of almost 500 per cent comes following the revaluation of the club's assets at the end of the League Two promotion-winning campaign.

Also, the Shakers managed to raise more than £1 million from selling additional shares, with more than four million now in circulation.