Troubled shirtmaker Austin Reed more than quadrupled its pre-tax losses to £5.4m in the year to January 31, shortly before it entered a company voluntary arrangement.
Companies House filings show it made a loss of £1.3m loss the previous year.
Turnover at the business, which also runs the Viyella and CC womenswear brands, fell 7.8% to £100.5m.
Austin Reed said the loss was caused by the closure of 20 stores during that period. Its website now generates more revenue than its 166 stores, some of which continue to make a “significant” loss.
In February Austin Reed’s creditors approved plans to wind up trading of an additional nine Austin Reed and 22 CC stores as part of the CVA. Most of those have now closed.
In August the business appointed property agents to sell its 35,000 sq ft Regent Street flagship. It is understood a sale is likely be completed in time for a new tenant to move in by Christmas.