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Department store retailer Dunnes Stores bolstered its UK arm’s cash reserves in 2014–15.


Its ultimate UK holding company (Dunnes Stores Bangor Ltd) ended its latest financial year with £175.4m in the bank, up from £104.2m from its previous year-end.


The increase was mainly attributable to a reduction in the amounts owed by other companies in the group, with intra-group debtors falling from £117.9m to £55.6m year-on-year.


Dunnes Stores trades across Ireland, Northern Ireland and Scotland, with a handful of shops in England too. It sells merchandise spanning everything from food and fashion through to home furnishings including furniture.


Trading was weaker than the previous year, though still strong. The UK-registered business made £11.4m on sales of £136.9m in the year to end January, having made £13.9m on £140.5m 12 months prior.