Tycoon Mike Ashley’s Frasers Group has put back publication of its annual results for the second year running.

Frasers Group, which comprises department store business House of Fraser, fashion specialist Flannels and Sports Direct, had been scheduled to publish preliminary results tomorrow. They will now be issued on Thursday August 20 instead.

The retailer said the delay was because some details still had to be “completed and reviewed” to comply with accounting rules and that there was no cause for alarm.

Frasers Group said: “Due to the undoubted scrutiny of our accounts, management and our auditors RSM will take this extra week to robustly review the final accounts and ensure that all necessary disclosures have been completed.

“For the avoidance of doubt we can confirm there are no significant matters to address outside of normal audit completion procedures and the final accounts disclosure review.”

Last year Frasers Group was forced to delay publication of its results after being hit by problems such as the emergence of a £614m Belgian tax bill. The results were a week later than expected and delayed several times on the day of publication.

The mess led to the resignation of the retailer’s auditor at the time, Grant Thornton, which was eventually replaced by RSM.