Bargain Booze has posted a decline in pre-tax profits despite an increase in full-year sales.

The discount off licence chain recorded a 3.9% increase in full-year sales to £395.3m while pre-tax profits slipped 7.7% to £11.5m in the year to April 30.

The 670-store retailer said it was “satisfied” with the performance in its accounts filed at Companies House.

The directors said: “The company displayed continued turnover growth and the franchised estate continued to grow in numbers, underlying the attractiveness of the franchise proposition.”

The company is on the hunt for a chief executive after managing director Tim Stanley stepped down from the role in July.

Stanley will take up a non-executive role after 17 years with the company.