Sir Philip Green's Arcadia retail empire reported a huge loss in its latest accounts.
The report covers the year before its move to shake up the business with a radical recovery plan.
Documents filed at Companies House for the year to September 2018 show a loss of £177.3 million for Taveta Investments.
That's compared to a profit of £49.4 million posted in the previous year.
The group said £217.1 million in exceptional costs were incurred over the reporting period, meaning it made a small profit on an underlying basis.
The accounts show the health of Arcadia's business in the run-up to a series of Company Voluntary Arrangements (CVAs), which it proposed in May as part of a wider three-year recovery plan.
Landlords eventually voted through the plans in June, giving the green light to close 23 stores and slash rents on many more, though Sir Philip and his wife were forced to offer some concessions funded from their own pockets to get approval for the measures.
Other elements of the recovery plan included pushing its US operations into administration and shuttering an additional 25 Evans and Miss Selfridge stores.
But the group revealed in its latest filings that the recovery plan faces another obstacle later this year when the mortgage on its Oxford Street store comes up for renewal.
The mortgage of £310 million on the address was due for repayment in June this year, but the facility was extended until December.
Arcadia is currently in discussions to secure fresh financing for it. The building has been partly let to other brands as Arcadia seeks to minimise its costs.
Vans is to take over the former Miss Selfridge portion of the building, while current tenant Nike has expanded its store to an additional floor.
Arcadia said it was confident of getting new finance with a reasonable rate of interest.
Meanwhile the group revealed that it is to list its brands with high street retailer Next, following similar moves to partner with both Asos and Very as third party sellers.
