Andy Murray’s company worth more than £16m

Andy Murray.
Andy Murray.
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TENNIS star Andy Murray’s personal company has boosted its value to more than £16 million in the past year, new figures have revealed.

The 29-year-old has coined in the huge sum through a string of lucrative merchandising and sponsorship deals as well as property investments.The impressive set of business results will be a consolation to the Scots star after he was knocked out of the US Open in the quarter-final last week.

Latest accounts for his firm 77 Management show that it made a profit of £3.4m after tax for 2015, up £500,000 from the previous year.

However, the value of the company has soared from £13,069,532 to £16,438,039 although its turnover for the year was down from £7,271,101 to £6,948,818.

Murray, who changed the name of the company from Parched Investments to 77 Management to mark him becoming the first British male in 77 years to win Wimbledon, paid himself £1.3m in the past 12 months.