Olympic hero Sir Chris Hoy saw his company take in more than £1 million last year. The latest figures show the retired cyclist is still capitalising on his spectacular career. Latest accounts show total assets of £1,112,253.

Meanwhile tennis champion Andy Murray has announced new investments in UK start-ups, after showing his support for a crowdfunding platform.

The Scot is backing five businesses through Seedrs, investing undisclosed amounts into each.

His investments include Oppo Ice Cream, who make “guilt-free” luxury ice cream; CommuterClub, which helps commuters to fund season tickets; and Landbay which is the UK’s fastest-growing peerto-peer platform.

He also bought stock in We Are Colony , a global film-streaming platform; and Readbug, said to be the “Netflix for Magazines”.

Murray said: “Giving recognition and support to British entrepreneurs is important to me, especially those who are the driving force behind growth-focused businesses.”