DOUBLE Wimbledon and Olympic champion Andy Murray has seen profits at his management company increase to more than £4 million in its latest financial year.

New accounts for 77 Management, named after the 77-year wait for a British men’s singles winner at Wimbledon ended by the Scottish star in 2013, show that it made a pre-tax profit of £4.3 million in the year ended November 30.

The company, which manages the Dunblane star’s image rights and is the vehicle through which he owns the luxury Cromlix House Hotel in Perthshire, had booked profits of £3.6 million the year before. Its turnover dipped below £7m against the £7.3m booked in its prior year accounts.

Murray, who crashed out of the US Open at the quarter-final stage this week, is understood to be the outright owner of 77 Management.

The accounts show that 77 Management ended the year with shareholder funds of £16.4m, compared with £13.1m at the end of its previous financial year.

Murray was owed nearly £6.6m by 77 Management at year-end, according to the accounts, compared with around £4.9m when its accounts for 2014 were filed.

The accounts also show that company incurred service fees from Murray amounting to £1.4m last year, up from £2.3m in 2014.

The results cover the period during which Murray helped Great Britain win the Davis Cup for the first time in 79 years.