Rangers boss Steven Gerrard boosts value of his personal firm to £7million

RANGERS manager Steven Gerrard's boosted the value of his personal company to £7million last year.

The Liverpool legend set up Steven Gerrard Promotions during his playing career to channel his off field income from the likes of sponsorship deals.

And new figures show he is continuing to rake in the cash three years after he hung up his boots.

Accounts filed at Companies House for the 39-year-old's firm show its has net assets of £6,963,562.

That includes an investment portfolio worth £6m, cash held in a bank account and money owed to it by debtors.

The company made a profit of more than £500,000 for the year up to March 31, 2019 and its value increased by more than £113,000 on the previous year's figure.

Gerrard is secretary and co-director of the company along with his brother Paul.

The accounts show he has invested more than in £280,000 in launching his own brand of bottled water called Angel Revive.

He has previously plugged the product on his Instagram account and it has been described as "the only naturally alkaline water brand produced in the UK".

The Gers boss has his own clothing brand called SSG Apparel and has also used his social media accounts to endorse a number of products including scented candles.

Figures released in October showed the former midfielder gave away more than £55,000 to good causes in the last year through his charitable foundation.

The Steven Gerrard Foundation was set up in 2011 to provide additional funding for a range of children’s charitable organisations and projects.

Gerrard was appointed Rangers manager in June, 2018, and his side currently sit two points off the top of the Scottish Premiership with a game in hand after beating Celtic 2-1 on December 29.

Last month he signed a two-year extension to his contract which will keep him at the club until the summer of 2024.