The company has also returned to the black, recovering from an operating loss of £1.7m last year and posting a profit of £1.6m.

Frontier reported revenues of £22.8m for the year ended 31 May 2015, an increase of 139 per cent from £9.5m a year earlier.

EBITDA grew by 1,790 per cent to £6.1m from £300,000 in 2014.

At the end of August 2015, Frontier Developments had sold 825,000 paid units of Elite Dangerous and generated 84 per cent of group revenues via a self-publishing business model including associated merchandise.

Chief executive David Braben said: “This has been a great year for us, and the first part of our transition has been successfully completed.

“The process of the beta and then release of Elite Dangerous went very smoothly and the regular delivery of new elements for the game has helped build an ever-growing fan base. With our first franchise about to enter its second season, and the announcement of our second, Planet Coaster, Frontier is in a very strong position, and very well placed for an exciting future and further revenue growth.”