The online retailer Wiggle has provided a welcome boost to its private equity owners Bridgepoint with a strong set of annual results. The mid-market buyout firm had been accused in some quarters of over-paying for the business last December.

Wiggle, the sporting goods retailer that specialises in bicycle equipment and kit for swimmers and triathletes, posted revenues of £118.6m for the year to February 5, 2012, according to results from Wiggle Ltd published this week on Companies House.