A schoolboy is raking in £30,000 a month from a business he runs in his spare time.

Gary Cooper, 16, employs four staff selling mobile phones and gadgets on the internet, reports The Sun.

During the day he studies for four A-levels at Southend High School for Boys in Essex. But before and after lessons he runs his business.

Gary, who believes the firm will make its first £1million in a few years, pays himself £500 a month and is saving for a speedboat.

He said: "My staff look after day-to-day running. That leaves me free to oversee major items and get school work done."

Gary, from Benfleet, Essex, even has a deal with Southend United FC to put his firm's name GC's PCs on the scoreboard.

-Nova