The names of the two riders killed when they were hit by a lorry on the A30 on Tuesday morning have been revealed as Toby Wallace, 36 and Andrew McMenigall, 47.

As was speculated at the time, the two had just started a Land's End to John O'Groats ride when they were hit, according to a report from the BBC.

The two were colleagues at Aberdeen Asset Management where Andrew McMenigall, from Edinburgh, was a senior investment manager and Toby Wallace worked in the company's Philadelphia office.

They were riding the length of Great Britain to raise funds for the Kirsten Scott Memorial Trust, which was set up in memory of a colleague who lost her battle with cancer in October 2011.

Athletes & family men

Toby and Andrew were dedicated sportsmen and cyclists. Andrew McMenigall was a triathlete who had graduated as an Army officer from Sandhurst then qualified as an MBA at Edinburgh University. He was married and had two daughters.

Toby Wallace also leaves a wife. He was a senior relationship manager at Aberdeen Asset Management, joining the company in 2000 after graduating from Jesus College Cambridge.

He had been a member of the winning team in the 1998 and 1999 University Boat Races and had been part of an eight-man crew that rowed across the Atlantic in 2012 to raise money for the Kirsten Scott Memorial Trust.

Dedicated and popular

Martin Gilbert, chief executive of Aberdeen Asset Management, said: "I knew both Andrew and Toby well.

"They were dedicated and popular members of our senior team. The fact that they died in such tragic circumstances while trying to help others less fortunate tells you much about their selflessness and humanity.

"This is a terrible time for the company. More importantly our thoughts are with the families of Andrew and Toby.

"We will be doing everything we can to support them."

Andrew Scott, Kirsten's brother and one of the trustees of the Kirsten Scott Memorial Trust, said: "We learnt on Tuesday evening of the terrible news that Toby Wallace and Andrew McMenigall had both died in a cycling accident.

"Their fund raising efforts have meant so much in helping to establish a trust in Kirsten's name to support young people under 26.

"We are all devastated to learn of this dreadful accident. Our thoughts and prayers are with Toby and Andrew's families and friends at this sad time."

Driver arrested

The driver of the lorry, a man in his 30s from Holsworthy in Devon, was arrested on suspicion of causing death by dangerous driving and released on police bail.

Pictures from the scene showed the lorry carrying the logo of Launceston, Cornwall company Frys Logistics.

The driver of the lorry, a man in his 30s from Holsworthy in Devon, was arrested on suspicion of causing death by dangerous driving and released on police bail.

Pictures from the scene show the lorry carrying the logo of Launceston, Cornwall company Frys Logistics.