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Profits at legendary jockey AP's firm jump to £2.2m

By Gordon Deegan

Published 24/05/2016

Former jockey Tony McCoy with his wife Chanelle
Former jockey Tony McCoy with his wife Chanelle

Retired champion jockey Sir Tony McCoy can console himself with his retirement from the sport with accumulated profits at his firm last year jumping to £2.2m.

The 20-time champion jockey from Co Antrim retired last year after an illustrious career in the sport and new accounts at McCoy's AP Enterprises Ltd last year show that profits jumped by £525,941.

The new figures just filed with Companies House in the UK show the 42-year-old's retirement has been softened somewhat with the growing wealth at his firm.

Accumulated profits at the company last year jumped from £1.67m to £2.2m.

The value of the firm's investments last year jumped from £969,281 to £1.3m.

The record profits followed profits increasing by £384,362 in 2014, £297,528 in 2013 and by £281,350 in 2012.

Its cash pile increased more than seven-fold from £14,978 to £102,899 in the 12 months to the end of May 31 last year.

The firm also had investments totalling £105,619 in Burke & McCoy EOOD, a land investment company in Bulgaria that is controlled by McCoy's wife Chanelle Burke.

The accounts show that at the end of May 31 last year, the company was owed £724,674 by Tony McCoy - up from the £673,402 owed to it at the end of fiscal 2014.

McCoy was the biggest name in jump racing before quitting. He has broken almost every bone in his body, including two lower vertebrae, both shoulder blades, his cheekbones, ribs, tibia, fibula, wrists and collarbone.

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