Sir Chris strikes gold with Trackstars firm

Sir Chris Hoy has enjoyed golden success away from the velodrome after his company made more than £1 million.

Sir Chris Hoy is Britain's most successful Olympian, with six gold medals. Picture: Ian Rutherford

The Edinburgh-born cyclist’s earnings are revealed in company records, which do not take into account his lucrative deals from sponsorships since his success at London 2012.

Sir Chris, 37, has featured in many TV adverts and billboard campaigns after winning a record six Olympic gold medals – including triumphs in the team sprint and keirin last summer.

Records at Companies House – which only go up to the end of June, a month before the UK hosted the Olympics – show his Trackstars firm has total assets of £1.2m. This includes £530,000 in investments and £259,165 in a bank account. The papers reveal the remarkable impact his cycling success has had on the business’s fortunes.

He set up Trackstars Ltd in 2005, a year after winning gold in the 1km track time trial at the Athens Olympics. At the time, Sir Chris – who hopes to compete in the 2014 Commonwealth Games in Glasgow – was earning only £24,000 a year from lottery grants and small-scale sponsorship deals.