Donald Trump's Scottish resorts report losses of £8.4m

12 October 2016 by
Donald Trump's Scottish resorts report losses of £8.4m

Donald Trump's resorts in Scotland reported pre-tax losses of £8.4m last year, according to accounts filed at Companies House.

The Republican nominee in the forthcoming US presidential election operates two properties - Menie Estate in Balmedie, Aberdeenshire and Trump Turnberry in Ayrshire (pictured

Golf Recreation Scotland saw turnover increase by 24% to £11.4m to the year 31 December 2015, while the pre-tax loss more than doubled, compared with 2014.

The five-red-AA-star, 157-bedroom Turnberry resort, which Trump's company acquired for £39.5m in June 2014, saw turnover fall 13% to £11.4m, and the pre-tax loss of £1.4m increased from £1.1m the previous year.

Company accounts published for Menie Estate show losses of £1.1m for the year ended December 2015, compared with losses of £1.14m in 2014, although the business increased turnover to £3m.

Eric Trump wrote in his director's report for Turnberry that, upon completion of construction: "It is expected that revenue will increase as the property is re-established" and the directors "believe that the resort will return to profitability in the short to medium term".

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TagsFinance and Hotels
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