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Trump Scottish golf resort continues to lose £1m

Donald Trump.
Donald Trump.

Donald Trump’s Scottish golf resort has continued to lose more than £1 million a year.

The financial performance of the US Republican presidential candidate’s development on the Menie Estate north of Aberdeen was slightly improved in 2015, however.

Turnover was up 7.4% at £3m but sales costs were up by more than £100,000 at £2.7m.

The pre-tax loss was £1m, a small improvement on the previous year’s deficit of £1.14m.

Director Eric Trump, one of the controversial businessman’s sons, said the third full playing season saw the completion of the clubhouse and a new sales and marketing team engaged.

Capital investment in retail, food, beverage and other guest facilities resulted in the award of five-star status.

Individual memberships of £2,495 per person were introduced on top of pay-and-play, with a round costing £215 in the high season.

Eric Trump said the high green fees resulted in increased revenues and a stabilisation of footfall.

The 7.4% rise in overall revenues was achieved in spite of the economic downturn experienced in the north-east due to the collapse in oil prices and over 100,000 redundancies in the local oil and gas industry.

Trump International Golf Club Scotland continued to attract international acclaim through major awards, and he said services will continue to be expanded with further capital investment in 2016.