Trump Turnberry and Trump International, two Scottish resorts run by companies directly or indirectly owned by former US President Donald Trump, have reported pre-tax losses for 2021.
In delayed accounts filed by SLC Turnberry Ltd, which manages Turnberry, the 2018 Open Championship venue recorded a pre-tax loss of £3.7m in the year to the end of 2021, while Trump International Golf Club near Aberdeen made a pre-tax loss of £697,000, according accounts also filed this week.
Turnberry was closed for the first three months of its financial year because of pandemic lockdowns, but subsequently traded at pre-Covid levels for the rest of the year boosted by UK visitors unable to travel abroad. The annual report highlighted the impact of Brexit for affecting supply chains and the recruitment of staff.
The two Scottish resorts received more than £1m in financial support from the government during the lockdowns. SLC Turnberry Ltd is owned by a holding company called Golf Recreation Scotland, which lists Eric Trump as its only director. The Donald J Trump Revocable Trust is listed as owning Golf Recreation Scotland. Golf Recreation Scotland made a loss of £14.7m in 2021, mostly owing to foreign currency exchange losses on top of the £3.7m loss recorded at the resort.
Trump was forced to publish his tax returns last year after a legal battle with the US Senate, which showed that parts of his business empire were lossmaking.
