The business running the Trump International Golf Links hailed a “dramatic improvement” in the club’s fortunes as it narrowed losses last year.
Trump International Golf Club Scotland revealed that turnover at the Aberdeenshire resort had risen 23% to £2.79million in 2014, while booking a pre-tax loss of £1.13million. This was an improvement on 2013, its first year of trading, when it made a loss of £1.82million.
In the accounts filed at Companies House, owner Donald Trump’s son Eric, a director of the firm, signed off the strategic report which said the group expects “another significant improvement” in its results this year.
The accounts stated that administrative expenses have been cut 24%, and the workforce at the golf club and luxury 19-bedroom hotel MacLeod House and Lodge had risen 44% in the year.
In addition to the new clubhouse which opened in June, the firm has plans to build a second 18-hole golf course on the Menie Estate as well as extend the five-star hotel to include a ballroom and banquet hall, plus six additional hotel rooms.
“Looking forward to 2015, services continue to grow, further capital investment is scheduled and another significant improvement in the results for the period is expected,” Mr Trump said in the statement.
Sarah Malone, executive vice president of Trump International Golf Club Scotland, said: “Trump International Golf Links, Scotland is a new entity and we continue to develop the property and build new facilities every year.
“The company accounts reflect this and whilst 2014 is only the second full year of trading, the business is showing considerable year on year improvement.
“For example, we made significant investments in personnel and services with the development of our five-star hotel, MacLeod House & Lodge, last year.”