Donald Trump’s Scottish golf resort has swung back to profit for the first time in the former US president’s decade of ownership.
Turnberry, on the Ayrshire coast, made a pretax profit of £571,000 in 2022, according to its latest accounts filed at Companies House, rebounding from a loss of £3.7m the previous year. Revenue lifted by two-thirds to £21.8m.
It is the first year that the resort had reported a profit since being bought by the Trump Organization for a reported £42m in 2014. However, capital allowances and losses carried forward from previous years wiped out any corporation tax owed.
Trump’s other Scottish golf course in Balmedie, north of Aberdeen, told a different story. Its pretax losses widened to £738,344, despite revenue increasing by almost three-quarters to £3.6m in the calendar year.
