The first Scottish golf course designed by the United States Outgoing According to new financial statements filed with Companies House, President Donald Trump reported more losses in 2019.
Trump International Golf Club Scotland Ltd (TIGCS) – which owns and runs the Balmedie golf course, clubhouse and a small hotel in Aberdeenshire – said that losses increased 3 percent to £ 1.1 million amid an 18 percent rise in revenue to £ 3.27 million.
The company said that green fee rates and demand for members had risen, and its event facilities had been expanded to accommodate the added demand, but higher labor and other costs offset this. The financial statements indicate that, at the end of last year, the facility employed 84 employees, compared with 77 in the previous 12 months.
Since opening in 2012, the site north of Aberdeen hasn’t made a profit.
The company said its 2020 success was hit hard by the coronavirus pandemic, which forced the closure of the course for part of the year and reduced guest numbers due to social distancing laws and curfews. No 2020 numbers have been issued.
TIGCS said there has been “significant progress” on a proposal to construct a residential village of 550 units next to the golf course. Because of its possible effect on nearby coastal dunes, the development, known as the Trump Estate, has sparked controversy.
TIGCS said it is positive about the future of the golf course despite weaker results in 2019 and 2020.
“Trump International continues to rise in the world rankings of golf courses and plays an important role in the global Trump portfolio,” it said.