THE Company, which owns Donald Trump’s Ayrshire Golf Course, has posted a loss of more than £15m in 2021, according to the latest reports.
Golf Recreation Scotland owns Trump Turnberry in South Ayrshire.
An account filed with the company’s house on Wednesday was released, showing that the group is expected to post an operating profit of just over £1m in 2021, as a result of depreciation, foreign exchange and “exceptional items”, at £14.7m. It was shown to have suffered a loss of pounds.
Meanwhile, the Trump family’s Aberdeenshire course accounts show a loss of £696,000 in 2021, an improvement from a deficit of £1.3m the previous year.
The former president’s son, Eric Trump, endorsed the Turnberry Course account as a company director and said in a report Brexit had impacted supply chains and staffing.
“Brexit has impacted our business as supply chains have been impacted by driver and staff shortages, reducing deliveries and the availability of certain product lines,” he wrote.
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“Additional freight charges and import duties have driven up prices,” the report said.
Eric Trump also said staffing was a “challenge” due to wage inflation caused by “rising business levels” in the retail and logistics sectors, adding that the “staff pool” would be “indirectly” affected by Brexit. ‘ was affected, adding that ‘access is lacking’. Generally business-oriented European staff are in increasing demand for individuals previously available at resorts. ”
A similar issue was raised in an account published at the Many Estate Course in Aberdeenshire.
During the 2016 White House election, Donald Trump praised Britain for voting to leave the European Union during a visit to Scotland the day after the referendum.
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Hours after the results were known, his helicopter landed at the Turnberry Course and he branded Brexit a “great thing”.
Brexit is good for Trump Turnberry, he told The Telegraph: “When the pound goes down, more people come to Turnberry.”
These companies rely on business-to-business financing from the Trump Organization, and the Turnberry course now totals £131.6m, up from £113.6m a year earlier, and £1.2m in Aberdeenshire. is increasing to
