Trump’s Scottish golf resort makes first profit

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. The Times (£)The FT (£)