By admin Documents show that losses at former US President Donald Trump’s golf course in Aberdeenshire almost doubled last year.
At the Menie Estate course in Balmedie, near Aberdeen, Trump’s children Eric and Donald Jr are directors while he is registered as a “person with significant control”.
Documents filed at Companies House for the course show losses for the year to December 31, 2023 were more than £1.4m, up from £738,000 the previous year.
This was supplemented by a loan of almost £5 million from former president DJT Holdings, the course’s main parent company.
According to the books, the £4.8 million figure brings the total amount of borrowings from DJT Holdings to £11.8 million.
This is despite Trump pushing new world-leading links in Scotland, touted as one of the world’s top emerging golf courses.
Investment turnover increased slightly compared to the previous year, from £3.6 million to £3.75 million.
The Trump family announced plans for a second golf course in Aberdeenshire earlier this year, and the club also hosted the Senior PGA Championship.
A statement signed by Eric Trump on the books reads: “Owners have been shown to remain committed to their vision for the property and confidently anticipate positive improvements in public finances as investment activities continue to make an impact over the medium and long term.”
The investment in Aberdeenshire caused controversy when it was announced, among residents of both proposals, as well as Trump’s opposition to the offshore wind farm visible from the property.
The family also owns Trump Turnberry in Ayrshire, which has also published its accounts on Companies House.
The property has increased its profits significantly in the last year, from £186,000 in 2022 to £3.8m.
The documents come amid the former president’s bid to reclaim the White House ahead of the November 5 US elections, which will pit him against Vice President Kamala Harris.