The us President’s trump International Golf Links company in Aberdeenshire posted an annual loss of 1.07 million euros in 2018, marking the seventh consecutive year that it failed to turn a profit, according to documents filed with Companies House.

The figures are based on an annual turnover of 2.76 million euros. The company remains dependent on interest-free loans provided by Mr. trump for 40.6 million euros. The latest bids mean Mr trump’s resort, which he promised would be “the world’s greatest,” has now run up cumulative losses of more than £ 9.4 m.

In previous accounts covering the 12 months to the end of December 2017, its losses were 1.25 million euros and turnover was 2.54 million euros. It had 84 employees.

The latest reports signed by the trump Organization’s auditors in Scotland, Johnston Carmichael, cover the 12 months to the end of December 2018. They show that the number of staff has since dropped to 77. When Mr. Trump first unveiled his plans for the resort, he promised it would create 6,000 jobs.

Mr Trump’s presence in Aberdeenshire stretches back 13 years. The resort plans were first submitted to the Trump Organization in 2006 and approved amid much controversy by the Scottish government in 2008. The Golf course opened four years later.

The company has three directors in the form of Mr. Trump’s adult sons, Eric and Donald Jr, along with Allen Weisselberg, the Trump Organization’s long serving chief financial officer. It is ultimately controlled by an entity known as the Donald J Trump Revocable Trust, a New York-based grantor trust which has two trustees – Mr Trump and Mr Weisselberg.

In his Director’s report which accompanies the latest filings, Eric Trump, executive vice-president of the Trump Organization, stressed that Mr Trump’s resort in the north east of Scotland was a prestigious destination.

“Trump International’s reputation and status with tour operators and agents across Europe, America and beyond continues to expand as its services and products evolve,” he wrote.

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–In 2019, this trend will continue, and further capital investments are planned.”

He added: “Trump International continues to grow in the world Golf rankings and plays an important role in trump’s global portfolio.”

In a section detailing the main risks and uncertainties facing businesses, he continues: “the Industry is competitive and challenging, factors compounded by the continued decline of the local economy and adverse weather conditions.”

The latest financial report was revealed a week after the Trump Organization claimed victory in its controversial plans to build luxury housing adjacent to the resort, dubbed the Trump Estate.

The venture will see 500 homes and 50 holiday units built, with the firm Mr trump promises to spend £ 147.2 million on the venture.

It was approved at a full meeting of Aberdeenshire Council despite thousands of objections and warnings from within local authorities that the plans represent a “weak replacement” for what the trump organisation originally proposed for the area more than a decade Ago.

In his report, Eric trump notes that ” early signs showed great interest from developers and the public in the proposed plans.”

A separate council committee has also approved plans for a second golf course at the site, which is expected to be named after Mr Trump’s Lewis-born mother, Mary Anne MacLeod Trump.

The latest accounts are due soon for Turnberry. Mr trump’s flagship resort in Scotland.

Its parent company reveals it has lost almost £ 33m since it bought the historic site in 2014. Recent reports indicate annual losses of 3.38 million euros. The firm is also dependent on interest-free loans from Mr trump totalling £ 107 million.

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