The Denis O’Brien owned group that operates the five star Camiral Resort in Girona in Spain, which will host the 2031 Ryder Cup, last year returned to profit as ait recorded pre-tax profits of £826,000 (€988,000).
New consolidated accounts filed to Companies House in the UK show that Murryhill Holdings Ltd returned to profit as revenues surged by 49% rom £38.8m to £57.86m (€69.2m) in 2025.
The principal activity of the group is the construction, promotion, marketing and operation of the residential and sports resort Camiral Resort, which is located in Girona in Spain.
The directors state that this activity includes the construction and sale of residential homes and apartments, the operation of a leisure complex including golf courses, a hotel and wellness facility.
The group’s revenues are made up of construction and hotel revenues and construction revenues increased by 123% from £13.9m to £31.08m.
The group’s revenues also include “service revenue” rising by 7% from £24.9m to €26.7m.
In the year under review, the Camiral Resort was awarded the 2031 Ryder Cup.
It will be the second time Spain has hosted the Ryder Cup, 34 years after Seve Ballesteros captained Europe to victory at Valderrama in 1997.
Camiral has two golf courses on the resort’s 540-hectare forested estate and has been a regular host of major international events, including three editions of the Open de España and the DP World Tour’s Catalunya Championship.
The resort also includes a five-star Camiral hotel and the 50-bedroom purpose-built boutique Lavida hotel.
The pre-tax profit of £826,000 follows a pre-tax loss of £2.56m in 2024 – a positive swing of £3.38m.
The pre-tax profit also takes account of non-cash depreciation, amortisation and impairment costs of £3.07m.
The profit also takes into account interest payable of £1.22m offset by a share of profits in associates received of £1.26m.
Operating lease costs last year totalled £1.63m.
The business continued to expand in 2025 with it paying out £5.74m to acquire tangible fixed assets and this followed a payout of £5.18m under that heading in 2024.
Last year, the company benefited from £918,000 in government grants “in respect of expenditure on certain fixed assets, research and training”.
Staff numbers last year increased from 389 to 414 made up of 301 in other, 75 in maintenance/gardeners and 38 in administration.
Staff costs last year increased from £10.64m to £11.86m.
Shareholder funds last year totalled £12.8m that included accumulated losses of £5.1m. Cash funds almost doubled to £4.07m.
The ultimate parent entity of Murryhill Holdings Ltd is the Isle of Man registered Distell Ltd and the accounts state that “the ultimate beneficial owner of the group is Denis O’Brien”.
Reporting by Gordon Deegan
