Andy and Kim Murray business releases new update after opting to close doors
Andy and Kim Murray's Scottish hotel, Cromlix, has bounced back into profitability after previously reporting losses exceeding £1million.This news arrives just weeks following the couple's announcement of a temporary closure for refurbishments. The couple purchased the five-star Perthshire hotel in 2013 for £1.8m. However, it wasn't until 2023 that they decided to personally oversee its day-to-day operations.Despite initially posting financial losses, the decision was made in December to embark on a significant expansion. While the hotel remains closed for renovations, recently filed accounts reveal a substantial profit for the last financial year, marking a dramatic turnaround from previous underwhelming performances.Upon the Murrays taking over management, the hotel underwent a three-month closure for a makeover. Unfortunately, this was followed by consecutive annual financial losses of £919,572 and £369,045.However, according to recent filings with Companies House, Cromlix reported a profit of £193,379 for the year ending March 2025. This signifies the first profitable financial year since 2022 and comes shortly after the announcement of the hotel's closure to accommodate the construction of two new restaurants.The major redevelopment, which commenced in October, will also include a wellness facility and three additional suites. The hotel closed its doors on January 4, with Cromlix expected to welcome guests once more in May 2026. Throughout the closure period, Cromlix's reservations team and online shop will continue operating.Reports from The Courier indicate the new dining space will cater for up to 80 diners, boasting panoramic views across the estate grounds. The kitchen facilities will also be repositioned and enhanced to serve a larger number of patrons.The current Glasshouse restaurant will meanwhile continue hosting afternoon tea services and special occasions. The Kings Group from Doune is leading the development, working alongside Perthshire architect Fergus Purdie and interior designer Suzanne Garuda.When the expansion and restaurant proposals were first revealed, Andy's wife Kim commented: "I'm really excited about this next phase for Cromlix. The Glasshouse, our current restaurant, has been doing really well and is fully booked most of the time, but the space lacks a bit of personality and doesn't deliver aesthetically.Sky Sports discounted Premier League and EFL packageThis article contains affiliate links, we will receive a commission on any sales we generate from it. Learn moreSky has slashed the price of its Essential TV and Sky Sports bundle for the 2025/26 season, saving members £336 and offering more than 1,400 live matches across the Premier League, EFL and more.Sky will show at least 215 live Premier League games this season, an increase of up to 100 more."We appointed a new executive head chef (James Mearing) earlier this year and he's doing a great job, and it will be fantastic for him to put his stamp on this new food experience at Cromlix."Alongside the encouraging financial performance, filed accounts also revealed that net current liabilities at the Wimbledon champion Andy's establishment have fallen from around £1.8m to £1.6m. Cromlix is just one of many business ventures for the now-retired Andy.He also has a stake in sportswear company Castore, with whom he co-founded the brand AMC. Additionally, he's an investor in Game4Padel, a firm that sets up and manages padel courts across the UK.
