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International Womens Day 2023
Bolesworth Celebrates International Women’s Day 1024 512 Daniel Shires

Bolesworth Celebrates International Women’s Day

In celebration of International Women’s Day, today March 8th, the team at Bolesworth Events has announced a lineup of inspiring guest speakers for a brand-new Women in Business Day at its newly relaunched Bolesworth International on Thursday, June 15th.

Find Out More About the Event

Bolesworth is headed up by a female managing director in the shape of Nina Barbour. She is spearheading change at the Cheshire estate and has a firm vision to continue to build a sustainable business around the pillars of property, events and leisure, and is currently working up an ambitious five-year plan ahead of the Castle’s Bicentenary in 2028.

International Women’s Day is a global day celebrating the social, economic, cultural, and political achievements of women. Nina, with her determination and foresight, fulfils that criteria as do the three incredibly successful career women – Collette Roche, Louise Minchin and Victoria Price – who will form the speaking panel at the Bolesworth International Women in Business Day, Collette Roche is Chief Operating Officer of Manchester United Football Club. She is responsible for managing all aspects of Old Trafford and leads operations, infrastructure development, digital transformation, and a number of corporate functions across the Club. She is also the designated Chair of the Manchester United Foundation Board. Collette was listed by Vogue as one of the 25 most influential women working in Britain in 2018 and featured in the FTSE 100 Women to Watch list in 2022.

Louise Minchin is a well-known and respected TV presenter, journalist, author and podcaster. She presented the UK’s most watched morning TV programme BBC Breakfast for 20 years, covering all the major news stories of the last two decades. Her new book Fearless, Adventures with Extraordinary Women reflects her passion for celebrating women’s success. In each chapter Louise takes on a difficult challenge with a different courageous woman to tell their incredible stories. As part of it she has swum from Alcatraz, free dived under ice in the dark in Finland, and cycled across Argentina.

Victoria Price is the Europe, Middle East, India & Africa (EMEIA) Private Tax Leader for Ernst & Young (EY) Global Limited. In this role, she drives the tax strategy across the region to bring the most innovative solutions to the dynamic private clients to help them plan efficiently for the diverse challenges they face. She is also impassioned about helping young people to realise their career ambitions and is a devoted supporter of the EY Foundation program. In aid of the charity, she has trekked across the Sahara, climbed Kilimanjaro and completed the Yorkshire Three Peaks with alumni from the EY Entrepreneur of the Year program.

A host of world-class sport will run alongside the Bolesworth International Women in Business Day in Bolesworth’s bespoke showjumping arenas with many female riders in the thick of the action. Top sportsperson Louise Saywell, mother of an 18-month-old daughter, will feature heavily in the higher-ranking classes and will be intent on repeating last year’s victory in the highly-revered showjumping finale, the Bolesworth Grand Prix.

Commenting on Bolesworth’s latest developments, Nina Barbour said: “We are delighted to be launching an exciting new business focused session at the Bolesworth International this year with three truly inspirational women based in the North West. In the spirit of International Women’s Day, they will be sharing their amazing experiences with us, and helping us celebrate our amazing sport where men and women compete at the highest level on a totally level playing field.”

Additional VIP packages that are available throughout the show include the established business networking lunch on Friday 16th featuring an Audience with Michael Owen and Sir AP McCoy, Ladies Day on Saturday 17th, and evening sessions that combine favourite sporting highlights such as the Puissance with Live Music and exclusive Entertainment. VIP tickets are priced from £99.00 (adult) and £78 (child)*.

The brand new Bolesworth International has a packed programme of events and adrenaline-fuelled displays and activities throughout the weekend for the whole family with camping available onsite for Friday and Saturday nights. Highlights include stunt horses, freestyle motocross displays and a new live music stage on Friday and Saturday nights headlining with Rick Parfitt Jr and the RPJ band, The Brand New Heavies and DJ Trevor Nelson. The event kicks off with sporting action from 8am on Wednesday 14th June and runs right through to 7.30pm on Sunday 18th of June 2023.

Visit www.bolesworth.com/international for full details and to book tickets.

Tattenhall Wildlife Group Tree Planting Memorial Wood
700 Trees Planted at Memorial Wood 1024 638 Daniel Shires

700 Trees Planted at Memorial Wood

Armed with spades and mallets and wrapped up against the elements, members of TWiG (Tattenhall Wildlife Group) planted 700 trees over the weekend of the 25th and 26th of February on reclaimed farmland owned by the Bolesworth Estate.

Ably assisted by Duke of Edinburgh Gold Award students, the TWiG team planted Dogwood, Guelder Rose, Hawthorn, Holly, Hornbeam, Wild Cherry, Wych Elm, Oak and Silver Birch, all supplied free of charge by the Woodland Trust.

In memory of Her Majesty Queen Elizabeth II, the freshly-planted hectare has been named Memorial Wood. The area was returned to Bolesworth by one of the estate’s key dairy farming tenants Robin Langford, specifically for the tree planting.

The new area of woodland will bolster existing flood defences, support climate change and increase biodiversity within the Parish.

A public footpath winds through the land, making Memorial Wood accessible to residents of Tattenhall and the surrounding areas. Dogs on leads are welcome too.

Commenting on the community initiative, Nina Barbour Managing Director of Bolesworth said: “We welcome this opportunity to give back to the community and help to strengthen environmental measures. The woodland will look magnificent when the trees reach maturity, and forms part of a much wider sustainability strategy that we are currently putting in place Our thanks to Robin for returning the land, to the Woodland Trust for supplying the trees and, of course, TWiG for their invaluable community care.”

Ticket Now On Sale for the Bolesworth International 1024 512 Daniel Shires

Ticket Now On Sale for the Bolesworth International

General admission and VIP experience tickets are now on sale for the revamped Bolesworth International, which opens its doors to the public on Wednesday the 14th of June 2023.

The ground-breaking equestrian and country lifestyle festival is set to shake up the North West’s event scene as it continues to roll out new features with world-class equestrian, artisan and premium shopping, VIP experiences, food, drink, action sports, live entertainment, family zones and overnight camping all on the show schedule.

Naturally, equestrian will be centre stage at the Bolesworth International with Eventing Grand Prix, top-ranking Showjumping, internationally-acclaimed Stunt rider Ben Atkinson, Puissance and Ride and Drive amongst many others. The equine element will be supported by a host of interactive and spectacular areas elsewhere within the impressive Bolesworth Estate grounds with the live entertainment zone hosting headline acts such as The Brand New Heavies, Rick Parfitt’s RPJ band, DJs Trevor Nelson and Phoebe D’Abo – with more in the pipeline.

Tickets are now on sale with entrance fees from as little as £20 per adult and £5 per child (4-14 years).

All-inclusive VIP Experiences are available from £99.00 per person. Reserved seats with priority viewing in a new-for-2023 Ringside Champagne bar can be selected for an additional £39.50, while an extra £5 over general admission will provide grandstand seating.

For those looking to extend their stay and enjoy the overnight ambience of the Bolesworth International extravaganza, camping is offered from as little as £25.00.

For more information and to book tickets, visit www.bolesworth.com/international 

For retail and partnership enquiries contact melanie@bolesworth.com

Experience Cheshire’s Greatest Equestrian and Lifestyle Event This Summer 1024 512 Daniel Shires

Experience Cheshire’s Greatest Equestrian and Lifestyle Event This Summer

The recently announced all-new Bolesworth International is forging ahead with a host of exciting equestrian, music, lifestyle, and food and drink experiences designed to confirm the June extravaganza as one of the North West’s biggest and best summertime experiences of 2023.

Running over five days from Wednesday the 14th to Sunday the 18th of June, the Bolesworth International will still welcome to its arena the world-ranking Equestrian talent that it is famous for. However, in a move to broaden its appeal beyond its core equestrian audience, it will embrace a wide range of family zones that will provide plenty of spectacles, and have-a-go activities for all age groups.

Visitors can expect to discover a substantial Lifestyle retail area with country, equestrian and artisan shopping. There will be non-stop sporting action, live music, delicious food, drink and amazing activities for the whole family to engage with. Presentations from celebrity chefs, a full-size fairground, improved children’s activities and experiences, and dog agility events will all add to the family festival vibe.

Lake activities such as paddle boarding and a dog-friendly walking route will also be offered, all with the historic Bolesworth Castle as a backdrop. For those wishing to take time out, a tranquil garden seating area will be opened up within the castle ground.

Naturally, with equine at the heart of the establishment, the Bolesworth International will continue to attract elite sporting stars from the world of showjumping, of particular importance for the top riders from across the UK and overseas is that the Bolesworth International Grand Prix will provide Paris 2024 and European Championship eligibility qualification. For fans of Eventing, a Grand Prix will take place on the afternoon of Wednesday the 14th of June, and there’ll be an evening Nicola Wilson Eventing Masterclass. Fun spectacles such as Puissance, Mini Major and Ride and Drive will also be in the Bolesworth equestrian entertainment mix.

Headline acts such as The Brand New Heavies and DJ Trevor Nelson will top Saturday’s live music nights, while Rick Parfitt’s RPJ Band and London’s iconic DJ Phoebe D’Abo will spin up ‘Live at Bolesworth’ on the Friday evening.

VIP experiences will include; Fine dining with Paul Heathcote MBE and Gary Bates, quality vintage wines provided by Gusbourne Wines, Women in business on Thursday the 15th of June, with guest speakers featuring Collette Roche, CEO of Manchester United Football Club. There’ll also be Business at Bolesworth with guest speakers and an Audience with Michael Owen and Sir AP McCoy. Saturday’s highlight is Ladies Day with Best Dressed Awards.

Elsewhere there’ll be an all-action stunt horse arena, Freestyle Motocross shows, BMX and Mountain Bike shows, Chainsaw wood-carving demonstrations, Electric car driving experiences and Youth electric bike experiences.

General Admission, VIP experiences and camping packages will go on sale on Monday the 27th of February 2023.

For more information visit www.bolesworth.com/international

For retail and partnership enquiries, please contact Melanie Simm.

Bolesworth Joins Forces With Helite UK & RDA 1024 512 Daniel Shires

Bolesworth Joins Forces With Helite UK & RDA

Bolesworth has partnered with Helite UK and Riding for the Disabled Association (RDA) for its 2023 season of equestrian events. 

When the relaunched Bolesworth International gets underway on Wednesday 14th June, Helite UK will be the Official Equestrian Safety Partner, and will work with Bolesworth to raise awareness around the importance of rider safety in Showjumping. To achieve this, they will set out to improve the knowledge and understanding of how airbag safety actually works, and its use in day-day and competitive equestrian life. The partnership will, via a rental scheme, provide access to Helite airbag systems to all competitors involved in Bolesworth events.  

“We have been keeping this under wraps for a while now,” said Peter Riley Managing Director “And are excited to announce that we are an official sponsor and Safety Brand Partner for Bolesworth during 2023. This is a massive step forward for the sport as Bolesworth is the first equestrian venue to promote the safety and wellbeing of their competitors as a core principle when running their events.” 

Nina Barbour Bolesworth Managing Director added; ‘I started to wear an airbag system over a year ago after seeing so many top riders embracing this new technology. I now wear mine every time I get on a horse – it makes me feel far braver! We look forward to promoting safety in our sport at Bolesworth alongside Helite UK.” 

The Riding for the Disabled Association charity will be the Official Equestrian Charity Partner. The organisation benefits the lives of over 17,000 disabled children and adults. With fun activities like riding and carriage driving, they provide therapy, fitness, skills development and opportunities for achievement – all supported by 13,000 volunteers and qualified coaches at nearly 500 RDA centres all over the UK. RDA will support Bolesworth equestrian events with demonstrations and activation such as its popular mechanical horse Charley.  

Lisa Davies, Head of RDA Communications, said; “We are delighted that Bolesworth International have chosen us as their charity partner for this prestigious event. RDA groups support thousands of disabled people every year from accessing physical exercise and achieving their therapeutic or personal goals; to combatting social isolation and boosting wellbeing and happiness. We know that the engagement between people and horses makes a very powerful impact, and we couldn’t do any of it without our amazing horses and volunteers, and the generous support of so many. We’re very grateful to Bolesworth for choosing us, and excited to share our work with visitors to the event. RDA delivers a lot more than people may realise, and this is a fantastic opportunity for us to demonstrate the value of what we do, the benefits of volunteering, and encourage visitors to get involved and help transform more lives.” 

“We are delighted to be partnering with the RDA as our official equestrian charity partner and help promote their vision in enriching the lives of disabled people through horses,” said Nina. “The charity works tirelessly to deliver the therapy and fun of horses to as many people as they can and carry out life-changing activities.” 

The full line-up of content for the brand new Bolesworth International will be released on Wednesday 22nd February, leading with live music, with high profile singers & DJs performing on Friday & Saturday nights, an incredible new shopping experience featuring your favourite Equestrian & Lifestyle brands, and a huge action & entertainment zone due to be open from Friday 16th – Sunday 18th June.  This will feature high energy displays and activities for the whole family from toddlers to equestrians and even for the petrol heads of the family!

 General Admission, VIP experiences and camping packages will go on general sale on Monday 27th February 2023 at 10am. 

 For more information and to sign-up to the exclusive pre-sale discount, visit www.bolesworth.com/international. 

  For retail and partnership enquiries contact melanie@bolesworth.com 

Arenacross Crowns 2023 British Champions 1024 512 Daniel Shires

Arenacross Crowns 2023 British Champions

The 2023 British Arenacross Championship ended on a high on Saturday the 18th of February at the OVO Arena Wembley. With closely fought racing battles across all classes at the Arenacross Tour presented by Fix Auto UK, and an epic final Main Event, Crendon Fastrack Honda Racing’s Conrad Mewse clawed his way from the back of the Pro class pack to take the final win of the six-round championship.

This win by Mewse, added to his series-long successes, and that of team-mate Josh Gilbert’s, meant the new Honda pairing convincingly secured the British Arenacross Team Championship title for team manager Dave Thorpe and the Crendon Fastrack Honda Racing team.

2023 British Arenacross Championship points:

Arenacross Team Championship
1. Crendon Fast track Honda ,136
2. GTCI REVO Kawasaki, 101
3. Mark McCann 64 YouTube Channel, 84
4. Troy Lee Designs GASGAS, 55
5. Darjen Kawasaki, 37
6. FUS Geartec, 34
7. Gabriel KTM, 22
8. Tru7 Honda, 21
9. Apico Factory Racing, 20
10. All Moto Yamaha powered by Start Solar, 20

Individual championship – Pro
1. Tommy Searle, 86
2. Conrad Mewse, 84
3. Jack Brunell, 57
4. Josh Gilbert , 55
5. Joe Clayton, 46
6. Elliott Banks-Browne, 41
7. Adam Chatfield, 35
8. Mel Pocock, 22
9. Jake Nicholls, 22
10. Martin Barr, 20

AX Futures
1. Joel Fisher, 153
2. Jake Farrelly, 131
3. Sam Dyer, 127

Supermini
1. Isaac Ash, 180
2. Austin Beasty, 131
3. Lewis Spratt, 131

T-Racers 65cc
1. Casey Lister, 176
2. John Slade, 146
3. Jamie Currie, 122

For full results and championship information, visit www.arenacrossuk.com

Arenacross Birmingham
Arenacross Celebrates Sell-Out Show in Birmingham 1024 683 Daniel Shires

Arenacross Celebrates Sell-Out Show in Birmingham

The penultimate round of the Arenacross British Championship stormed into the Resorts World Arena, NEC, Birmingham on Saturday, the 4th of February, with a heady line up of the very best British Pro motocross racers, supported by a further five classes of Pro Am and Youth competitors.

The Arenacross Tour presented by Fix Auto has enjoyed several firsts this year. It is the first time the race series has been officially sanctioned by the UK’s Auto Cycle Union (ACU) as a fully-fledged British Championship. It is the first time the Pro line up has been British-only with the reigning British MX1 and MX2 champions in the mix. It is the first-time an all-electric motocross series is a British Championship. And … it is the first time to witness sell-out shows at Belfast and Birmingham.

Eight thousand fans of live action-sports and family entertainment packed the Resorts World Arena on Saturday night, while the total live streaming viewing figures across the tour to date totals an astonishing 260,000. This, on the back of both Belfast and Aberdeen being sell-out shows, confirms that ArenacrossUK is well and truly on the racing map both in the UK, and throughout the world.

On the Pro Arenacross racing front, Tommy Searle, GTCi Revo Kawasaki cleaned up with a flawless performance in both Pro heats and Main Event final. Joe Clayton was the fastest qualifier in the morning sessions. Searle won the overall heats qualifying and Jake Nicholls won the head-to-heads eliminator. Clayton, Searle and Nicholls each collected an additional point for their efforts. Teenager Ben Clayton made it through to his first Main Event thanks to earning the support of fans, family and friends in the People’s Vote.

At the post-event press conference, the top three Pro riders spoke of their Birmingham experience and Arenacross in general;

Jack Brunell – “I’m really happy. The goal was to be on podium every weekend and at the end of the championship be in the fight. I had a setback at the opening round in Belfast but am back on it now. The track was good tonight. Being so technical, it showed what we’re about. We’ve got the two motocross British champions on the line up and I think that next year it can only get stronger. This is the future, rather than standing in a wet field.”

Conrad Mewse – “It was a great night. Coming into the championship, I wanted to do well for our sponsors and team. Overall, we have had solid results and, as a team, at least one of us has always been on the podium. It’s been another fantastic event. The dirt here in Birmingham is incredible. Every round has been different so far which keeps us on our toes. It is so different from what we’re used to and every weekend I feel more and more comfortable with the challenge. It’s a great championship and I see it as only being beneficial, no negatives whatsoever.

Tommy Searle – “The day was good. I was fastest in two practices and won the overall, felt comfortable all night and feel good with my team. Arenacross and its live streaming motivates me massively and I’m enjoying riding. I want to try and win the races to look good on YouTube! I take my hat off to Matt (Bates) and the team. If I was to choose a series next year when I maybe scale it down a bit, this would be my one to choose. My main sponsor at GTCi watches the live streaming, loves it and is coming to London. He’s happy, I’m happy. I would love to see more manufacturers get involved and hope it’s heavily supported next year.

Heading into the final round, Searle leads Mewse by two points. Whatever happens at the usually-dramatic last round in London, one thing is a cert – it’s going to be a hard-fought, head-to-head battle to the line between both reigning British Motocross Champions.

Round 5 – Overall Arenacross Pro British Championship results:
1. Tommy Searle (GTCi Revo Kawasaki)
2. Conrad Mewse (Crendon Fastrack Honda Racing)
3. Jack Brunell (Troy Lee Designs GASGAS)
4. Joe Clayton (Mark McCann 64 YouTube Channel)
5. Dylan Woodcock (Darjen Kawasaki)
6. Elliott Banks-Browne (Mark McCann 64 YouTube Channel)

Overall Pro Championship results:
1. Tommy Searle, 71 points
2. Conrad Mewse, 69 points
3. Josh Gilbert, 46 points
4. Jack Brunell, 46 points
5. Elliott Banks-Browne, 37points
6. Joe Clayton, 36 points

Overall Arenacross Team results:
1. Crendon Fastrack Honda Racing, 112 points
2. GTCI Revo Kawasaki, 80 points
3. Mark Mccan 64 YouTube Channel, 71 points
4. Troy Lee Designs GasGas, 44 points
5. FUS Geartec Husqvarna, 34 points
6. Darjen Kawasaki, 32 points

Other class overall results:

Pro AM
1. Raife Broadley, 30, 2. Neville Bradshaw 26, 3. Sion Talbot, 24, 4. Kyle Lane 21.

Futures
1. Joel Fisher, 30, 2. Sam Dyer, 24, 3. Joshua Fletcher, 21, 4. Jake Farrelly, 21.

AX-E5
1. Austin Edwards, 30, 2. Jimmy Ball, 26, 3. Tate Vincent, 22, 4, Leo Andrew Gill, 19.

Supermini
1. Isaac Ash 30, 2. Austin Beasty, 23, 3. Lewis Spratt 23, 4. Harrison Scholfield, 20.

T-Racers 65cc
1. Casey Lister, 30, 2. John Slade, 26, 3. Jamie Currie, 21, Caleb Ross, 21.

Arenacross partner information can be found at fixautouk.co.uk, traxxas.com, tru7.com, ktm.com, husqvarna-motorcycles.com, gasgas.com, devittinsurance.com, Kawasaki.co.uk, t-racers.com/uk, isuzu.co.uk. For Troy Lee Designs, Alpinestars and Armorvision visit cisport.co.uk.

Competitors in all classes are now focused on championship glory at the OVO Arena Wembley, on the 18th of February. It’s a showdown not to be missed!

Tickets for the final round are available via www.arenacrossuk.com.

Gilbert Takes Main Event Win in Aberdeen 1024 683 Daniel Shires

Gilbert Takes Main Event Win in Aberdeen

The British Arenacross Championship witnessed one of the closest-fought Pro class Main Events of the 2023 series as Crendon Fastrack Honda rider, Josh Gilbert powered to his first Arenacross Main Event win ahead of teammate Conrad Mewse at the sold-out P&J Live Arena in Aberdeen.

Round four ended with a new championship leader in the form of Crendon Fastrack Honda Racing’s Conrad Mewse who now carries a one-point advantage over GTCi Revo Kawasaki’s Tommy Searle. The championship charges towards the fifth round of the series at The Resort World Arena, Birmingham, next Saturday, the 4th of February.

Crendon Fastrack Honda Racing also extends its British Arenacross Championship Team lead, thanks to Josh Gilbert’s epic Main Event win in front of an enthusiastic Aberdeen crowd.

Mewse was fastest in this morning’s qualifying with a time of 30.567, for which he collected an additional point. The top qualifier from the four Pro heat races was Jack Brunell, he also earned an extra point. The third ‘spot award point’ was picked up by Mel Pocock for muscling his way through to the head-to-head win.

Sadly, Jake Nicholls and Shaun Simpson crashed out in the second heat and were unable to continue.

During the evening, Elliott Banks-Browne secured his place in the Main Event by winning the Last Chance Qualifier, while Martin Barr proved to be a favourite with Arenacross fans by collecting the people’s vote.

Results Main Event.
1. Josh Gilbert, Crendon FastTrack Honda Racing, 15 points
2. Conrad Mewse, Crendon FastTrack Honda Racing, 13 points
3. Jack Brunell, Troy Lee Designs GASGAS, 11 points
4. Elliott Banks-Browne, Mark McCann 64 YouTube Channel, 10 points
5. Tommy Searle, GTCi Revo Kawasaki, 9 points
6. Joe Clayton, Mark McCann 64 YouTube Channel, 8 points
7. Adam Chatfield, FUS Geartec Husqvarna, 7 points
8. Martin Barr, Apico Factory Racing, 6 points
9. Jayden Ashwell, 5 points
10. Mel Pocock, CTCi Revo Kawasaki, 4 points

Overall individual and team championship results to follow.

Full results are available on MyLaps Speedhive >Arenacrossuk

The 2023 Arenacross Tour presented by Fix Auto UK now heads south to The Resorts World Arena, Birmingham, NEC next Saturday the 4th of February for the fifth round of the British Arenacross Championship. Doors open at 4pm with the pit open to the public for a 7.30pm show start.

Tickets are available via www.arenacrossuk.com

Searle Extends Arenacross Championship Lead 1024 790 Daniel Shires

Searle Extends Arenacross Championship Lead

GTCi Revo Kawasaki’s Tommy Searle extended his 2023 Arenacross British Championship lead after winning round 3 in convincing style at the P&J Live Arena, Aberdeen.

He holds a four-point lead over Conrad Mewse, Crendon Fastrack Honda Racing, while team-mate Josh Gilbert is in third. The consistency of Mewse and Gilbert stretched their Crendon Fastrack Honda Racing team’s championship lead to 69 points, 14 points ahead of GTCi Revo Kawasaki, with the Mark McCann 64 YouTube Channel pairing of Joe Clayton and Elliott Banks-Browne taking the third team position.

Arenacross British Pro Championship after 3 rounds:
1. Tommy Searle, GTCi Revo Kawasaki, 46 points.
2. Conrad Mewse, Crendon Fastrack Honda Racing, 42 points.
3. Josh Gilbert, Crendon Fastrack Honda Racing, 27 points.
4. Jack Brunell, Troy Lee Designs GASGAS, 23 points.
5. Adam Chatfield, FUS Geartec Husqvarna, 23 points.
6. Elliott Banks-Browne, Mark McCann 64 YouTube Channel, 19 points.
7. Matt Bayliss, Darjen Kawasaki, 18 points.
8. Joe Clayton, Mark McCann 64 YouTube Channel 17 points.
9. Jason Meara, All Moto Yamaha powered by Start Solar, 10 points.
10. Martin Barr, Apico Factory Racing, 10 points.

Arenacross British Teams Championship after 3 rounds:
1. Crendon Fastrack Honda Racing, 69 points.
2. GTCi Revo Kawasaki, 55 points.
3. Mark McCann 64 YouTube Channel, 36 points.
4. Darjen Kawasaki, 23 points.
5. FUS Geartec Husqvarna, 23 points.
6. All Moto Yamaha powered by Start Solar, 16 points.
7. AJP Geartec Racing Team, 12 points.
8. Apico Factory Racing, 10 points.
9. Tru7 Honda, 9 points.
10. Gabriel KTM, 8 points.

Full results are available HERE. https://speedhive.mylaps.com/Events/2096473

Watch round 4 of the British Arenacross Championship on Live Stream HERE: https://youtube.com/live/Ex22A0Q8UJM?feature=share

Visit www.arenacrossuk.com for further information and to buy tickets!

A Small Business Guide to Unearned Revenue 150 150 Daniel Shires

A Small Business Guide to Unearned Revenue

In this case, the company ABC Ltd. needs to account for the $4,500 advance payment that is received from the client as the unearned revenue because it has not performed service for the client yet. Once, the company fulfills its obligation by providing the goods or services to the customers, it can make the journal entry to transfer the unearned revenue to the revenue as below. Unearned revenue is a common type of accounting issue, particularly in service-based industries. By treating it as a liability for accounting purposes, you can keep the books balanced.

There are certain exceptions to this rule, including interest earned on municipal bonds, which is exempt from federal income tax. In this case, the company will have to repay the cash to the customer unless there is a revision in the contract between them to keep the contract as it is. This can be anything from a 30-year mortgage on an office building to the bills you need to pay in the next 30 days.

Initially, the total amount of cash proceeds received is not allowed to be recorded as revenue, despite the cash being in the possession of the company. Examples include interest on investments, dividends, lottery or casino winnings, and rental income from investment properties. Earned income, on the other hand, is any compensation you receive for providing a service.

Unearned revenue in cash accounting and accrual accounting

When a customer pays for products or services in advance of their receipt, this payment is recorded by a business as unearned revenue. Also referred to as “advance payments” or “deferred revenue,” unearned revenue is mainly used in accrual accounting. Due to the advanced nature of the payment, the seller has a liability until the good or service has been delivered. As a result, for accounting purposes the revenue is only recognized after the product or service has been delivered, and the payment received. Advance payments are beneficial for small businesses, who benefit from an infusion of cash flow to provide the future services.

  • The journal entry represents payment for the goods and services (editing) that you provided in the month of February.
  • Recording unearned revenue is important because your company can’t account for it until you’ve provided your products or services to a paying customer.
  • Taxation differs for unearned income and earned income due to qualitative differences.
  • This journal entry should be recorded monthly until the revenue for the entire year has been properly recognized.

Certain contracts and customer agreements can also contain provisions stating contingencies where an unexpected event can provide the customer with the right to receive a refund or cancel the order. Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. Expert advice and resources for today’s accounting professionals. Baremetrics provides you with all the revenue metrics you need to track. Integrating this innovative tool can make financial analysis seamless for your SaaS company, and you can start a free trial today.

As each month of the annual subscription goes by, the monthly portion of this total can be deducted and recorded as revenue. Unearned revenues are payments for future services to be performed or goods to be delivered. Advance customer payments for newspaper subscriptions or extended warranties are unearned revenues at the time of sale. At the end of each accounting period, adjusting entries must be made to recognize the portion of unearned revenues that have been earned during the period. Consumers, meanwhile, generate deferred revenue as they pay upfront for an annual subscription to the magazine. A publishing company may offer a yearly subscription of monthly issues for $120.

What is the difference between deferred revenue and unearned revenue? Well, the short answer is that both terms mean the same thing — that a business has been paid for goods or services it hasn’t provided yet. Here’s a more thorough description of deferred and unearned revenue, as well as a few examples to illustrate it.

The interest she derives from her investment is considered unearned income and must be reported to the IRS for taxation at the ordinary income rate. She also wins $10,000 on a game show, but she does not get the full amount of her winnings. Because the IRS deducts taxes from it, treating the amount as unearned income. Taxation differs for unearned income and earned income due to qualitative differences. Most unearned income sources are not subject to payroll taxes, and none of it is subject to employment taxes, such as Social Security and Medicare.

As you can see, the unearned revenue will appear on the right-hand side of the balance sheet in the current liabilities column. The business has not yet performed the service or sent the products paid for. A client purchases a package of 20 person training sessions for $2000, or $100 per session. The personal trainers enters $2000 as a debit to cash and $2000 as a credit to unearned revenue.

Unearned Revenue Reporting Requirements

If the value was entered as an asset rather than a liability, the business’s profit would be overstated for that accounting period. According to the accounting equation, assets should equal the sum of equity plus liabilities. When the business provides the good or service, the unearned revenue account is decreased with a debit and the revenue account is increased with a credit. Conversely, if you have received revenue from a client but not yet earned it, then you record the unearned revenue in the deferred revenue journal, which is a liability. The bottom line Deferred or unearned revenue is an important accounting concept, as it helps to ensure that the assets and liabilities on a balance sheet are accurately reported. It makes perfectly clear to shareholders and other involved parties that the company still has outstanding obligations before all of its revenue can be considered assets.

Look below to see an example of the two journal entries your business will need to create when recording unearned revenue. Taking the previous example from above, Beeker’s Mystery Boxes will record the transactions with James in their accounting journals. On the contrary to what the names suggest, unearned revenue and deferred revenue are both the same thing.

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They are both incomes for which the cash has been collected, but the obligations of delivering goods and services are yet to be performed. For simplicity, in all scenarios, you charge a subscription fee of $25 per month for clients to use your SaaS product. Revenue is recorded when it is earned and not when the cash is received. If you have earned revenue but a client has not yet paid their bill, then you report your earned revenue in the accounts receivable journal, which is an asset.

Here are a couple of hypothetical examples to show how unearned income actually works. Tax advisors often recommend diversifying holdings to even out the effect of taxes on unearned income. Make sure you understand the origin and taxation of any of your unearned income. Below you’ll find everything you need to know about depreciation rate and how it affects your small business.

What Is Unearned Income?

This is also a violation of the matching principle, since revenues are being recognized at once, while related expenses are not being recognized until later periods. Unearned revenue is mostly common in companies that provide subscription-based services to their customers. When a portion of the deferred revenue is earned, the deferred revenue account is lessened by a debit of the same amount, whereas the revenue account is credited. However, since you have not yet earned the revenue, unearned revenue is shown as a liability to indicate that you still owe the client your services. In other words, deferred revenue requires some action on the part of the company before it can be considered an asset.

It is important to properly document unearned revenues in order to accurately evaluate the financial stability of an enterprise. It is also imperative when seeking investor capital or other forms of business financing. From the date of initial payment, the payment is recorded as revenue on a monthly basis until the entirety of the promised benefits is confirmed to have been received by the customer. Unearned Revenue refers to customer payments collected by a company before the actual delivery of the product or service.

It differs from earned income, which is any form of compensation gained from employment, work, or business activities. When the cash is received, a liability account is created with corresponding equal entry in cash received. Securities and Exchange Commission (SEC) that a public company must meet to recognize revenue. Here is everything you need to know about unearned revenue and how it affects your small business.

Is Unearned Revenue a Liability?

It also includes companies that provide software on a subscription basis, as well as fitness centers, food delivery services, etc. In short, any business that collects a monthly or annual subscription fee falls into this category. Once goods or services have been rendered and a customer has received what they paid for, the business will need to revise the previous journal entry with another double-entry. This time, the company will debit its unearned revenue account while crediting its service revenues account for the appropriate amount.