Open Solutions has enjoyed remarkable growth and profitablility to date and, as our name suggests, we are open about sharing our statistics with everyone. Below you will find statistics and charts showing growth in our till system client base over 9 years and financial results based on the past 8 years accounts.

opensolutions - Here are some important statistics and interesting facts:

• 198 Gpos Till System Clients.
• 1181 Software licences sold.
• 425 Gpos Touchscreen Tills supported.
• 193,000 Membership loyalty accounts.
• Over £67 million per year passes through Gpos Touchscreen Tills.

opensolutions - A Brief Financial History

2002-2003 Open Solutions (UK) Limited was incorporated in May 2002. In its first year the company astounded its competitors by outperforming most of them. 20 prestigious clubs became long-term clients and careful financial control produced a net profit for the year of £30,091 with a turnover of £132,151.

2003-2004 After considerable investment in staff, premises, technology and advertising year two again proved to be profitable whilst competitors were returning poor results. The company doubled its client base and reported a net profit of £25,781 with turnover of £170,099.

2004-2005 After unsuccessful negotiations to purchase the client base of our main competitor we successfully recruited a new sales team in January 2005 and this had an immediate impact. At the same time David Brown of DJB Software became a Director under an agreement that gave Open Solutions (UK) Ltd access to a further 300 clients. Net profit for the year was £50,707 with a turnover of £331,069.

2005-2006 During this year further restructuring saw the formation of Open Solutions Technologies Ltd and the start of business for Open Solutions International Ltd. Open Solutions (UK) Ltd became the Sales and Marketing wing of the Group. Open Solutions Ireland became a dealership in Northern Ireland and the Irish Republic. Open Solutions (UK) Ltd is now wholly owned by Open Solutions International Ltd which produced joint turnover of £410,849 and joint net profits of £50,700. Open Solutions Technologies Ltd, in its first year of trading, made £34,964 with £125,761 turnover. Overall turnover was £536,610 and overall net profit was £85,673. These figures exclude the profits of DJB Software Ltd.

2006-2007 During the financial year Open Solutions International Ltd made an outright purchase of Open Solutions Technologies Ltd and became the main trading company in hardware, software and support services. The new streamlined company saw some important improvements in systems and development. Turnover was 520,000 and improvements in performance saw profits rise to over £105,000.

2007-2008 This year saw the launch of the OSiS clubhouse management system. OSiS (Open Solutions Integrated Information System) has been a huge success story for the company. Despite investments in the new technology the company again had a profitable year. The Directors smartly pre-empted the downturn in the golf club marketplace by pushing further into other markets such as casinos, masonic lodges, cricket, rugby and general sports clubs.

2008-2009 The new OSiS Membership module was released to the golf club market and increased sales saw profits again rise to almost £100,000 whilst some major competitors struggled to show any signs of success.

2009-2010 In the summer the company opened it's new offices in Cheshire with technical support and in-house training facilities. In the winter a new purpose built Software Development Centre was opened in Greece. With slightly reduced turnover but increased efficiency net profits are again close to £100,000 whilst competitors in the golf market take desperate measures to try to remain solvent.

opensolutions - Future of the Group.

Open Solutions International Limited

Open Solutions International Ltd will continue its growth in the golf clubs market and other markets. The company develops software products and provides software, hardware and data support services to all clients of the group. The company also provides Sales and Marketing, Accounts, Payroll, Credit Control and general office services to all members of the Group. From August 2006, as the new Parent Company, all new business will be conducted by Open Solutions International Ltd.

Open Solutions (UK) Limited.

After its acquisition by Open Solutions International Ltd this company will now become effectively dormant with the parent company taking over its staff and all sales and marketing functions.

Open Solutions Technologies Limited

After its acquisition by Open Solutions International Ltd this company will now become effectively dormant with the parent company taking over all sales and marketing functions. Open Solutions Technologies Ltd was essentially a hardware company providing installation and maintenance services to clients of the Group. In addition it also provided full systems to non-golf club clients. The company developed cutting edge Access Control and other products using the latest technology.

The Current Marketplace

Due to stiff competition and growing customer demands at present there are several companies that are finding it increasingly difficult to survive, particularly those that have been concentrating on golf club business. One such company went into liquidation in November 2005, leaving a trail of unsettled debt, and then claimed it had been 'taken over' by a foreign company, itself now struggling to get a foothold in the UK. The clear advice to any potential purchaser of clubhouse systems is to check out the financial results of the companies tendering for your business. The information is available for public view here