Outsystems Limited in Braintree, CM7 3GB

Description

Data updated on: 01-11-2023

Outsystems came into being in 2013 as a company enlisted under no 08360814, located at CM7 3GB Braintree at 3 Warners Mill. This company has been in business for eleven years and its current status is active. This firm's Standard Industrial Classification Code is 62020 which stands for Information technology consultancy activities. Outsystems Ltd reported its latest accounts for the period that ended on 2022-12-31. The firm's most recent annual confirmation statement was submitted on 2023-01-15.

Because of the following company's growth, it was unavoidable to formally appoint other executives, namely: June D., Carlos G., Paulo G. who have been assisting each other since April 2023 for the benefit of the following company.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Current Assets		6 763 534	16 281 615	22 429 344	21 517 675	17 502 452	20 685 490
Property Plant Equipment	49 975	40 000	72 291

Other Financial Data
Accrued Income		18 682	6 723 964	5 230 989	5 521 359	3 066 946	1 567 060
Accrued Liabilities Deferred Income		2 297 820	8 934 208	10 542 419	8 379 367	1 931 242	1 923 219
Accumulated Depreciation Impairment Property Plant Equipment	27 048	38 121	52 654	111 980	69 841	85 813	64 435
Additional Provisions Increase From New Provisions Recognised			83 400
Additions Other Than Through Business Combinations Property Plant Equipment		1 098	46 824	45 212	13 808	1 686
Administration Support Average Number Employees		1	2	5	9	10	11
Administrative Expenses		8 810 415	21 002 373	17 446 764	25 345 548	8 550 206	8 429 888
Amounts Owed By Related Parties		1 790	1 516 825	7 320 388	1 601 185		2 698 460
Amounts Owed To Related Parties		1 232 528	8 925	1 844 936	1 775 637	316 636	356 660
Average Number Employees During Period		13	26	32	35	52	55
Balances With Banks		3 162 571	2 449 155	1 482 070	5 301 589	3 973 399	6 382 369
Cash Cash Equivalents		3 162 571	2 449 155	1 482 070	5 301 589	3 973 399	6 382 369
Comprehensive Income Expense		-29 000	253 196	358 474	242 949	403 465	505 154
Cost Sales		1 202 425	2 852 220	3 313 771	3 444 337	8 049 687	9 705 114
Current Liabilities		6 457 786	14 736 839	20 298 140	19 602 204	14 042 095	16 756 063
Current Tax Assets				8 403		30 623	90 377
Current Tax For Period		18 349	20 600	104 607	102 426	31 519	56 825
Current Tax Liabilities		15 045	20 600	104 607	188 389
Decrease In Loans Owed By Related Parties Due To Loans Repaid			-6 470 169
Decrease In Loans Owed To Related Parties Due To Loans Repaid		-1 590 000	-1 232 528
Deductible Temporary Differences For Which No Deferred Tax Asset Recognised						491 959	312 944
Deferred Income Current Liability		2 411 388	4 449 707	6 417 921	7 771 708	9 495 505	11 069 151
Deferred Income Non-current Liability			875 803	1 224 221	531 425	834 371	90 767
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit			13 735	-3 394	8 404
Deferred Tax Expense Credit Relating To Origination Reversal Temporary Differences			13 735	-3 394	8 403
Deferred Tax Liabilities			13 735
Depreciation Amortisation Expense		11 073	14 533	24 046	22 322	16 066	10 781
Depreciation Expense Property Plant Equipment		11 073	14 533	24 046	22 322	16 066	10 781
Disposals Decrease In Depreciation Impairment Property Plant Equipment					-149 306	-94	-32 159
Disposals Property Plant Equipment					-149 306	-1 149	-45 132
Equity Liabilities		-6 803 534	-16 353 906	-22 560 127	-21 581 814	-17 551 156	-20 710 440
Finance Lease Liabilities Present Value Total				30 175
Financial Assets				20 470 928	18 295 814	17 498 594	16 177 009
Financial Liabilities				12 821 840	10 767 826
Future Minimum Lease Payments Under Non-cancellable Operating Leases		302 282	181 369
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		3 190 469	6 235 179	3 478 905	-2 103 330	-1 474 779	1 140 322
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		-2 354 922	-10 231 497	-7 189 811	4 722 785	-2 903 081	-714 314
Gain Loss In Cash Flows From Change In Deferred Items		934 287	2 914 122	2 316 632	660 991	2 026 743	830 042
Gain Loss In Cash Flows From Change In Provisions			83 400
Gain Loss On Disposals Property Plant Equipment					-13 486	108	-12 973
Gross Profit Loss		5 476 310	9 429 600	9 462 888	14 788 217	8 942 787	8 984 918
Income From Related Parties		4 698	12 227 020
Income Taxes Paid Refund Classified As Operating Activities		29 286	23 923	43 155	1 770	208 345	96 669
Income Tax Expense Credit		18 349	43 213	105 024	93 955	-10 668	36 915
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		1 744 570	-713 416	-967 085	3 819 519	-1 328 190	2 408 970
Increase Decrease In Current Tax From Adjustment For Prior Periods		19 711	-19 455	3 811	-16 874	-42 187	-19 910
Increase Decrease In Net Deferred Tax Liability From Amount Recognised In Profit Or Loss			13 735	-22 139	8 404
Increase From Depreciation Charge For Year Property Plant Equipment		11 073	14 533	111 980	37 326	16 066	10 781
Increase In Loans Owed By Related Parties Due To Loans Advanced		1 790	7 967 472
Increase In Loans Owed To Related Parties Due To Loans Advanced		2 787 312	8 925
Interest Income On Bank Deposits		2	6	5	11	108	12
Interest Paid Classified As Financing Activities				-1 782	-211
Interest Payable Similar Charges Finance Costs				1 782	211
Interest Received Classified As Investing Activities		2	6	5	11	108	12
Loans Owed By Related Parties		1 790	1 497 303
Loans Owed To Related Parties	35 216	1 232 528	8 925
Marketing Average Number Employees		2	3	5	4	5	5
Net Cash Flows From Used In Investing Activities		-1 096	-46 818	-194 513	-6 479	-415	12
Net Cash Flows From Used In Operating Activities		1 745 666	-666 598	-770 790	3 826 209	-1 327 775	2 408 958
Net Cash Generated From Operations		1 774 952	-642 675	-727 635	3 827 979	-1 119 430	2 505 627
Net Cash Inflow Outflow From Operations Before Movements In Working Capital		5 118	356 121	636 464	577 708	1 231 687	1 249 577
Net Deferred Tax Liability Asset			-13 735	8 404	24 292
Net Finance Income Costs				-1 777	-200	108
Non-current Assets				130 783	64 139
Non-current Liabilities			972 938
Non-current Provisions			83 400
Number Equity Instruments Exercisable Share-based Payment Arrangement			161 231	196 050	260 481	393 853	487 848
Number Equity Instruments Exercised Share-based Payment Arrangement			1 896	100 950	78 535	99 158	102 495
Number Equity Instruments Forfeited Share-based Payment Arrangement			18 696	332 645	225 497	118 789	7 696
Number Equity Instruments Granted Share-based Payment Arrangement		700 700	290 600	176 800	514 700	279 525	151 241
Number Equity Instruments Outstanding Share-based Payment Arrangement		700 700	970 708	713 913	924 581	986 159	143 545
Number Shares Issued Fully Paid		100 000	100 000	100 000	100 000	100 000	100 000
Operating Profit Loss		-10 653	296 403	465 275	337 104	392 689	542 057
Other Departments Average Number Employees			2	2	3	18	20
Other Interest Receivable Similar Income Finance Income		2	6	5	11	108	12
Other Operating Income		3 323 452	11 869 176	8 449 151	10 907 921
Other Operating Net Gain Loss					-13 486	108	-12 973
Other Payables		1 598	32 213	29 710	245 458	4 588	597 314
Other Receivables		91 995	116 826	185 067	97 194	107 699	77 311
Other Revenue					10 907 921	16 992 474	18 690 032
Other Short-term Employee Benefits		9 083	24 527	42 494	44 244	81 634	90 060
Other Taxation Social Security Payable		450 383	1 103 167	953 714	874 281	1 834 979	2 605 010
Par Value Share			1		1	1	1
Payments To Related Parties		2 790 018	18 400 592
Pension Costs Defined Contribution Plan		26 141	80 118	97 601	113 781	176 042	195 415
Prepayments		698 520	1 401 914	2 118 272	3 506 189	4 411 742	4 061 444
Proceeds From Sales Property Plant Equipment					7 318	1 163
Profit Loss		-29 000	253 196	358 474	242 949	403 465	505 154
Profit Loss Before Tax		-10 651	296 409	463 498	336 904	392 797	542 069
Property Plant Equipment Excluding Right-of-use Assets		40 000	72 291	93 457	64 139	48 704	24 950
Property Plant Equipment Gross Cost	77 023	78 121	124 945	149 306	133 980	134 517	89 385
Property Plant Equipment Right-of-use Assets				37 326
Provisions			83 400
Purchase Property Plant Equipment		-1 098	-46 824	-45 212	-13 808	-1 686
Redundancy Costs				83 333	195 406	112 802	132 271
Remaining Financial Commitments					94 050	94 050	168 000
Revenue Recognised From Contracts With Customers		6 678 735	12 281 820	12 776 659	18 232 554
Right-of-use Assets Balance Sheet Subtotal				37 326
Selling Average Number Employees		10	19	20	19	19	19
Share-based Payment Expense Cash Settled		4 698	45 185	35 163	167 469	823 041	683 766
Social Security Costs		109 558	488 008	457 927	633 918	895 564	1 248 525
Staff Costs Employee Benefits Expense		1 543 045	4 108 416	4 589 940	5 899 543	9 067 164	10 611 211
Tax Decrease From Utilisation Tax Losses		2 168	1 376	2 258	-2 437	13 224
Tax Decrease Increase From Effect Tax Incentives						13 224	12 170
Tax Expense Credit Applicable Tax Rate		-2 050	56 318	88 065	64 012	74 631	102 993
Tax Increase Decrease From Changes In Pension Fund Prepayment						-42 187	-19 910
Tax Increase Decrease From Changes In Tax Provisions Due To Legislation			8 878	22 555	-16 874	-42 187
Tax Increase Decrease From Effect Capital Allowances Depreciation		1 920	-6 135	-4 022	5 570	2 934	4 178
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		4 712	12 822	302	35 280	-59 270	-62 516
Tax Increase Decrease From Other Tax Effects Tax Reconciliation		-8 112	-24 326	-740
Total Additions Including From Business Combinations Property Plant Equipment				149 306
Total Assets		6 803 534	16 353 906	22 560 127	21 581 814	17 551 156	20 710 440
Total Borrowings				30 175
Total Liabilities		-6 457 786	-15 709 777	-21 522 361	-20 133 629	-14 876 466	-16 846 830
Trade Creditors Trade Payables		35 521	186 947	361 704	367 364	458 292	203 791
Trade Debtors Trade Receivables		2 806 854	4 072 931	6 084 155	5 490 159	5 912 043	5 868 568
Trade Other Payables		4 031 353	10 266 532	13 745 437	11 642 107	4 546 590	5 686 912
Trade Other Receivables		2 806 854	13 832 460	20 938 871	16 216 086	13 498 430	14 212 744
Turnover Revenue		6 678 735	12 281 820	12 776 659	18 232 554	16 992 474	18 690 032
Unpaid Contributions To Pension Schemes		13 503	1 072	12 954		853	918
Wages Salaries		1 393 565	3 470 578	3 873 422	4 744 725	6 978 081	8 261 174
Weighted Average Exercise Price Equity Instruments Exercisable Share-based Payment Arrangement			1	1	1	2	3
Weighted Average Exercise Price Equity Instruments Exercised Share-based Payment Arrangement			1	1	1	1	1
Weighted Average Exercise Price Equity Instruments Forfeited Share-based Payment Arrangement			1	1	1	10	12
Weighted Average Exercise Price Equity Instruments Granted Share-based Payment Arrangement		1	2	2	3	17	12
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement		1	1	1	2	12	12