BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED
Company Information
- Company Number
- 06779221
- Registered Address
- 1 Thane Road West, Nottingham, NG2 3AA
- Status
- Active
- Employee Count
- 3,825
- Turnover
- £364,732,000
- EBITDA
- £64,125,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 December 2008
- Nature of Business
- 47782 - Retail sale by opticians
- Industries
- Healthcare And Wellbeing
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED to pay invoices has decreased over the three periods, from 61 days in Sep 2017-Feb 2018 to 46 days in Sep 2018-Feb 2019. This shows a trend towards faster payment to suppliers.
Volatility Analysis
The volatility in BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED's payment patterns is relatively low, with the average time to pay varying by only 3-4 days between periods. The percentage of invoices paid within 30 days has also remained relatively stable, with a slight increase from 37% to 38% between the last two periods.
Summary Analysis
In general, BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED has shown an improvement in its payment practices over the past three periods. The average time taken to pay invoices has decreased by 15 days, and the percentage of invoices paid within 30 days has increased by 21%. However, there is still room for improvement as 17% of invoices were paid later than 60 days in the most recent period.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 61 | 17% | 42% | 41% | 3% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard terms are 75 days end of month (unless agreed otherwise). This means that payment will be made on the 75th day (or following business day should this fall on a weekend or public holiday) after the end of the month of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Dispute Resolution Process
Our purchase orders contain contact details (email and/or telephone) for the relevant helpdesk or department to which payment queries should be directed by suppliers. All queries are managed in accordance with our internal processes and dealt with as quickly as possible.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED is a leading optician and eye care provider in the United Kingdom. They offer a wide range of products and services, including eye tests, contact lenses, glasses, and sunglasses.
One of the key focuses of the company is sustainability. They are committed to reducing their environmental impact by using sustainable materials and practices in their products and services. This includes offering eco-friendly contact lenses and glasses made from recycled materials.
The company is also dedicated to giving back to the community through their Boots Opticians Charitable Trust. This trust supports various charitable causes, including providing eye care services to those in need.
The key people at BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED include their Managing Director, Andy Evans, and their Director of Professional Services, Sinead McGrogan. They work alongside a team of experienced and qualified optometrists and opticians to provide high-quality eye care to their customers.
For those looking to book an appointment or purchase products, the company's website is easily accessible and user-friendly. Their registered office address is 1 Thane Road, Nottingham, NG90 1BS.
In summary, BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED is a reputable optician and eye care provider in the UK, with a strong commitment to sustainability and giving back to the community. With their wide range of products and services and experienced team, they are a trusted choice for all eye care needs.
