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.
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.
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.
| 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 Mar 2025 - 31 Aug 2025 | 02 Oct 2025 | 80 | 16% | 4% | 80% | 2% |
| 01 Sept 2024 - 28 Feb 2025 | 02 Oct 2025 | 80 | 15% | 3% | 82% | 1% |
| 01 Mar 2024 - 31 Aug 2024 | 02 Oct 2025 | 80 | 17% | 4% | 79% | 1% |
| 01 Sept 2023 - 29 Feb 2024 | 31 Aug 2024 | 78 | 16% | 6% | 78% | 2% |
| 01 Mar 2023 - 31 Aug 2023 | 31 Aug 2024 | 81 | 14% | 14% | 72% | 1% |
| 01 Sept 2022 - 28 Feb 2023 | 31 Aug 2024 | 84 | 3% | 25% | 72% | 2% |
| 01 Mar 2022 - 31 Aug 2022 | 31 Aug 2024 | 84 | 4% | 24% | 72% | 2% |
| 01 Sept 2021 - 28 Feb 2022 | 31 Aug 2024 | 88 | 4% | 22% | 74% | 2% |
| 01 Mar 2021 - 31 Aug 2021 | 31 Aug 2024 | 81 | 3% | 25% | 72% | 3% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Aug 2024 | 79 | 3% | 25% | 72% | 3% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 61 | 17% | 42% | 41% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
With respect to goods purchased for resale: Payment will be made by Boots Opticians Professional Services Limited (‘Boots Opticians’) in the daily payment run that follows the 75th day (or following business day should this fall on a weekend or public holiday) after the end of the month of the later of: (i) the date of invoice; (ii) the date of receipt of a valid invoice; and (iii) the date on which we receive the relevant goods and services in full. Boots Opticians will make a deduction of 2.5% of the invoice value after VAT for payment made by that date. With respect to goods and services not for resale: Boots Opticians standard settlement terms are 2.5% 105 days end of month. This means that payment will be made on the 105th day (or following business day should this fall on a weekend or public holiday) after the end of the month of invoice, with a deduction of 2.5% of the invoice value before VAT for payment made by that date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
136
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.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Boots Opticians Professional Services Limited is a UK registered company based in Nottingham, incorporated in December 2008. It was originally registered under the name Boots Opt Limited before adopting its current name in March 2009. Companies House records its nature of business as retail sale by opticians, indicating it operates within the professional and clinical side of the Boots Opticians business rather than as a standalone high street retailer. As a registered entity linked to the wider Boots corporate group, it appears to support professional optical services delivered under the Boots Opticians brand. No further first party description of its trading activities was available beyond these official filings.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk