BOOTS PROPERTIES LIMITED
Operating as a real estate subsidiary for the Sycamore Partners-backed health and beauty retailer The Boots Group, the company manages and leases property for the pharmacy chain.
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£124M
+302.3% highest in 3 filed years
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £17,800,000 | £14,700,000 | £14,300,000 | -2.7% | |
| Operating profit | £42,100,000 | £19,100,000 | £9,900,000 | -48.2% | |
| Profit before tax | £48,100,000 | -£61,200,000 | £123,800,000 | +302.3% | |
| Net profit | £48,500,000 | -£64,400,000 | £120,000,000 | +286.3% | |
| Cash | £256,400,000 | £164,800,000 | — | — | |
| Total assets less current liabilities | £487,800,000 | £419,000,000 | — | — | |
| Net assets | £404,500,000 | £340,100,000 | — | — | |
| Equity | £404,500,000 | £340,100,000 | — | — | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|
| Operating margin | — | 129.9% | 69.2% | |
| Return on capital employed | 8.6% | 4.6% | — | |
| Gearing (liabilities / total assets) | 20.9% | 19.6% | — | |
| Current ratio | 12.80x | 41.07x | — | |
| Interest cover | 14.03x | 6.59x | 3.41x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- BOOTS PROPERTIES LIMITED 2004-09-09 → present
- BOOTS PROPERTIES PLC 1989-01-19 → 2004-09-09
- TIMOTHY WHITES PLC 1928-07-02 → 1989-01-19
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- BOOTS PROPERTIES LIMITED · parent
- Boots Propco B Limited 100%
- Boots Propco C Limited 100%
- Boots Property Partnership 71.3%
- WBA PropCo C LLP 10.67%
Significant events
- “On 28 August 2025, The Boots Group Limited ('TBGL') completed its acquisition of certain operations of Walgreens Boots Alliance, Inc. ("WBA") outside the United States including, its health and beauty retail businesses, the pharmaceutical wholesaling and distribution business in Germany, and certain corporate and treasury legal entities, together forming The Boots Group ('TBG').”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMPSON, Andrew Richard | Secretary | 2015-10-02 | — | — |
| HUNTER, Samuel James | Director | 2023-05-22 | Apr 1976 | British |
| JEFFERIES, Daniel Bruce | Director | 2026-04-01 | Sep 1970 | British |
| PATEMAN, Philip James | Director | 2026-04-01 | Jan 1970 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FENNELL, Sonia | Secretary | 1995-12-18 | 2007-04-05 |
| FOSTER, David Charles Geoffrey | Secretary | 2007-04-05 | 2015-10-02 |
| OLIVER, Michael John | Secretary | — | 1995-12-18 |
| BAGULEY, Peter Jeffrey | Director | — | 1998-07-01 |
| BARTHOLOMEW, Richard James | Director | 1998-04-30 | 2007-12-03 |
| CLARE, Aidan Gerard | Director | 2012-11-01 | 2022-02-22 |
| CLEMENTS, Nathan Roy George | Director | 2018-06-26 | 2018-10-03 |
| CLERCKX, Toon | Director | 2010-01-28 | 2012-11-01 |
| CRUM, Richard Leslie | Director | 2001-10-15 | 2005-02-28 |
| DUNNE, Patrick Gerard | Director | 2010-05-31 | 2012-11-01 |
| EDWARDS, Anthony Clive | Director | — | 1997-12-10 |
| EVANS, Peter Jonathan | Director | 1995-05-23 | 1997-09-22 |
| FUSSEY, Paul Bryan | Director | 2007-12-03 | 2009-06-01 |
| GARDNER, Robert Lyle | Director | — | 1992-08-26 |
| GRIMSDELL, Colin Raymond | Director | 2000-01-20 | 2001-10-12 |
| HARRIS, Omorlie | Director | 2022-02-22 | 2025-08-13 |
| LEWIS, Anne Valerie | Director | 1997-09-22 | 2000-01-25 |
| MARTINDALE, Michael Ernest | Director | 1992-08-26 | 1997-01-13 |
| MULLER, Mark Francis, Mr. | Director | 2012-11-01 | 2016-06-24 |
| MURPHY, Ken | Director | 2009-06-01 | 2010-01-28 |
| ROBSON, Allan | Director | 2002-09-30 | 2010-05-31 |
| RUDDELL, Michael Frith | Director | — | 2001-03-31 |
| SNAPE, Michael David | Director | 2018-10-03 | 2023-05-22 |
| STANDISH, Frank | Director | 2012-11-01 | 2026-02-17 |
| VASISHTA, Veer Sagar | Director | 2003-04-01 | 2006-01-03 |
| WASS, Jonathan Paul | Director | 2016-06-24 | 2018-06-26 |
| WEBSTER, Ian James Sheldon | Director | 1998-07-01 | 2002-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Boots Company Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-08-10 | Active |
| Alliance Boots Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2021-08-10 |
Filing timeline
Last 20 of 228 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-06 | AA | accounts | Accounts with accounts type full | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-04 | AA | accounts | Accounts with accounts type full | |
| 2025-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-28 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full | |
| 2023-05-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-27 | CH01 | officers | Change person director company with change date | |
| 2022-08-25 | AA | accounts | Accounts with accounts type full | |
| 2022-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.