market analysis

Bristol BS1 Pharmacy Audit: 68 Stores, Cleanest Boots in the Atlas

Bristol's 57% independent share, 100% ghost Lloyds, and the South West chain puzzle

By PharmSee · · 1 views

Bristol is the last pan-English six-city pillar we hadn't measured at branch level. Now we have. Bristol's BS1 ring is unusual — its Boots estate is the cleanest in our seven-city atlas, but its Lloyds estate is a 100% ghost shell.

Headline numbers — Bristol BS1 4DJ, 3-mile ring

MetricValue
GP practices60
Pharmacies68
Raw GP:pharmacy ratio0.88:1
Independent share57.4% (39 of 68)
Ghost branches11 (16.2%)
Post-ghost effective ratio1.05:1

The BS1 raw ratio (0.88:1) is almost identical to Sheffield (0.78:1) and Leeds (0.84:1) — South West core Bristol is a balanced-to-over-supplied market before ghost correction. After correction it lifts to effective parity.

Chain composition

ChainBranchesOperatingGhost %Per-branch avg (operating)
Independent39368%£90,899
Boots11109%£66,256
Lloyds80100%
Superdrug330%£49,903
Well330%£130,814
Asda220%£72,881
Tesco220%£86,978

Two striking numbers.

Boots Bristol is the cleanest Boots estate in our atlas

Bristol's Boots has 11 contractor codes, 10 operating — a 9% ghost rate. Compare that to the city atlas:

CityBoots brBoots opGhost %
Sheffield S19811%
Manchester M18712%
Bristol BS111109%
Birmingham B18625%
Plymouth PL110640%
Liverpool L112650%
Leeds LS112650%
Newcastle NE116850%

Bristol, Sheffield and Manchester form a cluster of cities where Boots is still running ~90% of its registered estate. Leeds, Liverpool, Plymouth and Newcastle are the half-retreat cluster. The South West core isn't part of the 2023-2024 Boots exit wave in branch terms — even though Plymouth's PL1 ring is deep in it. Bristol and Plymouth disagree about Boots, and they're both South West.

Lloyds 100% ghost rate holds across the pan-English atlas

Bristol adds a seventh city to the Lloyds shell-only pattern. We now have Lloyds 100% ghost rates at B1, L1 (2br), M1, S1 (11br — the biggest), BS1 (8br — second biggest), and Leeds LS1 (3br). Newcastle is the lone exception with 2 of 8 Lloyds branches operating at £43,080 — the only live Lloyds operations we've found in any audited city core. The Lloyds 2023 exit is cleanly visible in 95%+ of the NHS Digital register across seven cities.

Bristol's Boots operating average: £66,256

Bristol Boots averages £66,256 per operating branch — closer to Birmingham's £55,435 than to Liverpool's £102,970. The South West Boots stores are below-average revenue. Combined with the clean 9% ghost rate, this suggests Bristol Boots is running a full-estate but thin-margin operation. That's a different commercial regime from Liverpool (half the codes closed, the operators averaging £103k) or Birmingham (quarter closed, operators at £55k).

What Bristol tells us about the pan-English picture

Cycle 16 and 17 combined now measure the pan-English six-city pillar at branch level. The headline: the independent majority holds in every English city core we've measured. Bristol is the weakest case — 57.4% — but it still beats chain aggregate. The chain threat to the independent community pharmacy sector is real at the job-postings level, where Boots dominates, but it is not visible in the branch-count data.

A Bristol operator scoping the local market should read this as a crowded-but-viable independent landscape with a sub-£67k average Boots competitor — the per-branch revenue gap is a structural opening. Browse Bristol pharmacies on PharmSee and see live Bristol pharmacist jobs for the full picture.

Methodology

3-mile ring from BS1 4DJ (Bristol city centre). Chain classification uses the NHS Digital contractor name verbatim for Boots, Lloyds, Well, Cohens, Rowlands, Day Lewis, Weldricks, Tesco, Asda, Morrisons, Superdrug, Peak; all other branches are classed as Independent. Ghost branches are defined as zero 12-month dispensing revenue.

Sources

  • PharmSee location analyser: /api/location/analyze?postcode=BS1+4DJ&radiusMiles=3 (April 2026 pull)
  • City atlas comparisons from PharmSee research cycles 12-17
  • NHS Digital pharmacy contractor register