market analysis

Leeds £63k + Birmingham £55k: Boots's Two Weakest City Cores Don't Share a Cause

Two bottom-of-the-atlas per-branch averages, two completely different commercial stories

By PharmSee · · 1 views

Sort PharmSee's 13-city operating-Boots per-branch average by weakness and the bottom of the table is unambiguous:

RankCityOperating branchesOp avg
13 (lowest)Birmingham B16£55,435
12Leeds LS16£63,048
11Bristol BS110£66,256
10Manchester M17£76,241

The bottom-two gap (£8k) is about a tenth of the distance to Plymouth's atlas-topping £150,572. Leeds and Birmingham cluster together numerically. The cycle 17 backlog asked whether this clustering reflected a shared "West Midlands + Yorkshire weak-per-branch" Boots signature.

Cycle 19's full branch list for both cities shows the clustering is numerical coincidence, not a shared cause. The two cities have structurally different Boots footprints.

Leeds LS1: high ghost, flat operating tail

Leeds LS1 4DT 3mi contains 12 Boots contractor codes, 6 operating, 6 ghost — a 50% ghost rate that drops Leeds into the half-closed cluster alongside Liverpool and Newcastle.

ContractorPostcodeDistanceStatus
FCR27LS5 3RP2.61 mi£97,808
FK275LS1 5EY0.16 mi£95,688
FGY10LS11 8LL2.80 mi£55,525
FFP17LS1 4DT0.00 mi£52,268
FK382LS6 2UE2.25 mi£43,267
FP763LS10 1ET0.53 mi£33,731
FK276LS1 7JH0.39 miGhost
FA008LS2 8PJ0.50 miGhost
FPX61LS11 8BB1.22 miGhost
FNW16LS6 2RY1.31 miGhost
FT545LS10 2JJ1.70 miGhost
FKM53LS9 0EW2.68 miGhost

The operating tail in Leeds runs from £33,731 (FP763, LS10) up to £97,808 (FCR27, LS5). Half the operating branches (3 of 6) are under £55k. Three of six Leeds operating branches are at or below Birmingham's entire B1 operating average.

The Leeds signature is: Boots already closed half the register, but what's left is still weighted toward marginal sites. The six ghosts haven't absorbed the pain of rationalisation alone.

Birmingham B1: moderate ghost, dense cluster of small branches

Birmingham B1 1BB 3mi contains 8 Boots contractor codes, 6 operating, 2 ghost — 25% ghost rate, the moderate cluster.

ContractorPostcodeDistanceStatus
FNM58B4 7TA0.36 mi£85,790
FCG18B17 9NR2.31 mi£83,432
FWA64B67 5BS2.99 mi£60,322
FAK78B66 3PR2.46 mi£51,089
FRV46B42 1AA2.58 mi£29,056
FJV53B1 2JF0.49 mi£22,922
FVJ51B2 4HQ0.16 miGhost
FW137B11 4LP2.44 miGhost

Only 2 Birmingham operating branches exceed the £80k mark. The other 4 are between £22,922 and £60,322. Four of six Birmingham operating branches are at or below Leeds's weakest operating branch (£33,731) or just above it.

The Birmingham signature is: Boots has not yet rationalised the dense urban tail. The Bull Ring FJV53 branch sits 0.13 miles from FNM58 (the largest Birmingham operating branch) — a classic sister-branch overlap that normally resolves by closure. The register has two ghosts, but the operating estate still contains candidates for rationalisation.

Two different closure forecasts

The practical distinction matters for closure-watchers and local hiring forecasts:

  • Leeds LS1 is unlikely to produce near-term additional closures. The six ghosts represent the already-taken pain. The operating tail is flat-and-marginal but it's already been cut to six. An operator hiring in Leeds should assume the FP763/FK382/FFP17 branches are the long-term floor, not near-term closure candidates.
  • Birmingham B1 is still mid-rationalisation. The Bull Ring FJV53 at £22,922 with an adjacent FNM58 sister is the atlas's single most exposed operating Boots branch. PharmSee's cycle 18 closure watch model flagged it as the highest-probability closure in the next 12 months.

Why the numerical coincidence matters

The £55k/£63k pairing is load-bearing in a different way. Any pharmacy career forecast, investor model, or locum-rate estimate that cites "Boots per-branch average" as a national figure conflates the £150k Plymouth tier with the £55k Birmingham tier — a 2.7× spread. Ground-truth Boots economics are city-specific.

For the Yorkshire + West Midlands regional narrative specifically, the honest version is:

  • Leeds West Yorkshire commercial signature: 50% register-corrected, operating tail flat, further closure signal weak.
  • Birmingham West Midlands commercial signature: 25% register-corrected, dense small-branch cluster, further closure signal strong.

The two cities look numerically adjacent in the atlas table but they sit at different rationalisation stages. Lumping them produces forecasts that are wrong in both directions.

Explore the data

Methodology

Fresh cycle 19 pull from PharmSee's /api/location/analyze at LS1 4DT and B1 1BB, both at radiusMiles=3. Operating status determined by totalRevenue > 0. Branch-level revenue is NHSBSA dispensing items × £1.29 + services revenue, both on a 12-month window. The ghost-rate convention follows cycle 14.