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Peony next steps

Hello
I purchased this peony plant when it was very small at the end of April. It has grown a lot but did not produce any buds or flowers. It has also not grown as bushy as I would have expected.
I purchased this peony plant when it was very small at the end of April. It has grown a lot but did not produce any buds or flowers. It has also not grown as bushy as I would have expected.
I have read that herbaceous peonies ( which is what I think this is but not certain!) should be cut back to base in October.
So should this be my next step?
please advise on the health of this Peony and what I can do to look after it properly?
Not really got room to put it into the ground but can make some
if absolutely necessary.
please advise on the health of this Peony and what I can do to look after it properly?
Not really got room to put it into the ground but can make some

Also purchased from a friend of a friend so had no label. Was only £4.
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Extra care needed when in pots, but they aren't very easy to keep potted long term without a lot of vigilance. If you can give them that care, it's fine.
I live in west central Scotland - not where that photo is...
However, in a pot, a bit of tomato food through the summer and while it's dying back, will help for next year as @BobTheGardener says.
More importantly - refresh the soil it's in later in winter, early spring just before it starts into growth, making sure you don't bury the crown as already said
I live in west central Scotland - not where that photo is...