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'Overdue invoices hit 26-month high'
Western Mail
|June 03, 2025
THE NUMBER of overdue invoices on the books of Welsh businesses hit a 26-month high in April, according to new research from R3, the UK's insolvency and restructuring trade body.
Its analysis of data, provided by Cardiff-headquartered Creditsafe, shows there were 156,775 overdue invoices faced by Welsh businesses in April 2025 the highest on record since February 2023, when the figure was 161,860. The latest level is a 19.2% increase on the 131,272 reported in April last year.
Overdue invoice numbers have risen consistently since November 2024, and April's figures were 1% higher than March's total of 155,279.
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