There were 167,176 overdue invoices on the books of around 25,00 mostly small businesses in Northern Ireland in the first quarter of this year, a new report reveals.
Late payments are a significant cause of company insolvencies, and mounting arrears can quickly turn day to-day cash flow issues into a wider crisis,according to R3, the UK’s trade body for restructuring, turnaround and insolvency professionals.
But the north actually bucked the overall UK trend by being one of the few regions to record a decline in the number of overdue invoices over the three-month period (down by nearly 11% from 187,500 in the first quarter of 2025).
And quarterly insolvency-related activity in the region -…