North East firms had more than 222,000 unpaid invoices on their books in May that had gone past dates they should have paid them – and the number is steadily rising.
Latest analysis by insolvency and restructuring trade body R3 of data provided by CreditSafe showed that 13,310 North East firms had failed to clear 222,559 invoices by the time they were due.
It marks the fourth consecutive month that the number of outstanding invoices with North East firms has increased, with the figure rising by around 3% in the last three months.
