A late summer fall in the number of East Anglian businesses with overdue creditor payments, as well as a decrease in insolvency-related activity, could indicate a much-needed boost for the local economy heading into the final quarter of 2025.
This is the claim of the Eastern branch of national restructuring and insolvency trade body R3, based on data from business intelligence provider Creditsafe.
R3’s figures show that the number of East Anglian businesses with invoices overdue for payment decreased from 66,929 in July to 63,530 in August, while the quantity of debts owed by liquidated firms in the region fell by a sizeable 10.77% over the same time period.
There was also a month-on-month drop in insolvency-related activity between July and August, which includes liquidator and administrator appointments as well as creditors’ meetings.
R3 Eastern Chair Hayley Watson said: “It’s encouraging to see the local economy tightening up on the all-important business cashflow, particularly as there is much speculation about tax rises in the Autumn Budget and how the Government will counter increased spending and a widening fiscal ‘black hole’.
“In recent months, however, while we have seen some economic improvements provide companies with a bit of breathing space for growth, there is no doubt that trade remains tough.
“R3 would urge any business owners struggling financially to seek advice as early as possible.”
