DID YOU KNOW?

Bad Debt

£26 billion is owed to SMEs in overdue payments in the UK. 30% of payments to small businesses are late.  The average value of each payment is £6,142. 50,000 UK businesses close every year because of late payments. If you have an overdue payment that you wish to discuss contact Mercian Law either on our - Read More >
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TOP TIPS TO PREVENT OVERDUE INVOICES

Bad Debt

Are you self-employed or running a small business, managing every aspect of your business?  It can be especially difficult if your customers do not pay you on time.  Having to chase for payment can be very stressful.  This article provides some helpful hints and tips to try and prevent overdue invoices. If possible, you should - Read More >
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HOW TO REDUCE THE RISK OF BAD DEBTS

Bad Debt

In the first three months of 2019 there was 35,779 County Court Judgments issued against UK companies, with a total claim value of £107.2 million.  According the Registry Trust the number and value of Judgments has been increasing over the last three years.  However, in context, the number and value of Judgments is still a - Read More >
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COULD THIS BE THE FUTURE OF DEBT RECOVERY?

Connect database

If you have incurred the time and cost to obtain a County Court Judgment.  Knowing which method of enforcement to use can be difficult.  Uncertainty over your debtors’ income and assets is hard to overcome. HMRC seems to have the upper hand.  They have the Connect Database, a state of the art analytical computer system - Read More >
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