The majority of UK SMEs consider late payments to be ‘corporate crime’.

More than half (55%) of UK small and medium-sized enterprises (SMEs) believe that late payments are a corporate crime and should be greeted with a penalty as severe as fraud or wrongdoing, possibly even imprisonment.

Any late payment costs SMEs, the report said

SMB owners want to be able to get compensation from late paying customers. To do this, companies need to feel that they can take legal action against late payers without paying absurd fees …

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