A Company has just sent a letter to a client. The Company made a £4.3m profit last year. The client would love to have half of that as turnover. In the letter they inform us that they have our invoices, but won't be paying them before September as they are in the middle of an eight week payment holiday. A payment "holiday". I can imagine pound coins slapping on the suntan lotion. Tumbleweed blowing around the finance office as everybody wanders off to Ibiza.
A payment holiday. Just around their year end. Hope they've provided for the additional costs of late payment demands.