Melrose is a major retail clothing shop based in South Africa.
It caters for all individuals, ranging from kids’ wear to corporate
wear. Recently Melrose’s receivables book has been growing
excessively due to a higher demand for shopping on credit.
Melrose’s management is happy with the current credit facilities,
as it keeps the stock on the floor moving, but the financial
management team is concerned, as there is a growing number of
defaults in credit payments. The management team is...