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Scenario:

ASSIGNMENT $-$ Credit $5$

Consider the following statement:

"Pick $n$ Pay's latest results revealed that the retailer is technically insolvent, as its liabilities are higher than its assets. The retailer released its audited results for the year that ended $25$ February $2024,$ which revealed poor financial performance."

Pick $n$ Pay is your company's biggest client and as Credit Manager you have been tasked with presenting recovery scenarios.

Present your recovery scenarios to the Executive Committee referring to the above as to how you will implement collection strategies; reduce risk whilst ensuring revenue and liquidity in your business.

There is no right or wrong answer. Your proposal must be motivated using the course material.