RBF was established in $2001$ and over the past twenty plus years has become one of the

UK$$s largest manufacturers of high quality women$$s clothing for leading retail brands

such as Boden, Jaeger and Whistles. The company owns their Head Office property in

Leeds and they rent three factories in Leeds, Bradford and Huddersfield respectively, as

well as owning a warehouse, also located in Leeds.

Despite the challenges resulting from the UK$$s decision to leave the European Union

$($Brexit$)$ and the Covid $19$ pandemic, RBF has continued to remain profitable. However,

over the past five years profits have fallen significantly.

The Board of Directors have been discussing the latest financial data $($see Appendix $1)$

and how best to return the company to the high profit levels seen in previous years.

The directors have made the following decisions: