Saxon Ltd is a newly started company in the clothing sector in Ceeland. Over the

recent months, it has experienced rapid growth in its sales, this has led to

management being over ambitious and started to invest massively into new

business units across Ceeland. The rapid expansion of Saxon Ltd has drastically

depleted its financial resources resulting in its inability to settle its financial

obligations, delay in fulfilling customer orders and so on$.$

Required:

Identify and explain the problem which Saxon Ltd is experiencing, its causes and

possible solutions to tackle its financial problems for the smooth running of its day

to day activities.