In-Depth Guide To Cocooning A Business

The purpose of this guidance is to give an overview of what, why and how a business might be cocooned (or mothballed) in response to the change in trading environment arising from COVID-19.

What is Cocooning?

•  Cocooning, or mothballing, is a temporary suspension of a business and can be the result of sales reducing to zero (or nearly zero)
•  All cash outflows where possible are stopped or reduced and the business is left in a state which it can emerge from once the prevailing business conditions improve

In-Depth Guide To Cocooning