EPC required to sell a business

Selling a business is no simple feat; there are numerous regulations to negotiate and financial issues to tie-up.
But it is important to get everything in place to ensure a smooth sale. So those looking to sell their business in the near future need to be aware of recent changes to the law regarding Energy Performance Certificates (EPCs).

From 6 April 2012, anyone selling a business is required by statutory law to provide an EPC, demonstrating the energy efficiency and predicted CO2 emissions. The document will provide a rating from 'A' (the most efficient) through to 'G', as well as offering recommendations for improving the business's energy efficiency in the future.

In practical terms, both business sellers and agents are required by law to make “all reasonable efforts” to obtain the EPC within seven days of putting a business up for sale. The document is then valid for ten years and it may be that it will cover more than one sale.

Ultimately there is some flexibility within the time scale if a seller needs to obtain a new EPC. If all reasonable efforts are exhausted within the seven-day period, sellers have a further 21 days to obtain the certificate before they are at risk of falling foul of the law.

It is also possible to obtain the certificate before putting the business up for sale and there are no legal time requirements covering this course of action.

Whenever you choose to organise an EPC for your business, be sure to do it within the new legal requirements as the penalties are not light. The penalty fee for not having the certificate ready for prospective buyers to see is equivalent to 12.5 per cent of the rateable value of the relevant building. This fixed penalty can be anything from £500 to £5,000.


Share this article



Latest Businesses for Sale

Carpentry & Joinery Components (Fast Sale)
West Midlands, UK

Offers required by April 17, 2020 - 6:00pm. Opportunity has arisen predominantly as a result of a funding requirement determined by trading losses partially driven by reduced margins on contracts and increasing fixed overheads in a competitive sector...

Asking Price: Offers Invited
Turnover: £7,500,000

LEASEHOLD


Construction Recruitment (Fast Sale)
South East, UK

Interested parties should be in a position to submit initial expressions of interest no later than 5pm on 3 April 2020. South East based companies focusing on recruitment (temporary and permanent), engineering and site logistics for the construction...

Asking Price: Offers Invited
Turnover: £5m+

Access Control Systems & CCTV Consultancy
Hertfordshire, South East, UK

Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...

Asking Price: Offers Invited
Turnover: £530,000

FREEHOLD



View more businesses for sale

Search Insights

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources