Land and Business (Sale and Conveyancing) Act 1994

A vendor of a small business must, at least five clear business days before the date of settlement, serve, or cause to be served, on the purchaser a statement in the form required by regulation (signed by the vendor) setting out—

the rights of a purchaser under section 5; and

the prescribed particulars in relation to the business;

and

where land is sold under the contract for sale of the business—the particulars that would be required in a vendor's statement under section 7 if the land were sold separately.

The statement must have endorsed on, or attached to, it a certificate in the form required by regulation (signed by or on behalf of a qualified accountant, not being the vendor) certifying—

that the accountant or a person acting on behalf of the accountant has examined the accounts of the business; and

that the financial particulars disclosed under subsection (1)(b) appear to be in conformity with the accounts.