Nutrient
Credits Limited Buy or Sell Nutrient Credits
Nutrient
Credits Limited
Buy or Sell Nutrient Credits
If you have ever wondered where you can sell phosphorus credits, then look no further you can sell phosphorus credits with Nutrient Credits Limited.
There are many ways to generate (make) a phosphorous credit. For this please see our how to make nutrient credits guide.
Most people will be looking to sell credits made from one of two methods:
These can make around 1.0kg of Phosphorus credit, and we can sell that on you behalf acting as an agent if you so wish. 1.0kg of Phosphorus credit is worth between £35,000 and £60,000. There are numerous factors that dictate that price.
You will receive between 90% and 95% of the value sold.
We take a percentage of the value of the credits sold dependent on the
volume, its sliding scale a bit like stamp duty, you can download
rates of commision here, or look at
below graph:
A common amount of credit to sell in Taunton would be 0.1kg. This is enough to cover one dwelling be it a flat or a house. Assuming price of £55,000, for this we would take £550 in commission taken out of the deposit paid by the buyer, which in this case would be the same £1100. In order to issue our deed of allocation the total deposit to buyer would be £1100 + VAT, of which you would receive £550.
For a project with 8 houses in Wellington you might need (gulp) 4kg of Phosphorus Credits. Assuming price of £55,000, for this we would take £11,000 in commission taken out of the deposit paid by the buyer, which in this case would be the same £33,000. In order to issue our deed of allocation the total cost to buyer would be £33,000 + VAT, of which you would receive £22,000.
Sometimes it can take quite a long time. In fact you should prepare for it taking a while!
2 to 3 Months - That is quite optimistic.
If you agree to selling your credits via Nutrient Credits Limited, then you will need get all of your paper work in order. If you need help with this we can help via our sister company Southwest Environmental Limited (Trading for 15 Years). You need to work out how much credit you have and then get this passes off with Natural England, it is easier to get this done in a planning application where they are statuary consultees.
Most of the credits listed on our map come as side effects from planning applications, where spare credits have been generated as a result of on-site mitigation. People who want to sell there nutrient credits can come to us to do that.
You deposit will arrive, when someone putting in a planning application is required to provide a deed of allocation.
The truth is you might not get paid. We'll explain why:
The buyer will have paid his deposit in order to get the deed of allocation see above. However, she doesn't have to pay the balance until just before the start living in the building.
So there are a number of reasons why they might never live in the building, and therefore they will never need to pay the balance:
However, two important things, the deposit is non-refundable, and there is a time limit of 1 year between deed of allocation issue, and use of credits. So if they haven't used them within a year you can re-issue them.
Yes. We work on our commission as describe above, however there may be some additional costs that you have to pay to third parties. The main one of these is legal fees.
In order to "link" your credit scheme the the site where is is being used you will need either a Section 106 Agreement, A Unilateral Undertaking or both. We have templates available for S106, we are still waiting for UU template to be leaked.
Simply contact us and we will list your project on our nutrient credit map, if somebody comes to us to buy nutrient credits then we be in touch and the process can begin.