Facility
£200,000
Current balance
£144,218
All-in rate
12.25%
Term
36 months
Days past due
12
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 28 Oct 2021 | £2,042 | £5,556 | £7,597 | £194,444 |
| 2 | 28 Nov 2021 | £1,985 | £5,556 | £7,541 | £188,889 |
| 3 | 28 Dec 2021 | £1,928 | £5,556 | £7,484 | £183,333 |
| 4 | 28 Jan 2022 | £1,872 | £5,556 | £7,427 | £177,778 |
| 5 | 28 Feb 2022 | £1,815 | £5,556 | £7,370 | £172,222 |
| 6 | 28 Mar 2022 | £1,758 | £5,556 | £7,314 | £166,667 |
| 7 | 28 Apr 2022 | £1,701 | £5,556 | £7,257 | £161,111 |
| 8 | 28 May 2022 | £1,645 | £5,556 | £7,200 | £155,556 |
Facility history
Continuous, auditable record from application to closure
28 Sept 2021
Facility drawn
£200,000 released to solicitor client account
28 Sept 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
28 Sept 2021
DD mandates live
5 mandates confirmed with BACS bureau
28 Nov 2021
First collection
£7,597 collected and allocated
28 Jan 2022
Covenant test — Q1
DSCR 0.76x against 1.25x floor
28 Mar 2022
Direct debit failed
Funds moved to suspense, lender sweep stopped
28 Apr 2022
Arrears clock started — 12 days
Notice issued under Monitoring & Recoveries Policy
Credit profile
- Company number
- 09955770
- Sector
- Specialty Retail
- Security
- Hybrid
- LTV
- 60%
- Leverage
- 4.8x
- DSCR
- 0.76x
- Drawdown
- 28 Sept 2021
- Grade
- G5/5
Lender allocation
Attribution held in the ledger
£29,759 outstanding
£27,470 outstanding
£29,759 outstanding
£27,470 outstanding
£29,759 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file