Facility
£3,350,000
Current balance
£2,466,740
All-in rate
7.25%
Term
72 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Receipt £66,767
→Fees & charges
£1,335
Accrued interest
£20,240
Principal
£45,192
Each tranche is then attributed across 1 lender position as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 25 Mar 2026 | £20,240 | £46,528 | £66,767 | £3,303,472 |
| 2 | 25 Apr 2026 | £19,958 | £46,528 | £66,486 | £3,256,944 |
| 3 | 25 May 2026 | £19,677 | £46,528 | £66,205 | £3,210,417 |
| 4 | 25 Jun 2026 | £19,396 | £46,528 | £65,924 | £3,163,889 |
| 5 | 25 Jul 2026 | £19,115 | £46,528 | £65,643 | £3,117,361 |
| 6 | 25 Aug 2026 | £18,834 | £46,528 | £65,362 | £3,070,833 |
| 7 | 25 Sept 2026 | £18,553 | £46,528 | £65,081 | £3,024,306 |
| 8 | 25 Oct 2026 | £18,272 | £46,528 | £64,800 | £2,977,778 |
Facility history
Continuous, auditable record from application to closure
25 Feb 2026
Facility drawn
£3,350,000 released to solicitor client account
25 Feb 2026
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
25 Feb 2026
DD mandates live
1 mandate confirmed with BACS bureau
25 Apr 2026
First collection
£66,767 collected and allocated
25 Jun 2026
Covenant test — Q1
DSCR 2.20x against 1.25x floor
Credit profile
- Company number
- 10935601
- Sector
- Commercial Services
- Security
- Cash Flow
- LTV
- 55%
- Leverage
- 2.5x
- DSCR
- 2.20x
- Drawdown
- 25 Feb 2026
- Grade
- G1/5
Lender allocation
Attribution held in the ledger
Northgate Capital100.0%
£2,466,740 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file