Facility
£2,500,000
Current balance
£1,065,280
All-in rate
9.75%
Term
24 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Receipt £124,479
→Fees & charges
£2,490
Accrued interest
£20,313
Principal
£101,677
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 | 12 Dec 2024 | £20,313 | £104,167 | £124,479 | £2,395,833 |
| 2 | 12 Jan 2025 | £19,466 | £104,167 | £123,633 | £2,291,667 |
| 3 | 12 Feb 2025 | £18,620 | £104,167 | £122,786 | £2,187,500 |
| 4 | 12 Mar 2025 | £17,773 | £104,167 | £121,940 | £2,083,333 |
| 5 | 12 Apr 2025 | £16,927 | £104,167 | £121,094 | £1,979,167 |
| 6 | 12 May 2025 | £16,081 | £104,167 | £120,247 | £1,875,000 |
| 7 | 12 Jun 2025 | £15,234 | £104,167 | £119,401 | £1,770,833 |
| 8 | 12 Jul 2025 | £14,388 | £104,167 | £118,555 | £1,666,667 |
Facility history
Continuous, auditable record from application to closure
12 Nov 2024
Facility drawn
£2,500,000 released to solicitor client account
12 Nov 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
12 Nov 2024
DD mandates live
1 mandate confirmed with BACS bureau
12 Jan 2025
First collection
£124,479 collected and allocated
12 Mar 2025
Covenant test — Q1
DSCR 1.55x against 1.25x floor
Credit profile
- Company number
- 01328807
- Sector
- Specialty Retail
- Security
- Cash Flow
- LTV
- 52%
- Leverage
- 2.6x
- DSCR
- 1.55x
- Drawdown
- 12 Nov 2024
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
Northgate Capital100.0%
£1,065,280 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file