Facility
£1,000,000
Current balance
£995,523
All-in rate
7.25%
Term
60 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 6 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 15 Aug 2024 | £6,042 | £16,667 | £22,708 | £983,333 |
| 2 | 15 Sept 2024 | £5,941 | £16,667 | £22,608 | £966,667 |
| 3 | 15 Oct 2024 | £5,840 | £16,667 | £22,507 | £950,000 |
| 4 | 15 Nov 2024 | £5,740 | £16,667 | £22,406 | £933,333 |
| 5 | 15 Dec 2024 | £5,639 | £16,667 | £22,306 | £916,667 |
| 6 | 15 Jan 2025 | £5,538 | £16,667 | £22,205 | £900,000 |
| 7 | 15 Feb 2025 | £5,438 | £16,667 | £22,104 | £883,333 |
| 8 | 15 Mar 2025 | £5,337 | £16,667 | £22,003 | £866,667 |
Facility history
Continuous, auditable record from application to closure
15 Jul 2024
Facility drawn
£1,000,000 released to solicitor client account
15 Jul 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
15 Jul 2024
DD mandates live
6 mandates confirmed with BACS bureau
15 Sept 2024
First collection
£22,708 collected and allocated
15 Nov 2024
Covenant test — Q1
DSCR 2.36x against 1.25x floor
Credit profile
- Company number
- 01258492
- Sector
- Machinery
- Security
- Hybrid
- LTV
- 71%
- Leverage
- 1.8x
- DSCR
- 2.36x
- Drawdown
- 15 Jul 2024
- Grade
- G1/5
Lender allocation
Attribution held in the ledger
£172,557 outstanding
£159,284 outstanding
£172,557 outstanding
£159,284 outstanding
£172,557 outstanding
£159,284 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file