Facility
£2,000,000
Current balance
£1,491,121
All-in rate
9.75%
Term
36 months
Days past due
—
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 | 18 Apr 2025 | £16,250 | £55,556 | £71,806 | £1,944,444 |
| 2 | 18 May 2025 | £15,799 | £55,556 | £71,354 | £1,888,889 |
| 3 | 18 Jun 2025 | £15,347 | £55,556 | £70,903 | £1,833,333 |
| 4 | 18 Jul 2025 | £14,896 | £55,556 | £70,451 | £1,777,778 |
| 5 | 18 Aug 2025 | £14,444 | £55,556 | £70,000 | £1,722,222 |
| 6 | 18 Sept 2025 | £13,993 | £55,556 | £69,549 | £1,666,667 |
| 7 | 18 Oct 2025 | £13,542 | £55,556 | £69,097 | £1,611,111 |
| 8 | 18 Nov 2025 | £13,090 | £55,556 | £68,646 | £1,555,556 |
Facility history
Continuous, auditable record from application to closure
18 Mar 2025
Facility drawn
£2,000,000 released to solicitor client account
18 Mar 2025
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
18 Mar 2025
DD mandates live
5 mandates confirmed with BACS bureau
18 May 2025
First collection
£71,806 collected and allocated
18 Jul 2025
Covenant test — Q1
DSCR 1.35x against 1.25x floor
Credit profile
- Company number
- 03280718
- Sector
- Machinery
- Security
- Hybrid
- LTV
- 38%
- Leverage
- 2.9x
- DSCR
- 1.35x
- Drawdown
- 18 Mar 2025
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£307,692 outstanding
£284,023 outstanding
£307,692 outstanding
£284,023 outstanding
£307,692 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file