BLN10015 · Foxton Partners

Facility

£5,500,000

Current balance

£4,324,380

All-in rate

12.25%

Term

60 months

Days past due

128

Repayment waterfall

How the next receipt is applied, per Formance ledger configuration

Receipt £147,813

→

Fees & charges

£2,956

Accrued interest

£56,146

Principal

£88,710

Each tranche is then attributed across 6 lender positions as a ledger fact — no batch recomputation.

First eight periods

#	Due	Interest	Principal	Total	Closing balance
1	05 Sept 2022	£56,146	£91,667	£147,813	£5,408,333
2	05 Oct 2022	£55,210	£91,667	£146,877	£5,316,667
3	05 Nov 2022	£54,274	£91,667	£145,941	£5,225,000
4	05 Dec 2022	£53,339	£91,667	£145,005	£5,133,333
5	05 Jan 2023	£52,403	£91,667	£144,069	£5,041,667
6	05 Feb 2023	£51,467	£91,667	£143,134	£4,950,000
7	05 Mar 2023	£50,531	£91,667	£142,198	£4,858,333
8	05 Apr 2023	£49,595	£91,667	£141,262	£4,766,667

Continuous, auditable record from application to closure

05 Aug 2022
Facility drawn
£5,500,000 released to solicitor client account
05 Aug 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
05 Aug 2022
DD mandates live
6 mandates confirmed with BACS bureau
05 Oct 2022
First collection
£147,813 collected and allocated
05 Dec 2022
Covenant test — Q1
DSCR 0.80x against 1.25x floor
05 Feb 2023
Direct debit failed
Funds moved to suspense, lender sweep stopped
05 Mar 2023
Arrears clock started — 128 days
Notice issued under Monitoring & Recoveries Policy

Attribution held in the ledger

Northgate Capital17.3%

£749,559 outstanding

Selwyn Nominees16.0%

£691,901 outstanding

Cavendish Income Fund17.3%

£749,559 outstanding

Ravensworth LLP16.0%

£691,901 outstanding

Brightwater Trust17.3%

£749,559 outstanding

Ignite Retail Pool16.0%

£691,901 outstanding