Facility
£2,000,000
Current balance
£1,781,972
All-in rate
7.25%
Term
48 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
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 | 17 Aug 2025 | £12,083 | £41,667 | £53,750 | £1,958,333 |
| 2 | 17 Sept 2025 | £11,832 | £41,667 | £53,498 | £1,916,667 |
| 3 | 17 Oct 2025 | £11,580 | £41,667 | £53,247 | £1,875,000 |
| 4 | 17 Nov 2025 | £11,328 | £41,667 | £52,995 | £1,833,333 |
| 5 | 17 Dec 2025 | £11,076 | £41,667 | £52,743 | £1,791,667 |
| 6 | 17 Jan 2026 | £10,825 | £41,667 | £52,491 | £1,750,000 |
| 7 | 17 Feb 2026 | £10,573 | £41,667 | £52,240 | £1,708,333 |
| 8 | 17 Mar 2026 | £10,321 | £41,667 | £51,988 | £1,666,667 |
Facility history
Continuous, auditable record from application to closure
17 Jul 2025
Facility drawn
£2,000,000 released to solicitor client account
17 Jul 2025
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
17 Jul 2025
DD mandates live
1 mandate confirmed with BACS bureau
17 Sept 2025
First collection
£53,750 collected and allocated
17 Nov 2025
Covenant test — Q1
DSCR 2.24x against 1.25x floor
Credit profile
- Company number
- 12864248
- Sector
- Specialty Retail
- Security
- Cash Flow
- LTV
- 77%
- Leverage
- 1.5x
- DSCR
- 2.24x
- Drawdown
- 17 Jul 2025
- Grade
- G1/5
Approved outside current credit policy — exception recorded at origination.
Lender allocation
Attribution held in the ledger
£1,781,972 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file