Facility
£150,000
Current balance
£94,235
All-in rate
11.00%
Term
24 months
Days past due
31
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 2 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 12 Jun 2023 | £1,375 | £6,250 | £7,625 | £143,750 |
| 2 | 12 Jul 2023 | £1,318 | £6,250 | £7,568 | £137,500 |
| 3 | 12 Aug 2023 | £1,260 | £6,250 | £7,510 | £131,250 |
| 4 | 12 Sept 2023 | £1,203 | £6,250 | £7,453 | £125,000 |
| 5 | 12 Oct 2023 | £1,146 | £6,250 | £7,396 | £118,750 |
| 6 | 12 Nov 2023 | £1,089 | £6,250 | £7,339 | £112,500 |
| 7 | 12 Dec 2023 | £1,031 | £6,250 | £7,281 | £106,250 |
| 8 | 12 Jan 2024 | £974 | £6,250 | £7,224 | £100,000 |
Facility history
Continuous, auditable record from application to closure
12 May 2023
Facility drawn
£150,000 released to solicitor client account
12 May 2023
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
12 May 2023
DD mandates live
2 mandates confirmed with BACS bureau
12 Jul 2023
First collection
£7,625 collected and allocated
12 Sept 2023
Covenant test — Q1
DSCR 0.94x against 1.25x floor
12 Nov 2023
Direct debit failed
Funds moved to suspense, lender sweep stopped
12 Dec 2023
Arrears clock started — 31 days
Notice issued under Monitoring & Recoveries Policy
Credit profile
- Company number
- 05995751
- Sector
- Health Care Equipment
- Security
- Asset Backed
- LTV
- 71%
- Leverage
- 4.4x
- DSCR
- 0.94x
- Drawdown
- 12 May 2023
- Grade
- G4/5
Lender allocation
Attribution held in the ledger
£49,002 outstanding
£45,233 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file