Facility
£2,000,000
Current balance
£1,652,058
All-in rate
11.00%
Term
72 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 | 18 Aug 2024 | £18,333 | £27,778 | £46,111 | £1,972,222 |
| 2 | 18 Sept 2024 | £18,079 | £27,778 | £45,856 | £1,944,444 |
| 3 | 18 Oct 2024 | £17,824 | £27,778 | £45,602 | £1,916,667 |
| 4 | 18 Nov 2024 | £17,569 | £27,778 | £45,347 | £1,888,889 |
| 5 | 18 Dec 2024 | £17,315 | £27,778 | £45,093 | £1,861,111 |
| 6 | 18 Jan 2025 | £17,060 | £27,778 | £44,838 | £1,833,333 |
| 7 | 18 Feb 2025 | £16,806 | £27,778 | £44,583 | £1,805,556 |
| 8 | 18 Mar 2025 | £16,551 | £27,778 | £44,329 | £1,777,778 |
Facility history
Continuous, auditable record from application to closure
18 Jul 2024
Facility drawn
£2,000,000 released to solicitor client account
18 Jul 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
18 Jul 2024
DD mandates live
2 mandates confirmed with BACS bureau
18 Sept 2024
First collection
£46,111 collected and allocated
18 Nov 2024
Covenant test — Q1
DSCR 1.13x against 1.25x floor
18 Jan 2025
Direct debit failed
Funds moved to suspense, lender sweep stopped
18 Feb 2025
Arrears clock started — 31 days
Notice issued under Monitoring & Recoveries Policy
Credit profile
- Company number
- 08744784
- Sector
- Hotels & Leisure
- Security
- Cash Flow
- LTV
- 37%
- Leverage
- 3.4x
- DSCR
- 1.13x
- Drawdown
- 18 Jul 2024
- Grade
- G4/5
Lender allocation
Attribution held in the ledger
£859,070 outstanding
£792,988 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file