Facility
£5,500,000
Current balance
£3,400,694
All-in rate
9.75%
Term
72 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 3 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 09 Jul 2022 | £44,688 | £76,389 | £121,076 | £5,423,611 |
| 2 | 09 Aug 2022 | £44,067 | £76,389 | £120,456 | £5,347,222 |
| 3 | 09 Sept 2022 | £43,446 | £76,389 | £119,835 | £5,270,833 |
| 4 | 09 Oct 2022 | £42,826 | £76,389 | £119,214 | £5,194,444 |
| 5 | 09 Nov 2022 | £42,205 | £76,389 | £118,594 | £5,118,056 |
| 6 | 09 Dec 2022 | £41,584 | £76,389 | £117,973 | £5,041,667 |
| 7 | 09 Jan 2023 | £40,964 | £76,389 | £117,352 | £4,965,278 |
| 8 | 09 Feb 2023 | £40,343 | £76,389 | £116,732 | £4,888,889 |
Facility history
Continuous, auditable record from application to closure
09 Jun 2022
Facility drawn
£5,500,000 released to solicitor client account
09 Jun 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
09 Jun 2022
DD mandates live
3 mandates confirmed with BACS bureau
09 Aug 2022
First collection
£121,076 collected and allocated
09 Oct 2022
Covenant test — Q1
DSCR 2.33x against 1.25x floor
Credit profile
- Company number
- 07882070
- Sector
- Food & Beverage
- Security
- Cash Flow
- LTV
- 50%
- Leverage
- 1.3x
- DSCR
- 2.33x
- Drawdown
- 09 Jun 2022
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£1,163,395 outstanding
£1,073,903 outstanding
£1,163,395 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file