Facility
£2,500,000
Current balance
£2,354,393
All-in rate
8.50%
Term
60 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 4 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 20 Mar 2023 | £17,708 | £41,667 | £59,375 | £2,458,333 |
| 2 | 20 Apr 2023 | £17,413 | £41,667 | £59,080 | £2,416,667 |
| 3 | 20 May 2023 | £17,118 | £41,667 | £58,785 | £2,375,000 |
| 4 | 20 Jun 2023 | £16,823 | £41,667 | £58,490 | £2,333,333 |
| 5 | 20 Jul 2023 | £16,528 | £41,667 | £58,194 | £2,291,667 |
| 6 | 20 Aug 2023 | £16,233 | £41,667 | £57,899 | £2,250,000 |
| 7 | 20 Sept 2023 | £15,938 | £41,667 | £57,604 | £2,208,333 |
| 8 | 20 Oct 2023 | £15,642 | £41,667 | £57,309 | £2,166,667 |
Facility history
Continuous, auditable record from application to closure
20 Feb 2023
Facility drawn
£2,500,000 released to solicitor client account
20 Feb 2023
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
20 Feb 2023
DD mandates live
4 mandates confirmed with BACS bureau
20 Apr 2023
First collection
£59,375 collected and allocated
20 Jun 2023
Covenant test — Q1
DSCR 2.31x against 1.25x floor
Credit profile
- Company number
- 01723695
- Sector
- Transportation
- Security
- Asset Backed
- LTV
- 36%
- Leverage
- 1.4x
- DSCR
- 2.31x
- Drawdown
- 20 Feb 2023
- Grade
- G2/5
Approved outside current credit policy — exception recorded at origination.
Lender allocation
Attribution held in the ledger
£612,142 outstanding
£565,054 outstanding
£612,142 outstanding
£565,054 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file