Facility
£4,000,000
Current balance
£3,529,667
All-in rate
7.25%
Term
24 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 15 Dec 2021 | £24,167 | £166,667 | £190,833 | £3,833,333 |
| 2 | 15 Jan 2022 | £23,160 | £166,667 | £189,826 | £3,666,667 |
| 3 | 15 Feb 2022 | £22,153 | £166,667 | £188,819 | £3,500,000 |
| 4 | 15 Mar 2022 | £21,146 | £166,667 | £187,813 | £3,333,333 |
| 5 | 15 Apr 2022 | £20,139 | £166,667 | £186,806 | £3,166,667 |
| 6 | 15 May 2022 | £19,132 | £166,667 | £185,799 | £3,000,000 |
| 7 | 15 Jun 2022 | £18,125 | £166,667 | £184,792 | £2,833,333 |
| 8 | 15 Jul 2022 | £17,118 | £166,667 | £183,785 | £2,666,667 |
Facility history
Continuous, auditable record from application to closure
15 Nov 2021
Facility drawn
£4,000,000 released to solicitor client account
15 Nov 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
15 Nov 2021
DD mandates live
5 mandates confirmed with BACS bureau
15 Jan 2022
First collection
£190,833 collected and allocated
15 Mar 2022
Covenant test — Q1
DSCR 1.64x against 1.25x floor
Credit profile
- Company number
- 08492037
- Sector
- Health Care Equipment
- Security
- Asset Backed
- LTV
- 37%
- Leverage
- 1.9x
- DSCR
- 1.64x
- Drawdown
- 15 Nov 2021
- Grade
- G1/5
Lender allocation
Attribution held in the ledger
£728,344 outstanding
£672,318 outstanding
£728,344 outstanding
£672,318 outstanding
£728,344 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file