Facility
£5,500,000
Current balance
£4,259,683
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 3 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 26 Mar 2024 | £38,958 | £91,667 | £130,625 | £5,408,333 |
| 2 | 26 Apr 2024 | £38,309 | £91,667 | £129,976 | £5,316,667 |
| 3 | 26 May 2024 | £37,660 | £91,667 | £129,326 | £5,225,000 |
| 4 | 26 Jun 2024 | £37,010 | £91,667 | £128,677 | £5,133,333 |
| 5 | 26 Jul 2024 | £36,361 | £91,667 | £128,028 | £5,041,667 |
| 6 | 26 Aug 2024 | £35,712 | £91,667 | £127,378 | £4,950,000 |
| 7 | 26 Sept 2024 | £35,062 | £91,667 | £126,729 | £4,858,333 |
| 8 | 26 Oct 2024 | £34,413 | £91,667 | £126,080 | £4,766,667 |
Facility history
Continuous, auditable record from application to closure
26 Feb 2024
Facility drawn
£5,500,000 released to solicitor client account
26 Feb 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
26 Feb 2024
DD mandates live
3 mandates confirmed with BACS bureau
26 Apr 2024
First collection
£130,625 collected and allocated
26 Jun 2024
Covenant test — Q1
DSCR 2.05x against 1.25x floor
Credit profile
- Company number
- 07829185
- Sector
- Transportation
- Security
- Hybrid
- LTV
- 48%
- Leverage
- 2.5x
- DSCR
- 2.05x
- Drawdown
- 26 Feb 2024
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£1,457,260 outstanding
£1,345,163 outstanding
£1,457,260 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file