Facility
£5,500,000
Current balance
£2,871,495
All-in rate
8.50%
Term
72 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 6 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 09 Mar 2026 | £38,958 | £76,389 | £115,347 | £5,423,611 |
| 2 | 09 Apr 2026 | £38,417 | £76,389 | £114,806 | £5,347,222 |
| 3 | 09 May 2026 | £37,876 | £76,389 | £114,265 | £5,270,833 |
| 4 | 09 Jun 2026 | £37,335 | £76,389 | £113,724 | £5,194,444 |
| 5 | 09 Jul 2026 | £36,794 | £76,389 | £113,183 | £5,118,056 |
| 6 | 09 Aug 2026 | £36,253 | £76,389 | £112,642 | £5,041,667 |
| 7 | 09 Sept 2026 | £35,712 | £76,389 | £112,101 | £4,965,278 |
| 8 | 09 Oct 2026 | £35,171 | £76,389 | £111,560 | £4,888,889 |
Facility history
Continuous, auditable record from application to closure
09 Feb 2026
Facility drawn
£5,500,000 released to solicitor client account
09 Feb 2026
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
09 Feb 2026
DD mandates live
6 mandates confirmed with BACS bureau
09 Apr 2026
First collection
£115,347 collected and allocated
09 Jun 2026
Covenant test — Q1
DSCR 1.62x against 1.25x floor
Credit profile
- Company number
- 06705406
- Sector
- Software & Services
- Security
- Asset Backed
- LTV
- 54%
- Leverage
- 1.4x
- DSCR
- 1.62x
- Drawdown
- 09 Feb 2026
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£497,726 outstanding
£459,439 outstanding
£497,726 outstanding
£459,439 outstanding
£497,726 outstanding
£459,439 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file